spending

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."

According to a16z crypto, the monthly spending on crypto payment cards has grown from a niche scale to $759 million. These cards allow users to pay with cryptocurrency in all scenarios that support traditional card organizations, with stablecoins converted to local currency at the point of sale, making it no different for merchants than regular card transactions.As of July 31, looking at the spending composition from various card programs, RedotPay has long held the majority share, while EtherFi, KAST, Karta, and others have gradually increased their share since the end of 2025. a16z crypto states that crypto cardholders do not need traditional bank accounts and can deposit stablecoins with the issuer or hold them directly through self-custody. These cards have expanded global users' access to dollar accounts and provided a convenient spending method for stablecoin holders.

Bitcoin developer Kevin Loaec warned that if a Bitcoin fork related to the controversial proposal BIP-110 occurs this weekend, holders may face the risk of real BTC being transferred when selling forked chain tokens.The proposed Bitcoin fork is associated with the controversial BIP-110 proposal and may generate duplicate balances on two chains, leading holders to attempt to sell seemingly free forked coins.Since both chains initially accept the same transactions, selling forked coins could trigger a replay attack, simultaneously spending real Bitcoin from the seller's main chain. Developers stated that there is a lack of built-in replay protection at least until early September, and non-professional users should avoid transferring Bitcoin during the potential fork.

According to a report by Jinshi, the economic bulletin released by the European Central Bank on Monday pointed out that after the outbreak of the Iran war, household consumption in the Eurozone has significantly declined, mainly due to a sharp deterioration in consumer confidence. In April of this year, the decline in Eurozone consumption reached twice the historical trend forecast level, with the scale of impact comparable to the household consumption response after the outbreak of the Russia-Ukraine conflict in early 2022.Data shows that since mid-2024, the nominal consumption growth rate in the Eurozone has averaged around 3% to 4%, but in April of this year, it dropped to about 2.5% year-on-year. The slowdown in consumption is mainly driven by higher-income households reducing non-essential spending.

According to Jinshi reports, the Korea Exchange has launched a sidecar mechanism for the KOSDAQ, suspending programmatic trading for 5 minutes.

According to Coin Bureau, the consumption amount of cryptocurrency payment cards reached $705.5 million in July, an increase of 12.2% compared to June, setting a new historical high and achieving growth for the fifth consecutive month.

According to Jinshi reports, Apple CEO Tim Cook stated that spending on memory in the third fiscal quarter was "significantly higher" than in the second fiscal quarter.

According to Jinshi reports, the Amazon CEO stated that there is a clear and strong financial return outlook in terms of artificial intelligence and AWS spending.

The cryptocurrency card project Tria announced the distribution of over $600,000 in rewards to ambassadors who promoted platform growth during Season One and Season Two, including a $250,000 ambassador bonus pool (distributed based on commission performance grading from Season One, with up to 50% additional rewards) and over $350,000 in card consumption commissions (covering card consumption and membership purchase shares for referred users from January 31 to June 30).The ambassador bonus will be available for claims on July 31, and card consumption commissions will be credited in the coming weeks, with regular distributions on the last Tuesday of each month thereafter. Tria stated that more incentive programs will be opened in Season Three, and the ambassador program continues to recruit.

Robinhood released its Q2 2026 financial report, with net revenue of $1.31 billion, a year-on-year increase of 32%, exceeding analysts' expectations of $1.28 billion; net profit of $573 million, a year-on-year increase of 48%; diluted earnings per share of $0.62, a year-on-year increase of 48%. Adjusted EBITDA was $741 million, a year-on-year increase of 35%, exceeding the expected $629 million. Net deposits reached a record high of $21.7 billion, with Gold subscription users reaching 4.8 million, a year-on-year increase of 39%. Cryptocurrency revenue was $100 million, exceeding the expected $86.6 million; options revenue was $342 million, a year-on-year increase of 29%. ARPU reached $187, a year-on-year increase of 24%.The company expects adjusted operating expenses and equity incentives for the full year to be $2.675 to $2.775 billion, lower than previous guidance and market expectations. During the period, Trump account registrations exceeded 7 million, with deposits nearing $1.5 billion; Robinhood Chain mainnet launched; Singapore obtained a capital markets services license; completed the acquisition of WonderFi. After the financial report was released, Robinhood rose about 4% in after-hours trading.

According to Jinshi reports, the Korean Exchange has activated the circuit breaker mechanism for the KOSDAQ index, suspending trading for 20 minutes.

According to CoinDesk, U.S. District Court Judge Katherine Menendez in Minnesota ruled that the state law classifying the operation of prediction markets as a criminal offense likely violates the federal Commodity Exchange Act (CEA), and granted a preliminary injunction to Kalshi, Polymarket, and the U.S. Commodity Futures Trading Commission (CFTC), suspending the enforcement of the state law.The judge found that prediction market contracts structurally fall under the category of "swap" products regulated by the CFTC, and that federal law takes precedence over state law, with the three plaintiffs "likely to prevail in a formal trial." Additionally, the judge noted that failing to suspend the enforcement of the law would cause "irreparable harm" to Kalshi and Polymarket. This preliminary injunction will remain in effect until a final judgment is made in the case.

The South Korean trading platform (KRX) triggered the sidecar mechanism due to fluctuations in the KOSPI index, suspending programmatic trading for about 5 minutes.The sidecar mechanism is mainly used to respond to severe fluctuations in a short period of time, limiting only programmatic trading while manual trading can continue normally. Unlike the circuit breaker mechanism, the sidecar mechanism does not suspend trading for the entire market and is more viewed as a "speed bump" during market volatility.In contrast, the circuit breaker mechanism is typically used in extreme market conditions and, once triggered, suspends trading for the entire market to prevent panic-induced fluctuations from further escalating.

According to Onchain Lens monitoring, in the past 24 hours, a certain whale spent 850 WETH to buy 572,900 LIT, worth 1.52 million USD.As of now, the whale has spent a total of 3.03 million USD to buy 1,358,000 LIT, with an average price of 2.23 USD.

According to the forecast data released by The Kobeissi Letter, the investment boom in the AI sector is reshaping the structure of the U.S. economy. It is expected that by 2027, the capital expenditure of the five major tech giants—Alphabet, Amazon, Meta, Microsoft, and Oracle—in the AI field will account for about 3.2% of the U.S. Gross Domestic Product (GDP).If this forecast comes to fruition, it will mark the first time in U.S. history that annual AI capital expenditure exceeds national defense spending (which is expected to account for about 2.7% of GDP next year).Data shows that this year (2026), the AI capital expenditure of these five companies is expected to exceed $800 billion, with its share of GDP sharply rising from 1.5% in 2025 to around 2.5%, nearing the estimated 2.7% for defense spending. By 2027, this figure is expected to soar further, reaching a record $1.1 trillion.

According to a report by CCTV Finance, Tesla will start limiting employee spending on artificial intelligence tools from the 6th of this month. Similar measures have also been adopted by several other American tech companies.It is reported that Tesla has issued an internal memo to employees announcing that starting from July 6, the spending limit for each employee on AI tools will be $200 per week, and any excess must be approved by a supervisor. However, spending by Tesla employees on the Grok model from xAI, owned by Musk, will not count towards the $200 limit.It is understood that Grok has low acceptance among Tesla employees, with most still choosing to use Claude from Anthropic.

Coinbase CEO Brian Armstrong published an article introducing the company's latest progress in AI cost optimization.Armstrong stated that as the usage of AI and Token consumption continues to grow, the key to controlling costs is not to restrict employee usage or frequently send budget reminders, but to optimize default model selection, task routing mechanisms, and caching strategies.He revealed that Coinbase is trying to use open-weight models such as GLM 5.2 and Kimi 2.7 as default options through an internal LLM gateway, while still allowing engineers to choose other models based on specific task requirements. Data shows that 91% of the company's employees have never reached the AI usage quota limit, so Coinbase has not chosen to tighten quotas but instead improved overall efficiency through lower-cost model solutions.In terms of model routing, Coinbase preprocesses prompts and, combined with cache hit rates and the pricing of different models, automatically assigns tasks to the most suitable model. Armstrong believes that complex tasks such as planning and reasoning may require support from cutting-edge models, but execution tasks do not necessarily need to invoke higher-cost models. In the future, the model selection process should be more automated by AI rather than relying on manual decisions.Additionally, he pointed out that cache hit rate is one of the important factors affecting AI costs. Coinbase has incorporated a cache-aware mechanism into the request process to improve the reuse rate of historical results. For example, in the case of LibreChat, after optimizing the caching solution, its cache hit rate has increased from 5% to 60%.Armstrong also stated that the company requires engineers to keep context as concise as possible, including starting new sessions when switching tasks, narrowing the context scope of files, and closing unused tools, to reduce unnecessary Token consumption.According to him, through these measures, Coinbase has successfully reduced AI spending by nearly 50%, while Token usage continues to grow.

According to Bloomberg, citing informed sources, Microsoft has established a substantial business by selling OpenAI models to Chinese companies, despite facing intensified competition between China and the United States in the field of artificial intelligence. Among them, ByteDance has been one of Microsoft's largest artificial intelligence clients in recent years, primarily using OpenAI models. Informed sources say that ByteDance's annual spending on Microsoft's artificial intelligence and cloud services is expected to exceed $1 billion.

According to on-chain analyst Ai Yi's monitoring, a certain whale has increased its position again after half a month. Three hours ago, it spent 10 million USDe to buy 5,817.33 ETH at an average price of $1,718.88; since May 18, it has cumulatively invested $30.6 million to build its ETH position, far exceeding the previous wave amount.

According to an official statement from Anthropic, on June 11 local time, the U.S. government issued an export control directive citing national security, requiring the suspension of access to Fable 5 and Mythos 5 for all foreign nationals. Anthropic was forced to shut down the aforementioned two models for all users.The government believes it has discovered a "jailbreak" method to bypass the protective mechanisms of Fable 5, but Anthropic, after review, pointed out that the related vulnerability is relatively minor and that similar capabilities exist in other publicly available models such as OpenAI GPT-5.5, which does not constitute an exclusive risk to Mythos.Anthropic stated that it will comply with the government directive but clearly opposes taking down commercial models that have been deployed to hundreds of millions of users based on the discovery of a single narrow-range jailbreak. They warned that if this standard is widely applied in the industry, it would effectively block all new deployments of cutting-edge models. The company is currently actively communicating with the government to restore access as soon as possible.