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
The cumulative trading volume of the US spot Bitcoin ETF is close to 19 billion US dollars
Data released by Bloomberg analyst James Seyffart shows that the trading volume of the US spot Bitcoin ETF is still very strong, with today’s trading volume exceeding US$2 billion, of which GBTC still accounts for more than half of the trading volume (US$1.013 billion). In addition, the total trading volume of the ten spot Bitcoin ETFs in the first seven trading days was just under $19 billion, totaling more than $18.7798 billion.
Fidelity Bitcoin Spot ETF trading volume surpassed BlackRock for the second consecutive day
Data released by Bloomberg analyst Eric Balchunas showed that Fidelity Trading volume for the Bitcoin spot ETF exceeded BlackRock for the second day in a row, with Fidelity’s FBTC trading volume at $410 million today and BlackRock’s IBIT at $3.94.
Eric Balchunas said: "Two heavyweight players are competing against each other. Maybe we will see two The Ones in this situation."
Bitcoin miner Core Scientific will relist on Nasdaq on Wednesday
Bitcoin miner Core Scientific has completed the restructuring process and will Relisted on Nasdaq, trading is scheduled to resume Wednesday morning New York time.
Core operates in five U.S. states (Texas, North Dakota, North Carolina, Georgia, and Kentucky) by equipping data centers with specialized computers to mine Bitcoin and Other cryptocurrencies. It is reported that its restructuring plan has cut $400 million in debt from Core's balance sheet, and the company is deploying tens of thousands of mining machines with the goal of increasing its capacity by more than 50% in the next four years.
Franklin Templeton: Spot Bitcoin ETFs will gain traction as financial advisors become more familiar with the product
Franklin Templeton Head of Digital Assets Roger Bayston said in an interview that despite a slow start, its spot Bitcoin ETF will gain traction as financial advisors become more familiar with the product. Bayston said Franklin Templeton’s core business is working with financial advisors and wealth platforms to provide solutions, products and services to clients. He believes that as the investment community becomes more diverse, Franklin Templeton will become the “digital asset provider of choice.”
BitMEX Research: The total net outflow of the Bitcoin spot ETF on the 8th day was US$515.3 million
According to data from BitMEX Research, the Bitcoin spot ETF on the 8th day The total net outflows in 8 days were US$515.3 million, and the total outflows in 8 days were US$3.9 billion.
Survey: The proportion of El Salvador residents using Bitcoin will drop to 12% in 2023
The survey shows that in 2023, 12% of the local population in El Salvador will Have used Bitcoin at least once to pay for goods and services. This is a significant decrease from 2022, when the same university reported that 24.4% of Salvadorans had conducted transactions using Bitcoin. As Bitcoin becomes legal tender, the number of respondents whose family life has improved will increase from 3% in 2022 to 6.8% in 2023. While this suggests a positive relationship, it is worth noting that the majority of respondents (93.2%) did not attribute any improvement in their lives to the use of Bitcoin. Contrary to the positive correlation between Bitcoin adoption and individual well-being, the survey revealed a disconnect between cryptocurrency use and perceptions of overall economic conditions in El Salvador. Only 0.5% of respondents believe Bitcoin has played a role in improving the country’s economy.
Ethereum
Bloomberg analyst: The probability of spot Ethereum ETF being approved in May is about 60%
Bloomberg Intelligence analyst James Seyffart said that the probability of a spot Ethereum ETF being approved in May is about 60%. He said: "My base case forecast is that there is about a 60% or so probability of approval, but they have a lot of ways to delay it. If the SEC wants to be ready and want all issuers to go public at the same time, they will probably do it in May. 23 unless the SEC can find some way to deny or delay the entire process and take action." If approval in May is unsuccessful, Seyffart believes the resolution will be delayed until 2025.
Trump holds $1.1 million worth of MAGA coins in his Ethereum wallet
According to data from blockchain analytics firm Arkham Intelligence, Trump holds more than 579,000 MAGA (TRUMP) tokens in his Ethereum wallet, currently valued at approximately $1.1 million. Market data shows that the TRUMP token is up 222% this week and 689% over the past 14 days.
As of press time, Trump’s wallet holds nearly $2.6 million worth of cryptocurrencies, including approximately $755,000 worth of ETH and $731,000 of WETH.
Ethereum Layer2 TVL is currently US$21.7 billion, a decrease of 2.94% in the past 7 days
According to L2beat data, the current total locked position of Ethereum Layer2 (TVL) fell to US$21.7 billion, a decline of 2.94% on the 7th. Among them, the top five locked positions are:
Arbitrum One (USD 10.72 billion, a decrease of 3.67% on the 7th);
OP Mainnet (USD 5.55 billion, a decrease of 7% on the 7th) (a daily decrease of 13.37%);
Manta Pacific (USD 1.48 billion, an increase of 77.15% on the 7th);
Metis Andromeda (USD 782 million, a decrease of 5.95% on the 7th) );
Base (US$737 million, a decrease of 4.93% on the 7th).
The Dencun upgrade may be deployed to the Ethereum mainnet at the end of February or early March
Ethereum developers have set a final timetable for the Dencun upgrade. If If the Sepolia and Holesky testnets run smoothly on January 30 and February 7, developers will determine the date when Dencun will land on the Ethereum mainnet. The current target is the end of February or early March.
Other projects
dYdX Chain v3.0 protocol upgrade proposal has been launched
According to the update of the community governance forum, dYdX Chain v3. 0 protocol upgrade proposal is online, v3.0 aims to introduce several improvements, such as ICA account support, enhancements to liquidating Daemons, the ability to close markets, and the removal of non-linear margin requirements. Tian is currently in a 2-day deposit window, and if the deposit threshold of 10,000 DYDX tokens is reached within two days, the proposal will enter the voting stage.
EigenLayer plans to launch a "shared security" model for dapps
Re-staking protocol EigenLayer plans to launch a "shared security" model for dapps, which is a permissioned The protocol joins the network by leveraging a public ETH staking pool. In the future, the team intends to push the project to a major decentralized application platform and leverage shared security to enable other projects to launch.
It is reported that this version will enable the re-staking ETH on EigenLayer to be provided to all services developed on the network at the same time to implement a common security mechanism to deter potential attackers.
Horizen: The main network node software upgrade ZEN 5.0.0 is available for download
Horizen stated on the X platform that the main network node software upgrade ZEN 5.0.0 Available for download, ZEN 5.0.0 will perform a network upgrade via a hard fork at block 1502800 on February 7, 2024 at approximately 12:00 noon UTC. After the hard fork, users will not be able to perform any operations involving blocked addresses. transactions, users are advised to move funds out of the shielded pool before this happens.
iCandy Interactive launches new game Snaky Cat on Base Network
Mobile game developer iCandy Interactive announced that it has partnered with blockchain gaming company Animoca Brands to A new game called Snaky Cat has been launched on L2 Network Base and offers TOWER token rewards. TOWER tokens have been used in three other games, including Crazy Kings, Crazy Defense Heroes and Chaos Kingdom.
Synthetix deploys its perpetual contract protocol V3 on Base
The decentralized crypto derivatives market Synthetix announced that it has deployed its perpetual contract protocol on the Base network Contract Agreement V3 (Perps V3). Perps V3 will simplify the process for Base-based developers to launch new derivatives products on Synthetix and trade them on Synthetix-powered exchanges such as Kwenta, Polynomial and dHEDGE. According to Synthetix, more Synthetix V3 products are planned to be deployed on Base in the coming months, including a new perpetual futures exchange called Infinex.
Polygon will launch AggLayer, a new aggregation layer focused on blockchain interoperability, in February
Polygon Labs will introduce a new aggregation layer into its network A new aggregation layer for AggLayer, it will allow developers to connect to L2 blockchains and utilize Ethereum for settlement. It is reported that the first version of AggLayer will be released in February, with the goal of enabling developers to connect blockchains to support unified liquidity.
According to reports, AggLayer will ensure unified security between connected chains, especially chains within the Polygon ecosystem. In addition, AggLayer will become a key component of Polygon 2.0, interoperability solutions with other The scheme is different, AggLayer will aggregate ZK proofs from all connected chains.
The founder of Curve has obtained the ENS domain name llamalend.eth
On-chain data shows that the address starting with 0x7a16 controlled by Curve founder Michael Egorov has been obtained today The ENS domain name of llamalend.eth has been acquired. According to curvecap.lens’ disclosure a few days ago, Curve will launch an independent lending platform based on crvUSD within the year. Egorov’s move to acquire the domain name today further supports this news.
Nifty Island launches Web3 social gaming platform
According to the announcement, Web3 gaming platform Nifty Island has cooperated with more than 120 NFT projects and DAOs, including Yuga Labs Bored Ape Yacht Club, Chiru Labs’ Azuki, Limit Break’s DigiDaigaku, Moonbirds, Kanpai Pandas, Forgotten Runes and Sappy Seals bring more utility to NFT. The platform, which launched in public beta on January 17, 2024, already lists custom characters from the leading NFT community such as Bored Ape Yacht Club, Azuki, CloneX, Pudgy Penguins, y00ts, and Cool Cats, according to the Nifty Island website.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.