1. Next week will be the U.S. "non-farm week". Federal Reserve Chairman Powell will deliver a speech on Tuesday, and a number of key economic data will be released one after another.
2. If US Vice President Harris wants to attract cryptocurrency voters, she needs to take practical actions, and the specific policy details are still to be announced.
Tim Kravchunovsky, founder and CEO of decentralized telecommunications network Chirp, said this week that U.S. Vice President Harris needs to put some real action behind her words if she wants to attract cryptocurrency supporters. While Harris may hint that she supports cryptocurrencies, explaining why would help attract undecided voters. Kravchunovsky hopes to see more specific details on her proposed digital asset policies, similar to promises made by former President Trump, but he noted that both presidential candidates may fail to deliver on their promises.
3. The net asset value of BlackRock's spot Ethereum ETF exceeded US$1 billion for the first time, setting the highest single-week inflow since early August.
After a good week of trading for the U.S. spot Ethereum exchange-traded fund, BlackRock’s fund has surpassed $1 billion in total assets just two months after its launch. Last week was the second week of positive net inflows since the fund launched, indicating renewed enthusiasm for the token.
4. The total assets of the U.S. spot Bitcoin ETF hit a two-month high, and the daily inflow reached the highest level since June.
Driven by the rise in Bitcoin prices, the total assets of the U.S. spot Bitcoin ETF have reached the highest level in two months for seven consecutive trading days. Friday was also the day with the most inflows into the fund since early June, reaching the highest level in nearly four months.
5. Musk's xAI's data center has launched 100,000 Nvidia H100 chips, making it the most powerful computer known.
Musk’s new xAI data center in Memphis hit a major milestone this week when all 100,000 advanced Nvidia chips came online simultaneously, according to people familiar with the matter. The achievement makes the data center, nicknamed “The Colossus,” the most powerful computer known and represents a major technological advance for xAI, a relatively young company that was able to get the massive facility operational in less than six months. Although Musk tweeted that the facility is the largest in the world, industry experts have questioned whether xAI has the energy and technical capabilities required to run so many GPUs — in this case, Nvidia’s H100 chips — simultaneously. xAI is using the data center to train the AI models that power Grok, the company’s chatbot that bills itself as an uncensored version of ChatGPT. -Original post
6. Circle injected 9 million USDC into BlackRock BUIDL Fund, showing its continued attention to the digital asset market.
About 17 hours ago, 9 million USDC flowed from Circle's hot wallet into BlackRock's BUIDL Fund. As of now, the BlackRock BUIDL Fund's marked address holds a total of approximately 88.146 million USDC.
7. Cryptocurrency giant loses more than $32 million in suspected phishing attack involving malicious transaction signing.
First spotted by ScamSniffer, a cryptocurrency mogul lost more than $32 million worth of Spark Wrapped Ether (spWETH) after signing a malicious transaction. The vulnerability appears to be driven by the infamous Inferno Drainer scam-as-a-service software, which targeted cryptocurrency traders by tricking popular DeFi protocols into signing agreements for control of their wallets.
8. Binance’s current CEO said that CZ is no longer involved in any decision-making, although he still holds about 90% of the shares.
Richard Teng, current CEO of Binance, said at the Korea Blockchain Week held in Seoul, South Korea earlier this month: "Compared to when CZ was the CEO, Binance's company structure is completely different now. It is a board-led structure. Of course, CZ retains his shareholder rights as a shareholder, but in my daily work, I will work closely with the board to formulate our global strategy." Vishal Sacheendran, current regional head of Binance, said in an interview earlier: "CZ will not participate in any decision-making of Binance. Despite this, CZ is still the largest shareholder of Binance, owning about 90% of the shares." -Original text
9. Michael Saylor predicts that by January 2, 2035, 99% of Bitcoin will be mined.
MicroStrategy founder Michael Saylor posted on the X platform that by January 2, 2035, 99% of BTC will be mined.
10. Uniswap Labs announced that nearly 1 million uni.eth domain names have been claimed.
Uniswap Labs published a post on the X platform saying that nearly 1 million uni.eth domain names have been claimed, and the domain name is still available for free in the Uniswap mobile app.
11. Galaxy stated that BlackRock's spot Bitcoin ETF options still need approval from the US CFTC and OCC, and the trading time has not yet been determined.
Galaxy posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade spot Bitcoin ETF options, but it still needs to obtain approval from the U.S. CFTC (U.S. Commodity Futures Trading Commission) and OCC (U.S. Office of the Comptroller of the Currency). There is no definite timetable yet, so the exact start date of trading is still pending. It is reported that there are certain restrictions on spot Bitcoin ETF option trading, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to cooperate with other exchanges to integrate these requirements with existing monitoring systems. Galax added that in the long run, spot Bitcoin ETF options can stabilize Bitcoin's volatility, enhance investor confidence, and deepen market liquidity. Coupled with the recent launch of the digital asset custody service by Bank of New York Mellon, the institutionalization of Bitcoin is accelerating. -Original text
12. The address from which more than 12,000 spWETH were stolen may be associated with Cobo co-founder Shenyu.
Lookonchain disclosed that a certain address lost 12,083.6 spWETH (about 32.33 million U.S. dollars) due to a phishing attack. According to Arkham, the wallet may be related to Cobo co-founder and CEO Shenyu (@bitfish1). To avoid phishing, please do not click on any unknown links or sign any unknown signatures. -Original text
13. Vitalik published his latest article, proposing the concept of "Ethereum alignment", emphasizing the unity and decentralization of the ecosystem.
Ethereum co-founder Vitalik published an article titled "Making Ethereum's Alignment Visible", which talks about how to balance the Ethereum client team, researchers, Layer 2 teams, application developers, and local community groups to ensure that all these projects collectively build a unified Ethereum ecosystem. The concept of "Ethereum alignment" was proposed. This can include value alignment (for example, open source, minimal centralization, and support for public products), technical alignment (for example, adopting ecosystem-wide standards), and economic alignment (for example, using ETH as a token whenever possible). Vitalik analyzed from the perspectives of open source, open standards, decentralization and security, and positive sum. His ideal goal is to see more entities like L2beat emerge to track the performance of various projects in meeting the above standards and other standards proposed by the community. Instead of competing for connections, projects should compete on alignment based on easy-to-understand standards. "Dashboard organizations" like L2beat, block browsers, and other ecosystem monitoring tools are an excellent example of this principle working successfully in the Ethereum ecosystem. If the different aspects of alignment can be made clearer, without centralizing them on a single “overseer,” the concept can be made more effective and do a better job of the fairness and inclusivity that the Ethereum ecosystem strives for.
14. T-REX’s 2x leveraged long MSTR ETF had a net inflow of $72 million in its first week of listing, making it one of the most successful new ETFs on the market.
T-REX’s 2x Long MSTR Daily Target ETF (MSTU) attracted over $72 million in capital seven days after its launch, becoming one of the most successful new exchange-traded funds (ETFs) on the market and offering the largest multiple of any existing MSTR-linked ETF.
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