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Shein Is Said to Target Up to $27B Valuation in HK IPO

Bloomberg's Norah Mulinda joins Dani Burger on "Bloomberg Deals." Fast-fashion retailer Shein is targeting a valuation in the range of $26 billion to $27 billion in its initial public offering in Hong Kong, according to people familiar with the matter, a sharp drop from its peak value. (Source: Bloomberg)

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Why Is Bitcoin Up Today?

Bitcoin jumped 5.5% Wednesday as executives from Coinbase, Payward, and Blockchain.com met President Trump at the White House alongside the heads of the SEC and CFTC.

Why Is XRP (Ripple) Up Today?

Key PointsXRP climbed 6.1% over 24 hours on Aug. 19, 2026, as President Trump hosted executives from Ripple and other top crypto firms at the White House.

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