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 mainstream projects and star projects this week.
Bitcoin
16th Anniversary of the Release of Bitcoin White Paper
On October 31, 2008, a cryptographer named Satoshi Nakamoto published the Bitcoin white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on the P2P foundation website. Today, it celebrates its 16th anniversary.
NFT sales on the Bitcoin chain exceeded US$70 million in October, an increase from August and September
According to Cryptoslam data, NFT sales on the Bitcoin chain reached US$71,347,510.42 in October, an increase from August (US$60,526,412.46) and September (US$63,603,568.14). In addition, the NFT transaction volume on the Bitcoin chain reached 124,680 in October, including 36,509 independent buyers and 34,523 independent sellers. So far, the total sales of NFTs on the Bitcoin chain has reached approximately US$4.597 billion.
Matrixport: Bitcoin may still maintain its upward momentum after reaching a one-year high
Matrixport released its latest report saying that the price of Bitcoin has not yet reached the $125,000 target listed in our report on July 6, 2023, and there are still two months to the end of the year.
Although the target seems a bit ambitious, the price trend of Bitcoin has so far followed the price trajectory proposed in our 2023 research report. Therefore, Bitcoin may still maintain its upward momentum after reaching a one-year high as we predicted in our analysis in July 2023.
Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin
Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin.
As previously reported, Microsoft listed the issues to be discussed at the next shareholder meeting in a Form A filing submitted to the U.S. Securities and Exchange Commission (SEC) on October 24. One of the proposals suggested that the technology company should study Bitcoin to hedge against inflation and other macroeconomic impacts.
Florida's Chief Financial Officer advocates for the establishment of a strategic Bitcoin reserve
The Chief Financial Officer of Florida, USA, advocates for the establishment of a strategic Bitcoin reserve, calling BTC "digital gold."
Ethereum
Vitalik slams Ethereum critics with "wartime state"
On October 28, according to Kaito AI data cited by Andy, the host of the crypto show The Rollup, Ethereum co-founder Vitalik Buterin, who is in a "wartime state", topped the list with 1.69% of the "opinion leader mind share" in the past seven days.
Buterin recently published a long article to defend the Ethereum Foundation's routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network's proof-of-stake mechanism and keep the network running without interruption since 2016.
He also called on critics to "give some respect." The reason why the Ethereum Foundation does not use all ETH for staking to cover costs through income instead of selling is that the Ethereum Foundation hopes to avoid being forced to make an "official choice" in controversial hard fork events. The Ethereum Foundation is exploring other ways to participate in staking, including issuing grants in the form of staked ETH, which enables grant recipients to control withdrawal times and retain earnings. He also mentioned the possibility of delegating the foundation's staking responsibilities to other organizations.
BlackRock ETHA's Ethereum holdings are worth nearly $1.2 billion
BlackRock officially updated BlackRock ETHA's Ethereum holdings. As of October 29, ETHA's Ethereum holdings were 446,583.8799 ETH, with a holding value of $1,181,084,853.14.
Grayscale Mini Bitcoin and Ethereum ETFs attracted $750 million in the first three months
Grayscale released a report on October 29, saying that its mini Bitcoin and Ethereum ETFs attracted $750 million in the first three months. Grayscale Bitcoin Mini Trust and Grayscale Mini Ethereum Trust were spun off from BTC and ETH funds, respectively, and listed in July. The management fee of the mini trust is 0.15%, excluding promotional fees, which is the lowest base fee charged among spot cryptocurrency ETFs.
John Hoffman, managing director and head of distribution and partnerships at Grayscale, said in a statement: "The success of BTC and ETH to date symbolizes the strong demand for low-cost crypto ETPs from customers."
Vitalik Buterin discusses the key goals of the sixth part of the Ethereum protocol, The Splurge
Ethereum co-founder Vitalik Buterin published his latest article: "The Possible Future of the Ethereum Protocol (Part VI: The Splurge)", pointing out that the key goals of Ethereum in this possible stage are:
· Bring the Ethereum Virtual Machine (EVM) to a high-performance and stable "final state";
· Introduce account abstraction in the protocol so that all users can benefit from safer and more convenient accounts;
· Optimize transaction fee economy, improve scalability, and reduce risks;
· Explore advanced cryptography in order to significantly improve Ethereum in the long run.
UBS launches first tokenized investment fund based on Ethereum
UBS announced that it will launch its first tokenized money market fund globally, starting in Singapore. The UBS USD Money Market Investment Fund Token (uMINT) is a money market investment fund based on Ethereum distributed ledger technology (DLT).
UBS said the fund provides investors with an institutional-grade cash management solution with controlled risk, supporting high-quality money market instruments.
Other projects
Privacy blockchain project Nillion raises $25 million
Privacy blockchain project Nillion raised $25 million in a round of financing led by Hack VC, with participation from Arbitrum, Worldcoin and Sei. Nillion is trying to attract projects at the intersection of blockchain and artificial intelligence (AI), which need to securely share and store large amounts of data. Blockchain merges with AI by trying to decentralize ownership and the data needed to utilize AI engines, thereby preventing it from being dominated by a few centralized entities.
Trump family crypto project WLFI plans to issue stablecoins
Sources said that the Trump family crypto project World Liberty Financial (WLFI) plans to issue stablecoins. The project recently raised $14 million in its first token sale. It plans to create and issue its own stablecoin, which is still under development and may take some time to launch.
The team is still determining how to ensure the security of the financial product before bringing it to market, according to the source. Another source said that the team is developing the main project components of World Liberty Financial, including stablecoins, at the same time to ensure that these features can be launched at the right time.
Tether CEO: Two new products are planned to be released in November
Tether CEO Paolo Ardoino posted on the X platform that Tether is ready to release two new products in November, but he has not disclosed more details yet.
Securitize launches new tokenized fund management service
Tokenization company Securitize has launched a new service designed to simplify and compress tokenized fund management, which will be available globally. Securitize's tokenized on-chain assets have exceeded $1 billion, mainly due to the breakthrough success of BlackRock's BUIDL fund.
The fund management service will help companies such as BlackRock and Hamilton Lane create new crypto-based funds, while also assisting with regulatory compliance, tax services, financial reporting and record keeping.
The Monetary Authority of Singapore established the Global Finance and Technology Network GFTN, and the first phase will pilot digital assets and tokenization and promote AI adoption
The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN) to promote the development of Singapore's fintech ecosystem and promote greater synergies and networks with the global fintech community. Among them, the first phase of measures include developing a regulatory sandbox framework, establishing cross-border payment links, piloting digital assets and tokenization, and promoting the adoption of artificial intelligence (AI). GFTN will work with MAS to advance industry and policy dialogues in the fields of payment, asset tokenization and AI/quantum.
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