👀 There’s a new vision for crypto, and it’s wildly different from Bitcoin. The market is still treating the space as a monolith — but it’s time for that to change, writes Joe Weisenthal.

If you're a Bloomberg.com subscriber, you can read Joe’s full explanation: https://bloom.bg/3x5wXPw

Otherwise, sign up here for unlimited access to Bloomberg's data-based reporting and analysis from 120 countries, including exclusive newsletters that dive into topics like the above 👆. We’re also giving you 40% off an annual subscription because you follow us on Telegram: https://bloom.bg/2TSPznF

💰Getting vaccinated for Covid-19 in Hong Kong could mean winning a Tesla or even a pile of gold as the city’s tycoons and their companies look to incentivize the shots and help boost a sluggish inoculation rate. https://bloom.bg/2SoCTnX

💺As the American vaccine rollout reaches more than half the population, the U.S. has taken the lead in the global aviation recovery. Meanwhile a coronavirus outbreak in Guangdong province has undone months of China's steady growth in air traffic. https://bloom.bg/3zc55uU

⛽ With supermajors from the U.S. and Europe in retreat around the world, national oil champions are set to fill the void. But that might mean fossil fuel emissions won't shrink as fast. https://bloom.bg/3gp2oOd

🇲🇲 Breaking: Myanmar’s military formally charged detained civilian leader Aung San Suu Kyi with corruption. She faces up to 15 years in prison. https://bloom.bg/2SfnZRb

☎️ China and the U.S. have agreed to push forward trade and investment ties in the third call between senior officials in recent weeks. https://bloom.bg/3g6YKJC

🇸🇻 El Salvador plans to be the first country to use Bitcoin as legal tender. Here’s what the bombshell announcement means. https://bloom.bg/3x6PXx9

🇫🇷 France's borders have reopened, more than a year after the pandemic first began. Here’s a local’s take on what to expect if you're traveling to Paris. https://bloom.bg/3zhWjvh


📈 Bitcoin has jumped 10% over two days. But JPMorgan says backwardation — where the spot price is above futures prices — is a reason for caution. https://bloom.bg/3zjL9WX

💲The world's wealthiest 500 individuals are worth $8.4 trillion. Now the leaders of the Group of Seven are determined to make the billionaires pay https://bloom.bg/3pFXjF6

Hello 👋 Here’s what we’re following right now:

📈📉 Tech giants like Amazon lifted the S&P 500 to an all-time high on Thursday while Reddit favorites like GameStop and AMC sank. https://bloom.bg/3zh1ifZ

🚗 The Chinese ride-hailing giant Didi revealed a $1.6 billion net loss for 2020 in its first public IPO filing. https://bloom.bg/3pL4tZ4

⚠️ And a Covid outbreak in one of the G-7 summit hotels set off alarm bells hours before Chancellor Angela Merkel arrived in the U.K. https://bloom.bg/2TkgCYC

🚗 Elon Musk unveiled Telsa’s “crazy fast” Model S Plaid, its quickest vehicle yet. The car can reach 60 mph in less than 2 seconds. https://bloom.bg/3xdxjnd

💰 Credit Suisse’s 30-year-old star trader helped generate $220 million in 2020. Now he’s going it alone as the bank reins in risk. https://bloom.bg/3zdCd5D

🏙️ And the world’s most successful real estate investor offers advice on where to put your money — and what to avoid. https://bloom.bg/3czwo8F

🇳🇮 Benjamin Netanyahu, famous for his ability to maneuver out of the tightest political binds, was unseated after 12 straight years in power. The move leaves him vulnerable to pending graft charges. https://bloom.bg/3wo2wEa

🌡️ America isn’t quite back. Europe isn’t that united. Brexit still isn’t done. Even without Trump, tensions remained between the U.S. and its allies at the G-7 summit. https://bloom.bg/3vrNU5G

🕳️ Trying to keep up with meme stocks might feel a bit like playing whack-a-mole. Here are some clues on how to spot Reddit’s next favorite stock. https://bloom.bg/35vzx5P

👗 With thousands of new, ultracheap outfits every day, Shein is winning the world's teens and pushing the limits of fast fashion. Here's how Trump's trade war built China's first global fashion giant. https://bloom.bg/3gz6H9p

🚘 Elon Musk said Tesla would allow transactions in Bitcoin once mining is done with more clean energy. Bitcoin jumped 9% on Sunday and traded at $39,580, near a two-week high, as of 8 a.m. in London on Monday. https://bloom.bg/3iF1cc0

🏢 Fed-up young workers are heading back to offices, afraid that they need to be in the building to save their jobs. Fears of stunted careers and struggles with loneliness are driving many back to their desks. https://bloom.bg/3gjFk4o

💉 Covid vaccines from Pfizer and AstraZeneca are highly effective after two doses at preventing hospitalization of those infected with the delta variant, according to U.K. health authorities. https://bloom.bg/3pVnacv

🚨 The world’s most bubbly housing markets — led by New Zealand, Canada and Sweden — are flashing warnings that haven’t been seen since the run-up to the 2008 crisis. https://bloom.bg/3wsPuoZ

🪵 Though it’s seemed like the price of everything has gone up, certain corners of the market are starting to simmer down. Lumber, one of the hottest commodities in the past year, has slumped 40% since its peak in May. https://bloom.bg/35svHKl

🏠 When things go horribly wrong during a stay, Airbnb’s secretive safety team jumps in to soothe guests and hosts, help families — and prevent PR disasters at the cost of millions of dollars. https://bloom.bg/3grpFA6

🌴 With more firms offering remote work as a job perk, employees are country hopping. But some workers' dreams of working from a beach risk turning into a tax nightmare. https://bloom.bg/2TB6oDa

🌍 Endowed with some of the world's biggest oil reserves, plenty of arable land and a young, tech-savvy population, Nigeria had huge potential. Instead, the country's cratering economy may be Africa's biggest threat. https://bloom.bg/2RXuBDx

🪖 China’s air force sent 28 aircraft close to Taiwan, the largest sortie this year, further ratcheting up military pressure on Taipei. https://bloom.bg/3goUHbP

💸 MacKenzie Scott, the billionaire philanthropist and Jeff Bezos’s ex-wife, gave away $2.7 billion to a variety of charities, bringing her total donations since last July to $8.5 billion. https://bloom.bg/3zuP0Rm

🧳 During the pandemic, Stripe, the $95 billion payments startup, offered staff a 10% pay cut and $20,000 bonus if they moved out of expensive cities like San Francisco. The result was a “major uptake” of the unusual offer, its CEO says. https://bloom.bg/3iL8kUc

📈 Regulators are worried about hidden risks to investors and even the financial system from a fast-growing corner of the crypto market — so-called stablecoins, which broke $100 million in market capitalization at the end of May. https://bloom.bg/3xrjRMA

🇬🇧 One in five jobs based in the U.K. could be outsourced to other countries in the wake of the coronavirus pandemic, threatening the loss of well-paid white collar employment. A new report says 5.9 million workers are at risk. https://bloom.bg/3xoJ4r5

✈️ About 60,000 Filipinos a month have headed overseas for work since the start of the year. That’s only one-third of the pre-pandemic average, but the departures bode well for an economy that’s reliant on remittances. https://bloom.bg/3gs8Kxe

⤴️ The Fed expects two interest-rate hikes by the end of 2023, sooner than expected, and upgraded its inflation estimates. “The economy has clearly made progress,” Chairman Jerome Powell said. https://bloom.bg/3gDnybt

🤚 China is quietly stepping up its intervention in markets. Recently, it’s ordered state firms to curb overseas commodities exposure, effectively banned brokers from publishing bullish stock-index targets and censored crypto searches. https://bloom.bg/3iOQIXI

🪜 Even 30% pay raises can’t stop the exodus of junior bankers in Asia. Many believe they can earn more and climb the corporate ladder faster at fintech startups. https://bloom.bg/3zBtcDI

🏖 An anonymous donor turned a tiny Pacific coast town without a bank into the world’s biggest Bitcoin experiment. Up next: the Bitcoinification of the entire country of El Salvador. https://bloom.bg/3xoRij1

🇺🇸 A nationwide move by Republicans to tighten U.S. voting rules in the wake of Donald Trump’s defeat has largely fizzled, falling far short of the sweeping changes described by both the GOP and Democratic critics. https://bloom.bg/2UbPdbU

🥸 The commodities boom is luring criminals to make bigger and bolder scores. The pandemic, soaring prices, and economic pain have combined to create perfect conditions for thieves and fraudsters. https://bloom.bg/2SwBeNr

Hello, here’s what we’re following right now:

🌽🌾 For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so. https://bloom.bg/3q6nzsB

🏛 The U.S. Supreme Court rejected the latest Republican challenge to the Affordable Care Act, a.k.a. Obamacare, preserving a landmark law that provides health insurance to 20 million people. It's “a big win for the American people,” President Joe Biden tweeted. https://bloom.bg/2TF3hKE

🇸🇬🇭🇰 Singapore and Hong Kong have practically shut their borders for over a year to keep Covid in check. But as the U.S. and Europe open up, businesses and expats in both cities are watching with envy and questioning whether they're moving too slowly. https://bloom.bg/3q5dcVW

🧳 The European Union has lifted travel restrictions for U.S. residents, the latest step toward a return to normalcy. Americans will be able to make leisure trips to Europe in a matter of days. https://bloom.bg/3cOm5hq

🇻🇪 In an exclusive interview with Bloomberg TV, Nicolas Maduro says Venezuela has broken free of “cruel” US oppression — and the country is open for business. Watch here. https://bloom.bg/3xBx45P

🌳 And one of London’s most important public spaces, Oxford Circus, is about to get a dramatic pedestrian makeover. Take a look at the plans for the city’s most famous shopping hub. https://bloom.bg/3zD9wPK

Hello 👋 Here’s what we’re following right now:

⚠️ The Big Short's Michael Burry issued a stark series of tweets warning retail traders about losses “the size of countries” in the event of crypto and meme-stock declines. https://bloom.bg/3gRIKKT

💉 Don’t count on needing a Covid booster shot, the WHO’s chief scientist said. It’s still too early to tell if they’ll be required. https://bloom.bg/3xxJRpN

🗞 The pro-democracy Hong Kong newspaper Apple Daily will decide Monday whether to shut down. National security officials are blocking the paper’s bank accounts after a raid by about 500 police officers last week, according to a top adviser to owner Jimmy Lai. https://bloom.bg/3wFArsa

🇯🇵 The Tokyo Olympics will limit the number of spectators to 10,000 people per venue to reduce the risk of the world’s biggest sporting games turning into a superspreader event. https://bloom.bg/3wJVw4B

🦄 A group of former Morgan Stanley traders has turned their cryptocurrency venture into a unicorn by bringing Wall Street strategies to the brave new world. https://bloom.bg/3h4Vj5N

🛳 Guests lined up to board Royal Caribbean Cruises’s Freedom of the Seas on Sunday, the first cruise from a U.S. port in 15 months. The trip is being dubbed a “simulated voyage,” a concept designed to prove the ships are safe to sail. https://bloom.bg/3xAeydU

📊 Federal Reserve Chair Jerome Powell said inflation had picked up but should move back toward the U.S. central bank’s 2% target once supply imbalances resolve. https://bloom.bg/2SShG6e

🔒 Philippine President Rodrigo Duterte is threatening to jail people who refuse Covid vaccines, one of the severest measures to boost inoculations. https://bloom.bg/3cYfEII

🪖 With the U.S. in the middle, China and Taiwan have avoided war for more than seven decades. But that balance is harder to maintain, as the latest episode of China+ explores. Watch in full: https://youtu.be/KQDop_lLvAw

🏢 The journey back to your desk is shaping up to be slow and indirect. Roughly 15 months after locking down, several of the globe’s key financial centers are struggling to get employees back to their offices. https://bloom.bg/3xI4nUM

💉 Covid-19 transmission is accelerating in several poorly vaccinated U.S. states, primarily in the South plus Missouri and Utah, and more young people are turning up at hospitals. https://bloom.bg/3qgMbyU

🇨🇳 China's intensifying cryptocurrency crackdown has left Bitcoin flirting with $30,000, a key price level. Bitcoin fell as much as 4.3% Tuesday to $31,171. https://bloom.bg/3vNQmmU