6 days ago
Billionaire Warren Buffett has recorded billions of dollars in gains this year despite the global market selloff, according to a new report. Buffett’s net worth is now $153.5 billion after surging $11.5 billion this year alone, reports Bloomberg. Buffett’s gains stand out amid the tariff-induced selloff triggered by President Trump, which wiped trillions of dollars from global equities. And his gains come despite this month’s sell off, which reduced Buffett’s net worth by $14.5 billion. Buffett, who is now ranked fourth among global billionaires, is one of only two in the top 20 that grew richer this year. He’s alongside L’Oreal heiress Francoise Bettencourt Meyers, who has added $1.8 billion. After the tariff news hit, the top 500 billionaires shed over $500 billion in just two days. Elon Musk alone suffered a $134 billion loss, with net worth now standing at about $297 billion. Meanwhile, Berkshire Hathaway, Buffett’s conglomerate, saw an 8.8% share decline since April 2, outperforming the S&P 500’s 10.7% fall. The company’s relative resilience stems from its focus on the property and casualty sector, which remains less affected by global trade disruptions. Buffett has avoided major deals, while trimming stakes in Apple and Bank of America, which have both been hit hard by the tariffs. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Warren Buffett Adds $11,500,000,000 To Net Worth in Just 15 Weeks: Report appeared first on The Daily Hodl .
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Ripple an Early Investor in HashKey Capital New XRP Tracker Fund in Asia
The HashKey XRP Tracker Fund’s debut Friday marked the first of several planned collaborations between the Asia-based asset manager and Ripple Labs. The Daily Hodl
BNB Chain’s announces upgrade to $100m incentive program
BNBChain is upgrading its $100 million incentive program to feature direct token acquisition. According to an update , the change in approach follows ecosystem feedback that showed the initial liquidity program for memecoins, decentralized finance, artificial intelligence and gaming tokens among other projects on BNB Chain was not as effective as expected. BNB Chain initially announced the $100 million program aimed at incentivizing centralized exchanges to list native BNB Chain tokens in March 2024. The goal was to strengthen on-chain liquidity and to solidify market foundations, with projects earning rewards for listing on CEXs in a tiered approach. Top exchanges included Binance , Coinbase, Upbit, while tier two and three consisted of Kraken, Bybit, OKX and Bitget, MEXC, Gate.io, KuCoin, Crypto.com respectively. Rewards ranged from $10k to up to $500k. You might also like: Crypto exchange Kraken to add support for Binance-backed BNB token According to BNB Chain, feedback after a three-week pilot showed this model wasn’t working, which is what prompted the change. Rather than the incentives aimed at through listings, the BNB Chain now plans to support high-performing projects via direct investments. Projects with a market cap of over $1 million and average daily active traders exceeding 300 or total value locked of $20 million can enter a “qualified pool.” Other metrics, including security, will apply, with selected projects seeing BNB Chain Foundation purchase $100,000 worth of tokens. “BNB Chain Foundation also keeps the flexibility to decide when to purchase tokens and how to handle the purchased tokens,” the platform wrote. This initiative eyes tokens that qualify as being 100% BNB Chain native, with this tag extended to those that have successfully migrated from other chains. The blockchain has seen an influx of new projects as developer activity spikes across DeFi, AI, web3 gaming, and memes. Some of these new launches include infra project Quex Tech, payments solution Crypto Use, AI-powered web3 launchpad BNB4.AI and Market.Win, an oracle data-based prediction market. You might also like: Interview: BNB Chain on hosting Trump-affiliated USD1 stablecoin The Daily Hodl
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OM Coin Seeks Recovery as Market Holds Steady
2 saat önce
