Bloomberg Markets European Open kick starts the trading day, breaking down what’s moving markets and why. Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss.
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.
I Love Wine transports you to the best winemaking regions of the world
UK Auto Industry Calls for Government Help With Energy Costs
SocGen Blames Clifford Chance in $483 Million Gold Suit
Google’s Cloud Customers Will Learn Their Gmail Carbon Footprint
Michelin May Tranfer Russian Operations to Local Management
Microsoft Investors File Resolution Targeting Tax Practices
Ukraine Latest: At Least 18 Dead After Missile Strike on Mall
China Eases Travel Quarantine in Biggest Covid Zero Shift So Far
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood
Ludacris’ Manager And 2 Others Shot, 1 Fatally, in Georgia
Demand for $10 Million-Plus Homes Slows in New York, Hamptons
Gaming the Post-Peak Rates World Is No Easy Task
Don’t Be in the No Man’s Land Between Putin and the West
Ernst & Young IPO Will Create a Lot of Sour Grapes
Moving to Ban Juul, the FDA Delivers a Blow to Big Nicotine
Why You Should Quit Your Job After 10 Years
A Sci-Fi Novel’s Eerily Accurate Predictions About Today’s Tech
CVS, Rite Aid Ration Contraceptive Pills as Demand Surges
Massachusetts Touts Abortion-Rights Support as Lure to Employers
Maxwell Judge Lets More Accusers Speak Before Her Sentencing
Deaths, Costs of Climate-Linked Disasters May Be Grossly Undercounted
Italy’s Supercar Concerns Set Up EU Clash Over Auto Emissions
Singapore’s Surging Rents Shock Expats and Encourage Scammers
Amtrak Train Strikes Dump Truck, Killing at Least Three People
NYC Mayor Aide’s Private Schedule Reveals Glimpse Into Adams’s Priorities
Crypto Exchange CoinFlex to Issue Tokens After Withdrawal Freeze
Grayscale Bitcoin Trust Lines Up Jane Street, Virtu in ETF Bid
Crypto Broker Voyager Issues Notice of Default to Three Arrows
A market that has gone through several major downdrafts in its short life may be facing its biggest test yet.

For a generation of alienated techies, crypto's all-for-one ethos was its biggest draw. Now panic is spreading across this universe — and that same ethos is posing what may be the biggest threat yet to its survival.
What started this year in crypto markets as a “risk-off” bout of selling fueled by a Federal Reserve suddenly determined to rein in excesses has exposed a web of interconnectedness that looks a little like the tangle of derivatives that brought down the global financial system in 2008. As Bitcoin slipped almost 70% from its record high, a panoply of altcoins also plummeted. The collapse of the Terra ecosystem — a much-hyped experiment in decentralized finance — began with its algorithmic stablecoin losing its peg to the US dollar, and ended with a bank run that made $40 billion of tokens virtually worthless. Crypto collateral that seemed valuable enough to support loans one day became deeply discounted or illiquid, putting the fates of a previously invincible hedge fund and several high-profile lenders in doubt.


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