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Berkshire CEO: Plans to hold long-term stakes in Japan's five major trading companies, AI data centers bring energy opportunities

Berkshire Hathaway CEO Greg Abel stated in an interview with CNBC that the company plans to hold its stakes in Japan's five major trading companies as a long-term investment, expecting to hold them for decades. Currently, Berkshire holds over 10% of shares in each of the five major trading companies and is continuously exploring other cooperation opportunities in Japan and overseas with these enterprises. Abel also mentioned that despite the 10-year Japanese government bond yield rising to about 3%, the five major trading companies do not view the rise in interest rates as a fundamental challenge, and Berkshire still plans to issue yen bonds as needed.Regarding AI investments, Abel stated that the rapid development of artificial intelligence and the practical applications of AI by Berkshire's subsidiaries are among the important reasons for the company's optimism about Alphabet. On the construction of AI data centers, he believes that energy supply and related infrastructure development remain major constraints, which also presents significant opportunities for Berkshire and Berkshire Energy. Abel pointed out that the company is willing to provide energy services for large tech companies' data centers, but on the condition that it does not harm the interests of other customers and should bring net benefits to the local community.In terms of the U.S. housing market, Abel stated that Berkshire takes a long-term view of the housing industry, believing that the "American Dream" will continue, but there will not be a rapid recovery in the short term, and the industry may still face fluctuations for some time. Regarding the overall economy, he noted that most of Berkshire's large businesses performed strongly as of the second quarter, with demand still robust, but American consumers are under significant pressure and need to be more cautious in managing their income; overall, the economic fundamentals that Berkshire currently sees remain "very strong."

first_img Kalshi and Polymarket's trading volume in August decreased by 14.5% month-on-month, marking the first decline in a year

According to The Block data panel, the combined trading volume of Kalshi, Polymarket, and Polymarket US in August fell by 14.5% month-on-month to $45.33 billion, marking the first monthly decline in a year. Among them, Kalshi's trading volume in August was $37.17 billion, down 7.3% from $40.1 billion in July; the combined trading volume of Polymarket and its US platform was $8.16 billion, down 36.7% from $12.89 billion in July.The decline in August occurred after a surge in summer prediction market activity driven by the World Cup (June 11 to July 19), but the August trading volume was still significantly higher than May's $25.66 billion. Meanwhile, Kalshi and Polymarket are facing increasingly stringent scrutiny from state-level regulators in the US, particularly regarding sports-related contracts, with more than ten states taking enforcement actions or filing lawsuits against the two platforms. Last week, Connecticut sued Kalshi, seeking to prevent the platform from offering sports contracts.Despite the escalating legal disputes with state regulators, Kalshi continues to expand its presence in the sports sector, recently signing an agreement with the United States Tennis Association to become the exclusive prediction market partner for the US Open. Additionally, earlier this week, Kalshi permanently banned former US Congressman George Santos, marking its first permanent ban, due to Santos violating rules by betting on whether he would attend the State of the Union address, resulting in a fine of over $71,000.

first_img Robinhood Chain saw over 17% of tokenized stocks locked in Meme coin trading pairs, with 31% of the trading volume coming from Meme coin pairs

DeFiprime founder Nick Sawinyh analyzed that the Meme coin issuance platform on the Robinhood Chain is massively using tokenized stocks as paired assets. As of September 1, approximately 17.2% of the on-chain supply of 19 high liquidity Robinhood stock tokens is locked in 432 pools that use stock tokens as quoted assets, contributing 31.3% of the DEX trading volume of related stock tokens in the past 24 hours. The four issuance platforms Long, Bankr, Flap, and PAIR have set stock-paired Meme coins as default products.Among them, the AI/NVDA pool holds 8,783 NVDA (accounting for 16.2% of the total on-chain tokenized NVDA), with a 24-hour trading volume of about $6.2 million; the BONER/HIMS pool holds 37,172 HIMS (accounting for 50.4% of the total HIMS on the chain), with a trading volume of about $12.5 million. This mechanism has led to significant premiums for some tokenized stocks over the weekend (when issuers cannot issue more), with HIMS once trading at a premium of 112% compared to the NYSE closing price. The TVL of the Robinhood Chain has nearly doubled since August 1 to $740 million, with on-chain DEX daily trading volume reaching $1.49 billion on August 31. The analysis points out that 9 stock tokens have an on-chain circulating market value of less than $1.5 million, and a single Meme coin pool can absorb a large proportion of the circulating supply. This analysis is based on specific block snapshot data, with prices and pool balances changing rapidly.

The U.S. SEC announced the agenda for the 24-hour trading roundtable on September 17

The U.S. Securities and Exchange Commission announced that it will hold a "24-Hour Trading Preparedness" roundtable on September 17 from 10:00 AM to 4:00 PM Eastern Time at its headquarters in Washington, D.C. The meeting will be open to the public and will be live-streamed on the SEC's official website, with in-person attendance requiring prior registration. This meeting will discuss the preparations for the launch of a 24-hour trading market, operational resilience, and subsequent impacts.The agenda includes opening remarks from the SEC Chairman, Commissioners, and the Director of the Division of Trading and Markets, followed by a data presentation from the SEC's Office of Analysis and Research. The meeting will feature three thematic panels: the first panel will discuss the preparedness of exchanges and broker-dealers, overnight supervision, closing price processes, clearing and settlement adjustments, and investor protection measures; the second panel will focus on system readiness, regulatory SCI requirements, failover, capacity planning, market data continuity, cybersecurity, and overnight staffing arrangements; the third panel will discuss the potential impacts of extended trading hours on liquidity, capital formation, issuers, and market structure, and look ahead to the infrastructure adjustments needed for a transition to 24x7 trading.Participating organizations include Robinhood, the New York Stock Exchange, BlackRock, Virtu Financial, the Chicago Board Options Exchange, BNY Pershing, UBS, FINRA, Jane Street, State Street, Samsung, Charles Schwab, Nasdaq, Interactive Brokers, DTCC, OTC Markets Group, BNP Paribas, 24X, Invesco, Citadel Securities, DriveWealth, Blue Ocean, Citigroup, and others.

first_img Analysis: Japan's government bond yields hit a 30-year high, while Bitcoin is trading sideways at $78,000

According to Cointelegraph, the global bond bear market continues to ferment, with Japan's 10-year government bond yield rising to 3% on Tuesday, the first time since 1996; the 30-year government bond yield also broke through the historical high of 4.18%. The U.S. 10-year government bond yield simultaneously rose to a multi-year high of 4.78%, and global long-term sovereign bond yields are at their highest level since the 2008 financial crisis.In this context, Bitcoin remains in a sideways consolidation, maintaining around $78,000, slightly retreating from an earlier high of nearly $79,000. There is a dense resistance area between the current spot price and $86,000, which limits Bitcoin's upward momentum. Market sentiment remains cautiously optimistic in the short term, with the $76,000 to $82,000 range seen as a key battleground in the coming weeks.This round of selling occurred after U.S. Treasury Secretary Yellen announced an increase in the upper limit of government bond repurchase transactions to $4 billion starting in September, with some commentators likening it to a form of yield curve control. Arthur Hayes has long argued that the Federal Reserve will eventually activate the FIMA repo facility, a mechanism that will create new dollar liquidity, which is also why he recommends allocating Bitcoin, gold, and cryptocurrencies; Yellen hinted at the future use of this tool as early as August.
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