Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. The content covers key news of the week, market and contract data, mining information, project trends, technology progress and other industry trends. This article is a project weekly, giving you an overview of the progress of mainstream projects and star projects this week.
Bitcoin
Grayscale spot Bitcoin ETF banner appears on Wall Street in New York
DefiLabs said on the X platform that a banner for the Grayscale Spot Bitcoin ETF appeared on Wall Street in New York.
Bitcoin has surpassed the Swiss franc to become the 13th largest currency in the world
According to Bitcoin Magazine data, Bitcoin has just surpassed the Swiss franc CHF to become the 13th largest currency in the world. Big currency. According to 8marketcap data, the current market value of Bitcoin has risen to US$1,282.6 billion, surpassing META and becoming the ninth most valuable asset in the world.
South Korean authorities are discussing the prospect of approving a Bitcoin spot ETF
South Korean authorities are discussing whether to allow a Bitcoin spot ETF in the country, the head of South Korea’s financial regulator said on Tuesday. Spot Bitcoin exchange-traded fund approved. Lee Bok-hyun, director of the Korean Financial Supervisory Service, said: "I am one of those who has a positive attitude towards virtual assets, while others are cautious, and we also need to listen to their opinions."
Victory Securities announced the launch of a Bitcoin fund that accepts stablecoin subscriptions
Victory Securities, Hong Kong’s leading virtual asset brokerage, signed a cooperation agreement with Cactus Custody, a Hong Kong licensed trust company under Matrixport . According to the agreement, Cactus Custody will provide institutional-grade virtual asset custody services to Victory Securities.
Additionally, the collaboration provides a compliance threshold backed by regulatory components for KYT and AML instruments for Victory Securities’ products, including the Victory EMC BTC Cycle Fund, the first Bitcoin fund to accept stablecoin subscriptions. Recently approved by the Securities and Futures Commission of Hong Kong.
The profit from El Salvador’s Bitcoin holdings exceeded US$50 million
Based on the current price of Bitcoin of US$66,898, the total value of El Salvador’s positions rose to US$159 million, and the profit Reaching US$53.82 million. According to previously recorded data, El Salvador’s average holding cost is US$44,292, and its treasury holds a total of 2,381 Bitcoins.
JPMorgan Chase: Bitcoin “has surpassed” gold
According to a report released by JPMorgan Chase on Thursday, one indicator shows that among investors Bitcoin has become more popular than gold in investment portfolios, thanks to its price reaching new highs. As a mainstream cryptocurrency, Bitcoin has long been compared to gold, with some considering it to be a digital version of gold. On the face of it, gold should account for a higher proportion of investment portfolios than Bitcoin, as an estimated $3.3 trillion is invested in gold.
JPMorgan said that when comparing the two assets in nominal terms, the allocation to Bitcoin appears to be lower because Bitcoin has a market capitalization of only $1.3 trillion. Therefore, in theory, the value of Bitcoin can still rise by 153% to reach the value level of gold. However, this calculation ignores an important factor, namely risk. Since Bitcoin is approximately 3.7 times more volatile than gold, analysts say they expect Bitcoin to be on par with gold in nominal amounts in investors’ portfolios. Matching is unrealistic.
Bitcoin is approaching the all-time high and ranks 14th on Baidu’s hot searches
Bitcoin is on the Baidu hot search, “Bitcoin is approaching the all-time high "Now ranks 14th on Baidu's hot search list.
Ethereum
The market value of Ethereum surpasses luxury goods giant LVMH
According to 8marketcap Data shows that as Ethereum briefly broke through the high of US$3,900, its market value has reached US$460.1 billion, surpassing luxury goods giant LVMH and rising to 21st in the global asset market value ranking.
U.S. CFTC Chairman: Prometheum’s stance on Ethereum may trigger a conflict between regulatory agencies
Rostin Behnam, Chairman of the U.S. Commodity and Futures Trading Commission, said, Prometheum, the first and only company to receive a U.S. SEC special purpose broker-dealer license, is preparing to launch its trading operations, and its stance on Ethereum may spark a conflict between regulators.
Behnam said that both Bitcoin and Ethereum are commodities, but things could get complicated if the SEC says otherwise. He said: “This is obviously very critical... If the SEC does take any action to essentially validate Prometheum’s decision to treat Ethereum as a security, then it will list our registrant or exchange as a futures One of the contracts does not comply with SEC rules, which is contrary to CFTC rules."
SEC Chairman refused to give any hint on whether to approve a spot Ethereum ETF
In an interview with Yahoo Finance on Friday, US SEC Chairman Gary Gensler was Asked about the ten companies that have filed for Ethereum spot ETFs and whether he considered the summer court ruling involving Grayscale to be “precedent.” Gensler declined to make any hint about this, saying: "I don't want to prejudge any one application, and as you said, we have 10 applications in front of us, I will not prejudge that. But to your question, we will Consider the facts and circumstances and what is before us."
SEC meets with Coinbase and Grayscale lawyers to discuss spot Ethereum ETF
According to a According to public documents, the US SEC met with Grayscale lawyers and Coinbase yesterday to discuss the spot Ethereum ETF. The discussion included an analysis of the correlation between futures and spot markets.
Coinbase’s analysis shows that the correlation between Ethereum futures and spot markets is as strong as the correlation between Bitcoin markets. The SEC approved an Ethereum futures ETF for trading on CME, so there is no reason not to approve a spot Ethereum ETF.
Data: Ethereum mainnet fee revenue this week was approximately US$200 million, the highest in the past two years
IntoTheBlock’s market report on Friday Ethereum network revenue surged to a nearly two-year high this week as a speculative frenzy over meme coins fueled blockchain activity. IntoTheBlock data shows that Ethereum mainnet network fee income reached US$193 million this week, the highest figure since May 2022, an increase of 78% from last week.
On the other hand, the increase in activity makes blockchain very expensive for users. IntoTheBlock noted that Ethereum’s average transaction costs (gas fees) rose to $28 this week, making it “unaffordable” for many users.
Other projects
The NFT EIP-7007 launched by 7007 AI has completed minting
The generative AI project 7007 AI announced its launch The NFT project EIP-7007 has completed minting, is negotiating with OpenSea and Blur for listing, and can currently be traded on Magic Eden.
The NFT collection NodeMonke#2769 on the Bitcoin chain was sold for 17 BTC
< p>Data shows that the NFT collection NodeMonke#2769 on the Bitcoin chain was sold at a price of 17 BTC.
The price of ANGEL, ALITA’s first ecological mining project, hit a record high and is now quoted at US$2.86
According to official news, according to data from PancakeSwap, ALITA’s The price of ANGEL, the first ecological mining project, hit a record high, currently trading at $2.86, with an intraday increase of 15.91%. The liquidity of the ANGEL/ALITA trading pair has reached 5.5 billion ALITA. The market fluctuates greatly, so please control your risks.
Microsoft and Ant Digital will participate in the Hong Kong Monetary Authority’s digital currency project
According to the South China Morning Post, the Hong Kong Monetary Authority (HKMA) announced the launch of The wholesale central bank digital currency (wCBDC) project pilot is the world's first platform for tokenized deposits, tokenized assets and central bank digital currency settlement. It will also form an architecture community to develop common standards.
According to people familiar with the matter, companies such as Microsoft and Ant Digital will join the community. Public information shows that Ant Digital will launch the Web3 technology brand ZAN for Hong Kong and overseas markets in 2023 to provide Web3 technical services to compliance agencies. Its products can help developers reduce development costs and technical risks.
The Hong Kong Monetary Authority announced the launch of a new wholesale-level central bank digital currency project
On March 7, the Hong Kong Monetary Authority (HKMA) announced the launch of a new central bank digital currency project. Wholesale level central bank digital currency (wCBDC) project Ensemble to support the development of Hong Kong’s tokenization market. The focus of the Ensemble project is the wCBDC "sandbox" that the HKMA will launch this year. The "sandbox" will further research and test tokenization use cases, including the settlement of tokenized real-world assets (such as green bonds, voluntary emission reductions, aircraft, electric vehicle charging stations, electronic bills of lading and treasury management), are more likely to develop into new financial market infrastructure, serving as a bridge between tokenized real-world assets and tokenized currencies in transactions.
DePIN Blueprint, a project of Czech payment company Titan TokenX, was officially launched
According to news on March 6, DePIN Blueprint, a project of Czech payment company Titan TokenX, has been launched. Officially launched on March 6th. Executive Officer Charanjeet Singh announced that he will strengthen cooperation in the storage field in EU countries and optimize the decentralized payment and settlement solution in the next 2.0 territory.
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