Crypto Breaking News

Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, managing director in the technology investment banking group at Piper Sandler, discusses the market moves with Caroline Hyde on "Bloomberg Tech."

Alan Schwartz, executive chair of Guggenheim Partners, discusses surging US power demand from electrification and AI, arguing data centers and hyperscalers should be seen as partners in lowering long term electricity costs. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Schwartz also addresses the recent concerns about the private credit market.

Jack Mallers, co-founder and CEO of Twenty One Capital, joins Tim Stenovec on "Bloomberg Crypto." Tether has proposed that Twenty One Capital merge with Strike, a crypto trading and spending platform, and Elektron Energy, a Bitcoin mining firm, at a time when Twenty One Capital's main business of investing in Bitcoin has fallen out of favor.

Sandy Kaul, head of innovation at Franklin Templeton and Denelle Dixon, CEO of Stellar Development Foundation, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." The firms recently marked the five year anniversary of the Franklin OnChain US Government Money Fund (Ticker: FOBXX). The suite of tokenized funds recently reached $2 billion in assets.

Bloomberg's Emily Nicolle joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." Crypto exchange Coinbase will cut around 14% of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence.

President Donald Trump spoke to reporters about the latest on the Iran "skirmish." He reiterated US economic success, that Iran cannot have a nuclear weapon and the relationship with China. US Defense Secretary Pete Hegseth also emphasized that the US is ensuring control of the Strait of Hormuz.

Apple has held exploratory talks about using processors from Intel and Samsung in the iPhone maker's devices. Bloomberg's Mark Gurman explains why Apple is looking for a secondary option beyond longtime partner Taiwan Semiconductor Manufacturing. He joins Caroline Hyde on "Bloomberg Tech."

Robinhood CEO Vlad Tenev discusses growth of the company's prediction markets and the firm's involvement in Trump Accounts for children.

Steven Mnuchin, founder of Liberty Strategic Capital and former US Treasury Secretary, says he supports the proposal released by the Securities and Exchange Commission that will allow US companies to choose to report earnings semiannually. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Mnuchin also comments on the economic impact of AI, the conflict in Iran, the federal budget deficit and Federal Reserve monetary policy.

PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter, as new Chief Executive Officer Enrique Lores seeks to reduce costs and turn around the payments company. PayPal employed around 23,800 people at the end of the year, meaning a workforce reduction of that size could eliminate more than 4,500 jobs. It's part of the company's plan to realize at least $1.5 billion in savings over the next two to three years, according to a statement Tuesday.  Bloomberg's Diksha Gera joins Bloomberg Intelligence to discuss.

Crypto exchange Coinbase Global Inc. will cut around 14% of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence. Around 700 employees will be affected by the changes, with cuts expected to happen mostly in the second quarter, and the company expects to incur as much as $60 million in restructuring expenses. Bloomberg's Paul Gulberg joins Bloomberg Intelligence to discuss.

US companies could choose to report earnings semiannually instead of quarterly under a proposal released by the Securities and Exchange Commission. Bloomberg Intelligence's Nathan Dean has more on "Bloomberg Crypto."