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From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Edna Ludd Lubb. I'm going to And Caroline Hyde at Bloomberg's world headquarters in New York.

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

Coming up, crypto assets, they surge as a court overturns the SEC and

paves the way for the first US Bitcoin E.T. We'll keep you covered throughout the hour.

Plus we'll bring you the latest from the earnings front as China's PDD surges

middle revenue B and Jaalmi tops profit estimates. More ahead.

An Apollo I.O. Raises $100 million to reach a $1.6 dollar valuation and up round. We'll sit down

with the CEO later this hour to discuss but first well let's hone in on what has

been the story of the last hour and Bitcoin surging that sudden move to the upside. We're back in that

$27,000 range on the ogy of the crypto space up 5.6 percent. Why? Because it

seems as though this federal court has gone against the grain of the SEC has decided

that maybe we can carve away for a spot Bitcoin ETF. This is all about the

gray scale ruling ed. Yeah and we're also seeing that unsurprisingly play out in crypto-related stocks.

Coinbase, for example, jumping by the most in more than six weeks.

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