The Golden Weekly is a weekly summary program launched by Jinse Finance covering key news, market data, mining information, project dynamics, technological advancements, and other industry trends. This article is the project weekly, giving you an overview of the progress of mainstream projects and star projects this week.
Bitcoin
16th anniversary of the Bitcoin white paper release
On October 31, 2008, a cryptographer named Satoshi Nakamoto published the Bitcoin white paper (Bitcoin: A Peer-to-Peer Electronic Cash System) on the P2P foundation website, marking its 16th anniversary today.
In October, Bitcoin on-chain NFT sales exceeded $70 million, showing growth compared to August and September
According to Cryptoslam data, Bitcoin on-chain NFT sales in October reached $71,347,510.42, an increase from August ($60,526,412.46) and September ($63,603,568.14). Additionally, Bitcoin on-chain NFT transaction volume in October reached 124,680, with 36,509 unique buyers and 34,523 unique sellers. To date, total Bitcoin on-chain NFT sales have reached approximately $4.597 billion.
Matrixport: Bitcoin may continue to rise after reaching a new high in a year
Matrixport released the latest report stating that the Bitcoin price has not yet reached the $125,000 target we outlined in our July 6, 2023 report, with two months remaining until the end of the year. While this target may seem a bit ambitious, so far, Bitcoin's price movements have followed the trajectory proposed in our 2023 research report. Therefore, Bitcoin still has the potential to continue its upward momentum as we predicted in our July 2023 analysis after reaching a new high in a year.
Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin
Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin. Previously reported, Microsoft listed issues to be discussed at the next shareholder meeting in the A form filed with the U.S. Securities and Exchange Commission (SEC) on October 24. One proposal suggests that the tech company should explore Bitcoin as a hedge against inflation and other macroeconomic impacts.
The Chief Financial Officer of Florida, USA, advocates for the establishment of a strategic Bitcoin reserve
The Chief Financial Officer of Florida, USA, advocates for the establishment of a strategic Bitcoin reserve, calling BTC 'digital gold.'
Ethereum
Vitalik criticizes Ethereum critics with 'wartime state'
On October 28, according to data from Kaito AI cited by Andy, host of the crypto program The Rollup, Ethereum co-founder Vitalik Buterin ranked first with a 1.69% 'thought leader mind share' in a 'wartime state' over the past seven days. Buterin recently published a lengthy article defending the Ethereum Foundation's routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network's proof-of-stake mechanism, allowing the network to run uninterrupted since 2016. He also urged critics to 'give some respect.' The reason the Ethereum Foundation does not stake all ETH to cover costs through revenue instead of selling is that the foundation wants to avoid being forced to make an 'official choice' during controversial hard fork events. The Ethereum Foundation is exploring other staking participation methods, including issuing grants in staked ETH forms, allowing grant recipients to control withdrawal timing and retain profits. He also mentioned the possibility of delegating the foundation's staking responsibilities to other organizations.
BlackRock's ETHA Ethereum holding market value is close to $1.2 billion
BlackRock officially updated the Ethereum holding data for BlackRock ETHA. As of October 29, ETHA's Ethereum holding is 446,583.8799 ETH, with a holding market value of $1,181,084,853.14.
Grayscale's mini Bitcoin and Ethereum ETFs attracted $750 million in funding in the first three months
Grayscale announced on October 29 that its mini Bitcoin and Ethereum ETFs attracted $750 million in funding in the first three months. The Grayscale Bitcoin Mini Trust and Grayscale Mini Ethereum Trust were separated from BTC and ETH funds and listed in July. The management fee for the mini trust is 0.15%, excluding promotional costs, which is the lowest basic fee charged among spot cryptocurrency ETFs. John Hoffman, Managing Director and Head of Distribution and Partnerships at Grayscale, stated in a statement: "The success of BTC and ETH to date symbolizes strong demand from clients for low-cost crypto ETPs."
Vitalik Buterin discusses the key goals of Ethereum Protocol Part Six, The Splurge
Ethereum co-founder Vitalik Buterin released a new article: (The Possible Future of Ethereum Protocol, Part Six: The Splurge), pointing out that the key goals for Ethereum in this potential phase are: · Bringing the Ethereum Virtual Machine (EVM) into a high-performance and stable 'end state'; · Introducing account abstraction in the protocol so that all users can benefit from a more secure and convenient account; · Optimizing transaction fee economics, enhancing scalability while reducing risk; · Exploring advanced cryptography to significantly improve Ethereum in the long run.
UBS launches its first tokenized investment fund based on Ethereum
UBS announced the global launch of its first tokenized money market fund, starting in Singapore. This UBS Dollar Money Market Investment Fund token (uMINT) is a money market investment fund based on Ethereum distributed ledger technology (DLT). UBS stated that the fund provides investors with a controlled risk institutional-level cash management solution, supporting high-quality money market instruments.
Other Projects
Privacy blockchain project Nillion raised $25 million
Privacy blockchain project Nillion raised $25 million in a funding round led by Hack VC, with participation from Arbitrum, Worldcoin, and Sei. Nillion aims to attract projects at the intersection of blockchain and artificial intelligence (AI) that require secure sharing and storage of large amounts of data. The blockchain seeks to merge with AI by attempting to decentralize ownership and utilize the data required by AI engines, preventing it from being dominated by a few centralized entities.
The Trump family's crypto project WLFI plans to issue a stablecoin
Sources say the Trump family's crypto project World Liberty Financial (WLFI) plans to issue a stablecoin. The project recently raised $14 million in its initial token sale and is working on creating and issuing its own stablecoin, which is still in development and may take some time to launch. Sources say the team is still determining how to ensure the security of this financial product before bringing it to market. Another source noted that the team is simultaneously developing the main components of World Liberty Financial's project, including the stablecoin, to ensure these features can be launched at the appropriate time.
Tether CEO: Plans to launch two new products in November
Tether CEO Paolo Ardoino stated on the X platform that Tether is ready to launch two new products in November, but he has not disclosed further details.
Securitize launches new tokenized fund management service
Tokenization company Securitize has launched a new service aimed at simplifying and streamlining the management of tokenized funds, which will be offered globally. Securitize's tokenized on-chain assets have exceeded $1 billion, primarily due to the groundbreaking success of BlackRock's BUIDL fund. This fund management service will assist companies like BlackRock and Hamilton Lane in creating new crypto-based funds while also providing regulatory compliance, tax services, financial reporting, and record keeping.
The Monetary Authority of Singapore has established the Global Finance & Technology Network GFTN, with the first phase piloting digital assets and tokenization as well as promoting AI adoption
The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN) to promote the development of Singapore's fintech ecosystem and foster greater synergy and networking with the global fintech community. The first phase of measures includes developing a regulatory sandbox framework, establishing cross-border payment links, piloting digital assets and tokenization, and promoting the adoption of artificial intelligence (AI). GFTN will work with MAS to advance industry and policy dialogue in the areas of payment, asset tokenization, and AI/quantum.
