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Users lending funds through DeFi borrowing markets on EVM chains and Solana lost roughly $3 for every $10,000 deposited over the past 12 months, according to analysis compiled from DefiLlama data.
SBI Securities and Rakuten Securities are preparing cryptocurrency investment trusts that would allow retail investors to gain exposure to bitcoin and ethereum through standard brokerage accounts, according to a Nikkei Asia survey published Sunday.
Iran’s Ministry of Economic Affairs and Finance reportedly launched Hormuz Safe on May 16, offering bitcoin-settled maritime insurance for cargo transiting the Persian Gulf and Strait of Hormuz.
Catch up on all the headlines with BTW. Lisa Mateo, Christina Ruffini, David Gura and special guest Brutus the dog, dive into the headlines you may have missed on Bloomberg This Weekend. Watch the show LIVE every Saturday and Sunday morning.
The Republican-led Congress, faced with deepening economic discontent exacerbated by President Donald Trump's Iran war, is struggling to find consensus on any plan to address the cost of living with less than six months before midterm elections. Frustration is building among vulnerable GOP lawmakers and moderates who say the party is wasting valuable time on issues that aren't resonating with Americans while ignoring the concerns about prices and inflation dominating the campaign trail. Bloomberg's Balance of Power's Kailey Leinz and Joe Mathieu hit the road to preview elections in Georgia.
Rep. Yvette Clarke, Chair of the Congressional Black Caucus, joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend fro a wide-ranging conversation following a Supreme Court ruling that struck down Louisiana's second majority-Black congressional district.
US President Donald Trump said he discussed guardrails on artificial intelligence with Chinese leader Xi Jinping, while adding that Nvidia Corp.'s H200 chips also came up during a two-day summit in Beijing. Meanwhile, investors will eagerly be awaiting earnings results from chip giant Nvidia, the world's largest company by market capitalization, for signs of how much momentum the artificial intelligence rally has left in it after a bout of jitters. Bloomberg Tech co-host Ed Ludlow joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend to discuss.
Author Theo Baker joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend to discuss his new book "How to Rule the World: An Education in Power at Stanford University," chronicling the prize-winning reporting he did for Stanford Univeristy's student newspaper -- reporting that led to the resignation of the university's president.
New York City's effort to close a multibillion-dollar budget gap has triggered a high-profile clash between Mayor Zohran Mamdani and Wall Street leaders, including Citadel founder Ken Griffin. Mamdani's proposed "pied-à-terre" tax on luxury second homes has become a flashpoint in a broader debate over whether the city should raise more revenue from wealthy residents or focus on restraining spending growth. Wall Street veteran Whitney Tilson, Partnership for New York City CEO Steve Fulop, and real estate executive Ruth Colp-Haber all warn that messaging matters when competing for businesses and high earners, even as supporters argue the existing property tax system places much of the burden on middle-class property owners and commercial real estate owners. The dispute highlights a larger challenge facing New York: balancing its books while remaining attractive to workers, investors, and employers.
For decades coincidentally, at least since the Iranian Revolution and hostage crisis of 1979-80 the price at the pump has been a crucial lens through which Americans judge a president's success or failure. In this conflict, the impact on gasoline prices matters more to individual Americans than the broader military campaign, the removal of Iran's enriched uranium, or sending in ground troops. Bloomberg News Senior US Oil Reporter Kevin Crowley tells Christina Ruffini and David Gura this morning on Bloomberg This Weekend, it's not going well.
President Donald Trump's latest financial disclosures show that he or his investment advisers made more than 3,700 trades in the first quarter, a flurry totaling tens of millions of dollars and involving major companies that have dealings with his administration. Bloomberg News Senior Equities Reporter Jess Menton joined joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend to discuss.
Financial Times columnist and coauthor of the new book "How to Win a Trade War" Soumaya Keynes joined Bloomberg This Weekend to discuss the evolving nature of global trade conflicts. Keynes suggests to hosts David Gura and Christina Ruffini that rather than trying to "win" a trade war, the goal should be to minimize economic damage.
