CryptoBreaking News

SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk's aspirations for SpaceX are worth valuing at as much as $2 trillion. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."

Beata Manthey, European equity strategy head at Citi, discusses the bond market selloff and says it is "not necessarily bad" for index-level equities. "EPS growth in Europe for the index-level is going up, not down," Manthey tells Bloomberg Television. "But it is happening in this very narrow fashion."

Former Silvergate Bank chief risk officer Kate Fraher said she agreed to settle with the United States Securities and Exchange Commission in 2024 to avoid a prolonged court fight over allegations tied to anti-money laundering controls and crypto customer monitoring.

J.P. Morgan is warning that India's corporate earnings outlook faces rising risks from higher oil prices and prolonged Middle East tensions, with potential downside for equities and the rupee. The bank says elevated energy costs could pressure margins, weaken demand and force earnings downgrades if disruptions persist. The segment explores what this means for Indian markets, valuations and policy choices as the Reserve Bank of India balances currency stability against growth concerns. Rajiv Batra, Head of Asia and Co Head of Global Emerging Markets Equity Strategy at J.P. Morgan, spoke with Haslinda Amin on Insight with Haslinda Amin.

Syndicate Labs announced it is shutting down after five years of building infrastructure for customisable Ethereum rollups and sequencers, citing a sharp contraction in the layer-2 market.

A bipartisan group of US lawmakers introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act, or PARITY Act, directing the Internal Revenue Service to study potential tax exemptions for small cryptocurrency transactions.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Block Earner became the first crypto-focused platform in Australia to receive an Australian Credit Licence from Australian Securities and Investments Commission, allowing it to directly offer regulated lending products backed by digital assets.

UK Chancellor of the Exchequer Rachel Reeves is set to announce a package of measures, dubbed "Great British Summer Savings," in an effort to ease cost-of-living pressures made worse by the Iran war. Bloomberg's James Woolcock reports.

Dubai Government introduced a new initiative allowing cryptocurrency payments for government fees as the emirate accelerates efforts to expand blockchain adoption and digital financial infrastructure.

Indonesian President Prabowo Subianto has announced the creation of a new state entity under sovereign wealth fund Danantara to oversee commodity exports. Sources tell Bloomberg the move has shocked even some of the president's own officials.

South Korea will allow 24-hour trading of the Korean won from July 6, giving approved foreign financial institutions unrestricted access to the currency market beyond traditional Seoul business hours.