PA Daily | "Stock God" Buffett announces retirement at the end of the year; Arthur Hayes: U.S. bond pressure and stereotypes may hinder U.S. bitcoin increase holdings
Reprinted from panewslab
05/04/2025·1MToday's news tips:
1. "Stock God" Buffett announced that he will retire at the end of the year
2. Arizona Governor vetoes the state’s strategic Bitcoin Reserves Act SB 1025
3. The new version of the US GENIUS stablecoin bill was jointly opposed by 10 senators
4. Fidelity Investment: Bitcoin may surpass gold's dominance at any time
5.Arthur Hayes: U.S. bond pressure and stereotype problems may hinder U.S. Bitcoin increase
6. Binance and Kyrgyzstan State Investment Agency signed a strategic memorandum of understanding
7. In 2015, the giant whale with 76,000 ETH recharged 2,500 ETH to Kraken
8. A whale sold TRUMP that was bought at high prices, gave up $483,000 in profit and lost $900,000 in principal
Regulatory/Macro
"Stock God" Buffett announced that he will retire at the end of the year
American investor Warren Buffett announced at Berkshire Hathaway's annual shareholder meeting that he planned to retire at the end of the year, shocking shareholders present. Buffett said he would recommend Greg Abel, vice chairman of non-insurance business, to the Berkshire Hathaway board of directors, to take over as CEO at the end of the year, saying he believes the time for Greg to be the company's CEO is ripe. According to the Associated Press, Buffett made the announcement after the five-hour question-and-answer session, and did not answer any related questions. Buffett said the only people on the board of directors who knew about it were his two children, Howard Buffett and Suzy Buffett.
Related readings: "2025 Buffett Shareholders' Meeting 800-word Essence Edition and Full Text 》
Arizona Governor vetoes state's strategic Bitcoin reserve bill SB 1025
According to Arizona official website documents, Arizona Gov. Katie Hobbs rejected Senate Bill 1025 (SB 1025), which would have allowed public funds to be invested in virtual currencies. In a veto statement, Hobbs said the Arizona retirement system is one of the most robust retirement systems in the United States, thanks to its robust and wise investment strategy. She stressed that state-minister's pension funds are not suitable for unproven investments such as trying virtual currencies.
10 senators jointly oppose the new version of the US GENIUS stablecoin bill
U.S. Senator Ruben Gallego and nine other senators issued a joint statement saying they could not support the updated version of the GENIUS stablecoin bill released last week. The team pointed out several concerns, including insufficient provisions on anti-money laundering, national security and financial system security. It is worth noting that four Democratic senators on the list, Gallego, Warner, Kim and Blunt Rochester, supported the original version of the bill during a Senate Banking Committee review in March. Angela Alsobrooks, the bill's co-sponsor, did not sign the letter.
Fidelity Investment: Bitcoin may surpass gold's dominance at any time
Jurrien Timmer, global macro director of Fidelity Investment, published an article in detail to analyze the dynamic relationship between Bitcoin and gold. He cited data from Fidelity Management and Research (FMR Co) and Bloomberg to analyze trends in the Sharpe ratios, an indicator of risk-adjusted returns, of the two assets, and pointed out that their relative performance may be at a turning point. Investors and users may witness the handover of the baton from gold to Bitcoin.
Nvidia is designing a new special edition AI chip, and has informed three Chinese companies
According to Jinshi, after the H20 chip targeting the Chinese market was banned by the US government, the major American chip manufacturer Nvidia is stepping up the development of another artificial intelligence (AI) chip that meets US export regulations to continue to retain its market share in China. According to reports, according to US media reports, Nvidia has informed three Chinese companies that it is adjusting its AI chip design and seeking to continue to supply products to China without violating US export controls.
Arthur Hayes: U.S. debt pressure and stereotype problems may hinder U.S. Bitcoin stake
BitMEX co-founder Arthur Hayes recently said that although the U.S. government currently holds about 198,000 bitcoins (worth over $18 billion), it is unlikely that the U.S. will increase its Bitcoin reserves through direct purchases due to two major factors. One is the pressure on national debt, and the other is the public's stereotype of Bitcoin investors (the so-called "Bitcoin bros"). Hayes believes that this negative stereotype will affect policy makers’ decisions.
Binance and Kyrgyzstan State Investment Agency sign strategic memorandum of understanding
According to Binance’s official blog, Binance has signed a strategic memorandum of understanding with the Kyrgyzstan State Investment Agency to accelerate the development of the country’s digital asset industry. Crypto payments will be brought to Kyrgyzstan through Binance Payment and will rely on the expertise of Binance Academy to support the educational program. This cooperation marks an important step forward in Central Asia to establish a sustainable, innovative and friendly crypto ecosystem.
Project News
Treasure DAO capital chain extends to fall 2026, but does not include MAGIC library
@smoldev__, co-founder of the Chainyou Ecosystem Treasure DAO, posted that Treasure has extended its USDC capital chain to fall 2026, excluding the recovering MAGIC treasury. More information will be released in Monday's quarterly report.
Earlier on April 3, John, chief contributor of the chain game ecosystem Treasure DAO, announced that he will terminate game operations and Treasure Chain due to deteriorating financial conditions. The documents show that its annual operating expenses are as high as US$8.3 million, while the current treasury is only US$2.4 million, which was originally expected to be maintained until July 2025. Faced with the pressure of survival, DAO has laid off 15 employees and decided to terminate game release support and Treasure Chain to assist partners in moving to other chains.
Important data
Bitcoin mining difficulty is reduced by 3.34% this morning to 119.12 T
According to CloverPool data, the Bitcoin network completed a new round of difficulty adjustments on 2025-05-04 05:00:13 (block height 895,104), and the difficulty value was reduced by 3.34% to 119.12 T. The current average computing power of Bitcoin network is 885.45 EH/s, and the next difficulty adjustment is expected to be carried out in about 13 days and 3 hours.
In 2015, the giant whale with 76,000 ETH recharged 2,500 ETHs to Kraken
According to monitoring by on-chain analyst Aunt Ai (@ai_9684xtpa), a related address of the "2015 ICO 76,000 ETH giant whale" recharged 2,500 ETH to Kraken in the past 14 hours, about US$4.59 million, with a cost as low as US$0.31. The associated address also holds 13,500 ETH and may be sold in the near future.
According to EmberCN monitoring, "Whale, which sold TRUMP before the announcement of the Trump dinner plan, missed $3.8 million in profits" sold its second high-raised TRUMP three hours ago, giving up profits and losing $900,000 in principal.
In the early morning of April 23, the whale sold 630,000 TRUMPs for $8.7, making a profit of $483,000. After that, Trump's dinner plan was announced, the price of TRUMP soared to $16, and the giant whale missed $3.8 million in profits;
The whale bought TRUMP at a high price of $15.39 on April 27;
The price of TRUMP fell 13% early this morning, and the giant whale cut its pork to sell its second purchase of TRUMP for $11.29 3 hours ago. Repay the first $483,000 profit and lose $900,000 in principal.
A giant whale or institution sells 220 WBTC, with a profit of up to US$13.37 million
According to analyst Ember Monitor, a giant whale/institution sold 220 WBTC on the chain for $95,710 for USDT 21.06 million. The 220 $WBTC brought him a profit of 13.37 million (+174%): it was purchased in November 2023 for $34,938.
other
French Interior Minister Bruno Retailleau forwarded a news report on X platform. The news content is that the father of a crypto-rich man was kidnapped and extorted in Paris and has been rescued. It is reported that the crypto-rich has a company managing cryptocurrency in Malta. His father was kidnapped at around 10:30 am on Thursday and was then asked to pay 5-7 million euros in the form of a transfer. Currently, four people involved have been arrested and detained. Relevant news has not disclosed the name of the crypto-rich.
jinse