Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics. This article is a project weekly, taking you to see the progress of this week's mainstream projects and star projects.
Bitcoin
Bitcoin short-term holder transfer volume drops sharply, indicating market stability
Since the 2024 halving, short-term Bitcoin holders have made significantly fewer transfers to exchanges when they lose money, according to Glassnode data. This transfer volume peaked at 90,000 BTC in early 2024, but stabilized below 30,000 BTC after the April halving. Historical data shows that short-term holders of Bitcoin tend to increase transfer activity during major price declines, reflecting panic selling. This trend was particularly evident during the 2018 bear market and the March 2020 COVID-19 crash. However, after the 2024 halving, the market showed greater stability and investor confidence, and panic transfers decreased. Still, it’s important to monitor transfer volume, as its peaks often signal significant price movements and could be a potential indicator of changes in market sentiment.
Bit Digital and Iris Energy’s Bitcoin production has dropped in the past three months
Bit Digital and Iris Energy have released their Bitcoin (BTC) mining data for the past three months. The data shows that Bit Digital mined 119.3 BTC in April, 63.3 BTC in May, and 61.7 BTC in June. Iris Energy mined 358 BTC in April, 230 BTC in May, and 233 BTC in June during the same period. Despite the increase in hash rate, the Bitcoin production of the two companies has shown a downward trend since April.
Data shows that the German government still holds more than 40,000 Bitcoins after recent sales
The German government has been selling seized Bitcoin but still holds more than 40,000 BTC, worth more than $2.3 billion, according to blockchain intelligence firm Arkham On-Chain data.
IntoTheBlock: Nearly 30,000 Bitcoins flowed into exchanges this week
IntoTheBlock data shows that nearly 30,000 bitcoins (worth $1.73 billion) flowed into exchanges this week, and as prices fell, the influx indicated that panic sellers were dumping assets.
Financial Times: Trump's election could trigger a "Bitcoin rebound in the second half of the year"
Bitcoin Magazine published an article on the X platform saying that the Financial Times said that if Trump is elected, it may trigger a "Bitcoin rebound in the second half of the year."
Ethereum
Vitalik's EIP-7732 proposal aims to increase Ethereum's speed
Ethereum developers have introduced a new Ethereum Improvement Proposal EIP-7732, which aims to overhaul the block verification process and speed up the blockchain. The proposal makes major changes to block verification by splitting the block verification process into two parts: consensus and execution, to improve the security and performance of the blockchain. EIP-7732 responds to the growing need for efficiency on the Ethereum blockchain and follows Ethereum co-founder Vitalik Buterin's push for faster transaction confirmation times.
Ethereum Foundation Emails Hacked, Hackers Promote Lido Staking Phishing Scam
The Ethereum Foundation's email account was hacked and phishing emails were sent to 35,794 people, recording the email addresses of 81 subscribers. The email falsely claimed that the Foundation was working with LidoDAO to provide a 6.8% return on staking Ethereum. If the user clicked the link in the email and approved the transaction, their wallet would be emptied. The Foundation quickly blocked the malicious email from being sent, closed the attack path, and issued a warning to the relevant parties. The investigation showed that although the attacker obtained some new email addresses, no victims lost funds in the attack.
Galaxy Digital Asset Management Director: Spot Ethereum ETF is expected to be launched in July
Steve Kurz, head of Galaxy Digital Asset Management, said the U.S. Securities and Exchange Commission could approve a spot Ethereum ETF by the end of July and is optimistic about more cryptocurrency ETFs. Kurz said he expects approval to come in weeks, not days, and within a month. In addition, Galaxy has been working with the SEC for months and noted that the company's upcoming spot Ethereum ETF is similar to its existing spot Bitcoin ETF (BTCO). Galaxy partnered with investment management firm Invesco to create both funds.
Bitwise: Ethereum is one of the most exciting tech investments in the world
Matt Hougan, Chief Investment Officer of Bitwise, published an article titled "Why Ethereum ETP May Be More Successful Than You Think". Hougan said that investors love technology and Ethereum is one of the most exciting technology investments in the world. In last week's CIO memo, I believe that by the end of 2025, Ethereum ETP will gather $15 billion in net flow. This will be a huge gain, making Ethereum ETP the top of the list of the most successful ETP issuances in history. However, it cannot achieve the same success as Bitcoin ETP. Less than six months after the listing of Bitcoin ET, it has attracted $14 billion in net inflows. I expect that by the end of 2025, as Bitcoin ETP is approved by large platforms such as Morgan Stanley and Merrill Lynch, this figure will soar to more than $50 billion. In terms of market value, Bitcoin is three times the size of Ethereum and is more well-known, so it is reasonable that Bitcoin ETP attracts three times the flow of Ethereum products.
Ethereum core developers introduce EIP-7732
Ethereum core developers announced the launch of EIP-7732, which is the formal specification of Enshrined Proposer-Builder Separation (ePBS). EIP-7732 is a consensus-only upgrade that separates execution validation from consensus validation, embedding PBS directly into Ethereum's consensus layer. PBS refers to the separation of block proposers and builders. EIP-7732 includes modifications to the beacon chain, fork selection rules, P2P communication, and allows validators to play the role of builders. Builders are complex participants who build blocks to extract MEV. ePBS provides trustless exchange between proposers and builders and enables validators to use CPU efficiently. The implementation features a Payload Timeliness Committee (PTC), where a subset of the validation committee votes on the timeliness of builder payload releases. EIP-7732 is also designed to be compatible with future upgrades such as inclusion lists.
other projects
Telegram app developers can now exchange Telegram Stars for TON tokens
Telegram app developers can exchange Telegram Stars for TON tokens or purchase Telegram ads at a discount. The announcement stated: "Robot developers who provide digital goods and services and creators who monetize their channels through paid posts can now use the Telegram Stars they earn to get Toncoin rewards or purchase Telegram ads. Telegram does not actually charge any commission from Stars transactions, so only taxes and payment system fees need to be paid. When users transfer Stars to Telegram advertising accounts, Telegram will provide a 30% discount to pay all third-party payment system fees."
Ava Labs Launches ICTT Solution for Avalanche Interchain Token Transfer
Ava Labs announced the launch of the Avalanche Interchain Token Transfer (Avalanche ICTT) solution, which uses Teleporter and Avalanche Warp Messaging underlying technologies to support seamless cross-chain USDC and BTC tokens between various L1s (formerly subnets) on Avalanche. Avalanche ICTT also allows any developer to customize L1 using their own ERC-20 as a Gas token.
Bitcoin on-chain scaling protocol QED completes $6 million seed round
QED, the Bitcoin on-chain extension protocol, announced the completion of a $6 million seed round of financing, with Blockchain Capital as the only investor. Its founder revealed that this round of financing has brought QED's valuation to "9 figures", or at least $100 million. As of now, QED's total financing has reached $10.6 million. Previously, the company had received $3.25 million in pre-seed financing from companies such as Arrington Capital, StarkWare, and Draper Dragon, and $1.35 million in angel round financing from companies such as Sparkle Ventures, which is supported by Animoca Brands.
Riot: Plans to achieve 31 EH/s computing power by the end of the year
Riot Platforms mined 255 bitcoins in June, up 19% from the previous month. While the company mined only about half as many bitcoins as it did in the same period last year, that was in line with expectations following the Bitcoin halving event in April. Riot said in its filing that it had exceeded its second quarter hashrate target of 21.4 EH/s, reaching 22.0 EH/s by the end of the month. Riot also announced that it received $6.2 million in electricity subsidies from the Texas power grid, down slightly from the previous month, and plans to achieve a total self-mining hash rate of 31 EH/s by the end of the year.
ether.fi proposes to deploy ETHFI staking contract on Ethereum mainnet
The re-staking protocol ether.fi has launched a new proposal to deploy the ETHFI staking contract on the Ethereum mainnet. Users can stake ETHFI tokens to earn ether.fi loyalty points, and the rewards earned will continue to increase over time. The mechanism links rewards to governance participation and effective balances, and includes future incentives and voting functions.
