Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

Take part in solutions driven discussions on how to drive business value and unlock opportunity

while remaining nimble in times of change and greater ESG accountability.

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

That's Bloomberg Live.com slash sustainable Biz Singapore.

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

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Hayden at Ludd Lo. I'm Caroline Hyde at Bloomberg's world's headquarters in New York.

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

Coming up, look Spotify, it slashes its workforce by 17%.

It submit the company's steepest job cuts this year will break down the

streaming services push to cut costs and drive profitability.

Plus the crypto rally gains steam as Bitcoin tops 42,000 US dollars for the first time since

April of 2022.

We'll discuss what it means for the digital currency ecosystem in today's VC spotlight.

And we sit down with the Oculus creator Palmer Lucky as his defense technology

startup Andoril invails a tiny reusable fighter jet to blow up drones.

All that and so much more ahead.

Let's get into these markets.

Look, we are in sell-off mode.

We're just hearing from Guy and Alex that basically

we're just getting back to the levels that we're out on

Thursday such has been the drive higher and risk assets of late. We're off by 1.1 percent.

...