Trump: Currently considering increasing investment to around $13 trillion

On May 16th, Ben Pasternak, the founder of Believe, posted on social media and said, "I have noticed a great deal of concern regarding fees, and there will be more explanations to come. In brief: We are dealing with a high volume of transactions, which is causing problems in many systems. We are actively working on resolving them. I have witnessed many misunderstandings about fees on X. All creators will receive the fees as originally planned, but it may take some time to fix the issue."

On May 16th, Heritage Distilling Holding Company, Inc., which is a publicly traded company on the US stock market and a craft spirits distillery, announced that its board of directors has given the final approval to its cryptocurrency treasury reserve policy. This policy is an integral part of the company's broader sales and financial diversification strategy. It makes Heritage Distilling Holding Company, Inc. one of the first in the craft spirits industry to accept Bitcoin and Dogecoin as payment for products and services through its e-commerce platform. Additionally, the company is allowed to acquire and hold cryptocurrency as a strategic asset.

On May 16th, Palmer, a senior stock research analyst at Benchmark, stated in a research report that Coinbase disclosed a significant cybersecurity vulnerability on Thursday and confirmed that the U.S. Securities and Exchange Commission (SEC) is conducting an investigation into its past user metrics. This is in sharp contrast to the news from earlier this week that the company was going to join the S&P 500 Index. Palmer hypothesized that this network attack was more of a one-off event, and the SEC's investigation "is just a distraction and is unlikely to have any substantial impact on any bullish argument for the company's stock." (Golden Finance)

May 16: According to @ai_9684xtpa, a whale employed leverage to purchase 8613 ETH within the past hour. The total value amounts to $22.43 million, and the average purchase price is $2612.33. Currently, they have used 8613 ETH as collateral to borrow 10 million USDT. The health factor is 1.86. A liquidation will be initiated if the price of ETH drops to $1399.

On May 16th, as reported by Cointelegraph, a filing submitted to the U.S. Securities and Exchange Commission (SEC) on May 15th, 2025, disclosed that Berkshire Hathaway has completely sold off its holdings in the parent company of Nubank, Nu Holdings, thereby effectively ending its investment in the digital bank. Berkshire Hathaway started to reduce its 40.2 million shares of Nubank stock in 2024. Approximately 20.7 million shares were sold in the third quarter at an average price of $13.46 per share. In the fourth quarter, another 46.3 million shares were sold at an average price of $13.22 per share. The final batch of 40.2 million shares was sold in the first quarter of 2025 at an average price of $11.83 per share. These transactions ultimately led to Berkshire Hathaway realizing approximately $250 million in total gains from its initial investment.

On May 16th, as monitored by Onchain Lens, during the past two days, a whale that had been inactive for 9 months deposited 200,355 LINK into Binance (valued at approximately $3.27 million), having an unrealized gain of $1.08 million.
Nine months ago, the whale amassed 345,786 LINK with $4.56 million, and its wallet still holds 145,430 LINK, which is worth around $2.37 million.