08/11 Daily Summary

Bitcoin Hits New All-Time High at $122K Amid Massive Liquidations

Ethereum ETF Inflows Surge and DeFi Sees Institutional Growth

Introduction:

The crypto market witnessed a major bullish momentum with Bitcoin surging past $120,000, triggering significant liquidations of short positions. Ethereum strengthens through growing ETF inflows backed by structural SEC approvals and protocol upgrades. Meanwhile, decentralized finance (DeFi) protocols like Aave continue expanding deposits, rivaling traditional banks, amid increasing institutional interest and advancing blockchain security measures such as Zero-Knowledge Proofs (ZKPs).