Crypto Breaking News

Oil briefly dips below $100 as markets react to renewed hopes of a US, Iran deal. Bloomberg's Mia Gindis breaks down why traders may be overreacting, how thin market participation is distorting prices, and why even a diplomatic breakthrough will not fix supply overnight.

US Trade Representative Jamieson Greer says he expects the European Union to keep "its side of the trade deal" that was agreed to in July. The EU has not ratified the package yet. Greer also says President Donald Trump will discuss China's purchases of Iranian oil when he meets with Xi Jinping next week. Greer speaks on "Bloomberg Surveillance."

US President Trump and Chinese President Xi will discuss China's purchases of Iranian oil, Trade Representative Jamieson Greer said on "Bloomberg Surveillance." The two leaders are scheduled to meet in Beijing on May 14 and 15.

The US Treasury anticipates keeping nominal note and bond sale sizes unchanged "for at least the next several quarters," the department said in a quarterly statement on debt policy Wednesday. Michael McKee reports on Bloomberg Television.

Walt Disney Co. beat Wall Street expectations in the fiscal second quarter thanks to improved profitability at its streaming business, new movies, and guests spending more at the company's resorts and on cruises. Geetha Ranganathan of Bloomberg Intelligence has more.

Stephen Schork, principal and editor at The Schork Group, explains how a potential deal to end the Iran war can impact the global oil market and why US gasoline prices are unlikely to reach $5 a gallon.

The Japanese yen surged about 1.8% in the span of a half hour during the afternoon of the Asia session and topped 155.04 per dollar, renewing speculation that the country is intervening in the market. The currency later pared some of the advance. David Savage reports on Bloomberg Television.

Sam Lynton-Brown, head of global macro strategy at BNP Paribas Markets 360, discusses the economic situation in the United Kingdom. Speaking on Bloomberg Television, he says BNP is not expecting UK long-term borrowing costs to go higher following the yield on 30-year gilts' jump to 5.78% earlier in the week. "We think that's actually one of the DM bond markets that should be a little bit more insulated given how cheap valuations already are," Lynton-Brown says.

African ports are struggling to capitalize on a surge in shipping traffic as the Middle East conflict disrupts other key global trade routes. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains on Horizons Middle East & Africa.

Law enforcement has frozen more than $41 million linked to suspected crypto Ponzi scheme BG Wealth Sharing, which is believed to have caused losses exceeding $150 million.

Anchorage has launched an “agentic banking” platform enabling AI agents to access and move funds across traditional finance and crypto systems without human intervention.

Gustavo Petro said Colombia’s Caribbean coast could become a hub for Bitcoin mining by leveraging the country’s surplus renewable energy.