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On May 2, Berkshire Hathaway A (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, exceeding market expectations of $89.274 billion. The net profit was $10.106 billion, compared to $4.603 billion in the same period last year, while market expectations were $11.762 billion. (Jin Shi)
Tokenized US Treasurys were one of the biggest growth areas of the RWA market, rising from a market capitalization of $3.9 billion at the start of 2025 to more than $15 billion.
Market data shows that BTC has fallen below $78,000, currently priced at $77,977.99, with a 24-hour increase of 1.9%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 2, U.S. President Trump stated that the United States will currently "not leave" the Strait of Hormuz. He defended the U.S. blockade actions, describing them as "very strong." Trump claimed that the blockade measures are effective and asserted that once the war is over, energy prices will significantly drop. "After this war ends, the prices of oil, gas, and everything will plummet," he said. He also praised the U.S. stock market for reaching historic highs and noted that projects during his administration are being completed "on time" and "on budget." (Jinshi)
On May 2, U.S. President Trump stated that he ultimately has two options regarding Iran: either escalate military action significantly or reach an agreement. 'There are indeed options. Do we want to go in and blow them to smithereens to solve the problem once and for all? Or do we want to try to reach an agreement? Those are the options on the table,' Trump said. He also confirmed that he had just received the latest briefing on military options from the U.S. Central Command the previous night. Trump expressed his personal inclination not to restart bombing operations. 'From a humanitarian standpoint, I prefer not to do that,' he said at the White House. (CNN)
On May 2, U.S. President Trump stated: 'Regarding Iran, I am not satisfied with the latest proposal. We are negotiating over the phone, and I am not sure if we can reach an agreement.' (Jinshi)
On May 1, U.S. Treasury Secretary Benset posted on the X platform, stating that it is difficult for a mouse in a sewer pipe to know what is happening in the outside world. Here are some 'realistic scenarios' for the Iranian leadership—after all, they are indeed in a dark state of information isolation: 1. The U.S. has complete control over the Strait of Hormuz. 2. There is a shortage of hard currency (i.e., U.S. dollars). 3. Rationing of food and gasoline has been implemented. 4. The entire international community has turned against you. 5. The blockade will continue until freedom of navigation is restored to what it was before February 27.
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