Markets jump on US-China optimism, new Tether-Softbank funded BTC treasury firm, and more — week in review

Markets have seen a surge due to improved US-China relations, boosting crypto-related stocks alongside Bitcoin’s recent jump.

Jack Mallers has been appointed as the head of a new Bitcoin treasury firm backed by Tether and Softbank, launching with over 42,000 BTC valued at approximately 4 billion USD.