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Crypto Breaking News

Every story in this category, newest first.

Bloomberg

China Dominates Offshore Wind as Global Tensions Rise

While the US administration maintains its opposition to wind power, China is now installing nearly 75% of the world's new offshore turbines. From the South China Sea, Bloomberg's Stephen Engle reports on Ming Yang's new 50-megawatt floating turbine and how 45% lower pricing is securing China's lead in the global clean-energy race.

Read more: China Dominates Offshore Wind as Global Tensions Rise
Bloomberg

Market 'Yet to Fully Experience' Aluminum Shortfall from Iran, Says Timna Tanners

Shortfalls could persist longer than current expectations and drive up the price of aluminum as an impact of war with Iran says Timna Tanners, managing director of equity research for Wells Fargo. Tanners talked about the different impacts of the war on commodity prices, including copper which neared record highs on Tuesday due to a rise in demand from China and fears about supplies of sulfur in the Mideast.

Read more: Market 'Yet to Fully Experience' Aluminum Shortfall from Iran, Says Timna Tanners
Bloomberg

Anthropic in Talks to Raise $30 Billion in New Funding

Anthropic is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. Bloomberg's Kailey Leinz and Atlantic Council Geoeconomics Center Senior Director Josh Lipsky have more on "Balance of Power: Evening Edition."

Read more: Anthropic in Talks to Raise $30 Billion in New Funding
Bloomberg

CME to Create Futures Market for AI Computing Power

Bloomberg reporters Silla Brush and Katherine Doherty break down how US derivatives exchange CME Group index provider Silicon Data are teaming up to create a futures market for the computing power that backs artificial intelligence infrastructure. Brush and Doherty report that a futures market would functionally set a price for computing power and say that the move signals to the rest of the industry that it is set to be a 'serious asset class.'

Read more: CME to Create Futures Market for AI Computing Power