Bitcoin Hits US$122,000 as Crypto Markets Surge

Bitcoin pierced above US$122,000, which means the cryptocurrency is inching dangerously toward its all-time high. The whole procedure industry this move came under the merits of market optimism.Bitcoin was trading at US$122,057.92 on 11 August 2025, noting a plus of 3.72 per cent in the past 24 hours. This surge is an outcome of institutional interest. Regulations in the United States have just allowed the inclusion of cryptocurrencies in 401(k) retirement funds, thus opening up access to almost US$9 trillion worth of retirement corpus.Market analysts state the recent rises are probably tied to expectations of a rate cut by the Fed. When rates drop, risk appetite rises: hence, digital assets would be out there. The on-chain data also tells investors keep pouring into Bitcoin addresses, thus showing high investor confidence.LayerZero Foundation represented an interest in buying all Stargate (STG) tokens in circulation for approximately USD 110 million. The bid offered to dissolve Stargate’s decentralised autonomous organisation (DAO) and convert the holdings of STG into LayerZero’s own tokens, called ZRO.Under the terms of the plan, 1 STG would be exchanged for 0.08634 ZRO. LayerZero believes that this consolidation of governance would streamline cross-chain development and direct more efficient allocation of resources.

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