Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market trends, contract data, mining information, project dynamics, technological progress, and other industry dynamics from the week. This article is a project weekly report, taking you through the progress of mainstream projects and star projects this week.
Bitcoin
Bitcoin surged and then fell back, with bulls having lost dominance.
After Bitcoin failed to maintain a level above $100,000, profit-taking by investors has exacerbated the decline. Earlier this week, Bitcoin surged significantly, eventually reaching a record high of over $108,000. Pepperstone analyst Chris Weston stated, 'It is necessary to be cautious about Bitcoin at the moment. This does not mean we will see a price crash soon, but the momentum has clearly faded, and bulls have lost dominance and control over the price.' Bitcoin is currently down 2.4% to $95,133.
The size of the US Bitcoin spot ETF has surpassed that of its gold ETF.
On December 17, K33 Research Director Vetle Lunde posted on platform X, stating: 'In the United States, the assets under management of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion). Although gold had a 20-year first-mover advantage, it has now been overtaken.'
Bitcoin savings application developer BitDCA completed a $2 million Pre-Seed funding round.
Bitcoin savings application developer BitDCA announced the completion of a $2 million Pre-Seed funding round, with investor information currently undisclosed. The new funds are intended to support the development of a Bitcoin savings application called 'Littlebit.'
BlackRock released a 3-minute educational video on Bitcoin.
BlackRock released a 3-minute educational video explaining what Bitcoin is, stating in the video: 'Bitcoin is an emerging currency alternative, and time will tell how widely it is adopted.'
Bitcoin has set the longest seven-week consecutive increase record since 2021.
Since Trump won the US presidential election on November 5, Bitcoin prices have continued to rise, setting the longest seven-week consecutive increase record since 2021. Data shows that US spot Bitcoin ETF products attracted a net inflow of $12.2 billion during this period, while Ethereum ETF products also received $2.8 billion in net inflow. Aya Kantorovich, co-founder of institutional crypto platform August, analyzes that market participants are full of expectations regarding Trump's support for digital assets and his commitment to making the US a dominant force in the global crypto industry; this optimistic sentiment is directly reflected in the strong demand from institutional investors for crypto ETF products.
Ethereum
The inflow of Ethereum ETFs in December reached $1.66 billion, accounting for 74% of the total inflow since inception.
Data from The Block shows that the inflow of Ethereum ETFs in December has accelerated significantly, reaching $1.66 billion, accounting for 74% of the total inflow of $2.24 billion since inception. Among them, BlackRock's iShares Ethereum Trust (ETHA) leads, with inflows reaching a single-day high of $292 million on December 5. Fidelity's FETH is the second most popular choice, although its inflows are generally lower compared to BlackRock's products. Investor interest in other ETH ETF providers is relatively mild, contrasting sharply with the inflow distribution of Bitcoin ETF products. Currently, the total assets under management of all Ethereum ETF products are approximately $11 billion.
Data: Long-term Ethereum holders are still increasing their holdings of ETH, totaling approximately 110 million ETH.
According to IntoTheBlock data, long-term ETH holders have shown confidence this year and continue to increase their positions. Currently, about 110 million ETH is held by long-term holders.
Data: 10.6% of Ethereum validators support raising the gas limit.
According to data from gaslimit.pics, 10.6% of Ethereum validators already support raising the gas limit, while this figure was just slightly above 1% before December. Previously, on March 20, Ethereum core developer Eric Connor and former smart contract head of Maker DAO Mariano Conti launched a website called Pump The Gas to persuade the community to raise Ethereum's gas limit to 40 million. They believe such an adjustment could reduce Layer 1 transaction fees by 15% to 33%.
A certain whale began to take profits after buying $6.97 million worth of Ethereum at the bottom in September this year.
According to monitoring by The Data Nerd, when ETH fell to a low of $23,000 on September 9, 0xc3d spent $6.97 million to accumulate 3,002 ETH. Two hours ago, he deposited 2,000 ETH (approximately $8.01 million) into Bybit, realizing an estimated profit of about $1.04 million. He still holds 1,005 ETH (approximately $4 million).
Other projects
Trump's crypto project WLFI increased its holdings by 759 ETH.
According to ARKM monitoring, Trump's crypto project WLFI spent 2.5 million USDC to exchange for 759 ETH six minutes ago.
Binance Alpha announces the fourth batch of project tokens.
Binance Alpha announced the fourth batch of project tokens: BNB Chain: BANANA, KOGE, BOB, MGP; Ethereum: PSTAKE; Solana: GNON, Shoggoth, LUCE; Base: ODOS.
OKX Web3 Wallet has reached a strategic partnership with Xterio to jointly advance the Befriend AI Beta project.
On December 20, OKX Web3 Wallet announced a formal partnership with the gaming infrastructure and AI gaming studio Xterio to jointly advance the Xterio Befriend AI Beta project. As an innovative force in AI gaming, Xterio owns a game chain and five self-developed game products, and has collaborated with nearly a hundred third-party games. The Xterio Befriend AI Agent gameplay, launched as a limited-time interactive project, allows users to earn points rewards by participating in activities and interacting with AI. It is reported that this gameplay has achieved a cumulative 10M UAW and an average of over 1M daily active users. This collaboration between OKX Web3 Wallet and Xterio will further deepen the relationship between both parties, giving users the opportunity to earn more points through AI interactions. In addition to extra points rewards, it has been revealed that in subsequent airdrop activities, OKX Web3 Wallet users will have the chance to receive an exclusive XTER rewards pool. According to the latest updates from Xterio's official website, the TGE has entered the countdown phase, marking a new important milestone in the project's development.
Binance Alpha will announce the fourth batch of project tokens at 17:30.
Binance Alpha will announce the fourth batch of project tokens at 17:30. It is reported that the fourth batch includes 9 projects, consisting of: 4 BNB Chain projects, 1 Ethereum network project, 3 Solana network projects, and 1 Base network project.
TON ecosystem L2 project Duck Chain completed a $5 million financing round.
TON ecosystem L2 project DuckChain has completed a $5 million financing round, with investors including dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto. The raised funds will be used to help DuckChain achieve its vision of unleashing the on-chain potential of Telegram Star users through TON-based EVM solutions.
A certain whale followed Trump's crypto project World Liberty and increased its holdings by 8 million ENA.
According to lookonchain monitoring, a certain whale followed Trump's crypto project World Liberty and purchased ENA, withdrawing 8 million ENA (approximately $9.2 million) from Binance to create a new address in the past 48 hours. Previously, the Trump crypto project World Liberty increased its holdings of ENA by over 230,000 earlier this morning.
