Bloomberg News and Videos — Page 198

Ethan Vera, COO of Luxor Technology, joins Isabelle Lee on "Bloomberg Crypto." Many miners are shifting their focus to AI. More broadly, crypto firms are beginning to apply the infrastructure and market expertise they built around digital assets to AI, from converting mining sites into data centers to building markets for GPUs and computing power.

Gracy Chen, CEO of Bitget, joins Isabelle Lee on "Bloomberg Crypto."

Bloomberg Intelligence's Dushyant Shahrawat joins Isabelle Lee on "Bloomberg Crypto." Securitize debuts on the New York Stock Exchange this Thursday after investors approved its SPAC merger, which will make it one of the first publicly traded pure-play tokenization companies.

The "Southern squeeze" is affecting the South, where the cost of living is rising and overall wages are failing to keep pace, with median household income in the South being about $76,000, well below the national average. This is forcing residents and businesses to make tough decisions. Brett Pulley reports for us from Atlanta.

The best quarter in six years for stocks is ending on a positive note, with chipmakers extending their surge from war-driven lows and signs of economic resilience fueling optimism about corporate earnings. A rally that's added over $8 trillion to the S&P 500's value in three months powered ahead as data signaled strength in both jobs and consumer sentiment. Dan Suzuki, Global Investment Strategist at iCapital joins Bloomberg Businessweek Daily to discuss.

Robert DeNault, head of enforcement at Kalshi, joins Isabelle Lee on "Bloomberg Crypto." Last month the CFTC permitted the listing of perpetual futures on US exchanges. Kalshi's contracts were the first perpetual futures approved by the CFTC, marking an expansion beyond the company's core business of listing event contracts.

Bloomberg Intelligence's James Seyffart joins Isabelle Lee on "Bloomberg Crypto." Bitcoin's biggest institutional sources of demand are faltering at the same time, leaving the cryptocurrency increasingly exposed as ETF investors pull money at a record pace and questions persist over the financing playbook behind its largest corporate buyer.

A divided US Supreme Court upheld the constitutional right of birthright citizenship, rejecting President Donald Trump's planned restrictions and invalidating a central plank of his immigration agenda. Justices Clarence Thomas, Samuel Alito and Neil Gorsuch dissented. "National citizenship was not an independent concept but simply derivative of state citizenship. "Every citizen of a state," it was often said, was "ipso facto a citizen of the United States." In these contexts, too, national citizenship required domicile because state citizenship required domicile." Justice Thomas wrote. Elizabeth Wydra, President of the Constitutional Accountability Center joined Balance of Power to discuss.

Bloomberg's Monique Mulima joins Isabelle Lee on "Bloomberg Crypto." Michael Saylor's Strategy unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of aggressive accumulation.

Oil declined, with shipping traffic through the Strait of Hormuz picking up on hopes for a permanent US-Iran deal and a Wall Street bank issuing fresh warnings about a potential glut. Michelle Brouhard Head of Policy and Geopolitical Risk at Kpler joins to discuss.