Berkshire Hathaway has shifted from a wait-and-see stance to taking action, bringing an end to its 14-quarter streak of net stock selling, with net purchases of roughly $20 billion in stocks during Q2.

US crude oil inventories are experiencing an unprecedented decline: total inventories have fallen for 17 consecutive weeks, the longest such decline period on record. This streak surpasses the previous record of 16 straight weeks of decline set in 2021. Since early April, total crude inventories have dropped by 166 million barrels to 712 million barrels, hitting their lowest level since March 1984. US Strategic Petroleum Reserve (SPR) inventories alone have decreased by 111 million barrels since March, currently standing at 305 million barrels, the lowest level since February 1983. Meanwhile, US gasoline inventories have declined for 10 consecutive weeks, matching the 2018 record.

According to monitoring by TheDataNerd, a large whale that shorted $102 million worth of Bitcoin using 40x leverage recently faced partial liquidations, suffering a $1.46 million loss over the past week. The whale has since added margin, cutting its short position to roughly $60 million. The position’s entry price is $64,212.5, and its liquidation price is $65,310.2.

After 25-year-old rising Wall Street AI stock prodigy Leopold’s hedge fund Situational Awareness faced a margin liquidation, Silicon Valley capital has instead launched a wave of pursuit for him. Insiders revealed that a large number of Silicon Valley investors have contacted the fund voluntarily within just a few days, expressing their willingness to add investment. Sequoia Capital partner Pat Grady publicly stated he will remain a key figure in Silicon Valley for the long term; veteran venture capitalist Elad Gil even announced his first application to invest in the fund; Redpoint Ventures managing director Logan Bartlett bluntly said, “There’s a hero archetype here—Leopold got punched, but it sparked everyone’s unity.” Despite the heavy blow, the fund has still posted around 80% positive returns this year, with its remaining portfolio valued at roughly $100 billion. However, Situational Awareness has informed investors it is temporarily not accepting new capital. In a letter to investors, Leopold announced he has unwound all leverage, characterizing the crisis as a costly but invaluable lesson, and will at least temporarily stop using bank prime brokerage services to amplify positions. This incident has laid bare the deep divide between Silicon Valley and Wall Street: Wall Street views it as a classic case of excessive leverage, with S3 Partners’ founder pointing out bluntly, “This is a super-concentrated, super-crowded, and super-high-leverage position”; Barclays even previously refused to take the fund on as a client citing excessive industry concentration; while Silicon Valley sees it as a buying opportunity at a low point. A New York University professor explained that Silicon Valley rewards those who make correct judgments on transformative technology directions, while Wall Street rewards those who generate risk-adjusted returns while preserving principal.

US Vice President Vance stated that some progress has been made in Iran negotiations over the past few days. Key focuses include maximizing oil and gas production in the Strait of Hormuz, and securing Iran’s commitment to refrain from firing on ships.

Nansen founder and CEO Alex Svanevik stated that Bitcoin’s current price of roughly $60,000 may have marked the low point of this cycle. “I personally don’t think Bitcoin will drop below $60,000 again— that’s a thing of the past, and I believe it’s forever,” he said. Svanevik’s assessment is rooted in Bitcoin’s role as a hedge against global central bank monetary expansion, with no signs of an imminent end to the global monetary easing cycle. He added that the crypto industry is undergoing a fundamental shift: crypto assets were previously in the “toy world” phase of blockchain, and are now entering the “real world” era. On the public chain ecosystem, Svanevik holds a long-term bullish stance on Solana, dismissing the view that it is merely a “meme coin chain” as completely absurd. He praised Solana for having “possibly the most effective business development (BD) team” and an “incredible team.” However, Svanevik refused to translate this positive outlook into a specific price prediction for SOL: “Intuitively, I would expect it to rise, but I can’t be certain.” Svanevik is also optimistic about Robinhood Chain, which launched just this July. He argues that it is emerging as a strong competitor to Base thanks to its outstanding user distribution capabilities, but judges that Robinhood is unlikely to issue a token. The reasons: first, it has no need to do so; second, as a Nasdaq-listed company, issuing a token would logically conflict with competing against its own stock. “All value should be channeled into HOOD stock,” he noted.

T. Rowe Price launched the industry’s first actively managed multi-token spot crypto ETF (ticker: TKNZ) in July. What caught the market’s attention wasn’t just its core allocation of roughly 60% to Bitcoin and Ethereum, but the fund’s inclusion of meme coins—currently Dogecoin (DOGE) at a ~1.26% weighting. Blue Macellari, the firm’s head of digital assets, led this strategy, whose core philosophy holds that true active management should not exclude mature meme coins with established history and market cap out of “intellectual arrogance”; if a coin has momentum or can boost portfolio performance, it should be added to give investors full market exposure, rather than only selecting “respectable” assets. Macellari further noted that meme coin trading is the most authentic “stress test” for blockchain networks: when a chain sees a meme coin boom, it best validates its scalability, near-instant settlement, low transaction costs, and reliability during congestion—all critical for the future large-scale adoption of stablecoins, as networks need to efficiently process large transfers worth hundreds of millions of dollars while also handling small payments of just a few dollars at low cost. T. Rowe Price evaluates tokens via a three-layer framework: blockchain technology and token economic models, ecosystem growth and adoption, and market momentum (including community sentiment on platforms like Crypto Twitter). The firm argues that sound judgment and active decision-making are more valuable in crypto assets than in any other asset class, and forecasts further segmentation of the crypto ETF market. The ETF currently holds 5 to 15 cryptocurrencies, with its investable scope set to expand as more tokens meet the SEC’s general listing standards.