Crypto Breaking News

South Korean police have reportedly raided crypto exchange Bithumb as part of an expanding investigation into allegations that independent lawmaker Kim Byung-gi used his political influence to secure employment opportunities for his son at cryptocurrency firms.

Democratic Rep. Raja Krishnamoorthi of Illinois says President Trump should pull Bill Pulte as acting director of national intelligence to save FISA, warning he does not see Democrats backing reauthorization if Pulte remains in the position. The House Intelligence Committee member also discusses OpenAI, AI regulation, US-China tech competition and the Iran conflict with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power."

Mitchell Modell, former CEO of Modell's Sporting Goods and partner at Versa NYC, discussed the significant economic impact the New York Knicks have on the city, especially during the NBA Finals. Modell described the intense excitement and high demand for bar space surrounding the games. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

OpenAI filed confidentially for an IPO with the SEC, working with Goldman Sachs Group and Morgan Stanley on a potential listing. Romaine Bostick reports on "Balance of Power."

Alex Lasry, Chief Executive Officer of the NYNJ Host Committee for the FIFA World Cup 2026, says the region is ready for the tournament and contingency plans are in place for any transportation issues that arise.

Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), and will end the UK company's near-century listing on the London Stock Exchange. Ingredion Chief Executive Officer James Zallie says the US company paid a "fair" premium and this deal creates an ingredients "powerhouse." He speaks on "Bloomberg The Close."

Jonathan Golub of Seaport Global Holdings says "earnings are absolutely on fire," and valuations are lower almost everywhere. He speaks on "Bloomberg The Close."

Gustavo Pimenta, CEO of Vale, says that conflict with Iran has not impacted global demand for metals from the top iron ore producer. Pimenta also discussed the impact of the war on its sites in Oman, saying that he remains optimistic about the facility's future despite having to shut down production during the conflict.

Andrew Chanin, co-founder and CEO of ProcureAM, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the SpaceX IP0 and how it has inspired investor interest in the Space ecosystem.

Bloomberg Intelligence's Athanasios Psarofagis joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the growing population of zombie ETFs, which are defined as funds that are at least three years old and manage less than $50 million.

Morris Chen, portfolio manager CBMS/CRE debt at DoubleLine, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the evolution in the financing market, the bifurcated recovery of the commercial real estate market, and the risks investing in data centers.

Perth Tolle, founder of Life + Liberty Indexes, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the rising costs in the ETF industry for investors as Fidelity's fees come into focus.