Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. The content covers key news of the week, mining information, project trends, technology progress and other industry trends. This article is one of the weekly news articles, giving you an overview of the major events in the blockchain industry this week.

▌Trump nominees received violent threats, and the FBI launched an investigation

The FBI said it had noticed a number of threats against Trump transition team nominees bomb threats and harassment and are investigating the incidents in collaboration with law enforcement partners. The FBI says it takes all potential threats seriously and encourages the public to immediately report any incidents they believe are suspicious to law enforcement. Earlier, U.S. President-elect Trump’s transition team announced that on the evening of the 26th and the morning of the 27th, several of Trump’s cabinet nominees received violent threats from “non-Americans.”

▌Wall Street is preparing to launch a new generation of cryptocurrency-related ETFs

With cryptocurrency-friendly Trump returning to the White House, Wall Street is preparing to launch a new generation of cryptocurrency-related ETFs in this $3.2 trillion industry. Prepare to launch a new generation of risk-based products to fully satisfy the tastes of various investors, from institutional novices to die-hard retail investors. Executives and lawyers involved in ETFs say they describe products ranging from defensive-focused ETFs for professional fund managers curious about cryptocurrencies to full-scale speculative bets for self-described degenerate gamblers. Industry investors and lawyers say riskier cryptocurrency ETFs may focus on various digital tokens, sometimes using leverage, options or quantitative strategies.

▌Putin: Trump is "smart and experienced" and worried that he is not safe at the moment

According to CNN, on Thursday, Russian President Vladimir Putin praised US President-elect Trump as a A "smart and experienced" home who can find "solutions". Putin also accused Biden of creating "additional difficulties" for the incoming Trump administration by allowing Ukraine to launch US-made ATACMS long-range missiles at targets in Russia. When asked whether Biden's decision would affect future relations between Russia and the United States, Putin said that the situation may improve after Trump takes office in January next year. Putin also said Trump had overcome the "serious test" of returning to the White House, referring to two assassination attempts on Trump during the campaign. Putin said "absolutely uncivilized means of struggle were used against Trump" more than once, adding that he feared Trump was not safe at the moment. When talking about the Russia-Ukraine conflict, Putin threatened to launch more new Russian medium-range ballistic missiles. He warned: "We will use the means at our disposal." "We do not rule out attacks on the Ukrainian army, military industrial facilities, or military facilities, including those in Kiev." The decision-making center in the country uses "Hazel" missiles as the Kiev authorities continue to try to attack our important facilities today."

▌Trump considers letting the CFTC take the lead in digital asset regulation

According to FOX Business, incoming Trump hopes to expand businessThe Commodity Futures Trading Commission (CFTC) has the power to grant it a large part of the regulatory power over the digital asset market.

With Trump taking office and the crypto industry’s growing influence among Republicans, the CFTC’s responsibilities may soon expand to regulate deemed Crypto spot markets for commodities such as Bitcoin and Ethereum and exchanges that facilitate their trading. Central figures in Trump's team believe looser regulations are needed to spur innovation in crypto businesses, including potentially transformative blockchain technology that can eliminate costly middlemen from business transactions.

Former CFTC Chairman Chris Giancarlo told FOX Business: "With adequate funding and the right leadership, I think the CFTC can start regulating digital commodities on day one of Trump's presidency."< /p>

▌Coin Center Research Director: Investor protection and regulatory transparency may promote the development of the cryptocurrency industry

Coin Center Research Director Peter Van Valkenburgh expects centralized markets and stablecoin issuers to A clearer regulatory framework may emerge. This optimism stems from new innovations that may focus on promoting traditional financial applications of cryptocurrencies.

At the same time, streamlined investor protection and regulatory transparency may boost the growth of the cryptocurrency industry. However, he stressed the need for vigilance to ensure that these measures do not inadvertently stifle the rights of developers and users in decentralized systems.

▌French users are banned from the Polymarket prediction market

Polymarket has blocked French users and warned not to try to bypass the block. According to a social media post, Polymarket has now added French users to its restricted user list. Just weeks after the country’s gambling regulator allegedly said it would ban prediction markets, news has emerged that users in France are now unable to access Polymarket. However, some French Polymarket users on social media platform X say they are still accessing prediction markets through virtual private network (VPN) applications.

▌Wall Street’s “top cop” announced his resignation to make way for Trump’s supervision

U.S. Manhattan Attorney Damian Williams announced that he plans to resign on December 13 and will be replaced by his deputy Edward Kim is temporarily acting in other capacities. After Trump was elected President of the United States on November 5, he announced that he would nominate former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton to manage the Manhattan Prosecutor's Office. The Southern District of New York, known as a sovereign district because of its independent status, has handled many high-profile financial fraud cases. During Williams’ tenure, he completed the investigation of SBF, the founder of the original cryptocurrency exchange FTX, and his family management.Bill Hwang, founder of financial firm Archegos.

▌The U.S. Special Prosecutor drops the election subversion case against Trump

According to CNN, U.S. Special Prosecutor Jack Smith said on Monday that he will drop the case against President-elect Trump. Trump's election subversion case and sought to have the case thrown out in a court filing with a judge. Trump has said he would fire Smith once he takes office, breaking with previous practice regarding special counsel investigations. "The Department of Justice's position is that the Constitution requires that this case be dismissed before the defendant is sworn in," Smith, who has spent the past two years criminally pursuing Trump, wrote in a six-page filing. , charged with trying to subvert the 2020 presidential election and his mishandling of classified documents, is a very unique chapter in American history: Never before has a former White House occupant faced federal criminal charges.

▌Brazilian congressman formally proposed the establishment of a strategic Bitcoin reserve

A Brazilian congressman formally proposed the establishment of a strategic Bitcoin reserve - a Bitcoin sovereign strategic reserve. The plan, the Reserva Estratégica Soberana de Bitcoins (RESBit), aims to diversify the Treasury. According to Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted the proposal on Monday.

▌The New York Stock Exchange submitted 19b-4 and S-1 documents to the SEC for the Bitwise BTC&ETH ETF

According to Nate Geraci, president of The ETF Store, disclosed on the X platform, the New York Stock Exchange The U.S. SEC submitted 19b-4 and S-1 documents to list Bitwise Bitcoin & Ether ETF. The product will hold both spot BTC and ETH, weighted by market cap.

Bitwise co-founder Matt Hougan said: "Bitcoin and Ethereum are like gold and technology stocks, not competitors." He believes that this ETF will be widely welcomed by investors.

▌The nomination of Trump’s new ministers has been completed, and more than 5 of them are “coin speculators”

On November 23, local time, US President-elect Trump announced the nomination of Brooke · Rawlings serves as Agriculture Minister. At this point, all candidates for Trump's new cabinet ministers have been confirmed. In addition, Trump has also nominated a number of high-level officials in the past few weeks. Judging from the new list, in addition to names well-known in the encryption market such as Musk and Howard Lutnick, many cabinet officials are firm supporters of cryptocurrency and have disclosed cryptocurrency holdings, including the nominated Vice President, Secretary of the Treasury, Secretary of Commerce, Health and Human ServicesMinister, Director of Intelligence, etc.

▌Cryptocurrency supporter Paul Atkins has become a popular candidate for SEC chairman

According to people familiar with the matter, U.S. President-elect Trump’s transition team has reached out to senior financial regulators and conservative financial regulators. Paul Atkins, a man behind the scenes in the industry, was interviewed as a candidate for chairman of the Securities and Exchange Commission (SEC). Atkins is the top contender to replace the outgoing Gensler, people familiar with the matter said. Trump is expected to make his choice in the coming days and no decision has been made yet, they said. Atkins served as an SEC commissioner under George W. Bush and later founded Patomak Global Partners, a firm that advises major financial industry clients. He is a strong supporter of digital assets and fintech companies. He has also testified before Congress on how to restructure the agency's operations and reduce regulations that some in the industry view as duplicative or overly burdensome.

▌The Canton of Bern, Switzerland, approves research on the use of excess energy in Bitcoin mining

The Parliament of the Canton of Bern, Switzerland, passed a proposal to study Bitcoin mining as a way to use excess energy. Energy and ways to stabilize the grid. Council will conduct a feasibility study to assess energy availability, environmental impacts and regulatory issues. Supporters say Bitcoin mining can attract investment, create jobs and promote renewable energy development.

▌The British Times discusses whether pension funds should invest in Bitcoin

According to Bitcoin News, a British plan will Allocate 3% of pension funds to Bitcoin, but many people say that Bitcoin is too volatile and is not suitable as a pension fund. However, there are also many people who believe that Bitcoin is "digital gold" and worthy of investment.

For the above reasons, the Times published an article discussing whether pension funds should invest in Bitcoin.

▌Ripple and Archax launch the first tokenized money market fund on XRP Ledger

Ripple announced the launch of the first tokenized money market fund on XRP Ledger. As a start, Ripple’s XRP Ledge will tokenize asset management firm abrdn’s $4.77 billion liquidity fund.

Ripple has formed a partnership with Archax, the UK’s first cryptocurrency exchange, broker and custodian regulated by the Financial Conduct Authority, giving Archax access to abrdn’s money market funds.

Ripple said in a statement on November 25 that the tokenization of abrdn’s $4.77 billion money market fund on XRPL demonstrates that RWA is being transferred on-chain to achieve operational success.Cost savings and settlement efficiency improved.

▌Avalanche launches Avalanche9000 upgrade on testnet and launches $40 million funding plan

The team behind the layer 1 blockchain network Avalanche launched its major upgrade on testnet on Monday , this upgrade, named "Avalanche9000", includes a number of technical improvements and aims to reduce blockchain deployment costs by 99.9%. These improvements include community proposals ACP-77, which makes Avalanche Tier 1 validators more flexible, and ACP-125, which aims to reduce Avalanche’s base fee by 96%.

Accompanying this upgrade is Retro9000, a $40 million funding program to reward the development of layer 1 blockchain and other tools on the Avalanche9000 testnet, according to the press release. builder.

▌Kraken will close its NFT market on February 27, 2025

Crypto exchange Kraken announced that it will close its NFT market on February 27, 2025, November 2024 After the 27th, users will no longer be able to list, bid, or sell items on Kraken’s NFT marketplace; they can only withdraw assets.

Kraken said: “We have decided to close our NFT marketplace in order to shift more resources to new products and services, including unannounced programs under development. Customers have been informed of these changes and our The team will support them in bringing their NFTs are transferred to their Kraken wallet or the self-hosted wallet of their choice. ”

Previously, Kraken first revealed in December 2021 that it would launch its own NFT market and launch a beta version in November 2022. .

▌The European Parliament approved a new list of commissioners, including those who may oversee cryptocurrency rules

The European Parliament approved a list of commissioners on Wednesday, including those responsible for overseeing digital asset regulation. Commissioners Stephane Sejourne, Maria Luis Albuquerque and Henna Virkkunen may include cryptocurrencies in their remit.

In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. Although cryptocurrencies are not a core subject in these positions, the committee will be responsible for ensuring the implementation of digital asset rules. Additionally, the EU’s crypto-asset market legislation, MiCA, will come into full effect at the end of December, so more work may need to be done to ensure implementation.

▌SingularityNET and Mina have reached a cooperation to promote private decentralized AI

The decentralized AI platform SingularityNET and the Mina Foundation announced their cooperation to use zero-knowledge proof (ZK) technology to promote the development of privacy-preserving decentralized general artificial intelligence (AGI). The two parties plan to develop secure AGI applications, such as decision-making AI agents and knowledge sharing ecosystems, to ensure that user data is not exposed during verification.

By combining SingularityNET’s AI technology and Mina Protocol’s ZK-SNARK technology, this cooperation will take into account privacy and innovation, while providing support for the development of decentralized applications such as personalized governance tools, helping to build secure AI ecology.

▌Bitcoin ETF sets new record in Brazil

As Bitcoin price approaches $100,000, the Brazilian Stock Exchange weighs in on Bitcoin exchange-traded funds (ETFs) Demand and price for the stock skyrocketed. Hashdex, the first cryptocurrency ETF launched on B3, hit an all-time high with a net asset value of nearly $689 million. BITH11, an ETF offered by Hashdex that provides 100% exposure to Bitcoin, hit an all-time high with a net asset value of nearly $259 million. Every cryptocurrency ETF that includes Bitcoin hit all-time highs. Only seven ETFs failed to do this, instead focusing on ETH and other areas of cryptocurrency such as decentralized finance, non-fungible tokens (NFTs) and Web3.

▌Analyst: Long-term BTC holders show signs of becoming increasingly greedy

According to crypto analyst Ali (@ali_charts) posted on the X platform, long-term BTC holders Showing signs of increasing greed, this behavior historically suggests it could take 8-11 months for BTC to reach a market top. If the trend continues, a potential peak could be seen between June and September 2025.

▌Online video platform Rumble will purchase $20 million in Bitcoin

Online video platform Rumble adopts a Bitcoin financial strategy and will purchase up to $20 million in Bitcoin.

▌BlackRock and Fidelity Spot Bitcoin ETF’s trading volume reached US$4.37 billion on November 25

BlackRock and Fidelity’s Spot Bitcoin ETF on November 25 The total transaction volume reached US$4.37 billion.

▌Wintermute analysts: Funds are moving from BTC to ETH, and derivatives market activity surges

Wintermute analysts say that funds are moving from BTC to ETH, and derivatives market activity surges . Ethereum’s open interest surged over the weekend, while implied volatility also rose and demand for call options increased significantly, signaling growing confidence among derivatives traders.

Analysts said that the move from Bitcoin to Ethereum is characterized by theImplied volatility rose sharply, with the bearish-call skew reaching its highest level in 12 months, indicating a strong investor appetite for upside risk. According to analysts at Wintermute, traders are actively pushing the market higher through upside buying. "Funds have been flowing into ether over the past few trading days as open interest on exchanges pushed to all-time highs over the weekend," Wintermute analysts noted in their weekly cryptocurrency market update.

▌Standard Chartered Bank Analyst: BTC’s short-term bottom is between US$85,000 and US$88,700

Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank Attribute the recent market turmoil, including a drop in Bitcoin and a rise in long-dated U.S. Treasuries, to a decline in the U.S. Treasury term premium. The term premium is the additional return required by investors to hold a long-term bond rather than roll over a short-term bond. Since Bitcoin is often seen as a hedge against instability in traditional financial markets, increased confidence in U.S. Treasuries could undermine Bitcoin's appeal in the short term, causing its price to fall.

Kendrick said: “MicroStrategy buying shows no signs of slowing down, and they are unlikely to sell, but since the election, the average purchase price of ETF and MSTR has been $88,700, which may become a short-term bottom, and Bitcoin Coin may trade between $85,000 and $88,700 The dollar consolidated within a range before resuming its upward trajectory.”

▌Nasdaq ISE excludes Bitcoin trust product FLEX options trading

Nasdaq ISE LLC submits rule change proposal. , excluding Bitcoin-related trust products such as Fidelity Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF and Grayscale Bitcoin Trust from FLEX options trading. The proposal, which has been approved by the U.S. Securities and Exchange Commission (SEC) and is effective immediately, is designed to ensure that options position and exercise limits are consistent with existing rules. The SEC is also soliciting public comments on this proposal, and comments can be submitted in a variety of ways.

▌Cipher Mining announced the acquisition of a new mine in Texas and signed a 100-megawatt facility expansion agreement

Cipher Mining Inc. (NASDAQ: CIFR) announced that it has completed a The deal to acquire a new power plant called Stingray in West Texas for $4.1 million in cash and a variable fee of $1.50/MWh for the first five years after the plant is powered on. The 250-acre site has approvals in place and an agreement for facility expansion of up to 100 MW has been signed.

Cipher CEO Tyle“With the addition of this site, we now have a data center scheduled to come online in 2026 that will complement our other new data centers scheduled to come online in 2025 and 2027,” r Page said. With the addition of the sites, Cipher's active portfolio and development pipeline will total 2.6 GW across 11 sites.

▌Fed Kashkari: It is a reasonable consideration to cut interest rates in December

Federal Reserve Kashkari said that it is a reasonable consideration to cut interest rates in December. The neutral rate may be higher and the restrictions less stringent. Geographical risks are the primary consideration for the economic outlook. It declined to comment on the Treasury Department nominee. Need to put the United States on a sustainable fiscal path.

▌Fed’s mouthpiece: The minutes of the Federal Reserve meeting suggest that if inflation stagnates, interest rate cuts will become cautious

“Fed’s mouthpiece” Nick Timiraos wrote that Fed members earlier this month The meeting discussed the possibility of slowing or pausing interest rate cuts if progress in lowering inflation stalls. Officials believed that "gradual movement toward more neutral interest rate settings may be appropriate" if the economy performs in line with their expectations that inflation will continue to decline steadily, according to minutes of the Fed meeting released on Tuesday. Minutes of the meeting showed that all 19 officials participating in the discussion agreed to cut the Fed's benchmark short-term interest rate by 25 percentage points. Some policymakers believe the risk of a more pronounced slowdown in the job market or economy has receded since the September meeting. Many of them also said there was greater uncertainty about where interest rates should be set in an economy that needs neither stimulus nor monetary constraints. The minutes said these considerations "made it appropriate to gradually reduce the constraints".

▌The Federal Reserve is considering lowering the reverse repurchase rate by 5 basis points as a technical adjustment

The minutes of the Federal Reserve meeting showed that the Federal Reserve is considering lowering the reverse repurchase rate by 5 basis points as a technical adjustment. Some participants said it might be appropriate to consider resetting the overnight reverse repurchase rate to the bottom of the federal funds rate target range in the future.

▌Bernstein: MicroStrategy stock price may rise another 49%

Bernstein said that MicroStrategy’s “unprecedented” move to purchase Bitcoin may push the price of its stock MSTR to rise again. 49%.

▌Report: North Korean hackers expanded the scope of attacks, targeting the IT and encryption industries

According to TechCrunch, the North Korean hacker group "Lazarus Group" expanded social engineering attacks to multinational IT companies, stealing Cryptocurrency. The research found that the "Sapphire Sleet" and "Ruby Sleet" groups spread malware through fake recruitment and infiltration to steal secrets respectively. North Korean IT personnel also use false identities and technical means to infiltrate.