Crypto Breaking News

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

Bitcoin's recovery from last week's sharp selloff triggered a major short squeeze, wiping out approximately $504 million in bearish positions over 24 hours as traders betting on further declines were caught offside.

Founders Forum Group CEO Carolyn Dawson speaks to Bloomberg's Tom Mackenzie to kick off a big week of tech events in London. She joined Bloomberg Daybreak Europe.

XRP has rebounded from four-month lows after buyers stepped in around the $1.09 level, helping the token recover from one of its steepest declines of the year while broader market sentiment remains fragile.

Maelstrom co-founder Arthur Hayes has exited his position in Worldcoin just days after his venture capital firm highlighted the token as one of the strongest ways to gain exposure to upcoming artificial intelligence-related initial public offerings.

DWF Labs founder Andrei Grachev has warned that the growing concentration of Bitcoin and Ethereum in the hands of publicly listed companies could create the conditions for the largest crash in crypto market history.

South Korea's stock market suffered one of its sharpest declines in recent months on Monday after the benchmark KOSPI fell more than 8% within the first 20 minutes of trading, triggering a circuit breaker and temporarily halting market activity.

Long-time Bitcoin critic Peter Schiff has unexpectedly sided with the crypto industry by rejecting calls from Jamie Dimon to subject stablecoin issuers to the same regulatory framework as traditional banks.

Decentralised derivatives platform Hyperliquid is facing increasing regulatory scrutiny after Britain's Financial Conduct Authority warned that the exchange and the Hyper Foundation may be providing or promoting financial services in the UK without authorisation.

Intesa Sanpaolo offered to buy Banca Monte dei Paschi di Siena for 30.6 billion ($35.3 billion). The Milan-based bank will offer 1.6 of its own shares and 1 in cash for each Monte Paschi share. The bid comes the day after Banco BPM pitched its own merger with Monte Paschi, considered to be the world's oldest bank. Bloomberg's Manuel Baigorri reports.

Solana co-founder Anatoly Yakovenko has publicly rejected Senator Bernie Sanders' warning that artificial intelligence and robotics could destroy millions of American jobs, reigniting debate over automation, wealth creation and the future of work.

Real-world asset tokenisation platform Securitize has cleared a major regulatory hurdle on its path to a New York Stock Exchange listing after the US Securities and Exchange Commission declared its S-4 registration statement effective.