Bitcoin to $10,000 a 'Faustian Bargain': Bloomberg's Top Strategist Updates BTC Price Outlook
While stocks hit record highs, Bloomberg’s McGlone breaks down why Bitcoin risks a drop to $10,000.
U.Today•Gamza Khanzadaev16 AugBloomberg — page 7
Organization · 234 articlesCoverage, page 7
page 7 of 12U.Today•Gamza Khanzadaev16 Aug
US inflation remains above Fed target, rate cuts unlikely soon: Bloomberg
Persistent inflation above target suggests prolonged cautious Fed policy, impacting economic growth and market stability expectations.
CryptoBriefing•Estefano Gomez15 Aug
Anthropic in talks to acquire Decart AI for $6B: Bloomberg
Anthropic's potential acquisition of Decart AI could significantly boost its market position and technological capabilities, impacting AI industry dynamics.
CryptoBriefing•Estefano Gomez14 Aug
RedotPay US IPO delayed as $473M Binance lawsuit adds pressure
RedotPay has reportedly delayed a planned US initial public offering that could raise more than $1 billion as the Hong Kong stablecoin payments company works through regulatory approvals and legal disputes while preparing to enter the US market. Bloomberg reported…
RedotPay said to put $1 billion U.S. IPO plan on hold: Bloomberg
CoinDesk•Olivier Acuna14 Aug
Fed rate pause was the right call, Goldman’s Kaplan says
Goldman Sachs Vice Chairman Robert Kaplan has backed the Federal Reserve’s 9–3 decision to keep interest rates at 3.50%–3.75% in July, arguing that policymakers needed more time to assess inflation before acting. Why Kaplan supports the Fed rate pause Bloomberg…
Fed July rate hold was ‘absolutely’ right, Kaplan says
Goldman Sachs Vice Chairman Rob Kaplan has backed the Federal Reserve’s 9–3 decision to hold interest rates at 3.50%–3.75% in July while urging policymakers to keep their options open before September. Why Kaplan supports the Fed’s July rate hold Bloomberg…
Wintermute plans $1 billion AI push beyond crypto: Bloomberg
CoinDesk•Francisco Rodrigues12 Aug
Bitwise Cuts 14% of Its Workforce While CEO Predicts Future Growth
Bitwise Asset Management now employs around 155 people after cutting about 14% of its workforce amid a crypto market downturn. The reduction takes the San Francisco firm down from a headcount of nearly 180. Bitwise Trims Workforce to 155 as Crypto Market Weakens According to Bloomberg, Chief Executive Hunter Horsley said that even after the
BeInCrypto•Kamina Bashir12 Aug
Anthropic Signs Huge Data Center Deal With Bitcoin Miner Riot Platforms
A big data center lease just sent Riot Platforms shares soaring, after Bloomberg named the undisclosed tenant as Anthropic.
Report: Air Canada Selling $2 Billion Aeroplan Stake To Blackstone
Bloomberg is reporting that that Air Canada is nearing a deal to sell a minority stake in its frequent flyer program to Blackstone, in order to fund new planes, aircraft interiors, etc. Will this have any implications for program members?
One Mile at a Time•Ben Schlappig11 Aug
Blackrock Cuts IBIT Bitcoin Conversion Minimum From $25M to $1M
Blackrock has slashed the in-kind conversion minimum on its iShares Bitcoin Trust (IBIT) to $1 million, a 96% cut from the prior $25 million threshold, opening the fund’s redemption mechanism to a far wider pool of investors. Mitchnick Confirms the Change Robbie Mitchnick, Blackrock’s head of digital assets, disclosed the change during a Bloomberg Television […]
Bitcoin.com News•Shiraz Jagati11 Aug
Riot Platforms signs $9.1B AI deal reportedly with Anthropic
Riot Platforms signed a $9.1B Texas data center lease for 191 MW, with Bloomberg identifying Anthropic as the unnamed frontier AI tenant.
SEC proposal may mask sales drops more than gains, Bloomberg analysis finds
The SEC's proposal could obscure financial declines, potentially increasing risks for investors and reducing market transparency and liquidity.
CryptoBriefing•Editorial Team10 Aug
Robinhood rolls out crypto trading in UK with more than 50 assets
Robinhood has begun offering cryptocurrency trading to eligible UK customers, giving users access to more than 50 digital assets through Bitstamp inside its main investing app. According to a Bloomberg report, the rollout starts this week and brings crypto trading…
Shein valued at $22B to $25B ahead of major IPO: Bloomberg Intelligence
Shein's IPO highlights the volatility and challenges in the fast-fashion sector, impacting investor confidence and future market strategies.
CryptoBriefing•Editorial Team10 Aug
European Stock ETFs Post First Positive Month Since the Iran War Started
European stock exchange-traded funds (ETFs) recorded a month of positive net flows in July, their first since the US-Iran conflict began in late February, according to Bloomberg data. The return of capital signals renewed investor appetite for the region. A strong earnings season and easing oil prices have restored Europe’s appeal as a hedge against
BeInCrypto•Kamina Bashir9 Aug
The US Magnificent 7 Stocks are Losing Wall Street Interest
Monthly mentions of the Magnificent Seven (Mag 7) in Bloomberg Terminal news stories have fallen roughly 70% from their Q1 2024 peak. This points to a notable shift in investor attention away from the megacap technology group. Magnificent 7 Mentions Fall to Lowest Level Since Late 2023 The Kobeissi Letter highlighted the decline in a
BeInCrypto•Kamina Bashir9 Aug
Bitcoin, ether ETFs draw $1.1 billion in best inflow week since April, despite low volume
Bloomberg analyst Eric Balchunas tied the run to the Coldcard wallet exploit, noting several Bitcoin funds have drawn inflows daily since the hack.
The Block•Zack Abrams8 AugBitcoin, ether ETFs draw $1.1 billion in best inflow week since April, despite low volume
Bloomberg analyst Eric Balchunas tied the run to the Coldcard wallet exploit, noting several Bitcoin funds have drawn inflows daily since the hack.
The Block•Zack Abrams8 Aug