According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

On May 2, at Berkshire Hathaway’s annual shareholders meeting—its first since Warren Buffett stepped down as CEO earlier this year—new chief Greg Abel noted the company has long taken a cautious stance on using and managing artificial intelligence, in stark contrast to peers actively reshaping or rebranding their businesses around AI. “AI has to deliver incremental value to our business,” Abel said. “We won’t use it just for the sake of using it.” Abel added Berkshire will deploy AI in a narrow scope, with a focus on generating tangible value. He also noted the technology carries certain risks for society, and the firm will factor those into its AI efforts. Meanwhile, data center construction and their grid electricity demands are creating major growth opportunities for utility companies—though energy demand remains well below peak load capacity. Ahead of the meeting, Berkshire’s latest financial report showed its cash reserves hit a record high of nearly $400 billion.

On May 3, Warren Buffett told CNBC in an interview: “The current market environment isn’t ideal for deploying Berkshire Hathaway’s funds.” He noted Berkshire’s top-tier management team is capable of both seizing opportunities and waiting patiently for the right targets. Berkshire Hathaway hosted its annual shareholder meeting on May 2 — the first since Buffett stepped down as CEO earlier this year, handing the role to Greg Abel. Ahead of the meeting, the company’s latest financial filing revealed its cash hoard hit a record $400 billion. Buffett added that while outsiders might see Berkshire as inactive at times, the company acts decisively when the moment is right. He acknowledged the reluctance to deploy large sums of capital stems in part from sky-high overall market valuations. When asked when the right time to invest would be, Buffett said it would come when “no one is willing to pick up the phone” — a sign the opportunity will naturally present itself.

May 3 (Xinhua) — U.S. media reported Wednesday (May 2) that Iran has dropped its demand that the U.S. lift its blockade of the Strait of Hormuz prior to face-to-face talks between representatives of the two countries, according to Tehran’s latest negotiation proposal.

On May 3rd, per monitoring from HyperInsight, as Bitcoin (BTC) continued its rally and broke above $78,000, the BTC short position of the "pension-usdt.eth" whale exceeded $78 million—pushing its unrealized loss higher to roughly $10 million. The short was opened at an average price of $67,992, with a liquidation price of $100,667.6. It has been held since April 2nd (one month) with no trading activity in between. Additionally, the whale holds an ETH short position worth approximately $46 million, currently facing an unrealized loss of around $3.4 million.

May 3 — Wasabi Protocol issued a security incident update confirming users can now safely interact with the protocol’s smart contract to withdraw remaining funds. The project team noted they are working diligently behind the scenes to push forward with related follow-up work. However, since the incident remains under active investigation, they cannot disclose additional details at this time. They will share the latest developments with the community as soon as circumstances allow.

May 3rd — On-chain analyst Ai Auntie (@ai_9684xtpa) reports that two addresses tied to a single Dogecoin whale withdrew a total of 11.68 million DOGE between November and December 2024, at an average price of $0.415. After lying dormant for 18 months, the funds were transferred to a new, unconfirmed address one hour ago. The whale’s assets have lost $3.59 million in value over this period.