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Warren Buffett steps down, Greg Abel takes over Berkshire Hathaway for 100 days: the management style of the investment empire is being rewritten
Berkshire Hathaway's new CEO Greg Abel has been in office for 100 days, demonstrating a management style more aggressive than Buffett's. He has restarted the buyback program and redefined Apple and three other companies as core holdings.
According to The Wall Street Journal, within just 100 days of taking office, Greg Abel, the new CEO of Berkshire Hathaway, has already begun to show significant changes in this investment empire built by Warren Buffett over decades. To the market, Greg Abel is not only Buffett's designated successor but also the person who will determine Berkshire's capital allocation, subsidiary governance, and investment style over the next ten years.
The 63-year-old Buffett successor, Berkshire Hathaway CEO Greg Abel
----------------------------
Greg Abel is 63 years old and has been in office since January of this year.
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BIS Warning: Cryptocurrency Exchanges Have Become "Shadow Banks"! User Funds Face Unsecured Risks
The Bank for International Settlements (BIS) released a report warning that cryptocurrency exchanges are moving toward becoming “multifunction crypto-asset intermediaries.” In the absence of regulatory firewalls, they are consolidating conflicting functions such as trading, custody, and proprietary trading.
From trading platforms to “all-in-one institutions,” MCIs are blurring the boundaries of finance
--------------------------
The Bank for International Settlements (BIS) recently released a lengthy 38-page research report, revealing that major global cryptocurrency exchanges are rapidly transforming into “Multifunction Crypto-asset Intermediaries” (Multifunction Crypto-asset Intermediaries, abbreviated as MCIs). Within a single corporate structure, these entities have highly integrated multiple functions, including trading platforms, custody services, proprietary trading, brokerage, and token issuance.
BIS is by the global
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Originally $200k could become $3 billion! FTX sold Cursor equity cheaply, now Musk is pouring in big money to buy it.
Cursor’s stake value surged to $3 billion after SpaceX, led by Elon Musk, struck a deal at a $60 billion valuation. However, FTX’s liquidation team had already sold it off at the original price for a song, missing out on a 15,000-fold return.
Recently, the bankrupt cryptocurrency exchange FTX has once again become the focus of market discussion. The reason isn’t the progress on creditor compensation, but that the AI startup Cursor equity, which FTX’s bankruptcy liquidation team sold for only $200,000 years ago, has now skyrocketed to about $3 billion—implying potential returns as high as 15,000 times.
Earlier this week, SpaceX, led by the world’s richest person Elon Musk, dropped a bombshell on the market, announcing it had obtained the rights to acquire the AI startup Cursor for $60 billion; if the acquisition ultimately cannot be completed, the potential upside would still be driven by the dramatic jump in Cursor’s value, leaving FTX’s liquidation team to bear the missed opportunity.
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Warren Buffett Steps Down, Greg Abel Takes Charge of Berkshire Hathaway for 100 Days: The Management Style of the Investment Empire Is Being Rewritten
Berkshire Hathaway's new CEO Greg Abel has been in office for 100 days, demonstrating a management style more aggressive than Buffett's. He has restarted the buyback program and redefined Apple and three other companies as core holdings.
According to The Wall Street Journal, within just 100 days of taking office, Greg Abel, the new CEO of Berkshire Hathaway, has already begun to show significant changes in this investment empire built by Warren Buffett over decades. To the market, Greg Abel is not only Buffett's designated successor but also the person who will determine Berkshire's capital allocation, subsidiary governance, and investment style over the next ten years.
The 63-year-old Buffett successor, Berkshire Hathaway CEO Greg Abel
----------------------------
Greg Abel is 63 years old and has been in office since January of this year.
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BIS Warning: Crypto Exchanges Have Become "Shadow Banks"! User Funds Face Unsecured Risks
The Bank for International Settlements (BIS) has issued a report warning that crypto-asset exchanges are shifting toward “Multifunction Crypto-asset Intermediaries,” and, in the absence of a regulatory firewall, are consolidating conflicting functions such as trading, custody, and proprietary trading.
From trading platforms to “all-purpose institutions,” MCIs are blurring the lines of finance
--------------------------
The Bank for International Settlements (BIS) recently released a lengthy 38-page research report, revealing that major global cryptocurrency exchanges are rapidly transforming into “Multifunction Crypto-asset Intermediaries” (Multifunction Crypto-asset Intermediaries, abbreviated as MCIs). Under a single corporate structure, these institutions have highly integrated multiple functions, including trading platforms, custody services, proprietary trading, brokerage business, and token issuance.
BIS by global
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Originally $200k could become $3 billion! FTX sold Cursor equity cheaply, now Musk is pouring in big money to buy it.
Cursor acquires a $60 billion valuation from Elon Musk's SpaceX, making that 5% stake soar to $3 billion. However, FTX's liquidation team had already sold at the original price, missing out on a 15k-fold return.
Recently, the bankrupt cryptocurrency exchange FTX has once again become a hot topic in the market. The reason is not the progress of creditor compensation, but because the AI startup Cursor, which was sold for only $200k by FTX's bankruptcy liquidation team years ago, is now valued at approximately $3 billion, with a potential return of up to 15k times.
Earlier this week, Elon Musk, the world's richest person, led SpaceX to deliver a market shock by announcing the acquisition of the AI startup Cursor for $60 billion; if the deal ultimately falls through,
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BIS Warning: Cryptocurrency Exchanges Have Become "Shadow Banks"! User Funds Face Unsecured Risks
The Bank for International Settlements (BIS) has released a report warning that cryptocurrency exchanges are shifting into “multifunction crypto-asset intermediaries,” and that, in the absence of regulatory firewalls, conflicting functions such as trading, custody, and proprietary trading are being integrated.
From trading platforms to “all-round institutions,” MCIs are blurring the boundaries of finance
--------------------------
The Bank for International Settlements (BIS) recently published a 38-page research report, revealing that major global cryptocurrency exchanges are rapidly transforming into “Multifunction Crypto-asset Intermediaries” (Multifunction Crypto-asset Intermediaries, abbreviated as MCIs). Within a single corporate structure, these institutions highly integrate multiple functions, including trading platforms, custody services, proprietary trading, brokerage services, and token issuance.
BIS, by the global
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Warren Buffett steps down, Greg Abel takes over Berkshire Hathaway for 100 days: the management style of the investment empire is being rewritten
Berkshire Hathaway's new CEO Greg Abel has been in office for 100 days, demonstrating a management style more assertive than Buffett's. He has restarted the buyback program and redefined Apple and three other companies as core holdings.
According to The Wall Street Journal, within just 100 days of taking office, Greg Abel, the new CEO of Berkshire Hathaway, has already begun to show significant changes in this investment empire built by Warren Buffett over decades. To the market, Greg Abel is not only Buffett's designated successor but also the person who will determine Berkshire's capital allocation, subsidiary governance, and investment style over the next ten years.
The 63-year-old Buffett successor, Berkshire Hathaway CEO Greg Abel
----------------------------
Greg Abel is 63 years old and has been in office since January of this year.
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Can retail investors buy overseas cryptocurrency ETFs? The Financial Supervisory Commission: Will reevaluate whether to allow omnibus account trading after receiving the report
Taiwan has allowed professional investors to "sub-entrust" investments in overseas virtual asset spot ETFs for over a year. When will retail investors get their turn? The Financial Supervisory Commission has provided an answer.
One-year observation of sub-entrust business, professional investors lead the way in testing the waters
----------------------
Taiwan's financial market's acceptance of virtual assets is reaching a new milestone. The FSC first issued relevant notices in September 2024, officially approving domestic securities firms to facilitate the trading of virtual asset spot ETFs listed on overseas exchanges through "sub-entrust" channels. The initial implementation of this policy was quite strict, limited to participation by professional investors as defined by regulations.
Image source: FSC The FSC first issued relevant notices in September 2024, officially approving domestic securities firms to facilitate the trading of virtual asset spot ETFs listed on overseas exchanges through "sub-entrust"
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BIS Warning: Crypto Exchanges Have Become "Shadow Banks"! User Funds Face Unsecured Risks
The Bank for International Settlements (BIS) has released a report warning that cryptocurrency exchanges are shifting toward becoming “Multifunction Crypto-asset Intermediaries,” and that, in the absence of a regulatory firewall, they are consolidating conflicting functions such as trading, custody, and proprietary trading.
From trading platforms to “all-around institutions,” MCIs are blurring the boundaries of finance
--------------------------
The Bank for International Settlements (BIS) has recently issued a research report of up to 38 pages, revealing that major global cryptocurrency exchanges are rapidly transforming into “Multifunction Crypto-asset Intermediaries” (Multifunction Crypto-asset Intermediaries, abbreviated as MCIs). Under a single corporate structure, these institutions highly integrate multiple functions, including trading platforms, custody services, proprietary trading, brokerage, and token issuance.
BIS by the global
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From $200k turning into $3 billion! FTX “sold Cursor equity off for peanuts,” and now Musk is showering big money to buy it
Cursor is acquired at a $60 billion valuation by Elon Musk’s SpaceX, causing the value of its 5% stake to surge to $3 billion. However, the FTX liquidation team had already sold it off at the original price for cheap, missing out on a 15,000-fold return.
Recently, the bankrupt cryptocurrency exchange FTX has once again become a hot topic in the market. The reason is not the progress of creditor compensation, but because the equity in the AI startup Cursor—sold by the FTX bankruptcy liquidation team for just $200,000 a few years ago—is now worth around $3 billion, with potential returns as high as 15,000 times.
Earlier this week, SpaceX, led by the world’s richest man Elon Musk, threw a bombshell into the market and announced it has acquired the right to buy the AI startup Cursor for $60 billion; if the deal ultimately cannot be completed,
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Can retail investors buy overseas cryptocurrency ETFs? Financial Supervisory Commission: Will evaluate whether to allow omnibus trading after receiving reports
Taiwan has allowed professional investors to "sub-entrust" investments in overseas virtual asset spot ETFs for over a year. When will retail investors get their turn? The Financial Supervisory Commission has provided an answer.
One-year observation of sub-entrust business, professional investors lead the way in testing the waters
----------------------
Taiwan's financial market's acceptance of virtual assets is reaching a new milestone. The FSC first issued relevant notices in September 2024, officially approving domestic securities firms to use the "sub-entrust" channel to entrust the buying and selling of virtual asset spot ETFs listed on overseas exchanges. The initial implementation of this policy was set with strict restrictions, limited to participation by professional investors as defined by regulations.
Image source: FSC The FSC first issued relevant notices in September 2024, officially approving domestic securities firms to use the "sub-entrust"
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Polymarket Paris Temperature Market Shocked by Cheating: To win the bet, he used a "hairdryer" to blow on the weather sensor
Charles de Gaulle Airport’s weather sensors in Paris were shockingly manipulated in April 2026 by people using hair dryers to heat the sensors, causing data abnormalities to spike rapidly and ultimately manipulating Polymarket’s temperature prediction market.
Can hair dryers also be monetized? Alleged human interference at Paris airport sensors
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The decentralized prediction market Polymarket has recently become a focus of public attention, as a dramatic incident involving “human climate intervention” has drawn interest. According to a report by Le Monde and analysis of on-chain data, several speculators are suspected of manually heating weather observation sensors using hair dryers near Charles de Gaulle Airport in Paris (CDG), causing the local measured temperature to spike temporarily, thereby manipulating the outcome of Polymarket’s prediction market for “Paris daily maximum temperature.” The incident led traders
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Trump WLF co-founder accused of drug possession? The truth is, it's old news from 2022 being recycled; the case has long been closed.
Closely tied to Donald Trump, the cryptocurrency project World Liberty Financial, CEO Zach Witkoff, has recently had a video—allegedly from 2022—showing him being arrested over suspected drug possession go viral.
A Miami nightclub altercation leads to a search; police bodycam reveals events from four years ago
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World Liberty Financial ($WLFI), a cryptocurrency project closely associated with U.S. President Donald Trump, has recently been swept up in a public-opinion storm. A police law-enforcement bodycam footage showing him being arrested in 2022 for suspected possession of drugs suddenly went viral online. The footage was produced by the independent media outlet《The
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Taiwan's financial industry is developing its own AI! The FinLLM project has invested nearly 70 million yuan; here's a sneak peek at the development timeline and highlights
Sixteen financial institutions in Taiwan are promoting the FinLLM project, investing nearly NT$70 million to build a Taiwan-specific financial large language model. By internalizing local regulations, they aim to address the pain points of general AI making errors more easily. The first bank-focused model is expected to be released by the end of this year.
Sixteen financial institutions join forces to develop AI FinLLM for Taiwan’s financial industry
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As the generative AI wave sweeps across the globe, general large language models often face pain points such as insufficient localization and difficulty integrating knowledge of Taiwan’s financial industry operations and regulatory requirements when handling specialized financial fields.
In response, the Financial Technology Industry Alliance announced yesterday (4/22) that it has officially launched the Financial Large Language Model project (FinLLM). The initiative brings together 16 domestic financial institutions and combines industry, government, and academia resources—including those from the National Development Council, the Digital Development Department, and the Financial Supervisory Commission—to participate jointly.
According to the Economic Daily News
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BIS Warning: Cryptocurrency Exchanges Have Become "Shadow Banks"! User Funds Face Unsecured Risks
The Bank for International Settlements (BIS) has released a report warning that cryptocurrency exchanges are shifting toward becoming “multifunction crypto-asset intermediaries.” In the absence of a regulatory firewall, conflicts of interest will be consolidated by integrating functions such as trading, custody, and proprietary dealing.
From trading platforms to “all-in-one institutions,” MCIs are blurring the boundaries of finance
--------------------------
The Bank for International Settlements (BIS) has recently issued a research report that is 38 pages long, revealing that major global cryptocurrency exchanges are rapidly transforming into “Multifunction Crypto-asset Intermediaries” (MCIs). Under a single corporate structure, these institutions highly integrate multiple functions, including trading platforms, custody services, proprietary trading, brokerage business, and token issuance.
BIS, by the global
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Originally $200k could become $3 billion! FTX sold Cursor equity cheaply, now Musk is pouring in big money to buy it.
Cursor’s stake valued at $3 billion after SpaceX, led by Elon Musk, agreed on a $60 billion valuation buyout, causing that 5% equity’s value to skyrocket to $3 billion. However, the FTX liquidation team had already sold it at the original price, missing out on a 15,000-fold return.
Recently, the bankrupt cryptocurrency exchange FTX has once again become a hot topic in the market. The reason is not the progress of creditor compensation, but because the AI startup Cursor equity, which the FTX bankruptcy liquidation team sold for just $200,000 years ago, is now worth about $3 billion—potentially a return as high as 15,000 times.
Earlier this week, SpaceX, led by the world’s richest man Elon Musk, dropped a major shockwave in the market by announcing it had obtained the right to acquire the AI startup Cursor at a valuation of $60 billion; if the acquisition ultimately cannot be completed,
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