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
16th Anniversary of Bitcoin White Paper
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. Today, it celebrates its 16th anniversary.
Bitcoin on-chain NFT sales in October 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, the number of Bitcoin on-chain NFT transactions in October reached 124,680, with 36,509 unique buyers and 34,523 unique sellers. So far, the total sales of Bitcoin on-chain NFTs have reached about $4.597 billion.
Matrixport: Bitcoin may continue to maintain its upward momentum after reaching a new yearly high.
Matrixport released a new report stating that the Bitcoin price has not yet reached the $125,000 target listed in our report on July 6, 2023, with two months remaining until the end of the year. While this target may seem somewhat ambitious, so far, the Bitcoin price trend has followed the price trajectory proposed in our 2023 research report. Therefore, Bitcoin may continue to maintain its upward momentum after reaching a new yearly high, as predicted in our July 2023 analysis.
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. Earlier reports indicated that Microsoft listed questions to be discussed at the next shareholder meeting in a Form A filing submitted to 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.
Florida's Chief Financial Officer advocates for the establishment of a strategic Bitcoin reserve.
Florida's Chief Financial Officer advocates for the establishment of a strategic Bitcoin reserve, calling BTC 'digital gold'.
Ethereum
Vitalik criticizes Ethereum detractors with 'wartime status'.
News on October 28 states that according to Kaito AI data quoted by Andy, host of the crypto show The Rollup, Ethereum co-founder Vitalik Buterin ranked first with a 1.69% 'thought leader mind share' 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 and keep the network running uninterrupted since 2016. He also urged critics to 'give some respect'. The reason the Ethereum Foundation does not use all ETH for staking to cover costs through returns rather than sales is that it 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 form, allowing grant recipients to control withdrawal timing and retain earnings. He also mentioned the possibility of delegating the Foundation's staking responsibilities to other organizations.
BlackRock ETHA's Ethereum holdings are valued at nearly $1.2 billion.
BlackRock officially updates the Ethereum holding data of its ETHA fund, showing that as of October 29, ETHA holds 446,583.8799 ETH, valued at $1,181,084,853.14.
Grayscale's mini Bitcoin and Ethereum ETFs attracted $750 million in funds in the first three months.
Grayscale reported on October 29 that its mini Bitcoin and Ethereum ETFs attracted $750 million in funds in the first three months. The Grayscale Bitcoin Mini Trust and Grayscale Mini Ethereum Trust were split from the BTC and ETH funds and listed in July. The management fee for the mini trusts is 0.15%, excluding promotional expenses, making it 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 so far symbolizes a strong demand from clients for low-cost crypto ETPs.'
Vitalik Buterin published an article discussing the key goals of the Ethereum Protocol’s sixth part, The Splurge.
Ethereum co-founder Vitalik Buterin published a new article: (The Possible Future of the Ethereum Protocol (Part Six: The Splurge)), pointing out that the key goals for Ethereum in this possible phase are: · To bring the Ethereum Virtual Machine (EVM) into a high-performance and stable 'final state'; · To introduce account abstraction in the protocol, allowing all users to benefit from more secure and convenient accounts; · To optimize transaction fee economics, enhance scalability while reducing risk; · To explore advanced cryptography in hopes of significantly improving 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's distributed ledger technology (DLT). UBS states that the fund provides investors with an institution-level cash management solution with controllable risks, supporting high-quality money market instruments.
Other Projects
Privacy blockchain project Nillion raises $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 is attempting 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 aims to merge with AI by trying to decentralize ownership and utilizing the data needed by AI engines, thus preventing it from being dominated by a few centralized entities.
The Trump family's crypto project WLFI plans to issue a stablecoin.
Sources say that the Trump family's crypto project World Liberty Financial (WLFI) plans to issue a stablecoin, having recently raised $14 million in its initial coin offering. The project aims to create and issue its own stablecoin, which is still under development and may take some time to launch. Sources say the team is still determining how to ensure the safety of this financial product before bringing it to market. Another source said that the team is simultaneously developing the main project components for World Liberty Financial, including the stablecoin, to ensure these features can be launched at the appropriate time.
Tether CEO: Plans to release 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, although he has not disclosed further details.
Securitize launches new tokenized fund management services.
Tokenization company Securitize has launched a new service aimed at simplifying and compressing tokenized fund management, which will be available globally. Securitize's tokenized on-chain assets have exceeded $1 billion, largely due to the breakthrough success of BlackRock's BUIDL fund. This fund management service will help companies like BlackRock and Hamilton Lane create new crypto-based funds while also assisting with regulatory compliance, tax services, financial reporting, and record-keeping.
The Monetary Authority of Singapore has established the Global Finance and Technology Network (GFTN). The first phase will pilot digital assets and tokenization and promote 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 drive greater synergy and networking with the global fintech community. Among the first phase measures are 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 collaborate with MAS to advance industry and policy dialogue in payments, asset tokenization, and AI/quantum fields.
