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On May 2, Iran's Chief Justice Ejei stated that Iran does not shy away from negotiations with the United States but firmly opposes American coercion. He pointed out that negotiations are reasonable and logical, but this does not mean accepting the demands imposed by the U.S., nor can Iran tolerate the use of threats to impose will. At the same time, Iran does not want war and certainly does not wish for it to continue. (CCTV International News)

[Iranian Official: Open to Negotiations with the U.S. but Firmly Opposes Coercion, Desires No Ongoing War]On May 2, Iran's Chief Justice Ejei stated that Iran does not shy away from negotiations with the United States but firmly opposes American coercion. He pointed out that negotiations are reasonable and logical, but this does not mean accepting the demands imposed by the U.S., nor can Iran tolerate the use of threats to impose will. At the same time, Iran does not want war and certainly does not wish for it to continue. (CCTV International News)

Iranian Official: Open to Negotiations with the U.S. but Firmly Opposes Coercion, Desires No Ongoing War

On May 2, it was reported that in the first quarter under CEO Greg Abel, Berkshire Hathaway's cash reserves soared to an all-time high of $397 billion. Although the company's cash reserves slightly decreased at the end of last year, they saw a significant increase in the first quarter, as the company net sold $8.1 billion in stocks during this period. (Jin Shi)

[Berkshire Hathaway's Cash Reserves Surge to Record $397 Billion]On May 2, it was reported that in the first quarter under CEO Greg Abel, Berkshire Hathaway's cash reserves soared to an all-time high of $397 billion. Although the company's cash reserves slightly decreased at the end of last year, they saw a significant increase in the first quarter, as the company net sold $8.1 billion in stocks during this period. (Jin Shi)

Berkshire Hathaway's Cash Reserves Surge to Record $397 Billion

On May 2, Nick Timiraos, known as the 'voice of the Fed,' pointed out that the internal debate regarding the interest rate path at the Federal Reserve has reached a critical turning point—officials are no longer arguing about when to resume rate cuts, but are beginning to explore the conditions under which rate hikes may be necessary. In a statement following Wednesday's policy meeting, Dallas Fed President Logan, Cleveland Fed President Harmack, and Minneapolis Fed President Kashkari formally expressed dissent against retaining language suggesting that 'the next step is more likely to be a rate cut.' Outgoing Chair Powell acknowledged that the committee had 'vigorous discussions,' and although for procedural reasons the relevant guidance has not yet been removed, he clearly stated that the committee's stance is shifting from accommodative to neutral, admitting that the arguments of the dissenters 'are entirely valid.' This statement indicates that the Fed has partially moved from signaling rate cuts to a neutral wait-and-see phase. The core factor driving this shift is the sustained energy shock caused by the substantial closure of the Strait of Hormuz. Unlike past one-time price fluctuations that could self-correct, this supply chain disruption may lead to elevated energy costs for months, enough to permeate broader prices and raise inflation expectations. In a speech on Friday, Kashkari further outlined a scenario for rate hikes: if the Strait does not quickly resume navigation, a series of rate hikes may be necessary, even at the cost of further weakening the labor market. Former Fed senior economist William English pointed out that keeping the federal rate unchanged during rising inflation effectively amounts to passive easing, which becomes increasingly unsustainable over time. Notably, the three officials raised objections regarding policy language rather than actual interest rate actions, which is quite rare in Fed history; the last similar instance dates back to September 2020. This debate will be handed over to Kevin Warsh, who is set to take over as chair in mid-May, to continue advancing. Powell's term is nearing its end, and the Fed's next policy meeting will take place about a month after his departure.

[Fed's Voice: Key Turning Point in Interest Rate Path, Moving Towards Neutral Stance]On May 2, Nick Timiraos, known as the 'voice of the Fed,' pointed out that the internal debate regarding the interest rate path at the Federal Reserve has reached a critical turning point—officials are no longer arguing about when to resume rate cuts, but are beginning to explore the conditions under which rate hikes may be necessary. In a statement following Wednesday's policy meeting, Dallas Fed President Logan, Cleveland Fed President Harmack, and Minneapolis Fed President Kashkari formally expressed dissent against retaining language suggesting that 'the next step is more likely to be a rate cut.' Outgoing Chair Powell acknowledged that the committee had 'vigorous discussions,' and although for procedural reasons the relevant guidance has not yet been removed, he clearly stated that the committee's stance is shifting from accommodative to neutral, admitting that the arguments of the dissenters 'are entirely valid.' This statement indicates that the Fed has partially moved from signaling rate cuts to a neutral wait-and-see phase. The core factor driving this shift is the sustained energy shock caused by the substantial closure of the Strait of Hormuz. Unlike past one-time price fluctuations that could self-correct, this supply chain disruption may lead to elevated energy costs for months, enough to permeate broader prices and raise inflation expectations. In a speech on Friday, Kashkari further outlined a scenario for rate hikes: if the Strait does not quickly resume navigation, a series of rate hikes may be necessary, even at the cost of further weakening the labor market. Former Fed senior economist William English pointed out that keeping the federal rate unchanged during rising inflation effectively amounts to passive easing, which becomes increasingly unsustainable over time. Notably, the three officials raised objections regarding policy language rather than actual interest rate actions, which is quite rare in Fed history; the last similar instance dates back to September 2020. This debate will be handed over to Kevin Warsh, who is set to take over as chair in mid-May, to continue advancing. Powell's term is nearing its end, and the Fed's next policy meeting will take place about a month after his departure.

Fed's Voice: Key Turning Point in Interest Rate Path, Moving Towards Neutral Stance

On May 2, according to monitoring by Lookonchain, whale 0x049b has opened a large long position, holding 586.68 Bitcoin (worth $45.82 million) and 19,416 Ethereum (worth $44.67 million). The opening price for Bitcoin was $78,540, with a liquidation price of $75,564.02; for Ethereum, the opening price was $2,317, with a liquidation price of $2,247.43.

[Whale Opens Large Long Position Worth Approximately $90 Million]On May 2, according to monitoring by Lookonchain, whale 0x049b has opened a large long position, holding 586.68 Bitcoin (worth $45.82 million) and 19,416 Ethereum (worth $44.67 million). The opening price for Bitcoin was $78,540, with a liquidation price of $75,564.02; for Ethereum, the opening price was $2,317, with a liquidation price of $2,247.43.

Whale Opens Large Long Position Worth Approximately $90 Million

On May 2, during the first quarter under CEO Greg Abel, Berkshire Hathaway's cash reserves surged to an all-time high of $397 billion. Although the company's cash reserves slightly declined at the end of last year, they saw a significant increase in the first quarter, as $8.1 billion worth of stocks were net sold during this period. Additionally, Berkshire Hathaway (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, surpassing market expectations of $89.274 billion; net profit was $10.106 billion, compared to $4.603 billion a year earlier, falling short of market expectations of $11.762 billion. Total operating profit reached $11.35 billion, a nearly 18% year-on-year increase. As of the end of Q1 2026, the fair value of fixed-income securities held by Berkshire Hathaway was $17.669 billion, down from $17.816 billion in the same period last year, with fair values for investments in U.S. Treasuries, foreign bonds, and corporate bonds at $3.88 billion, $12.391 billion, and $1.19 billion, respectively.

[Berkshire's Cash Reserves Soar to Record $397 Billion]On May 2, during the first quarter under CEO Greg Abel, Berkshire Hathaway's cash reserves surged to an all-time high of $397 billion. Although the company's cash reserves slightly declined at the end of last year, they saw a significant increase in the first quarter, as $8.1 billion worth of stocks were net sold during this period. Additionally, Berkshire Hathaway (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, surpassing market expectations of $89.274 billion; net profit was $10.106 billion, compared to $4.603 billion a year earlier, falling short of market expectations of $11.762 billion. Total operating profit reached $11.35 billion, a nearly 18% year-on-year increase. As of the end of Q1 2026, the fair value of fixed-income securities held by Berkshire Hathaway was $17.669 billion, down from $17.816 billion in the same period last year, with fair values for investments in U.S. Treasuries, foreign bonds, and corporate bonds at $3.88 billion, $12.391 billion, and $1.19 billion, respectively.

Berkshire's Cash Reserves Soar to Record $397 Billion

On May 2, sources revealed that despite the UAE's withdrawal, seven countries within OPEC+ have reached a preliminary agreement to increase oil production targets by approximately 188,000 barrels per day in June. This increase is similar to last month's target of 206,000 barrels per day, excluding the UAE's share. This decision indicates that OPEC+ is continuing its usual approach to decision-making. The seven OPEC+ member countries plan to hold an online meeting on Sunday. Currently, disruptions caused by the war between the U.S. and Israel against Iran have significantly affected shipping through the Strait of Hormuz, causing more interference for OPEC oil-producing countries than the organization's agreed production targets. Therefore, the current production increase is largely symbolic. The UAE unexpectedly announced its withdrawal from OPEC and OPEC+ effective May 1. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of WTI crude oil closing at $110 this month is 75%, at $120 is 45%, and at $130 is 22%, indicating that the market still expects a significant rise in oil prices.

[OPEC+ to Increase June Production Quota by Approximately 188,000 Barrels/Day Amidst Oil Price Surge Expectations]On May 2, sources revealed that despite the UAE's withdrawal, seven countries within OPEC+ have reached a preliminary agreement to increase oil production targets by approximately 188,000 barrels per day in June. This increase is similar to last month's target of 206,000 barrels per day, excluding the UAE's share. This decision indicates that OPEC+ is continuing its usual approach to decision-making. The seven OPEC+ member countries plan to hold an online meeting on Sunday. Currently, disruptions caused by the war between the U.S. and Israel against Iran have significantly affected shipping through the Strait of Hormuz, causing more interference for OPEC oil-producing countries than the organization's agreed production targets. Therefore, the current production increase is largely symbolic. The UAE unexpectedly announced its withdrawal from OPEC and OPEC+ effective May 1. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of WTI crude oil closing at $110 this month is 75%, at $120 is 45%, and at $130 is 22%, indicating that the market still expects a significant rise in oil prices.

OPEC+ to Increase June Production Quota by Approximately 188,000 Barrels/Day Amidst Oil Price Surge Expectations

On May 2, Bitso, one of the largest cryptocurrency service providers in Latin America, released the '2025 Latin America Cryptocurrency Landscape Report.' The data shows that nearly 40% of cryptocurrency purchases in the region involve dollar-pegged assets such as USDT and USDC. The report analyzes data from nearly 10 million customers across major markets including Argentina, Brazil, Colombia, and Mexico.

[Bitso Report: Stablecoins Account for 40% of Cryptocurrency Purchases in Latin America, USDC Purchases Exceed BTC]On May 2, Bitso, one of the largest cryptocurrency service providers in Latin America, released the '2025 Latin America Cryptocurrency Landscape Report.' The data shows that nearly 40% of cryptocurrency purchases in the region involve dollar-pegged assets such as USDT and USDC. The report analyzes data from nearly 10 million customers across major markets including Argentina, Brazil, Colombia, and Mexico.

Bitso Report: Stablecoins Account for 40% of Cryptocurrency Purchases in Latin America, USDC Purchases Exceed BTC

KIMA fluctuated by 56.3% within 24 hours, current price $0.003437

【KIMA's 24-hour volatility exceeds 50%!】KIMA fluctuated by 56.3% within 24 hours, current price $0.003437

KIMA's 24-hour volatility exceeds 50%!

On May 2, Berkshire Hathaway A (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, exceeding market expectations of $89.274 billion. The net profit was $10.106 billion, compared to $4.603 billion in the same period last year, while market expectations were $11.762 billion. (Jin Shi)

[Berkshire Hathaway Releases Q1 Report]On May 2, Berkshire Hathaway A (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, exceeding market expectations of $89.274 billion. The net profit was $10.106 billion, compared to $4.603 billion in the same period last year, while market expectations were $11.762 billion. (Jin Shi)

Berkshire Hathaway Releases Q1 Report

On May 1, Democratic Senators Elizabeth Warren and Ron Wyden pressured both parties regarding allegations that Tether bribed U.S. Commerce Secretary Howard Lutnick. Reports indicate that Tether provided undisclosed loans to a trust fund benefiting Lutnick's children, while Cantor Fitzgerald, where Lutnick previously worked, was also Tether's reserve asset management firm. Elizabeth Warren and Ron Wyden also pointed out that the previously passed 'Genius Act' benefited Tether, which had lobbied in support of the legislation, suggesting potential quid pro quo.

[Democratic Senators Pressure Tether Over Allegations of Bribing U.S. Commerce Secretary]On May 1, Democratic Senators Elizabeth Warren and Ron Wyden pressured both parties regarding allegations that Tether bribed U.S. Commerce Secretary Howard Lutnick. Reports indicate that Tether provided undisclosed loans to a trust fund benefiting Lutnick's children, while Cantor Fitzgerald, where Lutnick previously worked, was also Tether's reserve asset management firm. Elizabeth Warren and Ron Wyden also pointed out that the previously passed 'Genius Act' benefited Tether, which had lobbied in support of the legislation, suggesting potential quid pro quo.

Democratic Senators Pressure Tether Over Allegations of Bribing U.S. Commerce Secretary

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