Today's top news highlights:
A certain address achieved a 183-fold return in 15 days by trading ASTEROID.
Bio Protocol multisignature wallet transferred 80 million BIO tokens to Binance and OKX 8 hours ago.
Regulation & Macro
BlackRock submitted a comment letter to the U.S. Office of the Comptroller of the Currency opposing a quantitative cap (such as 20%) on tokenized reserve assets, arguing that the risk depends on credit quality, duration, and liquidity, not on whether they are held or transferred on a distributed ledger. BlackRock also urged clarification on whether ETFs investing in eligible reserve assets qualify as reserves under the GENIUS Act and requested that the quantitative safe harbor provisions for government money market funds be extended to eligible ETFs.
Starting October 1st, the Central Bank of Brazil banned electronic foreign exchange service providers from using stablecoins and other cryptocurrencies to settle overseas remittances, cutting off back-end payment channels for cross-border capital flows. However, individual investors can still purchase and hold crypto assets. Electronic foreign exchange payments must use foreign exchange transactions or non-resident real accounts, and unauthorized companies must apply for approval by May 2027.
Nick Timiraos, a vocal critic of the Federal Reserve, wrote that three regional Fed presidents opposed retaining the phrase "the next step is more likely to be a rate cut," believing that the next rate adjustment could be either a rate hike or a rate cut. Powell stated that the committee is shifting from a "rate-cutting bias" to a "neutral stance," and if a rate hike is needed in the future, it will first shift to neutral before signaling a change. The internal discussion within the Fed regarding the interest rate path has clearly shifted, and the conditions for resuming rate hikes are now being discussed.
Michael Selig, chairman of the U.S. CFTC, is pushing to limit state intervention in prediction markets to prevent state-level regulations from hindering the industry's development. Since taking office, he has quickly set about creating a more relaxed federal regulatory environment for prediction markets, enabling more U.S. users to participate in betting on the outcomes of events such as sporting events.
The Ministry of Commerce issued a ban prohibiting the recognition, implementation, and compliance with U.S. sanctions imposed on five Chinese companies, including Hengli Petrochemical (Dalian) Refining & Chemical Co., Ltd., pursuant to Executive Order 13902, concerning Iranian oil. The Ministry of Commerce stated that the Chinese government consistently opposes unilateral sanctions lacking UN authorization and a basis in international law, and this ban is a concrete action to implement the "Measures for Blocking the Improper Extraterritorial Application of Foreign Laws and Measures."
Iran's Chief Justice: Iran does not shy away from negotiations but opposes US coercion.
Iran's Chief Justice, Ejai, stated that Iran does not shy away from negotiations with the United States, but firmly opposes US coercion. Negotiations are reasonable, but this does not mean accepting the US's domineering demands, nor will it tolerate the imposition of its will through threats. He also emphasized that Iran does not want war, and even less does it want a prolonged war.
Project Updates
The Ethereum Foundation published a statement reviewing Soldøgn Interop, stating that the three core goals of the Glamsterdam upgrade have been largely achieved: reaching a consensus of 200 million on the lower limit of the upgraded Gas Limit, implementing a stable ePBS external Builder process, and finalizing the EIP-8037 Gas Repricing parameters. The upgrade focused on securely improving the Gas Limit to increase throughput. Most clients are already running stably on glamsterdam-devnet-2 and have successfully tested the entire external Builder process. In the coming weeks, efforts will continue to harden clients, refine testing, and merge code. The final parameters will be confirmed at the AllCoreDevs conference.
Bio Protocol multisignature wallet transferred 80 million BIO tokens to Binance and OKX 8 hours ago.
Bio Protocol's multisignature wallet transferred 80 million BIO tokens (approximately $5.15 million) to Binance and OKX eight hours ago. This followed a 100% increase in BIO's price within two days due to its launch as a new token for staking.
Hyperliquid has announced the launch of Outcome Markets (HIP-4) on its mainnet, currently in a limited initial version. This product features fully collateralized contracts that settle within a fixed range, suitable for prediction markets and range options, and does not involve leverage or liquidation. The first market launched is a daily recurring binary Outcome contract, settled daily at 06:00 UTC based on the BTC mark price on Hyperliquid. More features and market types will be rolled out in phases.
GameStop is preparing to make a takeover offer to eBay.
According to sources familiar with the matter, GameStop is preparing to make a takeover offer for eBay as part of CEO Ryan Cohen's plan to build the company into a $100 billion enterprise. GameStop, with a market capitalization of approximately $11 billion, is quietly acquiring shares in eBay, which has a market capitalization of approximately $45 billion.
The Zcash Foundation has released Zebra version 4.4.0, fixing several critical consensus-level security vulnerabilities. All nodes are strongly advised to upgrade immediately. Vulnerabilities include a denial-of-service vulnerability that could permanently stop new block discovery, consensus divergences caused by incorrect block signature operation counting, abnormal transparent transaction signature hash processing, and the risk of memory allocation amplification attacks. Some vulnerabilities may lead to chain forks.
Investment and financing news
Opinions & Analysis
Markus Thielen, CEO of 10x Research, stated that after the recent Bitcoin 2026 conference pushed the price to approximately $79,500, a brief consolidation ensued. However, continued institutional interest, corporate treasury accumulation, and a White House advisor's hint at significant national strategic reserves boosted market confidence. Bitcoin's dominance remains above 60%, and trend models remain bullish. However, a small group of altcoins is quietly bottoming out and has genuine catalysts supporting them, including privacy coins gaining institutional attention and RWA infrastructure gaining market share in tokenized stocks.
Berkshire Hathaway cautiously advances its AI strategy and establishes three key principles.
Berkshire Hathaway adopts a prudent and pragmatic strategy in advancing AI applications, establishing three main principles: attracting high-end technical talent and engineering teams to drive deployment; strictly adhering to security governance bottom lines and strengthening data integration and risk control; and insisting that core decision-making power remains in human control, with AI serving only as an auxiliary tool. At the same time, it emphasizes employee skills retraining, controls operational and compliance risks, and ensures that AI complements rather than replaces its core business.
CryptoQuant analyst Axel Adler Jr. stated that based on the adjusted realized price range model, Bitcoin will only begin its true medium- to long-term bottoming process when it falls to the key $59,000 level, which is expected to take approximately six months. The recent rebound is not the core driver of market stabilization; the real catalyst for stabilization is the return of long-term real demand, meaning a bottom can only be established when the market reprices future value and spot buying continues to recover.
In an interview with CNBC, Buffett stated that current market valuations are generally high, making it an undesirable investment environment. Berkshire Hathaway has an excellent management team and can patiently wait for suitable targets, acting proactively at the right time. When asked when the right time to invest would be, Buffett said that opportunities will naturally arise "when nobody wants to answer the phone."
Warren Buffett attended the Berkshire Hathaway shareholders meeting and was seated in the audience.
Newly appointed CEO Greg Abel presided over Berkshire Hathaway's annual shareholders meeting, with Warren Buffett seated in the audience. Berkshire continued selling stocks in the first quarter, increasing its cash reserves to $397 billion, marking the 14th consecutive quarter of net selling. It sold $24 billion worth of stocks and bought $15.9 billion, the largest quarterly stock sale since 2024.
ZachXBT, a "chain detective," stated that some US law firms are using their on-chain forensics to help victims of hacking incidents file legal claims, but this practice may slow down the process of victims receiving compensation or recovering their funds. In many cases involving the Lazarus Group, law firms typically intervened only after the funds had been traced or frozen, and then initiated follow-up legal actions that were less relevant to the crypto incident. ZachXBT called on the crypto community to establish a DAO to combat such behavior.
Important data
A certain address achieved a 183-fold return in 15 days by trading ASTEROID.
A whale address achieved a 183-fold return in 15 days by trading ASTEROID. The address spent 3 ETH to buy 4.28 billion ASTEROID, and then sold them all for 550 ETH (worth $1.27 million).
A suspected insider/market maker's wallet accumulated 575,000 LAB tokens (worth $128,000) at $0.20 a month before the LAB token price surge. In the last half hour, these tokens were transferred to Gate and Kucoin to lock in profits, bringing the total value to $1.26 million, resulting in a profit of $1.13 million. LAB's price rose tenfold from $0.20 to $2.38 in the past month.
A trader opened long positions in BTC and ETH with 20x leverage. Currently, the Bitcoin long position holds 586.68 BTC (worth $45.82 million) and the Ethereum long position holds 19,416 ETH (worth $44.67 million), with a total position value of approximately $90 million.
Berkshire Hathaway's cash reserves surged to a record $397 billion.
Berkshire Hathaway's cash reserves jumped to a record $397 billion, after net selling $8.1 billion in stocks in the first quarter. At the end of the first quarter, its fixed-income securities investments had a fair value of $17.669 billion, including $3.88 billion in U.S. Treasury bonds, $12.391 billion in foreign bonds, and $1.19 billion in corporate bonds.
Berkshire Hathaway reported revenue of $93.675 billion in Q1 2026, a 4.4% year-over-year increase; net income of $10.106 billion, compared to $4.603 billion in the same period last year; and operating profit of $11.346 billion, an 18% year-over-year increase. Net investment income for the first quarter was -$1.24 billion, compared to -$5.038 billion in the same period last year.
Sources: OPEC+ production quotas will increase by approximately 188,000 barrels per day in June.
Sources say the seven OPEC+ countries have reached an agreement in principle to increase their oil production quotas by approximately 188,000 barrels per day in June.
