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
Tim Draper: Startups can use Bitcoin to hedge against bank risks
On June 6, venture capitalist Tim Draper, who has participated in investments in Coinbase, Ledger and Tezos, said that looking back at the scene when Silicon Valley Bank collapsed, he suggested that start-ups should start using Bitcoin as a way to hedge risks.
Bitcoin's second-layer network Mezo: ERC-20 asset withdrawals will be available within 24 hours
On June 6, Bitcoin's second-layer network Mezo said in its Discord community that ERC-20 assets will be available for withdrawal within 24 hours. In addition, the protocol will also open the native Bitcoin withdrawal function in the near future.
Arthur Hayes: The crypto bull market is reawakening, long Bitcoin and altcoins
Golden Finance reported that Arthur Hayes, founder of BitMEX, published the latest article "Group of Fools" saying that the central banks of G7 countries are trying to stabilize the market by narrowing the interest rate difference with the yen. The Bank of Japan cannot raise interest rates like other G7 countries due to its large holdings of Japanese government bonds. Some central banks are still cutting interest rates despite higher-than-target inflation. This will drive the recovery of the cryptocurrency market and advise investors to increase their holdings of Bitcoin and other cryptocurrencies. The Federal Reserve is unlikely to cut interest rates at its upcoming June meeting, although this has an important impact on the USD/JPY exchange rate. Arthur Hayes said that the crypto bull market is reawakening and is about to pierce the skin of profligate central bank governors. Go long on Bitcoin and then go long on altcoins.
Starknet: No new proprietary token will be created on Bitcoin
On June 7, Starknet clarified on the X platform about Starknet's entry into the Bitcoin extension layer: "Starknet will continue to focus on the expansion of Ethereum. Since the launch of Starknet, our goal has remained the same, that is, to develop STARK proofs to enhance the scalability and integrity of the blockchain we believe in. No new layer (Layer) or new exclusive tokens will be created on Bitcoin. Instead, Starknet will try to expand the execution layer of Bitcoin and Ethereum at the same time. Its security, governance, and ecosystem will be driven by STRK tokens."
SkyBridge Capital founder recommends GameStop buy Bitcoin
Golden Finance reported that GameStop and its stock became the focus this week, and the stock price experienced significant fluctuations. Anthony Scaramucci, founder of SkyBridge Capital, suggested that GameStop buy Bitcoin.
Ethereum
ProShares has submitted an application for an Ethereum spot ETF to the US SEC
Golden Finance reported that ProShares has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), planning to list and trade the Ethereum spot ETF on the New York Stock Exchange (NYSE).
Animoca Lianchuang: Hong Kong may allow Ethereum spot ETF to be pledged this year
Golden Finance reported that Animoca Brands co-founder Yat Siu said that Hong Kong asset managers are studying the introduction of staking functions into Ethereum spot exchange-traded funds. HashKey and Bosera jointly manage two Hong Kong spot Bitcoin and Ethereum ETFs and are currently developing a proposal to introduce Ethereum staking.
Ethereum Foundation Now Accepting Applications for Devcon Scholars Program
Golden Finance reported that the Ethereum Foundation is now accepting applications for the Devcon Scholars program, which aims to support minority groups who want to attend Devcon VII. The program provides financial assistance and requires participants to commit to participating in three months of activities starting in August. Participants must also submit a learning work before the end of Devcon VII. We encourage Ethereum community organizers, law students, legal professionals, builders, artists, and science fiction writers to apply to participate. A total of 100 participants will be selected. Devcon VII is scheduled to be held in Bangkok, Thailand from November 12 to 15, 2024, and Devcon Week will be held from November 9 to 17. Devcon is the largest annual gathering of Ethereum developers.
Wintermute CEO: Ethereum leaders are caught in a “huge contradiction”
Golden Finance reported that Evgeny Gaevoy, CEO of digital asset market maker Wintermute, said that Ethereum leaders must choose between supporting a capitalist or socialist economic system, but not both at the same time. You are either building capitalism or planning socialism. Sorry, you really can't have it both ways. If ETH fails in the future, it will not be because Solana is faster, but because the ETH "elite" is still caught in a huge contradiction. Gaevoy believes that Vitalik Buterin, Adams and many others in the Ethereum community are facing a contradiction. They claim to want to build products that will bring positive changes to society and are ultimately valuable, while continuing to try to solve the maximum extractable value (MEV), which is the maximum value that can be extracted from a set of transactions based on the order of transactions. Previously, Ethereum co-founder Vitalik Buterin and Uniswap founder Hayden Adams both recently commented on the surge in celebrity memecoins.
other projects
Russia plans to start using digital ruble for international transactions in the second half of 2025
Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, said at the St. Petersburg International Economic Forum (SPIEF) that central bank digital currencies (CBDCs) will become widespread and the norm for international payments within five years. He revealed that Russia may start using the digital ruble for international transactions in the second half of 2025, but it will first need to be tested domestically and widely implemented, including the use of legal entities. The Russian Central Bank has been actively developing the digital ruble, aiming to modernize the country's financial system and reduce dependence on traditional banking infrastructure. Since 2020, Russia has been testing various aspects of CBDC in pilot projects. The introduction of the digital ruble is not only intended to facilitate safer and more efficient financial transactions, but also aims to enhance Russia's economic sovereignty and reduce the impact of foreign sanctions on its financial system. Aksakov also mentioned that the initial testing of CBDC international transactions may involve China or Belarus, as the two countries are technologically close and have friendly relations.
Peru adopts India's UPI system to promote financial inclusion
The Central Bank of Peru (BCRP) and the National Payments Corporation of India (NIPL) have reached an agreement to create a system similar to India's Unified Payments Interface (UPI) to promote financial inclusion and help a large number of unbanked people. The new system supports offline transactions and enhances the interoperability of payment systems. BCRP President Julio Velarde said the system will introduce new players and complement the existing payment industry. NIPL has promoted the UPI system in many countries and established partnerships with financial institutions such as Google Pay.
zkSync: v24 upgrade has started, funds will be migrated to the new bridge contract
According to the zkSync developer account announced on the X platform, the v24 version upgrade has begun. L1SharedBridge is a new L1 contract, so the funds on zkSync Era will be migrated from the old contract to the new contract, and users do not need to worry about the safety of funds.
LayerZero CEO: Sybil review work is still not completed
LayerZero CEO Bryan Pellegrino posted on the X platform: To those who ask when the witch (censorship) affairs will end, and attached a picture "The work is not done yet".
Alchemy launches Rollup tool to help developers create custom Layer2
Web3 infrastructure company Alchemy has launched a new Rollup tool designed to help developers create their own blockchains. The tool enables developers to easily build and deploy custom Layer 2 chains, thereby improving development efficiency and simplifying the application of blockchain technology. Alchemy said that the release of this tool will promote the widespread application of blockchain technology, especially in decentralized finance (DeFi) and other Web3 fields.
