Cryptous

Wendy’s exploded up to 42% intraday on June 24, halting for volatility after a viral WallStreetBets post called on traders to “save Wendy’s before it’s too late.”

• Grayscale linked Bitcoin’s long-term outlook to Federal Reserve interest-rate policy, arguing that lower rates could support demand for digital store-of-value assets. 
• The theme connects several major crypto assets through monetary policy, institutional investment flows and growing adoption of exchange-traded products. 
• Persistent inflation, regulatory uncertainty and the risk of higher-for-longer interest rates remain key challenges for the sector. 

JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.

• Kraken’s FIFA World Cup sponsorship coincides with prediction market trading volumes surpassing US$2 billion across football-related contracts. 
• Sports forecasting activity is being concentrated in blockchain-based and regulated event markets, led by Polymarket and Kalshi. 
• Regulatory uncertainty around prediction markets remains the key challenge as platforms expand into mainstream sporting events. 

• Jabil’s Q3 fiscal 2026 revenue reached $8.8 billion, with management signaling strong future demand for AI-native infrastructure and cooling systems.
• The company reported U.S. GAAP operating income of $445 million and core diluted earnings per share of $3.16, as it pivots toward high-speed AI interconnects.
• The broader sector faces a structural shift as contract manufacturers race to expand domestic capacity for power-intensive, liquid-cooled data center hardware.

US Commerce Secretary Howard Lutnick outlined concerns to ASML's senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions. ASML has pushed back on Lutnick's suggestion, explaining that none of its extreme ultraviolet lithography machines are in China, according to people familiar with the talks. Bloomberg's Neil Campling reports.

Traders piled into betting on interest-rate hikes as soon as next month after Federal Reserve Chairman Kevin Warsh clear the central bank won't tolerate high inflation. The hawkish message was driven home by the projections of individual Fed members. Bloomberg's Alister Bull reports.

French President Emmanuel Macron led talks with Group of Seven leaders and tech executives on Wednesday to explore how to deploy the most advanced artificial intelligence models through so-called trusted partners. Speaking at a news conference in Evian, Macron warned of the dangers of cutting-edge AI models falling into the hands of "authoritarian regimes."

Ian Lyngen, head of US rates strategy at BMO Capital Markets, discusses what to expect from the Federal Reserve's first policy decision under Chair Kevin Warsh. "The energy shock remains extremely topical for monetary policymakers and will probably ultimately drive the tone of what we hear from Warsh," he tells Bloomberg Television.

A US$245 million bitcoin social‑engineering scam allegedly run by teenager Veer Chetal — who is accused of tricking a Washington man into handing over 4,100 BTC — led to a brutal kidnapping plot against his parents.