wealth

According to Wealth Management, AI wealth management company Savvy Wealth announced the completion of a $100 million Series C financing, with a valuation rising to $600 million. Halo Fund led the investment, with existing investors such as Thrive Capital, Industry Ventures, and Index Ventures participating. So far, its total financing has exceeded $200 million.Savvy Wealth's AI wealth management platform, Savvy Intelligence, utilizes large language models from OpenAI and Anthropic to train AI agents, supporting the integration of investment, tax, and financial planning data, and simplifying the wealth management process through AI. The new funds will primarily be used to expand the development of software products aimed at wealth advisors.

Bitget launches a VIP exclusive ETH financial management event, running from August 30 to September 4, targeting VIP users who participated in TMX PoolX from August 25, 20:00 to August 30, 20:00 (UTC+8).Relevant users can go to the "Easy Coin Earning" section to participate in designated ETH products, earning an additional 2% APR. The combined APR can reach up to 4.5% after adding the base earnings. Users do not need to register; eligibility for the event is automatically verified by the system, and specific parameters and actual earnings are subject to what is displayed on the Bitget page.

According to Forbes, thanks to early investments in tech companies like OpenAI and SpaceX, potential buyer of the NBA's Los Angeles Lakers, Josh Kushner, has seen his wealth grow nearly threefold this year, and the assets of his firm Thrive Capital have also nearly doubled due to bets on the artificial intelligence wave. As the founder of Thrive Capital, Josh Kushner previously earned substantial returns by investing in companies such as Instagram, Spotify, and OpenAI, and has become one of Silicon Valley's most successful venture capitalists in recent years.In recent months, Josh Kushner has frequently appeared at core events in the tech and capital circles. As the investment frenzy in artificial intelligence continues, venture capital firms that own core AI assets like OpenAI and SpaceX are becoming one of the biggest beneficiaries.It is reported that Josh Kushner is currently preparing to acquire the Los Angeles Lakers with former Disney CEO Bob Iger, with the deal valued at $1.25 billion. If completed, it will become one of the most notable capital operations in the history of professional sports in North America.

According to the Financial Times, the artificial intelligence boom is giving rise to a new class of super-rich individuals. This new wealthy class is keen on purchasing highly personalized luxury items such as private jets, yachts, and cars, and they are starting to use cryptocurrencies for payments.The report points out that the rapid accumulation of wealth related to AI is driving changes in the high-end consumer market, with cryptocurrencies appearing as a payment method in scenarios such as private aviation, yacht customization, and luxury car transactions, reflecting the practical application of digital assets among ultra-high-net-worth individuals.

Founder of Strategy, Michael Saylor, stated that Bitcoin integrates computers, digital networks, and cryptography to create the first currency network in human history designed in a digital manner. It completely dematerializes monetary assets, with supply controlled by public protocols rather than decisions, transforming economic value into information that can be securely transmitted across global communication networks.Compared to gold, Bitcoin is harder to inflate, easier to integrate with software, faster in transmission, and every participant has the incentive to maintain network security. The proof-of-work mechanism anchors it in the physical world, making the cost of tampering with history high by consuming real energy for ledger security, attracting miners, energy providers, and investors to collaboratively build a defense system. Bitcoin is digital gold, but understanding it as digital currency is more fitting.The Bitcoin network is not static software; it is an adaptive system composed of miners, nodes, developers, capital, and users. Bitcoin deliberately maintains functional simplicity, focusing solely on maintaining a secure and reliable ledger of scarce digital assets, leaving complexity to higher-level applications.This layered design of underlying integrity and upper-level functionality allows it to serve as a foundation for transmitting monetary energy across time and space while supporting continuous innovation in payments, credit, and financial services.The more profound impact is that Bitcoin creates a new form of digital sovereignty: private keys empower individuals to control economic energy without permission, with ownership verified by mathematics rather than institutions. Companies, banks, trusts, and applications can build a complete economic system around it, and social networks can introduce real costs and responsibilities into the digital space.Gold monetized physical scarcity, while Bitcoin monetizes digital scarcity. It is not merely a payment tool but an engineering solution to humanity's problems of energy preservation and guidance—currency is energy, and Bitcoin is the currency energy of the digital age.

According to The Block, K33 research director Vetle Lunde stated that by the end of the first half of 2026, the Norwegian sovereign wealth fund's indirect Bitcoin exposure through holdings in companies such as Strategy, Metaplanet, MARA, Coinbase, Block, and Tesla has risen to 11,549 BTC, a record high valued at approximately $725 million. This exposure grew by 21.2% in the first half of the year and by 60.5% over the past year, marking the sixth consecutive reporting period of increase.Among these, Strategy accounts for nearly 86% of the fund's indirect Bitcoin exposure, corresponding to approximately 9,914 BTC. As of June 30, the Norwegian sovereign wealth fund held about 1.17% of Strategy's shares, valued at $357.3 million at that time. Metaplanet corresponds to 671 BTC, MARA corresponds to 421 BTC, and Coinbase, Block, and Tesla correspond to 183 BTC, 120 BTC, and 97 BTC, respectively.K33 pointed out that this exposure is likely not the result of the fund actively allocating to Bitcoin, but rather an indirect effect of its broadly diversified investment portfolio. Currently, the related Bitcoin exposure accounts for about 0.03% of the fund's total assets.In addition, the fund has also gained indirect ETH exposure through the Ethereum treasury company BitMine for the first time. As of June 30, it held 6.15 million shares of BitMine, valued at $88.3 million, accounting for about 1.16% of the company's shares; based on BitMine's current ETH holdings, this corresponds to an indirect exposure of approximately 67,340 ETH.

According to The Defiant, the Government Pension Fund Global of Norway disclosed in its quarterly holdings document for the period ending June 30 that it holds 6,151,062 shares of BitMine Immersion Technologies (BMNR), with a market value of approximately $81.87 million.The fund did not list BitMine in its holdings report as of December 31, indicating this is a new disclosure, and the specific purchase time and cost have not been announced. It is reported that the total size of the fund reached 22.683 trillion Norwegian kroner as of June 30, with 72.1% allocated to stocks.

According to CNBC, Norway's sovereign wealth fund, which has a scale of $2.34 trillion, recorded a profit of over $18.2 billion in the first half of the year, setting a historical high for the same period, with an investment return rate of 9.4%. Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), stated that the performance was mainly driven by the strong performance of the stock market, particularly the rise of Asian technology stocks.In the latest semi-annual report, the fund disclosed its holdings in SpaceX for the first time, with a stake of about 0.05%, valued at just over $1.2 billion as of June 30. In comparison, it holds about 1.3% of Nvidia shares, valued at $61.8 billion; and about 1.2% of Apple shares, valued at $52.7 billion. The sovereign wealth fund managed by NBIM was established in the 1990s and primarily invests the country's oil and gas revenues. Currently, the fund invests in over 7,000 companies across more than 50 countries globally, holding about 1.5% of shares in publicly listed companies worldwide. Stock assets account for more than two-thirds of its overall investment portfolio, with U.S. stocks making up about 40% of the total investment portfolio.

As of June 30, the Norwegian Sovereign Wealth Fund holds 0.05% of SpaceX shares, valued at $1.22 billion.

According to Forbes' real-time billionaire rankings, Justin Sun surpassed Wang Jianlin with an asset worth $8.5 billion compared to Wang's $4.4 billion.In response, Justin Sun stated, "There are no waves, only awakenings. Wang Jianlin was once the god of versions, just as I was an unbelievable young person. The cruelest part of version updates is that those at the peak are always the last to notice.So if today a young person tells me something I don't understand, or even something I want to mock, I find it hard to have the same confidence as Wang Sicong. I would serve him a cup of tea and listen to him talk about his world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but believing in young people is always right."In 2019, after Justin Sun purchased a charity lunch with Buffett for about 31.54 million yuan, Wang Sicong shared related articles on his social media with a mocking caption.

According to Jinshi reports, U.S. President Trump stated that tariffs have made America wealthy.

According to Bloomberg, the South Korean government plans to inject 20 trillion won (approximately 13.9 billion USD) into the sovereign wealth fund Korea Investment Corporation (KIC), specifically for strategic investments in artificial intelligence, data centers, and infrastructure.

Bitwise CEO posted on the X platform that one of the world's largest wealth management companies has opened the Bitwise Solana Staking ETF BSOL to its advisors and clients.

According to Jinshi News, Baida Wealth Management pointed out that the market currently has an unusually high probability pricing for the Federal Reserve's interest rate hike. Senior U.S. economist Xiao Cui stated that while the risk of an unexpected rate hike cannot be completely ruled out, the current market pricing seems too high. The latest U.S. inflation data and statements from Federal Reserve officials have reinforced expectations that the Federal Reserve will keep interest rates unchanged at 3.5% - 3.75% this week.Cui also believes that Logan and Harmack in the committee may cast dissenting votes in support of a 25 basis point rate hike, and Kashkari may also join this camp.

Chairman of Bitmine, Tom Lee, stated in an interview that AI is approaching the so-called "uncanny valley of wealth." At some point in the future, the income generated by AI entities owned by individuals may exceed their own labor income.Tom Lee believes that when this moment arrives, people may begin to question "whether they are working for AI or AI is working for them." He also predicts that in the future, AI entities may take over bank accounts, replace certain job positions, and even construct independent financial systems, admitting that this trend "may instill fear about the future in people."

According to Fortune, Abu Dhabi sovereign wealth fund Mubadala Capital announced a partnership with Coinbase and infrastructure provider KAIO to tokenize its evergreen private market fund, issuing compliant on-chain tokens to qualified investors. Coinbase will use its Base blockchain as one of the underlying networks and will personally purchase the tokens, incorporating the Mubadala fund into its corporate balance sheet.It is reported that this is the first time a major publicly listed company in the United States has used compliant tokenized assets for native on-chain financial management. Currently, the product has attracted approximately $75 million in funding, with investors including traditional institutions and crypto-native allocators. Mubadala manages assets totaling nearly $400 billion, and this tokenization aims to break through the high barriers of traditional private equity and expand the potential investor base.

Gate officially released the 2026 Wealth Management Semi-Annual Report. The report shows that the overall cryptocurrency market faced pressure in the first half of the year, with BTC and ETH dropping approximately 33.1% and 47.1%, respectively, and market risk appetite continued to decline. Against this backdrop, user demand for stable returns and high liquidity assets has continued to rise.Gate's Yubi Treasure position size remained stable at 2 billion USDT, with funds gradually shifting towards demand for liquidity management. At the same time, the GUSD minting rate has stabilized, with funds mainly flowing into on-chain earning scenarios, continuously demonstrating the value of income-generating stable assets. In terms of advanced wealth management, Gate's dual-currency investment maintains an industry-leading advantage, with the low-buy strategy achieving a 0-day term APY of up to 295%, significantly higher than the market average of 166%. Gate's quantitative fund continues to perform steadily, with the interstellar hedge (USDT) achieving a cumulative return of 18.7%. In asset allocation, Gate's stock holdings continue to optimize, with the proportion of Korean stocks rapidly increasing following their launch, accounting for about 75% of the overall holdings by the end of June. The top ten holdings are mainly concentrated in semiconductor and technology growth assets, with SK Hynix holding the largest position. Additionally, Gate's GUSD minting annualized rate reached 3.8%, supporting users to participate in diverse ecological scenarios such as Launchpool and Pre-IPOs; Yubi Treasure USDT wealth management VIPs can enjoy an annualized return of 4.0%.In the future, Gate will continue to improve its wealth management system covering stable wealth management, enhanced returns, and multi-asset allocation, providing more flexible and efficient asset appreciation solutions for users with different risk appetites, helping users achieve long-term value growth amid market cycle changes.

According to the official announcement, Binance has announced that it will gradually launch Aerodrome (AERO) to SimpleEarn flexible products, the "Buy Crypto" page, Binance Instant Exchange, Binance Leverage (cross margin and isolated margin), and VIP lending starting from July 17, 2026, at 16:00 (UTC). Users can instantly purchase AERO through VISA, MasterCard, and other methods, and use AERO in the instant exchange, leverage, and lending features. Related services will be available within one hour after the AERO spot launch.