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
Grayscale GBTC Bitcoin holdings fell below the 300,000 BTC mark
Grayscale official data shows that as of April 26 local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark, reaching 298,445.4699 BTC, a decrease of about 2,167 BTC from the previous day.
In addition, GBTC's asset management scale (non-GAAP) is US$19,052,609,573.56, and the circulating shares have dropped to 335,190,100.
Long-term Bitcoin holders have been selling their positions since January
IntoTheBlock data shows that long-term Bitcoin holders began selling their positions in January, and the pace of selling accelerated by the end of March. They hope to profit as market confidence increases. IntoTheBlock emphasizes that although long-term holders are selling at present, there is still a long time before the peak of the current market cycle.
SEC sues Bitcoin mining company Geosyn, accusing its founder of defrauding $5.6 million
The US SEC has filed a lawsuit against Bitcoin mining company Geosyn Mining and its co-founder, accusing them of lying about the number of crypto mining equipment in operation and using customer funds for personal expenses, thereby defrauding investors of $5.6 million.
Hong Kong Stock Exchange will start trading Harvest Fund's Bitcoin and Ethereum spot ETFs on April 30
Hong Kong Stock Exchange will start trading Harvest Fund's Bitcoin and Ethereum spot ETFs on April 30.
Golden Finance previously reported that the Hong Kong Securities Regulatory Commission's official website previously listed the Bitcoin and Ethereum spot ETFs of three fund companies, Huaxia, Bosera and Harvest. Among them, Harvest Bitcoin Spot ETF (BUT244), stock code 03439, 09439; Harvest Ethereum Spot ETF (BUU885), stock code 03179, 09179.
ViaBTC auction of rare satoshis for Bitcoin's fourth halving block ended, with the highest bid reaching 33.3 BTC
ViaBTC has commissioned CoinEx platform to conduct the auction of rare satoshis "epic sats" for Bitcoin's fourth halving block. The highest bid reached 33.3 BTC, equivalent to approximately US$2,134,452.
The first satoshi mined in the first block of each halving period is called an "epic sat" because it has potential collectible value through the Ordinals protocol.
Ethereum
Informed sources: US SEC expected to reject spot Ethereum ETF next month
VanEck, ARK Investment Management and seven other issuers have submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch Ethereum spot ETFs. The SEC must decide on the applications of VanEck and ARK on May 23 and May 24, respectively. The two companies are the first in line to apply. And four people familiar with the matter said that after frustrating talks with the relevant companies in recent weeks, the SEC is expected to reject the two companies' applications to launch Ethereum spot ETFs.
Ethereum's 185th ACDE meeting: discussing L1 and L2 governance processes
The 186th meeting of the Ethereum Core Developer Executive Meeting (ACDE) was held, and developer timbeiko.eth compiled the minutes of the meeting, which covered devnet-0 updates, potential changes to EIP-3074, how non-client stakeholders should participate in the process, EOF, SSZ, and L1 and L2 governance processes.
Celo developer cLabs proposes to use OP Stack to develop Ethereum Layer 2
Celo core developer cLabs proposed to use OP Stack to develop its Ethereum Layer 2 chain. After evaluating various expansion technologies for eight months, cLabs chose OP Stack for development. The Celo community approved the proposal to migrate to Ethereum Layer 2 through a governance vote last July. It is planned to deploy a testnet in the summer of 2024 and conduct a community vote.
An Ethereum pre-mining address that has been dormant for 8.7 years has been activated, containing 197 ETH
According to the on-chain data tracking service Whale Alert, an Ethereum pre-mining address that has been dormant for 8.7 years has been activated, containing 197 ETH, currently worth approximately US$622,685. These ETH have been transferred to the address starting with "0x409e".
21.co Strategy Analyst: More than 15% of Ethereum on Beacon has been staked through EigenLayer
The Dune Analytics dashboard shared by 21.co Strategy Analyst Tom Wan shows that more than 15% of ETH on the Beacon chain has been staked through EigenLayer. A total of 4.9 million ETH, worth about $15.42 billion. Of these, 3.1 million ETH were reset natively, mainly through liquid pledge protocols. 1.7 million ETH were restarted through liquid pledge tokens, of which Lido's stETH accounted for 1 million stETH deposits. Of Ethereum's total supply of 122 million ETH, about 26% is hosted on the Beacon chain. EigenLayer first began accepting deposits for its protocol in June 2023.
Other projects
Tether CEO: We are hiring AI experts to form a team to focus on local privacy protection models
Tether CEO Paolo Ardoino posted on social media that Tether is hiring artificial intelligence experts to form a well-funded team to focus on local privacy protection models. By using thousands of GPUs, we can play a role.
WeChat Pay supports multiple scenarios for overseas visitors to China to use digital RMB for convenient payment
Under the guidance of the Digital Currency Research Institute of the People's Bank of China, the Tencent Digital RMB project team innovated with functions such as "barcode intercommunication" and "wallet fast payment". After opening a digital RMB wallet, overseas visitors to China can use the digital RMB App to scan the WeChat Pay commercial payment code and business payment code to pay at more than one million merchants in the digital RMB pilot area.
The project team is jointly operated by Tenpay and WeBank. Users can also open "WeChat Pay" under the wallet fast payment function. This function now supports overseas visitors to China who have opened digital RMB wallets of Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Bank of Communications. (Securities Times)
Galxe launches GAL pledge function
Web3 infrastructure Galxe announced the launch of the GAL pledge function. Through GAL pledge, users can access Galxe Earn and use their staked GAL tokens to participate in unique airdrop activities. GalxeEarn's Genesis Reward Pool includes cooperation with Arbitrum, Polyhedra and Merlin, and the total amount of allocated rewards is close to US$5 million.
The adoption of solutions such as Layer2 will be driven by the increase in Bitcoin transaction fees
Bitcoin Core developer Ava Chow said that any factor that causes transaction fees to soar may prompt people to seek other solutions. The Lightning Network is an option, and there are also Fedimint, Ark and numerous Layer2 networks. The high fee environment will prompt people to investigate it. This was echoed by a recent report from Messari, which believes that as the level of on-chain activity continues to rise, Bitcoin's Layer 2 solution is not only a luxury but also a necessity. Analyst Nikhil Chaturvedi wrote that Bitcoin is no longer just "digital gold" but a building platform.
Bitcoin L2 network Stacks' "Nakamoto" upgrade will be activated in May
Bitcoin L2 network Stacks began an upgrade called "Nakamoto", which started at Bitcoin block height 840,360 and aims to solve network congestion problems. Network creator Muneeb Ali said that Stacks' original design produced blocks at the same speed as Bitcoin, which led to congestion problems. This upgrade will separate Stacks' block production schedule from Bitcoin's. "Nakamoto" will introduce a new way of producing Stacks blocks and update its unique proof-of-transfer consensus algorithm. The upgrade will be fully activated in May.
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