Crypto Breaking News

Greater Manchester Mayor Andy Burnham won a decisive victory for the ruling Labour Party that delivers him a seat in Parliament and, with it, a pathway to challenge UK Prime Minister Keir Starmer for his job. Bloomberg UK Politics Reporter James Woolcock discusses what he expects to see from a potential leadership showdown in the UK.

UK government borrowing reached £23.3 billion in May 2026, exceeding official forecasts by £5.6 billion and highlighting mounting pressure on public finances.

The cryptocurrency derivatives market endured another sharp shakeout after more than US$361 million worth of long positions were liquidated within a 24-hour period.

Henna Virkkunen, EU's top technology official, & Executive Vice President sat down with Bloomberg's Tom Mackenzie on the sidelines of VivaTech in Paris to discuss EU AI regulation, cybersecurity risks, Europe's technological sovereignty, and reducing reliance on non-European technology providers in critical sectors. This interview occurred on Wednesday, June 17.

"We have an opportunity to turn the tide," Labour Party's Andy Burnham says at a rally in Makerfield. He speaks after a decisive victory in the by-election which secured him 54.8% of the vote.

Labour's Andy Burnham says there is a need to make "life more affordable." He speaks at a rally in Makerfield on Friday, after his decisive victory in the by-election which secured him 54.8% of the vote.

Bitcoin (CRYPTO:BTC) remained relatively stable despite a sharp decline in oil prices, with the cryptocurrency falling about 1% over the week compared with a 9% drop in Brent crude.

Goldman Sachs lowered its year-end gold price target to US$4,900 per ounce from US$5,400, citing expectations that the US Federal Reserve will not cut interest rates during 2026.

AllUnity introduced SEKAU, a Swedish krona-backed stablecoin issued under the European Union's Markets in Crypto-Assets Regulation framework.

Erik Wytenus, JPMorgan Private Bank EMEA head of investment strategy, discusses markets' reaction to Greater Manchester Mayor Andy Burnham's victory in the Makerfield special election. Speaking on Bloomberg Television, Wytenus says the market is attuned and prepared for the "era of fragmentation and political winds of change," adding that "focusing on what the private sector is doing on its own merits is typically the best way to invest."

TRON (CRYPTO:TRX) traded at approximately US$0.3198 with a market capitalisation of US$30.32 billion as investors monitored the network's expanding ecosystem and increasing corporate accumulation.

DAZN and ADI Predictstreet launched a free-to-play prediction experience within the DAZN streaming app, allowing fans to make real-time predictions during FIFA World Cup 2026 matches.