Bitcoin Surges Above $111,000, Hits New All-Time High

According to CoinDesk, global payments firm Stripe is expanding its stablecoin card business to global markets, betting that digital dollars can serve as an alternative payment method for consumers and businesses alongside traditional currencies. Stripe expects its stablecoin card program to cover more than 100 countries by the end of this year. Current clients include crypto exchange Kraken, fintech firm Ramp, and payment app Morse. Stripe announced that Henri Stern, CEO and co-founder of crypto wallet infrastructure company Privy, has taken on additional responsibilities to oversee Stripe’s stablecoin and crypto operations. Privy was acquired by Stripe last year. Stern noted that Stripe’s strategy is to integrate stablecoins into its existing infrastructure, rather than building a separate, standalone crypto payment system.

According to data from BIT (bit.com), SpaceX (SPCX) rose 4.17% intraday, breaking through $165 to currently trade at $165.38, marking a new high since hitting its bottom on August 3. BlockBeats previously reported that Morgan Stanley reaffirmed its "overweight" rating on SpaceX, setting a $300 target price, and noted the stock looks "very cheap" when factoring in its growth prospects. Analyst Adam Jonas stated that on a growth-adjusted basis, SpaceX’s trading valuation is roughly 40% lower than that of large-cap AI peers. Potential catalysts include the upcoming Starship flight, third-quarter financial results, Grok launch, and additional Neocloud deals, with a successful Starship capture likely being the largest catalyst since SpaceX’s IPO.

According to data from BIT (bit.com), as Bitcoin climbed to $86,679, gains in U.S.-listed crypto stocks broadly expanded, with individual stocks posting the following increases: SBET up 4.06%, BMNR up 2.99%, GEMI up 4.07%, BLSH up 1.14%, CRCL up 3.75%, MSTR up 3.13%, and COIN up 3.99%.

Per an official announcement, Bitget Stock+ has launched its "Multi-Leg Option Strategy" feature. The specific strategies include Covered Call/Put, Vertical Spreads, Straddle & Strangle, and Collar strategies, which further meet users’ professional trading needs in risk hedging, volatility trading, and directional speculation. Meanwhile, this feature supports the Portfolio Margin mechanism: when option positions hedge against users’ existing holdings, the system automatically reduces or offsets corresponding margin requirements to boost capital efficiency. The multi-leg strategy also allows users to flexibly split entry and exit (Leg in/Leg out), and is currently available during regular trading hours from 9:30 AM to 4:00 PM Eastern Time (ET). For more product details, please refer to Bitget’s official platform.

According to market data from BIT (bit.com), US stocks opened with the Dow Jones Industrial Average down 0.1%, the S&P 500 index up 0.07%, and the Nasdaq up 0.1%. Leading tech stocks were mixed: Intel (INTC.O) fell 2.8%. A report noted that Taiwan Semiconductor Manufacturing Co. (TSMC, TSM.N) is in discussions with Elon Musk’s Terafab over a potential collaboration. TSMC gained 1.1%, while Nvidia (NVDA.O) rose 0.6%. In the storage sector, Seagate (STX) climbed 4.64% and Western Digital (WDC) advanced 6.17%.

According to data from BIT (bit.com), the three major U.S. stock indexes opened mixed: the Dow Jones Industrial Average fell 0.1%, the S&P 500 rose 0.07%, and the Nasdaq gained 0.1%. By sector: Optical modules: COHR down 0.68%, LITE up 2.47%, AAOI up 2.12%, NOK down 1.49%, MRVL down 0.48%. Storage: STX up 5.21%, Western Digital up 7.38%, SanDisk up 0.64%, Micron down 0.74%. Crypto-related stocks: SBET up 2.35%, BMNR up 1.6%, GEMI up 2.57%, BLSH up 1.52%, CRCL up 1.78%, MSTR up 1.94%, COIN up 2.09%.