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
A dormant Bitcoin wallet for 14 years deposited all 2,000 BTC into an exchange yesterday
According to Spot On Chain, a Bitcoin wallet from the Satoshi era woke up yesterday after 14 years of slumber, with 2,000 BTC ($178 million). In the past 24 hours, this wallet has deposited all its BTC into exchanges, including: • 1,038.87 BTC ($92.93 million) into Coinbase; • 591.46 BTC ($52 million) into BitFlyer; • 369.66 BTC ($33.04 million) into Bitstamp;
Total BTC holdings of US spot Bitcoin ETFs have reached 96% of Satoshi Nakamoto
According to data from Bloomberg senior analyst Eric Balchunas, the total BTC held by U.S. spot Bitcoin ETFs as a whole has increased to 1.05 million, and has completed more than 96% of the progress, and is about to surpass Satoshi Nakamoto to become the world's largest Bitcoin holder.
VanEck Director: If Central Banks Use Bitcoin as a Reserve Asset, Bitcoin Will Reach $3 Million by 2050
Matthew Sigel, head of digital asset research at VanEck, said that with the US debt reaching $35 trillion, if central banks use Bitcoin as a reserve asset, Bitcoin will reach $3 million by 2050. David Bailey, Trump's former cryptocurrency aide, believes that nation-states are about to enter the Bitcoin market and predicts that sovereign funds and central banks will invest billions of dollars every month.
Republican Senator Cynthia Lummis suggests selling some of the Fed’s gold to buy Bitcoin
Donald Trump's ally in the Senate, Republican Senator Cynthia Lummis of Wyoming, said the president-elect's strategic Bitcoin reserve could be filled without increasing the government deficit: sell some of the Fed's gold to buy Bitcoin. Cynthia Lummis plans to push a bill to do this when the new Congress takes office next year. The bill requires the United States to buy 1 million Bitcoins, which would cost about $90 billion at current market prices, but if the bill is passed and investors buy before the government enters the market, the number could increase.
Pennsylvania proposes legislation to include BTC as a reserve asset on its balance sheet
Fox Business reporter Eleanor Terrett posted on the X platform that the Pennsylvania House of Representatives has proposed legislation that would enable the state to hold Bitcoin as a reserve asset on its balance sheet to recognize Bitcoin as a means of storing value.
Ethereum
EF Researcher Proposes to Reset Ethereum Consensus Layer Beam Chain
According to news from Devcon, Justin Drake, a core researcher at the Ethereum Foundation (EF), announced the proposal Beam Chain to reset the Ethereum consensus layer. Justin Drake said that Beacon Chain (Ethereum's consensus chain) has been launched for five years. Beam Chain will make improvements in Ethereum block generation, staking, cryptographic consensus, etc. The new design will maintain high security and improve performance. Drake said that Beam Chain will not change the Ethereum roadmap, but will only bundle together a set of upcoming changes. It is expected that Beam Chain will develop specifications in 2025, start writing live code and testing in 2026, and then consider deploying the mainnet.
Bitwise has acquired Ethereum staking service provider Attestant
Cryptocurrency exchange-traded fund issuer Bitwise Asset Management has acquired Ethereum staking service provider Attestant in a bid to move beyond its core business. Bitwise will manage $10 billion in assets after the transaction. Terms of the cash and stock transaction were not disclosed.
Ethereum Infrastructure Provider Fireblocks Selected by Bank of Korea for Tax Pilot
Ethereum infrastructure provider Fireblocks has been selected by South Korean bank Nong Hyup (NH) Bank to power the crypto prototype it is building. The two companies signed a memorandum of understanding, a non-binding agreement outlining the parties’ intention to collaborate. NH Bank will use the Fireblocks tokenization engine as it explores integrating digital assets into its VAT and other tax refund processes. This also includes its intergenerational transfer tax process for capital transfers to future generations.
Franklin Templeton Expands $410 Million Money Market Fund to Ethereum Blockchain
Franklin Templeton expands $410 million money market fund to the Ethereum blockchain.
Ethereum ETF's trading volume exceeded US$1.63 billion in the past week, setting a record for the highest weekly trading volume since its launch
Four months after its launch, the weekly trading volume of the spot Ethereum ETF hit its highest level since its launch in August. In the past week, the trading volume of the Ethereum ETF exceeded $1.63 billion, an increase of more than 44% from the previous week. In addition, from mid-August to the end of October, the spot ETH ETF trading volume declined and stagnated, averaging only $168 million per day. However, this figure has soared in the past week, with an average daily trading volume of more than $326 million.
SlowMist: Suspicious activity related to vETH detected, users remain vigilant
Blockchain security company SlowMist issued a security alert, saying that it detected suspicious activities related to vETH tokens. SlowMist reminds users to remain vigilant and pay attention to asset security. According to Cyvers Alerts analysis, hackers caused a loss of about $440,000 through price manipulation. The attacker first obtained funds on BNB Chain through Tornado Cash, and then crossed the chain to Ethereum through Bridgers.
Other Projects
ENS Labs, the company behind ENS, plans to launch its L2 network Namechain by the end of next year
ENS Labs, the company behind Ethereum's domain name service ENS, is moving forward with its L2 network plans. Katherine Wu, COO of ENS Labs, said the new network, Namechain, should be live by the end of next year. It will use zero-knowledge rollup. "This technology allows Namechain to process and execute transactions outside of the main Ethereum network, while still inheriting the full security of Ethereum, but at a fraction of the cost," ENS Labs said in a press release on Monday. Wu said the new network will leverage the infrastructure of existing zero-knowledge chains that are compatible with the EVM, and the team is in the final stages of choosing which zkEVM to use. (CoinDesk)
Tether announces the launch of Hadron, an asset tokenization platform
According to official news, Tether announced the launch of Hadron by Tether, an asset tokenization platform, to open up new ways of issuing, investing, and core capital market technologies for a wider audience (from institutions to fund managers, from governments to private companies). It is reported that Hadron by Tethe can be used to issue and manage the entire life cycle of digital tokenized assets, providing modularity, security, reliability, and seamless user experience. It provides the most comprehensive set of tools in its control suite for compliance, KYC, anti-money laundering (AML), risk management, and secondary market ecosystem monitoring.
UK Treasury to launch pilot to launch digital government bonds using distributed ledger technology
The UK government will launch a pilot to issue digital government bond instruments similar to bonds using distributed ledger technology, the UK Treasury said in a statement on Thursday. "The government will launch a pilot to use distributed ledger technology (DLT) to provide digital government bond instruments to demonstrate its commitment to innovation in the financial services sector," the country's Treasury said. DLT is the underlying technology for crypto assets, where each node can save and update data. Tulip Siddiq, the UK Treasury's economic secretary, said the Labour Party will soon announce its plans in the cryptocurrency sector. Bloomberg cited unnamed sources as saying that the Labour Party is likely to continue to follow in the footsteps of the former ruling Conservative Party and develop stablecoin and equity pledge legislation.
Safe to launch transaction processing network Safenet in first half of 2025
On November 15, Safe announced that it will launch the transaction processing network Safenet in the first half of 2025, which will be able to realize instant processing of cross-chain and off-chain transactions, and provide execution guarantees and more functions in the Ethereum L2 ecosystem.
Stacks founder expects to launch sBTC upgrade in early December
Muneeb Ali, co-founder of Bitcoin Layer2 network Stacks and CEO of Trust Machines (building applications on Bitcoin and its related networks), said in a post on X that the network's upcoming sBTC token upgrade could be released as early as next month. "Early December is the target, which seems to be in line with the plan for sBTC v1, and there will be more upgrades in January and beyond," Ali wrote. According to Stacks' announcement, Stacks' sBTC will "enable smart contracts to programmatically send sBTC to BTC addresses, which can be anchored as BTC." In short, sBTC will compete with other forms of wrapped Bitcoin, such as wBTC and cbBTC, which are both provided by centralized custodians. Stacks believes that sBTC's novel decentralized two-way anchoring will unlock value by providing an alternative that is more in line with Bitcoin's decentralized philosophy. (The Block) Earlier, Muneeb Ali posted on the X platform: "We have established a new Stacks entity 'Bitcoin L2 Labs', obtained $20 million in financing, and focused on core development. Adriano DiLuzio (formerly a member of Algorand Labs) will serve as CTO and lead the development of Stacks Core and SBTC."
