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Berkshire's first major portfolio adjustment revealed, spending $17 billion in the second quarter to bet on Google

Berkshire Hathaway submitted its 13F holdings report for the second quarter of 2026 to the U.S. SEC. The data shows that in the second quarter after Warren Buffett stepped down, the company's investment portfolio underwent significant adjustments, with a large purchase of Google’s parent company Alphabet, while reducing positions in the financial and consumer sectors.As of June 30, 2026, the total market value of Berkshire's stock holdings rose to $29.9 billion, up from $26.3 billion in the previous quarter. In the second quarter, the company added one new position, increased holdings in seven stocks, reduced holdings in six stocks, and completely sold out of one target, with the top ten holdings accounting for as much as 88.74%.Among them, Alphabet became the biggest highlight. In the second quarter, Berkshire cumulatively increased its holdings of Alphabet Class A and Class C shares by approximately 48.1 million shares, with the new holdings valued at over $17 billion, pushing Google to replace Bank of America as Berkshire's fourth-largest holding. Currently, its top five holdings are Apple, American Express, Coca-Cola, Alphabet, and Bank of America. In addition to Google, Berkshire also slightly increased its holdings in Delta Air Lines, Lennar, and Macy's. The increase in Delta Air Lines has attracted attention, as the market believes this move may reflect the company's optimism about the recovery of air travel demand and improvement in corporate operations.On the reduction side, Berkshire focused on cutting positions in the financial and consumer sectors in the second quarter. Among them, Bank of America saw a reduction of about 30.2 million shares, with the holding ratio decreasing by 5.89%, corresponding to a market value of about $1.72 billion, making it the largest reduction target; First Capital Financial reduced about 4.2 million shares, with the holding ratio decreasing by about 58%; at the same time, it reduced about 11 million shares of Kroger, with the holding size decreasing by about 22%.The market believes that Berkshire ended a streak of 14 consecutive quarters of net stock selling in the second quarter and net bought nearly $20 billion in stocks, indicating that the new leader Greg Abel is pushing the portfolio towards a technology growth direction, marking a shift in asset allocation in the "post-Buffett era."

Tether CEO responds to doubts after KPMG's first complete audit, we have proven ourselves multiple times

Tether CEO Paolo Ardoino, in an interview with The Block, responded to ongoing criticisms raised after KPMG U.S. completed its first full financial audit. He stated that some critics are unable to admit that their past judgments about Tether were wrong, and said, "Honestly, I don't care." Ardoino mentioned that Tether has repeatedly proven its resilience.He noted that in 2022, Tether processed $7 billion in redemptions within 48 hours, which was about 10% of its reserves at the time, and there was no pause in redemptions during that period. He believes that many traditional financial institutions would struggle to handle withdrawals of a similar scale in such a short time. He also stated that criticism itself is not a bad thing, as it makes Tether better and stronger. Even if some critics view it as a "villain," as long as Tether can continue to serve its claimed 650 million users who rely on USDT, especially in emerging markets, he does not mind.According to informed sources, Tether, as a private company, will not publicly share audited financial statements. The company plans to conduct a full audit once a year in the future while continuing to release quarterly attestation reports. Overall, the KPMG audit is an important step for Tether to enhance transparency, but controversies surrounding its reserves, disclosure levels, and systemic impact have not completely dissipated.

Ireland releases its first anti-money laundering strategy, which will strengthen the review of transfers to private crypto wallets

According to Decrypt, the Irish government has released its first national anti-money laundering (AML) strategy, which plans to strengthen the review of digital asset transfers involving self-hosted wallets and increase due diligence requirements for crypto companies when cooperating with overseas institutions.According to the announcement from the Irish Department of Finance, this strategy implements the remaining requirements of the EU's Transfer of Funds Regulation, which will require crypto asset service providers (CASP) to perform "enhanced checks" on transfers involving private wallets, while implementing stricter customer due diligence when conducting business with overseas crypto companies.The related measures are based on the Financial Action Task Force (FATF) Travel Rule, which requires the inclusion of sender and receiver information in digital asset transactions to enhance the transparency of fund flows. Ireland stated that the new regulations will be advanced in parallel with the EU's Markets in Crypto-Assets Regulation (MiCA).MiCA establishes a unified regulatory framework for crypto asset service providers, while Ireland previously granted a 12-month transition period for its domestic crypto companies, which is shorter than the maximum 18 months allowed by the EU. The transition period is set to end at the end of December 2025, so the new requirements will directly apply to companies that have obtained formal authorization.

SK Hynix's cash expenditure on equipment in the first half of the year exceeded 18 trillion won, an increase of over 70% compared to the same period last year

According to reports from South Korean media, SK Group Chairman Chey Tae-won received a salary of 1.75 billion won in the first half of this year.According to the Financial Supervisory Service, SK Corporation disclosed this information in its semi-annual report released that day. The chairman's salary level in the first half of this year is the same as the same period last year, and he did not receive any bonuses apart from his salary. The chairman's younger brother, SK Group Vice Chairman Chey Jae-won, received a salary of 1.5 billion won during the same period. SK Corporation President Chang Yong-ho received a total of 1.8 billion won, including 1 billion won in salary and 800 million won in bonuses.In addition, SK Supex Pursuit Council Chairman Yoon Bong-yong was disclosed to have received a total of 7.715 billion won, which includes 500 million won in salary, 800 million won in bonuses, and 6.415 billion won in compensation from 12,103 performance stock units (PSUs) granted three years ago. SK Hynix's sales from Nvidia in the first half of this year exceeded 17 trillion won, accounting for about 13% of the company's total sales.The average salary of SK Hynix employees reached 144 million won (approximately $104,000) in the first half of this year, an increase of 23% year-on-year. SK Hynix significantly increased its capital expenditures and research and development (R&D) investments in the first half of this year. Cash expenditures for acquiring tangible assets exceeded 18 trillion won, an increase of over 70% year-on-year. The number of small shareholders of SK Hynix has grown more than fivefold in a year, surpassing 3.46 million.

Harmony Protocol confirms the first round of issuance of 4 billion ONE and prepares to roll back

Harmony Protocol released an event update stating that an unauthorized ONE minting incident occurred. Investigations show that the attacker exploited a cross-shard receipt replay vulnerability, allowing processed cross-shard receipts to be executed multiple times, and minted ONE in empty blocks.The team is currently verifying two sets of impact data: early analysis indicates that the first round of minting involved 4 billion ONE, while the latest on-chain reconstruction shows that approximately 3.01 trillion ONE were issued to four attacker wallets through six forged cross-shard transactions. Harmony Protocol confirmed the first round of minting of 4 billion ONE, generated through two empty block accounting transactions that produced 1 billion and 3 billion ONE respectively, of which 2.8 billion ONE were subsequently transferred to other attacker addresses.The team has fixed the cross-shard receipt verification and pre-staking committee quorum verification vulnerabilities and deployed Mainnet v2026.1.1. Bridge services have been suspended, and Harmony Protocol is coordinating with validators, trading platforms, and LayerZero to freeze related funds, preparing to roll back the network to block 92,730,034 before the attack occurred. Currently, Shard 0 has been paused at block 92,753,555, and the official RPC may return a 502 error as a result.

The U.S. CFTC Innovation Advisory Committee will first discuss the regulation of crypto assets, AI, and prediction markets

The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The committee will hold its first meeting on August 20, focusing on regulatory issues in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the U.S. has long been a global center for financial innovation and hopes to explore how emerging technologies and financial products can drive market development through discussions with innovative entrepreneurs, researchers, and industry builders, and to jointly explore the "new frontiers of finance." The meeting will be live-streamed on the CFTC official website. Committee members and attendees will discuss topics such as the regulatory framework for digital assets, the impact of AI technology on financial markets, and the development of prediction markets. The public can submit relevant opinions by August 27, and these opinions will be publicly released through the U.S. Federal Regulations website Regulations.gov. The CFTC indicated that the meeting agenda may be adjusted based on the committee's subsequent focus.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and trends in market innovation, covering important areas such as digital assets and artificial intelligence that may influence the structure of future financial markets.
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