Crypto Breaking News

Powerlaw, a closed-end fund that owns stakes in Elon Musk's SpaceX and artificial intelligence firm OpenAI, traded well above the value of its underlying investments in its debut, capitalizing on retail investors' clamor for exposure to the hottest private tech companies. Bloomberg's Anthony Hughes and Mike Dinsdale, CEO at Powerlaw join to discuss Powerlaw's platform allowing exposure to private tech companies as well as the IPO enviroment.

Bloomberg's Monique Mulima joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Robinhood said it's cutting 10% of its workforce, a reduction of around 300 positions, to "remain lean and disciplined" as it develops new products. Also, Strategy purchased 1,587 bitcoin tokens from June 8 to June 14 for aggregate purchase price of $100m

Brent oil fell below $80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts and regional benchmarks collapsing. Gasoline prices are also falling. Bloomberg Mike McGlone joins to discuss.

Bloomberg has learned what the US could give Iran if it agrees to a memorandum of understanding to end the conflict. The deal is expected to be signed on Friday. Bloomberg's Nick Wadhams has all the details.

Key lawmakers, including Senate Majority Leader John Thune, remained in the dark on Tuesday on the specifics of the so-called memorandum of understanding, a 14-point document that should lead to a two-month ceasefire extension and the start of negotiations over Iran's nuclear program. Several said they expect to see the document in the coming days as the two countries prepare to sign the agreement in Geneva on Friday. Congresswoman Jennifer McClellan, Democrat representing Virginia's 4th District joined Balance of Power to discuss.

Benjamin Netanyahu's relationship with Donald Trump has become a liability due to the US president's deal with Iran, which much of Israel opposes. Michael Oren, former Israeli ambassador to the US, joined Balance of Power and he said Israel wasn't consulted on the interim deal between the US and Iran and will continue to do what's necessary to protect itself

Sara Araghi, portfolio manager at Franklin Templeton - which backed SpaceX long before its IPO - says SpaceX cementing its $60 billion takeover of Cursor so quickly "makes sense" considering the company's AI ambitions. She joins Ed Ludlow on "Bloomberg Tech."

The World Cup is shaping up to be one of the biggest betting events of the year. David Katz, analyst at Jefferies, joins "Bloomberg Open Interest" from the Jefferies Consumer Conference in Nantucket to discuss the betting boom. Correction: This video has been edited to update a graphic with correct analyst disclosures.

Shaun Maguire, Sequoia Capital Partner and SpaceX investor, joins to discuss SpaceX's IPO and what it means for venture capital investing, SpaceX's plans for orbital data centers and his thoughts on upcoming mega-AI IPOs. Sequoia owns just under 1.5% of Elon Musk's company. He sits down with Ed Ludlow on "Bloomberg Tech."

Andrew Hollenhorst, Citi Research chief US economist, says the recent decline in oil prices has shifted the inflation outlook from an upside risk to a deflationary pressure which could lead to a dovish stance at the Federal Reserve's next meeting. He speaks on "Bloomberg Surveillance."

Stanford Management Company CEO Rob Wallace discusses his views on the US economy, and the challenges of managing a $50 billion portfolio for Stanford University's endowment. He joins David Rubenstein on this week's episode of Bloomberg Wealth. The interview was recorded April 9 in Palo Alto, CA.

Royal Bank of Canada Chief Executive Officer Dave McKay says it's "unbelievable" how fast artificial intelligence is training staffers. He says the technology is also making workers more efficient. He spoke to Lisa Abramowicz on Tuesday at a Bloomberg Newsmakers event in Toronto.