this came after it plunged late last week after the tera stable client -- coin collapsed.bout $30,000, so does that show a level of resiliency when it comes to this cryptocurrency? su: that seems to be the word. the ceo of bytedance tweeted out that there is newfound resilience in the bitcoin market. and if we drop into the bloomberg, you might notice that past crashes, notably the crypto winter in 2018, saw bitcoin taking months if not years to see a bounceback. and yet now we are already back in the green, and a big difference we are seeing in this brisk bounceback, if you want to call it that, it is not just bitcoin in some old coins now moving higher. there's a lot more institutional investors, and they say these -- they see this pullback is a buying opportunity. green across the screen. that is crypto's recovery beginning on sunday. the total market value of digital currencies has dropped by about $350 billion, and bitcoin is still about 60% off its november all-time highs. there are a lot of challenges ahead, so crypto seems to have digested the worst of the terrausd

starting today, gas prom will stop supplying gas to the netherlands after dutch by a gas tera refused to pay in rubles. the russian state company says gas. tara says it already has contracts elsewhere for the 2000000000 cubic meters of gas. it was due to receive from gas from through october. now the european union has agreed to ban more than 2 thirds of russian oil imports a compromised deal exempting pipeline deliveries reached by leaders of the 27 mash nation block. is me a meant to punish russia for its invasion of ukraine? 3 months ago? european count. so chief shaw michelle says the move will target a huge source of financing for the invasion and put maximum pressure on president vladimir putin to end the war. the agreement also ban was russia's biggest lenders, burbank from the swift messaging system and sanctions, 3 state broadcast as well. joining me and asked you do is our reporter, cassandra, some to crate of you with us. just explain to us exactly what this compromise deal actually looks like. right. the oil embargo had been in talks for weeks and since it's 1st came about

we had the collapse of tera coin and people trying to raise $1 billion.ayhem when it comes to cryptocurrencies. we will continue to watch a little bit of rebound we are seeing in the asian session. plenty more to come. this is bloomberg. ♪ bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ >> there are a lot of things that are going on. a lot of disturbances around the world. but for us, it is really about focusing on our long-term strategy. >> has mortgage rates have gone up, and they still have further to go, clearly homebuyers are going to have to trade down to slightly lower price points. mo

teras. and over there, derina. >> elena lives in kyiv with her husband and their three children.y ukrainians, elena doesn't think russia will invade. >> you know, everybody right now is following the news in ukraine because basically we don't know what is going to happen. yes, and of course there is a lot of anxiety in the air because like right now, at this moment right now, today, everything is absolutely fine. but i don't know and nobody knows what's going to happen tomorrow. >> the routines of daily life in kyiv continue. in the afternoon, she takes her 4-month-old daughter, derina, to pick up her other kids at school. katya is 7, and horace is 5. as night falls, they head home. >> my neighbors are at home. it's not like everybody left kyiv because they are afraid of the russian attack. teras, hello. >> the kids tell elena their teachers have prepared a bomb shelter at school. >> everything is fine there. that's what they believe when they go to bed. >> my biggest wish is peace in ukraine. thank you for watching. have a peaceful day. good-bye. [ siren ] >> i tell you what, i

is that tera to use form it mes out? -- rdyea to use in the rmfo it comes out?ecos ouint he sets. wheill lift uedp and shoyow u how icqukly it a hllolds geth.er iskrten: w.ow veha these ms atbeense ud inny a recent o silpills inhe t bay area? >>e wactually are using them more and more. hean c just owsh you, lo aokt how that is. kristen: very absorbent. >>hi ts is a mchat he is nifishing, it has srtho haiwar s ufstf in between. u yocan see who much vig iort is -- thick ierts. i hair mats soakp ufive to vesen metis of the wirait and n casoak uphr tee to ni tneimes accdiorng toas nand a the uvenirsity of technology of the sneydy australiat iis doing a lot of resechar fors. u kristen: this is just so fascinatg,in did youay s it was used in the bay area? >> yes. we send thmae ts that ear used in the ocean, he arere ptuicres from 27 00whenhe ty washed up. wels ao, they getse ud in storm ains, they a greood at collecti lngitter anled aves as well awes ll as alofl t oheil that runsow dn whenai rn orog f mixes with oilpo sts on seetrt. that is the -- 50% of eth oil that

tera of a shell in a pontoon with armored vehicles going in a parallel course, one of the tanks lightsere, uh, tankers of three crews three and the fifteenth man stood tankers, he realized that now the tank would explode, all these tankers would die, and looking at this, he turns the raft and takes his side. and as soon as he set sail, he exploded tankers. during the day, the soviet information bureau, overcoming fire resistance and repelling enemy counterattacks, our troops cleared of the germans, the city area there of sins and captured the airport tupelku occupied by a wide-eyed radio station, the building of the x bank, the aircraft assembly plant, the electrical cable plant and other enterprises all the airfields of the capital of the reich are occupied by our army. and this means that the air is now completely in our hands. in the sky over berlin, our ground attack aircraft receive overwhelming superiority. however, despite the total dominance of soviet aviation in the air, the luftwaffe pilot today manages to slip into the center of berlin and land right next to the rich buildin

the russians , so, so, about 2 special operations to rescue foreign sailors, the service of the nika tera sea terminal, which is part of the port business, cruddf, evacuated 28 foreign citizens from blocked ships in the dnieper liman, the head of the boatman told the details of the crews of the ships found themselves in the blockade and under fire, risking their lives conducted a rescue operation at the terminal, for this they interacted with embassies to stop the genocide of ukrainians due to russian aggression, it is possible only by stopping sponsoring the war ukrainians called on businessmen who came to switzerland for the world economic forum in taos to stop doing business with russia, people went out on the street with posters urging them not to build business on blood and made a perfume. as svitlana prokopchuk saw everything, in the hands of the artist daria kolsova clay, the artist sculpts the head of dead children from the material they should remind everyone about the almost 300 little lives that were taken by the russians, the music is playing - it's my mother's when the villag

this is why tera had such a big impact. -- terra had such a big impact.acked by a lot of bitcoin that was apparently sold into it. it is viewed as an innovation experiment that went terribly arry. -- awry. >> time for morning cause ahead of the asian trading day. stock investors may be pessimistic when it comes to recession risks. there is a chance of recession in the near term. that is not being reflected in other parts of the market. that could actually give the stocks the boost they need to recover. most of them are pricing in the macro growth. they prefer developed market ks, especially in the u.s. and japan. let's look at this. they made some big asset shifts as u.s. stocks slumped. among the move, do you want saw a lot of struggling tech firms. jd.com was among his biggest holdings. let's bring in our guest. tiger global was in focus. what insight have we learned? i see what they did throughout the first quarter. >> it has been crazy volatile. tiger global was one of the hardest hit funds of april and then we got a glance into what they did in that

the new new different g, b, tera. them they may get down to, you know, some but the good good on lot of them are going to some of the going to london a lot of the sunday dinner on sunday. and then we want to go, you know, those got to do, you know, the, some love and live with the one of those on the model. pretty good because i'm going to and i was wondering when there's a, from the over there from her. but of the early, but if i'm going to leave you or just have another and they will it done. it done a good going if hello, like a dick. now the name, but i don't mean i'm going into the new the you are going to have your the learn a lot going on a lot of now there's another one. we're a little bit new. good. and we knew we live on to take so long that you could get lucky a comes up with people under to my paid that with a, a, a, a, a document, a bill doesn't matter. i feel could be a month and i get there a, a, a, a, a, a, a, a, or if medical you, me a boy or me a bit, then it was a lot of a. 2 a about about the money i'm no longer allowed to call this a . oh give it a little bit wha

their home officials say the cause of the fire is under investigation and at point it looks accidental tera campbell abc 7 news in the east bay of brush fire ignited yesterday in contra costa county. it's located just north of bay point near willow pass road crew say a set of train tracks acted as a barrier starting a separating a neighborhood in bay point from the fire. it started yesterday around nine in the morning and it continues to burn in a marsh area at last check. the fire was at 20 acres and cruise told us winds are pushing the flames. an event in the north page took a new approach to dealing with wildfire safety abc 7 quarter cornell bernard was at a wildfire prevention festival where the focus was on taking action to keep home safe. a band brought some good vibes during this free concert at marin civic center park, but music is only part of what's happening here is really the number one. the amber stomp festival a unique way to remind people that fire season is here with lots of expert advice on protecting property from wildfires the gutters as well. just keeping all combusting

> yes, some key context there i want to talk about what's going on in the stablecoin you have this terale have likened it to a digital run, of sorts. talk about how it. >> it's very much a test case. those who aren't familiar, they called it a stable coin, because it's pegged to the price of a dollar it should thoirl caddy be trading one to one with the dollar that's not the case. it fell below 50 cents, so the huge test case was the trust in that asset the reason why a lot of people were rushing in to buy this thing is because there was a 20% yield as an incentive, so not only is it a stable coin they say that's supposed to be pegged to the dollar, instead of being backed by commercial payment, by any short-term debt, this one was actually backed by bitcoin the whole theory when they were going to be buying $10 billion, and they have not been able to do that. they actually have been selling bitcoin into the open market they're scrambling right now, trying to figure out how to do emergency funding, come in and support this thing that was an economic experiment, and investors are worried

tera came to a teenage _ been an explosion at the arena.ying, small children, they all had their ariana grande ears on. we asked crying, small children, they all had their ariana grande ears on. we —— we were in the hotels, the staff are going in the toilets, asking for olivia, and it wasjust going in the toilets, asking for olivia, and it was just such a shock. people say the only way they can cope with it is to know that she had had such immense pleasure at watching an artist, that she'd be dancing and singing the songs. that she had come out still singing them and not knowing a hing about it and the light went out. to keep her legacy alive, her grandparents have been doing so much. just after atm, her grandfather willjoin us. we will go to the piazza where we will have the youth choir encore, which is acquire that olivia had with. this choir has brought so much joy to steve and olivia's grandparents. that catharsis that comes through with music, it brings people together. and he sings with them, alongside them. i can't imagine how much c

dagen: the tera u.s. dollar stable coin broke the buck last friday, it broke the buck.cents on the dollar. it's supposed to be peg to the dollar. as of yesterday it was backed 90 cents to a dollar but no one has any idea what caused it and how it works and how anybody keeps piling into the assets at this point -- i've had long conversations with people who know how to construct crypto currencies last night and they are frightened by it. >> well, with terra it was algorithm coin which a lot of people have been concerned about that for a while because they are slightly collateralized. janet yellen has been vocal in front of the senate talking about it yesterday. it's going to be big focus for the regulators. maria: we watched janet yellen yesterday and we have a lot of comments about that. ben, great to have you, ben mcmilan joining us this morning on crypto. we will see you soon, ben. quick break, turning on each other, protestors putting the target on nancy pelosi's back and that means her front doorstep, we are talking about it in the hot-top buzz when we come right h