The Golden Weekly is a weekly blockchain industry summary column launched by Jinse Finance, covering key news, market and contract data, mining information, project dynamics, technical progress, and other industry dynamics for the week. This article is the project weekly, taking you through the progress of mainstream projects and star projects this week.
Bitcoin
Bitcoin surged and then fell back, with bulls losing dominance
After Bitcoin failed to maintain above $100,000, profit-taking by investors has expanded the decline. Earlier this week, Bitcoin surged significantly, ultimately 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 the bulls have lost dominance and control over the price.' Bitcoin is currently down 2.4% to $95,133.
The scale of U.S. spot Bitcoin ETFs has surpassed that of gold ETFs
On December 17, K33 research director Vetle Lunde stated on platform X: 'In the U.S., the managed assets of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion). Although gold has a 20-year head start, it has now been overtaken.'
Bitcoin savings application developer BitDCA completes $2 million Pre-Seed round financing
Bitcoin savings application developer BitDCA announced the completion of $2 million in Pre-Seed round financing, with investor information not yet disclosed. The new funds are intended to support the development of a Bitcoin savings application called 'Littlebit.'
BlackRock releases 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 us how widely it will be adopted.'
Bitcoin sets the record for the longest seven-week consecutive rise since 2021
Since Trump's victory in the U.S. presidential election on November 5, Bitcoin prices have continued to rise, setting a record for the longest seven-week consecutive rise since 2021. Data shows that U.S. spot Bitcoin ETF products attracted a net inflow of $12.2 billion during this period, and Ethereum ETF products also received a net inflow of $2.8 billion. Aya Kantorovich, co-founder of institutional crypto platform August, analyzes that market participants are optimistic about Trump's support for digital assets and his commitment to making the U.S. a dominant force in the global crypto industry, and this optimism is directly reflected in the strong demand for crypto ETF products from institutional investors.
Ethereum
Ethereum ETF saw inflows of $1.66 billion in December, accounting for 74% of total inflows since inception.
Data from The Block shows that inflows into Ethereum ETFs accelerated significantly in December, reaching $1.66 billion, accounting for 74% of the total inflows of $2.24 billion since inception. Among them, BlackRock's iShares Ethereum Trust (ETHA) led the way, with inflows on December 5 reaching a single-day high of $292 million. Fidelity's FETH is the second most popular choice, although its inflow is usually lower than BlackRock's product. Investor interest in other ETH ETF providers is relatively moderate, sharply contrasting with the inflow distribution of Bitcoin ETF products. Currently, the total managed assets of all Ethereum ETF products are about $11 billion.
Data: Long-term Ethereum holders continue to increase their ETH holdings, totaling about 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 are held by long-term holders.
Data: 10.6% of Ethereum validators support increasing the Gas limit
According to gaslimit.pics data, 10.6% of Ethereum validators now support increasing the Gas limit, while this ratio 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 increase Ethereum's Gas limit to 40 million. They believe that such an adjustment could reduce Layer 1 transaction fees by 15% to 33%.
A whale bought $6.97 million worth of Ethereum in September this year and is now taking profits.
According to The Data Nerd monitoring, 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, estimated to have realized a profit of about $1.04 million. He still holds 1,005 ETH (approximately $4 million).
Other projects
Trump's crypto project WLFI increases holdings by 759 ETH
According to ARKM monitoring, Trump's crypto project WLFI spent 2.5 million USDC to convert to 759 ETH 6 minutes ago.
Binance Alpha announces the fourth batch of project tokens
Binance Alpha announces the fourth batch of project tokens, BNB Chain: BANANA, KOGE, BOB, MGP; Ethereum: PSTAKE; Solana: GNON, Shoggoth, LUCE; Base: ODOS.
OKX Web3 wallet and Xterio reach a strategic cooperation to jointly promote the Befriend AI Beta project
On December 20, OKX Web3 wallet announced a formal partnership with game infrastructure and AI game studio Xterio to jointly promote the Xterio Befriend AI Beta project. Xterio, as an innovative force in AI gaming, has its own game chain and 5 self-developed game products, while cooperating with nearly a hundred third-party games. The Xterio Befriend AI Agent gameplay, launched by Xterio as a limited-time interactive project, allows users to participate in activities and interact with AI to earn points as rewards. It is reported that this gameplay has achieved a total of 10 million UAW and an average of over 1 million active users daily. This cooperation between OKX Web3 wallet and Xterio will further deepen the relationship between the two parties, and users will have the opportunity to earn more points through AI interaction. In addition to the extra rewards of points, it is revealed that in subsequent airdrop activities, OKX Web3 wallet users will have the opportunity to receive an exclusive XTER reward pool. According to the latest updates on Xterio's official website, the TGE has entered the countdown stage, indicating that the project is reaching a new important milestone.
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 a total of 9 projects: 4 BNB Chain projects, 1 Ethereum network project, 3 Solana network projects, and 1 Base network project.
TON ecosystem L2 project Duck Chain completes $5 million financing
TON ecosystem L2 project DuckChain completes $5 million financing, with investments from dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto. The funds will be used to help DuckChain realize its vision of unleashing the on-chain potential of Telegram Star users through TON-based EVM solutions.
A giant whale follows Trump's crypto project World Liberty and increases holdings by 8 million ENA
According to lookonchain monitoring, a giant whale follows Trump's crypto project World Liberty to buy ENA, creating a new address that withdrew 8 million ENA (approximately $9.2 million) from Binance in the past 48 hours. Previously, Trump's crypto project World Liberty increased its holdings of more than 230,000 ENA again early this morning.
