Changxin Technology’s intraday market capitalization exceeded 4 trillion yuan, with its shares surging 14.3% to a new record high.

Strategy founder Michael Saylor stated during today's earnings call: "When STRC went public, it took us approximately 70 trading days to return to par value. Some may have forgotten our IPO was priced at $90, and it took 70 days to rebound to par. If we count from when STRC fell below the $99–$100 trading range, 40 trading days have elapsed as of today. Taking May 28, the day it broke below the range, as the starting point, counting forward 70 trading days lands around September 8. We are closely monitoring this date and tracking our progress. We will focus on restoring STRC to health. We believe that since we achieved this within 70 days post-IPO, setting a 70-day recovery target after breaking below the range is reasonable. We have sufficient means to bring STRC back to par value."

Cathie Wood’s Ark Invest yesterday reduced its holdings of 12,745 shares of Bullish stock (valued at approximately $287,000) and 33,560 shares of BitMine stock (valued at around $606,000).

Bitget PoolX will list the project Space and Time (SXT). Users who lock SXT can split a total of 2,500 UNI, with an individual lock cap of 80 million SXT. The lock-up window is open from 18:00 UTC+8 on July 31 to 18:00 UTC+8 on August 5.

Co-founder of self-custody wallet Ready, Itamar Lesuisse, stated that Paris-based crypto card issuer Kulipa has suddenly ceased operations. Ready shut down its card business on Wednesday, with automatic refunds for eligible card subscriptions. Due to Ready’s self-custody model, user assets remain unimpacted; the card deducts funds directly from users’ wallets at the time of transaction, meaning Kulipa held no customer balances when it suspended operations. Ready is currently developing follow-up products based on new infrastructure. Previously, Solflare announced that its card-issuing partner Kulipa stopped operations due to solvency issues. (The Defiant)

According to market data from BIT (bit.com), Tesla and SpaceX’s post-market share prices rose 1.88% and 0.83% respectively, driven by merger rumors. Earlier reports indicated that Tesla’s advisors have started discussing a spin-off plan to divest its China business, a move designed to pave the way for a potential merger with SpaceX.

Bhutan’s Gelephu Mindfulness City has appointed digital asset management firm 3iQ to manage a portion of its Bitcoin reserves. The two parties did not disclose the actual amount of assets under management, custody arrangements, or whether the mandate allows for lending, derivatives trading, and other yield-generating strategies. Earlier reports noted that Bhutan would allocate 10,000 Bitcoin (worth approximately $875 million) from its Bitcoin reserves for the construction of the Gelephu Mindfulness City.