The Golden Weekly is a weekly blockchain industry summary program launched by Golden Finance, covering key news, market data, mining information, project dynamics, technological progress, and other industry trends from the week. This article is a project weekly, providing an overview of the main projects and star projects' developments this week.
Bitcoin.
Newly appointed chair of the U.S. House Financial Services Committee: Will consider the value of Bitcoin reserves for the U.S.
According to Walter Bloomberg, the incoming chair of the U.S. House Financial Services Committee, French Hill, stated, 'The value of Bitcoin reserves for the U.S. or the Treasury must be seriously considered.'
SlowMist Yu Xian: Quantum computing is far from cracking Bitcoin private keys, and there is no need to worry about Satoshi's private key security for now.
Regarding the recent market concerns over the quantum computer chip Willow and the freezing of Satoshi's private key, SlowMist founder Yu Xian quoted crypto researcher Jeffrey Scholz's tweet stating: 'The current several dozen quantum gates are still millions of gates away from actually being able to crack Bitcoin private keys. The increase of these quantum gates is not easy, and the noise and error rate will also increase, ultimately leading to a quick failure in the real world... Worry about Satoshi's private key in a few decades.'
Argentinian President Milei plans to implement a free currency circulation plan next year, which may include Bitcoin.
Argentinian President Javier Milei outlined his government's plans for the second year in office, discussing key issues such as tax cuts, which will reduce national taxes by 90%, easing the burden on Argentinians, and allowing provinces to set their own taxation. Furthermore, Milei announced plans to implement free currency circulation by 2025, allowing Argentinians to conduct business in the currency of their choice, including Bitcoin.
BlackRock: The upper limit for Bitcoin allocation could reach 2%.
BlackRock stated that allocating up to 2% of the portfolio to Bitcoin is a reasonable range.
10x Research: Bitcoin prices are driven by demand, and this development highlights the increasing integration of Bitcoin with traditional financial markets.
10x Research stated that contrary to popular belief, Bitcoin's price is driven by demand rather than changes in its (mining) supply. Throughout Bitcoin's five bull markets, the ways investors acquire Bitcoin have continuously innovated, from early spot trading to utilizing futures, unsecured borrowing, spot Bitcoin ETFs, and now ETF options. This development highlights the increasing integration of Bitcoin with traditional financial markets, accelerated by regulatory approvals from agencies such as the CFTC and SEC, which have legalized Bitcoin-related financial products over time.
Ethereum.
BlackRock's Ethereum ETF market value exceeds $3.5 billion.
BlackRock's official update on Ethereum ETF holdings shows that as of December 11, the iShares Ethereum Trust ETF has reached a holding of 929,056.1186 ETH, with a market value exceeding $3.5 billion, approximately $3,553,946,242.34.
VanEck releases 2025 crypto ETF predictions: SOL ETF approval and Ethereum ETF allowing staking.
VanEck released three predictions for the 2025 crypto ETF on X platform: 1. Several new spot cryptocurrency ETFs will be approved (such as Solana ETFs); 2. The spot Ethereum ETF will include staking. 3. Both spot BTC and ETH ETFs will allow physical creation/redemption.
BlackRock's Ethereum ETF holdings exceed 980,000 ETH.
BlackRock's official update shows that as of December 12, its Ethereum ETF iShares Ethereum Trust ETF holds 981,155.3661 ETH, with a market value of $3,809,904,779.02.
CryptoQuant: Ethereum may break through $5,000 due to increased institutional demand.
According to a new report from CryptoQuant, Ethereum may soon break through $5,000 due to increased institutional demand, marking the highest historical price for the second-largest cryptocurrency by market cap. Furthermore, on-chain activity is also very active. The company stated in a report on Thursday that funds flowing into new Ethereum ETFs have set a record. Last week, global investors injected $1.2 billion in new funds into Ethereum funds, a record established months after spot ETH funds began trading in the U.S.
The Ethereum Foundation sold 100 ETH for 374,300 DAI.
According to on-chain analyst Yu Jin's monitoring, the Ethereum Foundation's address used for small high-frequency ETH sales 0xd77…1f4 sold 100 ETH for $3,743, exchanging for 374,300 DAI just 5 minutes ago. It has been 27 days since the last ETH sale, with this transaction interval approaching one month.
Other projects.
The Bitcoin ecosystem wallet X verse will integrate Stacks' sBTC.
According to TheBlock, the Bitcoin ecosystem wallet X verse will integrate Stacks' sBTC, allowing users to directly cross-chain BTC to sBTC within the wallet. Previously, Stacks announced that sBTC would be launched on December 17.
Trump's crypto project WLFI proposes to deploy an Aave v3 instance for the WLFI protocol.
According to the governance page, Trump's crypto project WLFI has voted to approve the first community proposal, aimed at deploying an Aave v3 instance for the WLFI protocol. This instance will be managed by external risk managers and built on the existing Aave v3 infrastructure, ultimately launching on the Ethereum mainnet.
Musk's AI model Grok's image generation will include a new feature for 'Meme generation'.
On December 10, it was reported that Musk's AI company xAI's AI model Grok announced it is updating Grok's features using a new autoregressive image generation model codenamed Aurora, which is available on the X platform. Grok's new features in image generation, aside from entity generation and artistic text, include 'Meme generation'.
Aligned announces the token ALIGN economic model: 44% allocated to ecosystem and community.
On December 11, it was reported that the EigenLayer-based ZK verification layer Aligned Layer announced that its first product, Proof Verification Layer, has entered the mainnet Beta stage and released the $ALIGN token plan. Additionally, Aligned also released details of the $ALIGN token, with a total supply of 10 billion tokens, and an initial circulation of 30%. The tokens will be used to pay for verification fees (on-demand or subscription model) and for dual staking to ensure network security. Token distribution is 44% for community and ecosystem, 10% for foundation, 23.5% for team, and 22.5% for investors. The Aligned team stated that more products will be launched in the future, including Proof Aggregation Layer and zk-powered bridging services, and has collaborated with over 30 projects to promote the application and development of zk technology.
Circle establishes an entity in the Abu Dhabi International Financial Centre and partners with LuLuFin.
Digital financial technology company Circle Internet Group, Inc. announced the establishment of an entity in the Abu Dhabi International Financial Centre, marking an important milestone in its strategic expansion into the Middle East and Africa. Circle has also partnered with LuLu Financial Holdings (LuLuFin) and its subsidiaries to facilitate remittances and cross-border payments using Circle's fully reserved digital dollar USDC.
Musk criticizes the U.S. government for IT lag causing tax issues, analysis suggests blockchain could be the solution.
Musk recently criticized the U.S. government for using outdated computers and software, causing the IRS to struggle with basic audits and even making it "difficult to track the flow of tax payments." Analysis points out that blockchain technology could be one of the solutions to this problem.
