Théo insists he has no political motives and is simply trying to make money, but the sheer size of his funds makes it nearly impossible for him to exit these bets, taking on huge risks.

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.

Let’s start with Ethereum. Recently, “pessimism about Ethereum” seems to have become the consensus of the market, and the market seems to have no reason to prove that Ethereum is better than Solana.

In 1994, Kevin Kelly, a famous American writer and entrepreneur, explored in depth the intersection of technology, nature and human society in his masterpiece "Out of Control", and how these intersections shape our understanding of control, complexity and evolution.

The memecoin industry has seen a massive surge over the past few months, with its market cap surpassing $70 billion a few days ago. After the recent correction, that number currently stands at around $64 billion.

As we all know, interest rate cuts will likely lead to another burst of liquidity, thereby pushing up the prices of US dollar assets.

This week, 27 blockchain startups raised $213.5 million, with the largest round of financing being Kraken’s $42,500 grant from the Optimism Foundation. There were 12 projects that received seed round investment, and 14 projects received other rounds of financing.

Golden Finance launched the 2497th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Although this phenomenon seems to be a service innovation, it also hides potential legal risks. Below, we will analyze the legal risks behind this type of service and how to prevent them from the perspective of legal compliance.

On November 1, UBS took the groundbreaking step of launching the “UBS USD Money Market Investment Fund Token,” commonly referred to as “uMINT.”

According to PANews, meme coins are primarily driven by community participation and their value is often shaped by social media and market sentiment, as they lack fundamental economic or business applications. For a meme coin to be successful, it needs to create a wide appeal for brand building and community development. Support from influential individuals with large communities also increases the potential success of a meme coin, as seen with Elon Musk's support for DOGE in 2022. Overall, the volatility of meme coins can have a negative impact on the stability of an investment portfolio. Most meme coin investors are individuals who do not set profit targets, meaning they may ultimately achieve negative returns due to high volatility, especially when their portfolio has a significant proportion of meme coins. The Solana blockchain is attractive to meme coins due to its scalability and efficiency. Compared to Ethereum, Solana can process hundreds of transactions per second at a lower cost. In some ways, the meme coin frenzy on Solana can be compared to the ICO era on Ethereum. However, this approach is constantly evolving, and Solana may be more attractive than Ethereum due to lower transaction fees and faster transaction speeds. To discover projects like BOME early on, investors can follow KOL lists on Twitter, meme coin hunters on Solana, participate in online crypto communities, monitor social media trends, explore high-potential presale projects, use crypto market aggregators like CoinMarketCap, CoinGecko, and CoinCodex, and analyze meme coin metrics on platforms like Etherscan and Dune Analytics. The value of meme coins is mainly influenced by social media popularity and support from influential individuals, rather than fundamental financial indicators. Community activities on online platforms like Twitter and Reddit remain hotspots for meme coin promotion and discussion. The meme coin market is primarily driven by individual investors, and due to its unpredictable nature, institutional investors usually avoid investing in meme coins, except for high-risk speculative trades. Although many meme coins initially have little intrinsic value, the development of utility can significantly impact their longevity. Projects that expand their functionality beyond simple transactions and offer services like gaming or NFTs may see greater sustainability.

Since the launch of the node election on March 5, 2024, Mirror Staking Protocol has attracted more than 200 KOLs and more than 50 project institutions to participate in the election. As of today, more than 50,000 users have participated in voting, and the cumulative number of votes has exceeded 3 million. In addition, after the Mirror Staking Protocol released the testnet on March 21, 2024, more than 15,000 users have participated and successfully minted mBTC.

According to official news, the BTC second-layer network public chain project AINN Layer2 announced that it has received strategic investment from a number of well-known institutions in the BTC ecosystem. Waterdrip Capital, Satoshi Lab, Foundinals Lab, Monday Capital, AlNN Labs, Bitrise Capital, Genblock Capital, the exchange AscendEx and Bitmart's fund Cipholio Ventures, as well as many leading KOLs in the BTC ecosystem and partners from US dollar institutions participated in this project round of investment. AINN Layer2 is a BTC second-layer network project that supports the large-scale application of Web3 AI. It aims to continue to build the infrastructure of Web3 AI and is committed to supporting the application development of Web3 and AI.

According to crypto KOL @pcaversaccio, the attacker of Super Sushi Samurai may be a white hat hacker. According to messages on the chain, the hacker has already contacted the Super Sushi Samurai project team.