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
Trump's Bitcoin conference to be attended has increased security measures, and the number of visitors may reach a new high
According to foreign media reports, organizers of the Bitcoin conference that Trump will attend are stepping up security measures in preparation for what is expected to be a record number of attendees. After a drop in attendance during the Bitcoin bear market, the number of attendees at this Bitcoin conference could easily exceed last year's approximately 12,000 people, and could even rival the more than 25,000 in 2022, setting a new record. Brandon Green, chief of staff for the conference organizers, said ticket sales have accelerated since the announcement that Trump would attend the conference, predicting that the final number of attendees could be between 20,000 and 45,000. The conference could provide a unique "symbiotic" opportunity for the Bitcoin industry and politicians. According to the Washington Post, one of the founders of the conference promised Trump that attending the conference could bring him $15 million in revenue.
CryptoQuant founder: Bitcoin retail investor demand is at its lowest point in three years
Ki Young Ju, founder of CryptoQuant, released data on social media saying that the current demand for Bitcoin by retail investors is at its lowest point in three years. This indicator is measured by the 30-day change curve of the total transfer volume of transactions below US$10,000.
Bloomberg: UK should sell its $5 billion in Bitcoin holdings
Bitcoin Archive tweeted that Bloomberg said the UK should sell its $5 billion in Bitcoin holdings.
Bitwise CEO: Bitcoin and cryptocurrencies are entering the mainstream
Bitwise CEO Hunter Horsley posted on social media that a report received today showed that a large bank in the United States has 20% of all its wealth management branches (hundreds) own Bitwise ETFs. Bitcoin and cryptocurrencies are entering the mainstream.
Crypto ATM operator Bitcoin Depot seeks to allocate part of its cash reserves into Bitcoin
Bitcoin Depot, which owns more than 7,400 Bitcoin ATMs in the United States, has announced that it will seek to allocate part of its cash reserves into Bitcoin. The company explained that this strategy aligns it with other forward-looking institutions that use Bitcoin as a hedge against inflation and benefit from its assets in the future. Bitcoin Depot said its Bitcoin purchases will be "opportunistic in nature" and will not include funds required for its operations. CEO Brandon Mintz said the move demonstrates the company's "long-standing belief in Bitcoin as an important financial asset and store of value." The company did not disclose how much of its cash reserves it intends to convert into Bitcoin, nor did it disclose whether it has set any percentage target for this task.
Ethereum
US SEC Commissioner: Ethereum ETF's staking function may need to be reconsidered
COINOTAG posted on the X platform that Hester Peirce, Commissioner of the U.S. SEC, said that the creation/repurchase of the same type of Stake and Ethereum/Bitcoin ETFs may be reconsidered.
US judge agrees to reduce Ethereum developer Virgil Griffith's prison sentence by 7 months to 56 months
Ethereum developer Virgil Griffith traveled to North Korea in 2019 to "demonstrate and provide technical advice on the use of cryptocurrency and blockchain technology to evade sanctions," in violation of sanctions law, and in 2022 he was sentenced to 63 months in prison, equivalent to about 5 years in prison. U.S. District Judge Kevin Castel ordered this week that Griffith's sentence be reduced by 7 months to 56 months. The judge stated: "While the court does note the defendant's 'irregularities' during his time in the custody of the Bureau of Prisons, the need to protect the public from further crimes by the defendant has diminished, and the court also notes the great difficulties the defendant has experienced during his imprisonment."
Cardano founder responds to Vitalik Buterin: When cryptocurrencies cannot stay away from politics, it’s time to vote for the party that supports it more
In response to Ethereum co-founder Vitalik Buterin's latest remarks "against political voting based on whether to support cryptocurrency", Cardano founder Charles Hoskinson refuted: "My primary goal has always been to keep the government away from cryptocurrency as completely as possible, but when this goal is not possible, the remaining options are very clear. If they continue to over-regulate, then we should not vote for them... Voting for Biden is voting for the demise of the US cryptocurrency industry. For this reason, we should vote for candidates who support cryptocurrency."
Bloomberg Terminal has added some Ethereum ETFs in preparation for next week’s trading
Bloomberg analyst James Seyffart said on the X platform that we added some Ethereum ETFs to Bloomberg (terminal) today. These include ETHW from Bitwise, CETH from 21Shares, and FETH from Fidelity. Other funds will likely be added tomorrow and Monday. Trading is still scheduled to start next week.
Five Spot Ethereum ETFs to be Listed on Cboe Exchange on July 23
Cboe announced that five spot Ethereum ETFs will be listed on the exchange on July 23. These ETFs include the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.
other projects
Grayscale launches new decentralized artificial intelligence fund
Grayscale, a crypto asset management company, is launching a new fund focused on decentralized artificial intelligence, Grayscale Decentralized AI Fund LLC, to strengthen investment in artificial intelligence in the cryptocurrency industry. The fund will fund three key areas: AI services, solving problems related to the use of centralized AI, and developing AI-related infrastructure. As of today's launch, decentralized AI projects already included in the fund's basket include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Near, Filecoin, and Render are the highest-weighted assets in the fund, respectively.
Fuel: Mainnet is expected to be launched in early Q4
According to official DC news, Fuel plans to launch the mainnet in early Q4. Users can lock assets before the mainnet goes online to receive rewards. User deposit staking points will continue, with no upper limit on deposits, and points will not be lost due to participation in other applications. Points are not transferable. The testnet snapshot has been completed. New users participating in the testnet after the snapshot will not receive any incentives, and the testnet qualification standards will be announced soon.
Modular L2 Reya launches loyalty points boost program
Modular L2 Reya Network announced the launch of a loyalty points promotion program. The longer the user holds assets, the higher the loyalty XP will be. The promotion will increase by 1 times every week, up to 15 times. Deposits during the OG season will automatically receive the maximum promotion. Reya reminded that if users withdraw assets, the points will be reset.
Telegram launches mini app store and in-app browser with Web3 support
Telegram has become a popular portal for crypto games such as Notcoin, Yescoin and Hamster Kombat. Telegram has announced plans to strengthen its blockchain-related initiatives, including the launch of a mini app store and an in-app browser that supports Web3 pages. In a post on his Telegram channel, Telegram founder Pavel Durov said that in order to keep the hype going, a mini app store and an in-app browser that supports Web3 pages will be launched this month.
Polygon Co-founder: The value of RWA on Polygon PoS is second only to the Ethereum mainnet
Polygon co-founder Sandeep posted on social media that it is very encouraging to see so many RWA assets launched naturally on Polygon. In terms of the value of RWA created, PolygonPoS is second only to the Ethereum mainnet. It is worth mentioning that major Italian banks participated in the ECB's 25 million euro digital bond trial on Polygon, and CDP has issued 25 million euros of digital bonds on Polygon, which will mature in four months.
