Ethereum builds quantum-safe roadmap with new hub
The Ethereum Foundation has launched a dedicated hub outlining its roadmap to protect the network from future quantum computing threats, as development efforts accelerate.
The Ethereum Foundation has launched a dedicated hub outlining its roadmap to protect the network from future quantum computing threats, as development efforts accelerate.
Circle shares fell sharply after the latest draft of the CLARITY Act targeted stablecoin yield, though analysts say the market reaction may be overdone.
Global markets swung sharply after Iran rejected a US-led peace proposal, reversing an earlier rally driven by hopes of a ceasefire in the Middle East conflict.
Bitcoin has outperformed traditional assets including equities and gold during recent US-Iran tensions, signalling a shift in how investors position during geopolitical stress.
Bitcoin has rebounded about 12% to $71,012 since the Iran conflict began, challenging its earlier weakness but failing to confirm a safe-haven role.
Bitcoin defended its $67,035 monthly open and pushed towards $72,000 after US President Donald Trump delayed planned strikes on Iran, triggering a broad risk-on move across markets.
Lloyd Blankfein, the former chairman and CEO of Goldman Sachs, remains wary of systemic "kindling" despite a banking sector that is currently better capitalized than in previous crises. In an interview with Bloomberg's Francine Lacqua, he weighs the "balancing act" of Donald Trump's policy outcomes against the unpredictability of the global energy supply. Blankfein warns that the long absence of a market reckoning has allowed private equity inventory to accumulate like tinder.
Vanguard Head of Fixed Income Client Portfolio Management Matt Wrzesniewsky discusses bonds losing more than $2 trillion as the war in Iran continues to cause ripples through markets. He talks with Katie Greifeld and Romaine Bostick on "The Close."
Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec.
OpenAI plans to discontinue its Sora AI video generator six months after the high-profile launch of a standalone app for the service, as the company works to simplify its portfolio of artificial intelligence products. The ChatGPT maker and Walt Disney Co. are also winding down their partnership, which had centered on Sora, OpenAI said Tuesday. Disney had previously agreed to license iconic characters including Mickey Mouse and Cinderella to OpenAI for use on Sora and to take a $1 billion stake in the startup. The deal was entirely in stock warrants rather than a cash licensing fee, Bloomberg has reported. Bloomberg News AI Reporter Rachel Metz joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.
The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that's wreaked havoc across the Middle East and global markets. "The United States has been engaged over the last three days in productive conversations," White House Press Secretary Karoline Leavitt told reporters on Wednesday. "You're beginning to see the regime look for an exit ramp." Bloomberg News Middle East Reporter Dan Williams joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.
BlackRock Inc.'s Rick Rieder says the Federal Reserve should cut interest rates, renewing his call for looser monetary policy. He speaks with Bloomberg's Julie Fine in Dallas.
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