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Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

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KuCoin CEO Johnny Lyu has reacted to the growing messages of fear, uncertainty, and doubt (FUD) circulating in the community amid the recent charges filed against the prominent exchange by the U.S. government.  Lyu emphasized that such regulatory action is not unique to KuCoin but is widespread in the crypto scene. “The challenge we’re facing […] source: https://coinedition.com/kucoin-ceo-criminal-allegations-reflect-industry-growth-not-unique-to-exchange/

One of leading members of SHIB team has published crucial statement to fight back against anti-Shibarium FUD source: https://u.today/major-shiba-inu-team-statement-to-fight-back-fud-shakes-community

According to CryptoPotato, Cardano has once again outperformed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March 11 and 17, Cardano registered 978,780 commits on GitHub, exceeding its closest competitor, Ethereum, which recorded 407,170 commits during the same period. The data from blockchain intelligence platform IntoTheBlock also revealed that Avalanche has a commit count of 315,770, while Litecoin and Tron stand at 84,110 and 79,380 commits, respectively. This activity indicates potential for decentralized application (dApp) launches and protocol improvements, enhancing overall resilience and functionality. Despite Cardano’s strong developer commitment, its price has remained below $1 since April 2022, currently at $0.59, with nearly 18% in weekly losses. It is important to understand that developer engagement does not always directly influence price. The metric, however, helps gauge developers’ commitment to building, maintaining, and securing the ecosystem. Cardano is no stranger to FUDs. In fact, the latest stats come on the heels of allegations its Layer 2 project, Hydra, was abandoned by the team. Cardano co-founder Charles Hoskinson refuted the rumors and confirmed ongoing development, deeming them to be “pure FUD.” According to DefiLlama, Cardano experienced an increase in the total value locked (TVL) in decentralized finance (DeFi) this year, climbing to $520 million on March 14th. The figure has since come down to $385 million as of March 20th.

Online reports suggest that Mingxing Xu, commonly referred to as Star Xu, the founder of OKX, is reportedly under investigation in the United States. Xu swiftly refuted these allegations, expressing his frustrations with the ongoing FUD across social media. Is OKX Founder Facing Legal Troubles in the US? Rumors began swirling in the Chinese crypto community when Alvin, a... source: https://beincrypto.com/okx-founder-criminal-investigation/

온라인 보도에 따르면 OKX의 설립자이자 스타 쉬로 불리는 밍싱 쉬가 미국에서 조사를 받고 있는 것으로 알려졌습니다. 쉬는 소셜 미디어를 통해 이러한 의혹을 신속하게 반박하며 현재 진행 중인 FUD에 대한 불만을 표출했습니다. OKX 설립자가 미국에서 법적 문제에 직면하고 있나요? 중국 암호화폐 커뮤니티에서는 저명한 인물인 앨빈이 미국에서 체포된 것으로 추정되는 쉬에 대한 문의를 하면서 소문이 돌기 시작했습니다. 앨빈은 즉시 이 소문을 반박하며, 이 소식이 OKX의 네이티브 토큰인 OKB를 조작하기 위한 계략일 가능성이 있다고 주장했습니다. “오늘 많은 사람들이 쉬싱싱이 미국에 체포되었다는 소문이 사실인지 물어왔습니다. 저는 루머일 가능성이 높다고 생각합니다.... source: https://kr.beincrypto.com/6rec7kcv/51364/

이더리움 FUD(공포, 불확실, 의심)로 인해 거래소에 기록적인 자금 흐름이 발생했으며, ETH/BTC는 2022년 6월 수준으로 떨어졌다. 이를 유투데이가 23일 전했다. 이더리움(ETH)의 증권 상태에 대한 또 다른 FUD의 물결은 이더리움의 “성과 저하”의 주요 원인이라고 데이터는 말한다. 그러나 열정적인 보유자들은 대량으로 판매할 준비가 되어 있지 않은 것 같다. 이더리움 FUD로 인해 CEX(중앙화거래소)에 기록적인 ETH 유입이 발생함 지난주 이더리움(ETH) ... source: https://coincode.kr/14665

Ethereum FUD resulted in record-breaking money flow to exchanges, ETH/BTC dropped to June 2022 levels source: https://u.today/ethereum-panic-cex-inflows-hit-multi-month-highs

In the March 22nd issue of his firm’s “On-Chain Insights” newsletter, Lucas Outumuro, Head of Research at crypto analytics firm IntoTheBlock (ITB), dives into the recent criticism and scepticism surrounding Ethereum (ETH). He addresses concerns about ETH’s price performance and perceived regulatory threats, counterbalancing them with on-chain metrics that point to continued growth and bullish... source: https://www.cryptoglobe.com/latest/2024/03/ethereum-weathers-the-storm-on-chain-data-from-intotheblock-suggests-resilience-amidst-fud/

Ethereum's (ETH) momentum might be set for a change, as on-chain fundamentals are strengthening, according to the "On-chain Insights" newsletter from on-chain analysis firm IntoTheBlock. The newsletter highlights the criticism towards ETH in recent months both within crypto over underperformance versus Bitcoin (BTC) and in the mainstream over speculation of it being deemed an unregistered... source: https://cryptobriefing.com/ethereum-growth-signs-activity/

The earlier decline caused panic among investors but data shows a possible rise to $83,000. source: https://ambcrypto.com/bitcoin-can-fud-benefit-btc-in-the-long-run-data-suggests/