BTC short-term holder transfer volume drops sharply Ethereum launches EIP-7732

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, and project dynamics. , technological 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 volume of transfers by short-term Bitcoin holders has dropped sharply, indicating market stability

According to Glassnode data, since the 2024 halving, short-term Bitcoin holders have transferred to exchanges when they are losing money. The volume of transfers has decreased significantly. This transfer volume peaked at 90,000 BTC in early 2024, but stabilized below 30,000 BTC after the April halving. Historical data shows that short-term holders of Bitcoin tend to increase transfer activity during major price declines, reflecting panic selling. This trend was particularly evident during the 2018 bear market and the March 2020 COVID-19 crash. However, after the 2024 halving, the market showed greater stability and investor confidence, and panic transfers decreased. Still, it’s important to monitor transfer volume, as its peaks often signal significant price movements and could be a potential indicator of changes in market sentiment.

Bit Digital and Iris Energy’s Bitcoin production has declined in the past three months

Bit Digital and Iris Energy have released their Bitcoin (BTC) mining data for the past three months. Data shows that Bit Digital mined 119.3 BTC in April, 63.3 BTC in May, and 61.7 BTC in June. The mining volume of Iris Energy during the same period was 358 BTC in April, 230 BTC in May, and 233 BTC in June. Despite the growth in hash rate, the two companies’ Bitcoin production has shown a downward trend since April.

Data shows that the German government still holds more than 40,000 Bitcoins after the recent sale of Bitcoin

The German government has been selling seized Bitcoins but still holds more than 40,000 BTC worth more than $2.3 billion, according to on-chain data from blockchain intelligence firm Arkham.

IntoTheBlock: Nearly 30,000 Bitcoins flowed into the exchange this week

IntoTheBlock data shows that nearly 30,000 Bitcoins (valued at $1.73 billion) flowed into exchanges this week, an influx that indicates panic sellers are dumping assets as prices fall.

Financial Times: If Trump is elected, it may trigger a "Bitcoin rebound in the second half of the year"

Ethereum

Vitalik’s EIP-7732 proposal aims to improve Ethereum Running speed

Ethereum developers have launched a new Ethereum improvement proposal EIP-7732, which aims to overhaul the block verification process. Speed ​​up the blockchain. The proposal makes significant changes to block verification to improve the security and performance of the blockchain by splitting the block verification process into consensus and execution parts. EIP-7732 responds to the Ethereum blockchain’s growing need for efficiency and follows Ethereum co-founder Vitalik Buterin’s push for faster transaction confirmation times.

The Ethereum Foundation email was hacked, and the hacker promoted the Lido pledge phishing scam

The Ethereum Foundation’s email account was hacked, sending phishing emails to 35,794 people, and recording the email addresses of 81 subscribers. The email falsely claimed that the foundation cooperated with LidoDAO to provide 6.8% of the Ethereum pledge income. If the user clicks on the link in the email and approves the transaction, their wallet will be emptied. The foundation quickly blocked the delivery of the malicious email, closed the attack path, and issued warnings to relevant parties. The investigation revealed that although the attackers obtained some new email addresses, no victims lost funds in the attack.

Galaxy Digital Asset Management Head: Expected to launch spot Ethereum ETF in July

Galaxy Digital head of asset management Steve Kurz said the U.S. Securities and Exchange Commission may approve a spot Ethereum ETF before the end of July and is optimistic about more cryptocurrency ETFs. Kurz said approval is expected to come in weeks, not days, and within a month. Additionally, Galaxy has been working with the SEC for months, noting that the company’s upcoming spot Ethereum ETF is similar to its existing spot Bitcoin ETF (BTCO). Galaxy has partnered with investment management firm Invesco to create the two funds.

Bitwise: Ethereum is one of the most exciting tech investments in the world

Bitwise chief investment officer Matt Hougan published an article "Why Ethereum ETP may be more successful than you think". Hougan said that investors love technology, and Ethereum is one of the most exciting technology investments in the world. . In last week’s CIO memo, I argued that Ethereum ETPs would gather $15 billion in net flows by the end of 2025. This would be a huge gain, putting Ethereum ETP at the top of the list of the most successful ETP launches of all time. However, it was unable to achieve comparable success to the Bitcoin ETP. Less than six months after its listing, Bitcoin ET has already attracted $14 billion in net inflows. I expect this number to surge to over $50 billion by the end of 2025 as Bitcoin ETPs gain approval from large platforms such as Morgan Stanley and Merrill Lynch. In terms of market capitalization, Bitcoin is 3 times larger than Ethereum and better known, so it makes sense that Bitcoin ETPs attract three times the traffic of Ethereum products.

Ethereum core developers launch EIP-7732

Ethereum core developers have announced the launch of EIP-7732, the official specification for Enshrined Proposer-Builder Separation (ePBS). EIP-7732 is a consensus layer-only upgrade that separates execution verification from consensus verification and embeds PBS directly into Ethereum’s consensus layer. PBS refers to the separation of block proposers and builders. EIP-7732 includes changes to the beacon chain, fork choice rules, P2P communication, and allows validators to take on the role of builders. Builders are complex actors who build blocks to extract MEV. ePBS provides trustless exchange between proposers and builders and enables efficient CPU utilization by validators. This implementation features a Payload Timeliness Committee (PTC), a subset of the validation committee that votes on the timeliness of builder payload releases. The EIP-7732 is also designed to be compatible with future upgrades, as included in the list.

Other projects

Telegram applet development Developers can now exchange Telegram Stars for TON tokens

Telegram applet developers can exchange Telegram Stars for TON tokens, or at a discount Price to buy Telegram ads. "Bot developers who offer digital goods and services and creators who monetize their channels through paid posts can now use the Telegram Stars they earn to earn Toncoin rewards or purchase Telegram ads. Telegram will not actually earn money from Stars," the announcement said. No commission is charged on the transaction, so only taxes and payment system fees are paid. When users transfer Stars to a Telegram advertising account, Telegram offers a 30% discount to cover all third-party payment system fees. ”

Ava Labs announces Launched the Avalanche inter-chain token transfer (Avalanche ICTT) solution, which leverages the underlying technology of Teleporter and Avalanche Warp Messaging to support seamless cross-chain tokens such as USDC and BTC between various L1s (formerly known as subnets) on Avalanche. Avalanche ICTT also allows any developer to customize L1 using their own ERC-20 as Gas token.

Bitcoin chain extension protocol QED completes US$6 million in seed round financing

Bitcoin chain extension protocol QED announced the completion of a $6 million seed round of financing, with Blockchain Capital participating as the sole investor. Its founder revealed that this round of financing brought QED's valuation to "9 figures." , that is, at least US$100 million. QED’s total funding to date reaches $10.6 million. The company previously raised $3.25 million in pre-seed funding from Arrington Capital, StarkWare, Draper Dragon and others, and a $1.35 million angel round from Animoca Brands-backed Sparkle Ventures, among others.

Riot: Plans to achieve a computing power scale of 31 EH/s by the end of the year

The number of Bitcoins mined by Riot Platforms in June was 255, a month-on-month increase of 19%. Although the number of Bitcoins mined by the company is only about half of the same period last year, this is in line with expectations after the Bitcoin halving event in April this year. Riot said in its filing that it had exceeded its second-quarter hash rate target of 21.4 EH/s and had reached 22.0 EH/s by the end of the month. Riot also announced that it received $6.2 million in electricity subsidies from the Texas grid, a slight decrease from last month, and plans to achieve a total self-mining hash rate of 31 EH/s by the end of the year.

ether.fi proposes to deploy ETHFI staking contract on the Ethereum mainnet

The re-pledge protocol ether.fi has launched a new proposal and plans to deploy the ETHFI pledge contract on the Ethereum mainnet. Users can stake ETHFI tokens to earn ether.fi loyalty points, earning rewards that will increase over time. This mechanism links rewards with governance participation and effective balances, and includes future incentives and voting functions.