Standard Chartered: More Sovereign Wealth Funds Expected to Purchase Bitcoin, Maintaining $500,000 Bitcoin Target by 2028

According to monitoring by TradingBeats (formerly Hyperinsight), the largest bullish whale on Changxin Technology (CXMT) on-chain initiated position liquidation today after maintaining a firm long position for a month, locking in a total profit of approximately $5.83 million. The whale has set up a Time-Weighted Average Price (TWAP) order to begin selling; its remaining position is currently valued at $14 million, with an unrealized profit of $3.83 million. The whale’s entry price was $6.62, and the current price stands at $8.82. During the holding period, it collected $2.17 million in funding fees paid by short sellers. Per Bitget market data, Changxin Technology’s stock price surged today, hitting a new high since its listing. By the close of trading, it closed at 61.8 yuan per share, up 12%, with a latest total market capitalization of 4.13 trillion yuan—making it the highest-valued individual stock on the A-share market, roughly 2.5 times the market cap of Kweichow Moutai.

AI oracle APRO, backed by YZi Labs, announced that Venus Protocol—a leading lending protocol on BNB Chain—has joined its Multi-Oracle Resilience Program (MORE). Under the partnership, APRO will provide reliable price feed services for Binance bStocks on Venus Protocol, further enhancing the reliability of its asset price feeds. The first batch of services covers four tokenized stock assets: SKHYB, NVDAB, SPCXB, and TSLAB. APRO stated that the MORE program mitigates risks from single oracle failures or attacks, while boosting the overall price stability and security of the DeFi ecosystem. The APRO team will continue to integrate more independent, verifiable data sources via the MORE initiative, building more resilient and reliable infrastructure for the on-chain ecosystem.

Last week, Strategy sold 3.46 million shares via an ATM program, raising $333.7 million. The company made no Bitcoin purchases, leaving its Bitcoin holdings unchanged at 840,447 BTC, with a total cost of $63.36 billion and an average cost of roughly $75,385 per BTC. The proceeds were used to pay preferred stock dividends, repurchase $132.2 million worth of STRC, and increase cash reserves. Its current U.S. dollar reserves stand at $4.8 billion.

Ultra-high-net-worth family offices from the Americas, Europe, and the Middle East have collectively built approximately $3.8 billion in positions in SpaceX. The largest single stake belongs to the family office of Nick Pritzker, heir to the Hyatt hotel fortune, which held roughly $1.8 billion worth of SpaceX positions as of the end of June; the stake was established just weeks after SpaceX’s public listing. Two key trends are emerging: First, family offices are reallocating capital from traditional portfolios to actively position themselves in long-cycle themes such as rockets, satellites, and AI infrastructure. Second, SpaceX’s secondary market capital structure is expanding beyond its original PE/VC holders to a broader group of ultra-high-net-worth investors and institutional players. Against the backdrop of SpaceX’s share price facing post-listing volatility, lock-up period selling pressure, and a short squeeze, the massive positions built by family offices have provided new buying support for the market.

According to Fox News, U.S. President Donald Trump today confirmed the existence of secret communication channels between himself and officials of Iran’s Islamic Revolutionary Guard Corps (IRGC). Details of U.S.-Iran negotiations were exposed several days ago, revealing that the Trump administration had bypassed Iran’s official negotiators to engage with the IRGC. In mid-May this year, when U.S. negotiators attempted to reach an agreement with Iran to end hostilities, they encountered a critical problem: they could not verify whether the Iranian representatives at the negotiating table truly represented the highly influential IRGC. As a result, Trump administration officials took an unusual approach—bypassing Iran’s official negotiators to directly contact senior IRGC leaders. The U.S. selected Nechirvan Barzani, President of the Kurdistan Region of Iraq, to oversee this secret channel, a choice based on his rare advantage of being trusted by both the U.S. and IRGC leadership. A key reason for the difficulties in U.S.-Iran negotiations is that Washington cannot determine who actually holds decision-making power in Iran.

Ultra-high-net-worth family offices from the Americas, Europe, and the Middle East have collectively accumulated a SpaceX stake worth approximately $3.8 billion. The largest single holding belongs to the family office of Nick Pritzker, heir to the Hyatt hotel empire, which held a SpaceX position valued at around $1.8 billion as of the end of June; the stake was established just weeks after SpaceX’s public listing. Two key trends are currently unfolding: First, family offices are reallocating capital from traditional allocations to actively position in long-cycle themes including rockets, satellites, and AI infrastructure. Second, SpaceX’s secondary market capital structure is expanding beyond its original PE/VC holders to a broader pool of ultra-high-net-worth and institutional investors. Against the backdrop of SpaceX’s share price facing post-listing volatility, lock-up period selling pressure, and a short squeeze, the large-scale positions built by family offices have provided new buying support for the market.