Market Overview - The cryptocurrency market is experiencing a significant uplift due to easing tensions between the United States and China, suggesting that the threat of a renewed tariff war may be receding [1] - The focus is now on high-stakes diplomatic and economic meetings, particularly at the APEC summit in Korea [1] US-China Trade Developments - Following discussions in Kuala Lumpur, Malaysia, the US and China are nearing a framework agreement on major trade issues, including a potential one-year delay in China's export controls of rare earth materials [2] - In exchange for this delay, the US is expected to refrain from imposing the threatened 100% additional tariffs on Chinese goods [2] Market Reactions - The announcement led to an immediate rise in Bitcoin price by approximately 2%, trading at $113,450, which is a 1.62% increase from the previous day [3] - Overall, Bitcoin surged by 6.07% over the past week, reclaiming the $113,000 level, with altcoins like HYPE and WLFI also seeing sharp increases of 6.67% and 7.33% respectively [4] Whale Activity - Large crypto investors, or "whales," have shown renewed conviction by accumulating assets, with wallets holding between 100 and 10,000 ETH adding over 218,000 ETH, valued at nearly $870 million [5] - This accumulation represents about one-sixth of the volume these whales sold during the preceding market decline [6] Positive Industry Developments - Positive news in the industry is regaining attention, such as the REX-Osprey XRPR, the first spot XRP ETF in the US market, surpassing $100 million in assets under management (AUM) within a month [7] - XRP reacted positively with an 11.22% weekly gain following this news [7]