Bitcoin made a strong breakthrough above the $122,000 mark in Monday's early session, rebounding after successfully holding the key support at $120,080 on Sunday night. Technical indicators show strong bullish momentum, with both RSI and MACD issuing positive signals. The market's upward momentum is mainly driven by Trump’s new policy allowing pension funds to allocate into Crypto Assets, along with continued large inflows into Bitcoin Spot ETFs. The global market is focused on this week's key inflation data and the progress of China-US tariff negotiations.

Today (11th), the focus of the crypto market is on the progress of the XRP Spot ETF approval and Bitcoin (BTC) strongly breaking through 121,000 USD. As the U.S. Securities and Exchange Commission (SEC) considers modifying the ETF listing rules, XRP investors are betting that this will be the catalyst for the next round of pump; at the same time, BTC is approaching historical highs, driven by the inflow of funds into the Spot ETF and favourable information in policies.

London-based investment firm Abraxas Capital Management has faced massive unrealized losses due to its aggressive crypto shorting strategy, with on-chain data showing that its ETH short positions have unrealized losses exceeding $144 million, and overall crypto hedging losses approaching $190 million. Although market observers believe that its shorts aim to hedge the risks of spot holdings, the continued upward trend in the crypto market has rendered the strategy ineffective. The incident highlights the execution risks of institutional crypto hedging strategies, and Samson Mow has further proposed the ETH/BTC rotation harvesting theory, sparking discussions in the market about a price ceiling for Ethereum.

Nvidia and AMD agree to pay 15% of their sales revenue from AI chips H20 and MI308 in the Chinese market to the U.S. government in exchange for long-sought export licenses. This first transaction, referred to by the market as the "chip tax," has drawn Washington, Silicon Valley, and Beijing into a new equation: fiscal gains, technological control, and market preservation amid escalating U.S.-China tech tensions. (Background: Grok 4 is now available for free use, and Musk's xAI is in direct confrontation with GPT-5.) (Context: In a talent scramble fueled by money, Sam Altman states that tech giants are betting on the chosen ones to achieve AGI breakthroughs.)

In 2009, Norwegian student Kristoffer Koch invested $27 in 5,000 BTC while researching for his master's thesis. Forgetting about it for four years, he was shocked in 2013 to discover its value had soared to $886,000, allowing him to buy an apartment. His story highlights the importance of patience and belief in long-term investments.

When key figures in the crypto assets world make large-scale asset transfers, the market always stirs up a storm. In late July, blockchain data showed that a wallet associated with Ripple co-founder and executive chairman Chris Larsen transferred 50 million XRP (approximately $175 million) to an exchange, sparking heated discussions in the community and concerns among investors.

Senator Elizabeth Warren emphasized the necessity for cryptocurrency regulation during an MSNBC appearance, advocating for rules that do not originate from the crypto industry. She highlighted the need for restrictions on elected officials trading crypto and stronger guardrails to protect the economy.

Kaspa has rebounded from a drop, currently trading at $0.0944 after reaching a low of $0.0799 in early August. Chart analysis indicates higher lows and steady accumulation, despite a slight bearish positioning in the market. Predictions suggest potential upward movement if prices hold above $0.092, while a drop below $0.090 could lead to further declines.

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After a powerful rally and a recent correction, XRP is now entering what experts believe is the final stage of its current bull cycle: Wave 5. According to crypto analyst Mr. Xoom, this final push could propel XRP's price to an all-time high of $10, a level that would place its market cap in the