Wu Shuo Weekly Selection: US-China Tariff Negotiations Begin, Bitcoin Returns to $100 Thousand, Coinbase Acquires Deribit, and Top 10 News

OKX market data shows Bitcoin has surpassed $100,000, with a current price of $103,282 and a 24-hour increase of 3.61%. $ETH has broken through $2,000, priced at $2,352, with a 24-hour increase of 20.62%.

Author | Wu Shuo Blockchain
This article is for information sharing only and does not promote or endorse any business or investment activities. Readers are advised to strictly comply with local laws and regulations and avoid participating in any illegal financial activities.

Top 10 News of the Week
1. Bitcoin breaks $100,000: OKX market data shows Bitcoin has surpassed $100,000, with a current price of $103,282 and a 24-hour increase of 3.61%. $ETH has broken through $2,000, priced at $2,352, with a 24-hour increase of 20.62%. BitMEX co-founder Arthur Hayes predicts Bitcoin will rise to $1 million by 2028.
2. China and the U.S. to initiate trade contacts in Switzerland seeking breakthroughs to ease tariff conflicts: U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with Chinese officials in Switzerland this week to start trade negotiations.
3. U.S. President Donald Trump has scheduled two crypto-related dinner events this month to raise funds and engage with the crypto community.
4. Eric Trump, son of Donald Trump, revealed that he and Trump hold a large amount of Bitcoin, calling Bitcoin "digital gold."
5. New Hampshire signed HB 302, becoming the first U.S. state to establish a Bitcoin reserve, allowing investment in digital assets with a market value exceeding $500 billion.
6. The UK Treasury stated it will not follow the U.S. government in reserving Bitcoin, emphasizing that digital assets should operate within the existing traditional financial regulatory framework.
7. Coinbase plans to acquire crypto options platform Deribit for $2.90 billion to promote global expansion and strengthen its position in the crypto derivatives market.
8. Ethereum's Pectra upgrade has been officially activated on the mainnet, including smart account wallet user experience features and Layer 2 scalability enhancements.
9. Strategy purchased 1,895 Bitcoins for approximately $180.30 million, achieving a 14.0% investment return so far in 2025.
10. OKX CEO stated that OKX DEX will restart this week, introducing a real-time abuse detection and blocking system.

Key financing events include NewLimit completing a $130 million Series B round, AI code editor Cursor’s parent company Anysphere raising $900 million with a valuation of $9 billion, among others. More financing details can be found at crypto-fundraising.info.