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Warren Buffett’s Successor, Greg Abel, Pared Down Bank of America, and Piled Into a Virtual Monopoly That’s Now Berkshire’s 3rd-Largest Holding

Key Points Berkshire Hathaway’s portfolio has meaningfully changed since Warren Buffett retired as CEO on Dec. 31. Abel continued an eight-quarter streak of paring down Berkshire’s stake in Bank of America — and profit-taking likely tells only part of the story. Meanwhile, an artificial intelligence (AI) pioneer has quickly become Berkshire’s third-largest holding. 10 stocks […]

World Chain to launch streamed EIP-7928 block access lists

World Chain to launch streamed EIP-7928 block access lists

World Chain launches streamed EIP-7928 on mainnet Aug. 17. New feature enables parallel block verification for validators. Upgrade targets higher throughput without more hardware. World Chain said it will become the first production layer-2 blockchain to deploy streamed EIP-7928 block access lists, introducing the feature on its mainnet from Aug. 17 in a move aimed […]

Grayscale Presses Senate to Advance CLARITY Act Before Break

Grayscale Presses Senate to Advance CLARITY Act Before Break

TLDR: Grayscale urged Senate leaders to schedule a CLARITY Act floor vote before the August recess, warning that regulatory delays restrict institutional participation. The House passed H.R. 3633 by 294-134, while the Senate Banking Committee advanced the measure 15-9 before sending it toward the chamber floor. Senate negotiations still cover ethics enforcement, stablecoin rewards, developer […]

Goldman Sachs Backs CLARITY Act, but Banks Push Back

Goldman Sachs Backs CLARITY Act, but Banks Push Back

TLDR Goldman Sachs CEO David Solomon publicly backed the CLARITY Act, calling for clear digital asset market rules. Solomon said the bill would help create a level playing field and support responsible market development. His comments came as lawmakers prepared updated bill text ahead of a possible Senate floor vote. JPMorgan CEO Jamie Dimon opposed […]

Nvidia (NVDA) Shares Break Above $200 in After-Hours Trade After Earnings Beat

Nvidia (NVDA) Shares Break Above $200 in After-Hours Trade After Earnings Beat

Nvidia, currently the world’s most valuable listed company, reported quarterly results that surpassed market expectations: → Earnings per share came in at $1.62 versus a forecast of $1.53; → Revenue totalled $68.13 billion, ahead of the expected $66.13 billion. Additional support for the stock came from the company’s first-quarter revenue guidance, which topped analysts’ projections. […]