Golden Weekly is a weekly summary column of the blockchain industry launched by Golden Finance. The content covers key news, market and contract data, mining information, project updates, technological progress, and other industry dynamics of the past week. This article is a project weekly that brings you an overview of mainstream projects and the progress of star projects this week.
Bitcoin
New Chairman of the U.S. House Financial Services Committee: Will Consider the Value of Bitcoin Reserves to the United States
According to Walter Bloomberg, French Hill, the incoming Chairman of the U.S. House Financial Services Committee, stated that “the value of Bitcoin reserves to the United States or the Treasury Department must be seriously considered.”
Slow Mist Cosine: Quantum computing is far from breaking Bitcoin private keys, so there is currently no need to worry about the security of Satoshi Nakamoto’s private key
With regard to recent market concerns about quantum computing chips Willow and the freezing of Satoshi Nakamoto’s private key, SlowMist founder Yu Xian cited cryptographer Jeffrey Scholz’s tweet, saying, “There are currently tens of thousands of quantum gates away from being able to crack Bitcoin private keys, with millions of gates left to go. It’s not easy to add these quantum gates, and noise and error rates will also increase. In the end, you will quickly end up with a useless machine in the real world… Let’s worry about Satoshi Nakamoto’s private key again in a few decades.”
Argentine President Millet plans to implement a plan for free currency circulation next year, which may include Bitcoin
Argentine President Javier Milley announced his government’s plan for the second year of its administration. Milley discussed key issues, including tax reduction, a 90% reduction in national taxes to lighten the burden on Argentinians, and allowing each province to formulate its own taxes. In addition, Milley also announced a plan to implement free currency circulation in 2025, which will allow Argentinians to conduct business in their chosen currency, including Bitcoin.
BlackRock: Bitcoin allocation limit can reach 2%
BlackRock said that allocating up to 2% of the portfolio to Bitcoin is a reasonable range.
10x Research: Bitcoin prices are driven by demand, and this progress highlights the increasing integration of Bitcoin with traditional financial markets.
10x Research article states that contrary to popular belief, the price of Bitcoin is driven by demand rather than changes in its (mining) supply. In the five bull markets of Bitcoin, investors have continuously innovated ways to acquire Bitcoin, from early spot trading to using tools such as futures, unsecured loans, spot Bitcoin ETFs, and now ETF options.
This development highlights the increasing integration of Bitcoin with traditional financial markets, accelerated by regulatory approvals from institutions such as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States. Over time, these institutions have legalized Bitcoin-related financial products.
Ethereum
BlackRock’s Ethereum ETF holdings surpass $3.5 billion
BlackRock official updates Ethereum ETF holding data. As of December 11, the iShares Ethereum Trust ETF’s Ethereum holdings reached 929,056.1186 ETH, with a holding market value exceeding $3.5 billion, approximately $3,553,946,242.34.
VanEck released 2025 cryptocurrency ETF forecast: SOL ETF approved, Ethereum ETF allows staking
VanEck released three predictions for the 2025 crypto ETF on the X platform:
- Multiple new spot cryptocurrency ETFs will be approved (i.e. Solana ETF, etc.)；
- The spot Ethereum ETF will include collateral.
- Spot BTC and ETH ETF both allow for physical creation/redemption.
BlackRock’s Ethereum ETF holdings exceed 980,000 ETH
BlackRock’s official updated data shows that as of December 12th, the iShares Ethereum Trust ETF, a Ethereum exchange-traded fund under its umbrella, held 981,155.3661 ETH with a market value of $3,809,904,779.02.
CryptoQuant: Ethereum may break through $5,000 due to institutional demand
According to a new report by CryptoQuant, Ethereum may soon break through $5,000, as institutional demand increases, marking a new all-time high for the second-largest cryptocurrency by market capitalization. Moreover, on-chain activity is also active. The company stated in a report on Thursday that record-breaking funds have flowed into new Ethereum ETFs.
Last week, global investors injected $1.2 billion of new funds into Ethereum funds, setting a record since the spot ETH fund began trading in the United States a few months ago.
The Ethereum Foundation sells 100 ETH for 374,300 DAI
According to on-chain analyst Yu Jin, the address 0xd77…1f4 used by the Ethereum Foundation for small, frequent sales of ETH sold 100 ETH for $3,743 5 minutes ago, in exchange for 374,300 DAI. It has been 27 days since the last ETH sale, and this transaction took place almost a month later.
Other Projects
Bitcoin ecosystem wallet X verse will integrate Stacks’ sBTC
According to TheBlock, the Bitcoin ecological wallet X verse will integrate Stacks’ sBTC, which will support users in directly cross-linking BTC to sBTC within the wallet. Previous news, Stacks stated that sBTC will be launched on December 17th.
The Trump Crypto Project WLFI Proposes to Deploy an Aave v3 Instance for the WLFI Protocol
According to the governance page, the Trump cryptocurrency project WLFI has voted to pass its first community proposal, which aims to deploy an Aave v3 instance for the WLFI protocol. The instance will be managed by an external risk manager and built on the existing Aave v3 infrastructure, ultimately launching on the Ethereum mainnet.
Elon Musk’s AI model Grok has a new ‘Meme Generation’ feature in its image generation images
On December 10th, it was announced that Musk’s AI company xAI’s AI model Grok is using a new self-regressive image generation model, codenamed Aurora, to update Grok’s functionality, which can be used on the X platform. In addition to entity generation and artistic writing, Grok’s new image generation capabilities also include ‘Meme generation’.
Aligned announces the token ALIGN economic model: 44% allocated to the ecosystem and community
On December 11, EigenLayer-based ZK verification layer Aligned Layer announced that its first product, Proof Verification Layer, has entered the mainnet Beta phase and released the $ALIGN token plan. In addition, Aligned also released detailed information about the $ALIGN token, with a total supply of 10 billion tokens and an initial circulation of 30%. The token will be used to pay for verification fees (on-demand payment or subscription model) and for double staking to ensure network security. The token distribution is 44% for the community and ecosystem, 10% for the foundation, 23.5% for the team, and 22.5% for investors.
The Aligned team stated that they will launch more products in the future, including Proof Aggregation Layer and zk-powered bridging services, and have collaborated with more than 30 projects to promote the application and development of zk technology.
Circle establishes entity in Abu Dhabi Global Market and partners with LuLuFin
Digital financial technology company Circle Internet Group, Inc. announced the establishment of an entity in the Abu Dhabi Global Market, marking an important milestone in its strategic expansion into the Middle East and Africa. Circle has also partnered with LuLu Financial Holdings (LuLuFin) and its subsidiaries to facilitate the use of Circle’s fully reserved digital US dollar USDC for remittances and cross-border payments.
Musk criticizes the US government’s IT lag leading to tax issues, analysis suggests blockchain as a solution
Elon Musk recently criticized the US government for using outdated computers and software, which has led to the tax authority (IRS) being unable to conduct basic audits and even ‘hard to track the whereabouts of tax payments’. Some analysts pointed out that blockchain technology may be one of the solutions to this problem.
