🔥【May 16th】Overnight Important News Roundup


#BiyaPay #US Stocks #Hong Kong Stocks #Cryptocurrency


1️⃣ US stocks closed, S&P rose for the fourth consecutive day, Nasdaq ended its six-day winning streak, and the Magnificent Seven generally fell back.


2️⃣ Berkshire Hathaway significantly cut its holdings in bank stocks in Q1, liquidated its position in Citigroup, kept its Apple holdings unchanged, doubled its holdings in a beer manufacturer, and has a confidential position.


3️⃣ Alibaba-W (09988) fell more than 6% after earnings, with revenue for the fourth fiscal quarter falling short of market expectations, and revenue from Alibaba Cloud increased by 18%.


4️⃣ NetEase-S (09999) opened more than 10% higher, with adjusted net profit in the first quarter increasing by 32% year-on-year, and multiple long-term IPs refreshed records again.


5️⃣ BlackRock's BUIDL Fund completes its first DeFi protocol integration, connecting to the Avalanche on-chain lending platform Euler.


6️⃣ Solana ecosystem ticketing platform XP completes a $6.20 million seed round led by Blockchange, with participation from L1D and Reflexive.