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 a glance at the progress of mainstream projects and star projects this week.
Bitcoin
Bitcoin conference to be attended by Trump strengthens security measures, and the number of visitors may reach a new high
According to foreign media reports, organizers of the Bitcoin conference to be attended by Trump are strengthening security measures to prepare for an expected record number of visitors. After a decline in attendance during the Bitcoin bear market, the number of attendees at this Bitcoin conference will easily exceed last year's approximately 12,000 people, and may even be comparable to the more than 25,000 people in 2022, setting a new record. Brandon Green, chief of staff for the conference organizers, said ticket sales have accelerated since the announcement that Trump would attend the conference, predicting that the final audience could be between 20,000 and 45,000. The conference could provide a unique "symbiotic" opportunity for the Bitcoin industry and politicians. According to the Washington Post, one of the founders of the conference promised Trump that attending the conference could bring him $15 million in revenue.
CryptoQuant founder: Bitcoin retail investor demand is at a 3-year low
Ki Young Ju, founder of CryptoQuant, released data on social media saying that Bitcoin retail investor demand is currently at a 3-year low, measured by a 30-day change curve of total transaction transfer volume below $10,000.
Bloomberg: Britain should sell its $5 billion in Bitcoin
Bitcoin Archive tweeted that Bloomberg said Britain should sell its $5 billion in Bitcoin.
Bitwise CEO: Bitcoin and cryptocurrency are entering the mainstream
Bitwise CEO Hunter Horsley posted on the social platform that a report received today showed that there is a large bank in the United States, and 20% of all its wealth management branches (hundreds) have Bitwise ETFs. Bitcoin and cryptocurrency are entering the mainstream.
Crypto ATM operator Bitcoin Depot seeks to allocate part of its cash reserves to Bitcoin
Bitcoin Depot, which has more than 7,400 Bitcoin ATMs in the United States, announced that it will seek to allocate part of its cash reserves to Bitcoin. The company explained that this strategy puts it in line with other forward-looking institutions that use Bitcoin as a hedge against inflation and benefit from its assets in the future.
Bitcoin Depot said its Bitcoin purchases would be "opportunistic in nature" and would not include the funds needed for its operations. CEO Brandon Mintz said the move demonstrates the company's "long-standing belief in Bitcoin as an important financial asset and store of value." The company did not disclose how much of its cash reserves it intends to convert into Bitcoin, nor did it disclose whether it has set any proportional goals for this task.
Ethereum
US SEC Commissioner: The pledge function of Ethereum ETF may need to be reconsidered
COINOTAG posted on the X platform that US SEC Commissioner Hester Peirce said that Stake and the same type of creation/repurchase of Ethereum/Bitcoin ETFs may be reconsidered.
US judge agrees to reduce Ethereum developer Virgil Griffith's sentence by 7 months to 56 months
Ethereum developer Virgil Griffith traveled to North Korea in 2019 to "demonstrate and provide technical advice on the use of cryptocurrency and blockchain technology to evade sanctions", violating sanctions laws. In 2022, he was sentenced to 63 months in prison, equivalent to about 5 years in prison.
U.S. District Judge Kevin Castel ordered this week that Griffith's sentence be reduced by 7 months to 56 months. The judge said: "While the court does note the defendant's 'irregularities' during his detention at the Bureau of Prisons, the need to protect the public from further crimes by the defendant has diminished, and the court also notes the great difficulties the defendant has experienced during his imprisonment."
Cardano founder responds to V God: When cryptocurrency can't stay away from politics, it's time to vote for the more supportive party
In response to Ethereum co-founder Vitalik Buterin's latest remarks "oppose political voting based on whether to support cryptocurrency", Cardano founder Charles Hoskinson refuted: "My primary goal has always been to keep the government away from cryptocurrency as much as possible, but when this goal is impossible to achieve, the remaining options are very clear. If they continue to over-regulate, then we shouldn't vote for them... Voting for Biden is a vote for the demise of the US cryptocurrency industry. For this reason, we should vote for candidates who support cryptocurrency."
Bloomberg Terminal has added some Ethereum ETFs to prepare for next week's trading
Bloomberg analyst James Seyffart said on the X platform that we added some Ethereum ETFs to Bloomberg (terminal) today. These include ETHW from Bitwise, CETH from 21Shares, and FETH from Fidelity. Other funds will likely be added tomorrow and Monday. Trading is still on schedule to begin next week.
Five Spot Ethereum ETFs to List on Cboe Exchange on July 23
Cboe announced that five spot Ethereum ETFs will be listed on the exchange on July 23, including the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.
Other Projects
Grayscale Launches New Decentralized AI Fund
Crypto asset management company Grayscale is launching a new fund focused on decentralized AI, Grayscale Decentralized AI Fund LLC, to strengthen investment in AI in the cryptocurrency industry.
The fund will fund three key areas: AI services, solving problems related to the use of centralized AI, and developing AI-related infrastructure. As of today's launch, decentralized AI projects already included in the fund's basket include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Near, Filecoin, and Render are the highest-weighted assets in the fund, respectively.
Fuel: Mainnet is expected to be launched in early Q4
According to official DC news, Fuel plans to launch the mainnet in early Q4. Users can lock assets before the mainnet is launched to receive rewards. User deposit staking points will continue, and there is no upper limit for deposits. Points will not be lost due to participation in other applications, and points are not transferable. The testnet snapshot has been completed. New users participating in the testnet after the snapshot will not receive any incentives. The testnet qualification standards will be announced soon.
Modular L2 Reya Launches Loyalty Points Boost Program
Modular L2 Reya Network announced the launch of a loyalty points boost program. The longer users hold assets, the higher the loyalty XP boost will be. The boost will increase by 1 times per week, up to 15 times. Deposits during the OG season will automatically receive the maximum boost. Reya reminds that if users withdraw assets, their points will be reset.
Telegram launches mini app store and in-app browser supporting Web3 pages
Telegram has become a popular portal for crypto games such as Notcoin, Yescoin and Hamster Kombat. Telegram has announced plans to strengthen blockchain-related initiatives, including the launch of a mini app store and an in-app browser supporting Web3 pages.
Telegram founder Pavel Durov posted in his Telegram channel that in order to keep the heat going, a mini app store and an in-app browser supporting Web3 pages will be launched this month.
Polygon co-founder: The value of RWA on Polygon PoS is second only to the Ethereum mainnet
Polygon co-founder Sandeep posted on social media that it is very encouraging to see so many RWA assets launched naturally on Polygon. In terms of the RWA value created, PolygonPoS is second only to the Ethereum mainnet.
It is worth mentioning that major Italian banks participated in the ECB's 25 million euro digital bond trial on Polygon, and CDP has issued 25 million euros of digital bonds on Polygon, which will mature in four months.
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