Chinese President Xi Jinping calls blockchain technology "an important breakthrough" during a Politburo study session, urging China to accelerate blockchain adoption. Bitcoin surges 40% in 24 hours -- from $7,500 to over $10,000 -- marking the largest single-day gain since 2011. The market reacts as though China endorsed Bitcoin itself, even though Xi was referring to permissioned enterprise blockchains. China's state media quickly clarifies that Bitcoin speculation is still not welcome. The pump is short-lived but legendary.
BBC: China Blockchain Endorsement