CryptoBreaking News

A South Korean court sentenced Delio CEO Jeong Sang-ho to seven years in prison for fraud linked to the company’s crypto investment operations.

Blockchain Association filed a brief supporting Custodia Bank’s appeal to the US Supreme Court over its bid for a Federal Reserve master account.

BitMine Immersion Technologies projected up to US$257 million in annual staking income from its Ethereum (CRYPTO:ETH) holdings.

Bitcoin (CRYPTO:BTC) miners are increasingly expanding into AI and high-performance computing data centres to find new revenue sources.

Former NBA champion Tristan Thompson said he buys Bitcoin (CRYPTO:BTC) every day and treats it as a long-term investment.

Robin Tsai, Managing Partner at VMG Partners, discussed the recent uptick in consumer space IPOs following notable debuts like Jersey Mike's and Reformation. He outlined VMG Partners' investment strategy, which focuses on established consumer brands with existing revenue, scale, and profitability, rather than early-stage ventures. He speaks with Romaine Bostick on "The Close."

Anant Bhalla, CEO of 1823 Partners and Chief Investment Officer at JAB Holdings, discussed the strategic integration of insurance businesses within private markets to enhance liquidity and return cash to clients. He highlighted the complementary nature of consumer and insurance businesses in varying interest rate environments, with insurance thriving when rates are higher. He speaks with Romaine Bostick on "The Close."

Naveen Jaggi, President of Retail Advisory Services at JLL, discusses the recent easing of inflation and its impact on retail demand, highlighting a notable rebound in the second quarter. Jaggi points out that malls, after a decade of closures, are seeing renewed interest, particularly among younger consumers embracing 'mall maxing.' He speaks with Romaine Bostick & Isabelle Lee on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.

Bobby Sharma, Founder and Managing Partner at Bluestone Equity Partners, discussed the recent $12.5 billion valuation of the Los Angeles Lakers, highlighting the extraordinary price and the broader trend of sports becoming institutionalized investment assets. Sharma emphasized that the Lakers represent a unique global intellectual property asset, far beyond a local community team, which justifies a scarcity premium. He speaks with Romaine Bostick & Isabelle Lee on "The Close."

Bloomberg's Paula Seligson said that specific subsets of the software industry are especially at risk from the 'SaaSpocalypse' the selloff of companies based around 'software-as-a-service as artificial intelligence replaces software functionality for things like data visualization. Seligson said that right now investors are trying to figure out the reality of the risk around the 'SaaSpocalypse' and which companies most vulnerable.

Gargi Chaudhuri, chief investment and portfolio strategist, Americas at BlackRock, and Matt Wrzesniewsky, head of fixed income client portfolio management at Vanguard,  join Emily Graffeo on "Real Yield."