The Golden Weekly is a weekly summary column of the blockchain industry launched by Golden Finance, covering key news, market and contract data, mining information, project dynamics, technical progress, and other industry dynamics for the week. This article is a project weekly, bringing you an overview of the mainstream projects and star project progress this week.
Bitcoin
New Chairman of the U.S. House Financial Services Committee: Will consider the value of Bitcoin reserves to the U.S.
According to Walter Bloomberg, incoming Chairman of the U.S. House Financial Services Committee French Hill stated, 'The value of Bitcoin reserves to the U.S. or the Treasury must be seriously considered.'
Slow Fog Yu Sin: Quantum computing is far from breaking Bitcoin's private keys, and there is no need to worry about Satoshi's key security for now
In response to recent market concerns about the quantum computer chip Willow and the freezing of Satoshi's private key, Slow Fog founder Yu Sin cited crypto researcher Jeffrey Scholz's tweet stating: 'Quantum computing is still millions of gates away from actually breaking Bitcoin's private key. This quantum gate increase is not easy, and noise and error rates will also increase, ultimately leading to a waste in the real world... Let’s worry about Satoshi's private key in a few decades.'
Argentine President Milei plans to implement a free currency circulation plan next year, which may include Bitcoin
Argentine President Javier Milei announced his government's plan for the second year in office, discussing key issues including tax cuts, which will reduce national tax revenue by 90%, easing the burden on Argentines, and allowing provinces to set their own taxes. Additionally, Milei announced a plan to implement free currency circulation by 2025, allowing Argentines to conduct business in the currency of their choice, including Bitcoin.
BlackRock: The maximum allocation ratio for Bitcoin can reach 2%
BlackRock stated that allocating up to 2% of the portfolio to Bitcoin is a reasonable range.
10x Research: Bitcoin's price is driven by demand, highlighting 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. In Bitcoin's five bull markets, investors have continuously innovated ways to acquire Bitcoin, from early spot trading to leveraging futures, unsecured loans, spot Bitcoin ETFs, and now ETF options. This development highlights the increasing integration of Bitcoin with traditional financial markets, and regulatory approvals from institutions such as the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) have accelerated this trend, as these institutions have legalized Bitcoin-related financial products over time.
Ethereum
BlackRock's Ethereum ETF holdings market value surpasses $3.5 billion
BlackRock's official update on Ethereum ETF holding data shows that as of December 11, the iShares Ethereum Trust ETF's Ethereum holdings reached 929,056.1186 ETH, with a market value surpassing $3.5 billion, approximately $3,553,946,242.34.
VanEck releases 2025 crypto ETF predictions: SOL ETF approved, Ethereum ETF allows staking
VanEck releases three predictions for crypto ETFs in 2025: 1. Several new spot cryptocurrency ETFs will be approved (e.g., 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 exchange-traded fund iShares Ethereum Trust ETF holdings reached 981,155.3661 ETH, with a market value of $3,809,904,779.02.
CryptoQuant: Due to increased institutional demand, Ethereum may break through $5,000
According to a new report from CryptoQuant, Ethereum may soon break through $5,000 due to increased institutional demand, marking the historical highest price of the second-largest cryptocurrency by market capitalization. Moreover, on-chain activity is also very active. The company stated in a report on Thursday that funds flowing into the new Ethereum ETF have hit record highs. Last week, global investors injected $1.2 billion in new funds into the Ethereum fund, setting a record just months after spot ETH funds began trading in the U.S.
Ethereum Foundation sells 100 ETH for 374,300 DAI
According to on-chain analyst Yu Jin's monitoring, the Ethereum Foundation's address 0xd77…1f4, used for small high-frequency ETH sales, sold 100 ETH at a price of $3,743 five minutes ago, exchanging for 374,300 DAI. It has been 27 days since the last ETH sale, and this transaction interval is close to a month.
Other Projects
Bitcoin ecosystem wallet X verse will integrate Stacks' sBTC
According to The Block, 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 pass its first community proposal, aimed at deploying an Aave v3 instance for the WLFI protocol. This instance will be managed by an external risk manager and will be built on the existing Aave v3 infrastructure, eventually launching on the Ethereum mainnet.
Elon Musk's AI model Grok includes a new 'Meme generation' feature in its image generation images
On December 10, news broke 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. In addition to entity generation and artistic text, Grok's new image generation feature includes 'Meme generation'.
Aligned announces the token ALIGN economic model: 44% allocated to ecosystems and communities
On December 11, it was reported that Aligned Layer, based on EigenLayer, announced that its first product, Proof Verification Layer, has entered the mainnet Beta stage, and released the $ALIGN token plan. Additionally, Aligned released detailed information about the $ALIGN token, with a total supply of 10 billion, and an initial circulation of 30%. The token will be used to pay verification fees (on-demand payment or subscription model) and for dual staking to secure the network. Token allocation is 44% for the community and ecosystem, 10% for the foundation, 23.5% for the team, and 22.5% for investors. The Aligned team stated that more products, including Proof Aggregation Layer and zk-powered bridging services, will be launched in the future, and they have cooperated with more than 30 projects to jointly promote the application and development of zk technology.
Circle establishes a physical entity in the Abu Dhabi International Financial Center and partners with LuLuFin
Digital financial technology company Circle Internet Group, Inc. announced the establishment of a physical entity in the Abu Dhabi International Financial Center, 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 affiliates to promote remittances and cross-border payments using Circle's fully reserved digital dollar USDC.
Musk criticizes the U.S. government's IT lag leading to tax problems, analysts suggest blockchain may be the solution
Recently, Musk criticized the U.S. government for using outdated computers and software, causing the tax agency (IRS) to struggle with basic audits and even 'struggling to track the flow of tax payments.' Analysis has pointed out that blockchain technology could be one of the solutions to this problem.
