Crypto Breaking News

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

Zcash surged more than 70% over the past week as crypto traders renewed interest in privacy-focused digital assets amid growing concerns around surveillance and artificial intelligence.

Alexandra Ivanova, fund manager at Invesco Asset Management, discusses the outlook for credit markets and where she sees opportunities. "Software has been one of the big underperformers," Ivanova tells Bloomberg Television. "There are places there that I think there are resilient businesses."

Amazon Web Services said it was working to restore normal operations after overheating issues at a Northern Virginia data centre disrupted services for Coinbase and other major online platforms.

Vale's CFO Marcelo Bacci says strong demand from China is keeping the iron ore market resilient. The Brazilian iron ore producer reported disappointing first-quarter results. In an interview on Bloomberg's "The Pulse with Francine Lacqua" on May 6, Bacci also warned that the inflationary impact of a prolonged conflict in the Middle East would end up eroding demand.

Commerzbank CEO Bettina Orlopp discusses the company's performance as the lender lifted its guidance for profit this year and outlined more job cuts. Orlopp also discusses the hostile takeover attempt by UniCredit, saying it would put a lot of revenue at risk. She speaks on Bloomberg Television.

Core Scientific reported a $347.2 million first-quarter net loss as the company accelerated its transition from Bitcoin mining toward AI-focused infrastructure and colocation services.

Researchers at IMDEA Networks Institute said several leading AI chatbot platforms were transmitting user-related data to third-party advertising and analytics services linked to companies including Meta, Google and TikTok.

Zama said its full confidential blockchain protocol stack is now live and available for integration as the company pushes fully homomorphic encryption technology deeper into public blockchain infrastructure.

Crypto industry political spending has surged to record levels ahead of the 2026 US midterm elections as major digital asset firms intensify efforts to shape future regulation in Washington.

Polling analyst and Conservative Party peer Robert Hayward says early indications following UK local elections show the results are "as bad as people were predicting for Labour", but London so far appears to be the one exception. Early results suggest a "great night for Reform", according to Hayward. But a full picture of the results might not come into focus until late in the UK day. In an interview on Bloomberg Daybreak Europe, Hayward said it will be a "summer of discontent" for Labour as they argue over whether or not to replace Prime Minister Keir Starmer. He added that he "wouldn't be at all surprised" if this happened over the next few months.

Record foreign outflows and surging energy costs are battering India's economy and the rupee. While geopolitical tensions drive crude prices higher, some sectors show resilience amid the volatility. Lakshmi Iyer of Bajaj Finserv joined Haslinda Amin on Insight to discuss why market corrections offer opportunities and where she sees value in alternatives.