Crypto Breaking News

US-listed company Strategy (NASDAQ:MSTR) has identified the restoration of its preferred stock STRC to its US$100 par value as a top priority, viewing it as the critical step required to restart its Bitcoin (CRYPTO:BTC) acquisition and financing model.

Max Kettner, chief multi-asset strategist at HSBC, says the ``melt-up'' moment in tech stocks is set to swing momentum back to the hyperscalers. He speaks on Bloomberg Television's ``Surveillance.''

Morgan Stanley Chief US Equity Strategist Mike Wilson says investors are rotating out of some of the year's biggest winning technology trades. He says hyperscalers will stabilize and semiconductors stocks will correct. He speaks on "Bloomberg Surveillance."

Kelsey Berro, Fixed Income Portfolio Manager at JPMorgan Asset Management, discussed the Federal Reserve's monetary policy outlook, indicating that a rate hike in July is probably off the table and she expects the Fed to stay on hold for the year. Berro also says while the recent payrolls report suggests the labor market is stable, it's not going to decisively influence Fed decisions. She speaks on "Bloomberg Surveillance."

More than $2 trillion is being poured into the global arms race as nations attempt to be the first to master drones, hypersonic weapons, AI and other emerging technologies that may dominate future battlefields. Bloomberg's Gerry Doyle reports.

Ireland's technology sector, heavily exposed to US multinationals, is facing widespread AI-driven labor market disruption and declines in its high tech employment rates. Bloomberg's Olivia Fletcher has more.

Amundi Investment Institute Head Monica Defend explains where she sees value in the AI supply chain. "Industrial is going to be a key sector because of its weight on on the market and because this is the sector where we have the AI enablers," Defend tells Bloomberg Television. "This is where we think the value and the performance might come from."

Oil swung in a narrow range as flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Bloomberg's Stephen Stapczynski reports.

Businesses in South Africa are investing in renewable energy to protect against rolling blackouts and steep price increases from state-owned power utility Eskom Holdings. Bloomberg's Jennifer Zabasajja reports.

ABcripto, the Brazilian Cryptoeconomy Association, asked the Central Bank of Brazil to suspend a proposal that would impose a 24-hour delay on stablecoin transfers exceeding US$10,000.

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

Lighter's LIT (CRYPTO:LIT) token climbed more than 20% to US$2.60, its highest level since January, after the perpetual futures exchange announced a tokenomics update that introduces token burns and revises its staking reward model.