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.

▌CZ: Currently focusing on investments in the three fields of Web3 blockchain, AI and biotechnology

In a small-scale conversation he recently participated in, CZ said that he is currently focusing on two things, one is the Web3 education platform Giggle Academy, and the other is investment. In the investment field, he mainly focuses on three sub-categories. The fields are Web3 blockchain, AI and biotech.

▌Ubisoft acquisition negotiations are still continuing, and Tencent is said to be hesitant to increase its stake in the company

According to Reuters, Ubisoft acquisition negotiations are continuing, and Ubisoft's owners, the Guillemot family, are continuing to discuss acquiring the company with Tencent and other investors. Tencent is still hesitant to increase its stake in the company, but its negotiations are designed to prevent "any potential hostile takeover of Ubisoft by other investors." It was previously reported that Ubisoft intends to be acquired by Tencent and then privatized. Tencent is Ubisoft's second largest shareholder with a 10% shareholding ratio. Tencent currently declined a request for comment on the matter. It is reported that Ubisoft has entered the field of blockchain games. Its first Web3 game "Champions Tactics: Grimoria Chronicles" has been launched. It has also discussed cooperation with the Arbitrum Foundation and Sequence to build Web3 games, and participated in the investment in the blockchain game studio Cometh.

▌BlackRock IBIT, Microstrategy, and Fidelity FBTC currently rank among the top three Bitcoin holdings

According to HODL15Capital monitoring, as of December 7, the top 15 entities with current Bitcoin holdings include IBIT, Grayscale GBTC and BTC, MSTR, FBTC, ARKB, BITB, MARA, HODL, Tesla, Coinbase, HUT, BRRR, SQ, Tether, CLSK, etc. The top three are: BlackRock IBIT: holds 523,735 BTC; Microstrategy (MSTR): holds 402,100 BTC; Fidelity FBTC: holds 212,385 BTC.

▌Analyst: Bitcoin may soar to $120,000 in Q1 next year

Finance Nigel Green of deVere Group, a consulting firm, predicts that Bitcoin may see a short-term sell-off after breaking through the psychological barrier. “With such a huge rise in such a short period of time, it’s only natural for some investors to lock in profits. This sell-off may only be temporary, after which Bitcoin will gain further momentum and surge to $120,000 as early as the first quarter of next year.” “Bitcoin’s extraordinary performance comes amid expectations that Trump 2.0 will create a more favorable regulatory framework for cryptocurrencies. Investors are betting on the US president-elect’s pro-crypto stance.”

▌Trump’s encryption chief David Sacks is a Solana supporter and an investor in Multicoin Capital

On December 6, according to Cointelegraph, Trump’s newly appointed encryption head David Sacks is A staunch supporter of Solana and an investor in crypto investment company Multicoin Capital. In October 2021, David Sacks publicly disclosed on episode 50 of the "All-In" podcast that he purchased a large amount of Solana (SOL) at a discount. And said he did not sell SOL after the FTX crash. And mentioned that Solana has the potential to replace Ethereum and become the blockchain platform of choice. Previously, Trump appointed David Sacks as head of encryption. The VC founded by David Sacks has invested in crypto projects such as dYdX and Lightning Labs.

▌Coinbase Chief Officer: Trump will select someone with the same vision to serve as SEC Chairman

Coinbase Chief Officer Faryar Shirzad said that although he could not predict Trump’s SEC Who the chairman will be, but President-elect Trump is “very good at picking people who share his vision, and he has a very comprehensive platform in cryptocurrency,” he added: “I think as long as he chooses A person who can drive change and who shares his visionof people, which is good for America, society, and people who own cryptocurrencies. "(CNBC)

▌"Wall Street Journal": Once Trump returns to the White House, the U.S. SEC may relax legal proceedings against crypto exchanges

Bitcoin.com News stated on the X platform that an article in the Wall Street Journal stated that the SEC may relax once Donald Trump returns to the White House Legal action against cryptocurrency exchanges

▌People's Court News: Theft of virtual currency constitutes the crime of theft and the crime of illegally obtaining computer system data

The People's Court newspaper published an article "Criminal Legal Characteristics of Illegal Stealing of Virtual Currency", which pointed out that theft of virtual currency constitutes the crime of theft. As economic property, it must have value, including utility, scarcity and disposability. .Scarcity is reflected in the fact that the total amount of virtual currency is constant and cannot be infinite. Supply. The availability is reflected in the fact that the virtual currency uses asymmetric encryption technology, which is stored in the "wallet" (i.e., the address). The virtual currency can be controlled after obtaining the address and private key. The utility is reflected in the virtual currency being a specific data encoding. It must be generated through "mining", and "mining" condenses social abstract labor. The article also pointed out that the act of stealing virtual currency constitutes the crime of illegally obtaining computer system data. Virtual currency is of data nature, and the act of illegally stealing virtual currency constitutes the crime of illegally obtaining computer system data. For the determination of the amount of stolen virtual currency, the amount of virtual currency involved will be calculated. It is more reasonable to purchase virtual currency for the defendant when committing the crime rather than for the victim

▌The British FCA issued a warning to Pump.fun, saying that it provides financial services without a license. or product

According to the official website, the British Financial Conduct Authority (FCA) issued a warning to Pump.fun, saying, “The company may provide or promote financial services or products without our permission. You should avoid dealing with this company and be wary of scams. "Previous news, Pump.fun banned British users from using the platform due to local laws and regulations.

▌Trump: David Sacks will work to establish Crypto legal framework to ensure the crypto industry thrives in the United States

Trump stated in his appointment letter of David Sacks that Sacks will be committed to establishingA legal framework that gives the cryptocurrency industry the clarity it has been asking for and allows it to thrive in the United States. The analysis pointed out that David Sacks is expected to help take the lead in realizing the deregulation of the cryptocurrency industry that Trump promised during the campaign. The position is expected to provide cryptocurrency advocates with a direct line to the White House and serve as a liaison between Trump, Congress and federal agencies related to digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. On artificial intelligence, David Sacks will help Trump put his own stamp on an emerging technology whose use has exploded in recent years. David Sacks will be at the forefront of determining how the federal government adopts artificial intelligence and regulates its use, as advances in artificial intelligence technology and consumer adoption bring both broad benefits and challenges related to security, privacy, employment and other issues. field risks.

▌Ripple CTO: Still hopes to launch stable currency RLUSD before the end of the year

Ripple Chief Technology Officer David Schwartz said that he still hopes to launch his stablecoin RLUSD before the end of the year. But the upcoming holidays may cause the launch to be delayed.

▌Cadenza, an investment institution focusing on blockchain and AI, completed its early stage AI venture capital fund raising US$50 million

Cadenza, a venture capital firm focusing on blockchain and artificial intelligence, announced that its early-stage AI venture capital fund has completed US$50 million in fundraising. The new fund will focus on pre-seed and seed-stage investments, focusing on Infrastructure and enterprise applications. Cadenza's current investment portfolio in the Web3 field includes: Web3 infrastructure Validation Cloud, Malaysian digital asset exchange Hata, Web3 API platform Uniblock, L1 blockchain Linera, encryption wallet application Zulu, etc.

▌a16z’s 2025 crypto trends: decentralized chatbots, on-chain bonds

a16z lists key areas for the cryptocurrency industry in the year ahead, highlighting use cases for tokenization and the integration of artificial intelligence with blockchain technology as potential growth drivers. According to a16z report, applications based on artificial intelligence and running on the chain are expected to bring at least three emerging trends across the industry: wallets powered by artificial intelligence agents,Centralized autonomous chatbot and identity proof solution. The company believes that decentralized chatbots can be used for social media content and asset management through a trusted execution environment: “By running a set of permissionless nodes and coordinated by a consensus protocol, chatbots could even become the first truly Autonomous Billion Dollar Entity ” Another trend expected to emerge in 2025 relates to stablecoins. Over the past few months, the industry has established a market suitable for global remittances, with several companies and protocols launching new stablecoins pegged to the U.S. dollar. a16z predicts that starting next year, stablecoins will gradually replace daily credit card transactions. Additionally, as the infrastructure matures, it is expected that more “unconventional assets” will be on-chain by 2025, enabling cross-sector tokenization. The report predicts that previously overlooked assets such as biometric data will generate new revenue streams. “Individuals can tokenize their biometric data; the information can then be leased to companies through smart contracts,” the report states. It also adds that the collection of medical data is already possible through decentralized scientific protocols, allowing users to collect data from previously Profit from untapped resources. On-chain trading of bonds is another prospect for 2025 and beyond. The security-backed token market will begin to boom in 2024, supported by institutional adoption of digital assets. Going forward, a16z expects to explore the benefits of issuing debt on-chain itself.

▌Coinbase integrates Apple Pay into its deposit and withdrawal services

According to developer documentation, US crypto exchange Coinbase is integrating Apple Pay into its fiat-to-crypto currency deposit and withdrawal service. The product, called Coinbase Onramp, offers one-click purchasing and is designed to reduce the red tape that users need to go through when funding their self-hosted wallets. Using cryptocurrencies often involves "a lot of friction, so users give up," Coinbase said in a statement. Onramp, formerly known as Coinbase Pay, is essentially a software development kit (CDK) and a set of APIs that enable programmers to embed fiat-to-crypto conversion functionality into their mobile or web applications and browser extensions.

▌The 201st Ethereum ACDE meeting: EIP-7691 was approved to be included in the Pectra hard fork agenda

Galaxy Vice President of Research Christine Kim summarized and shared the 201st Ethereum Core Developer Executive (ACDE) Conference Call, Ethereum(ETH) is one step closer to setting a final agenda for Pectra (Prague-Electra) since The The most important update of Ethereum since Merge, it is reported that this Ethereum ACD consensus meeting also approved a key EIP-7691 for blobs, which means that the increase in blob throughput will be included in the 2025-2026 Ethereum hard fork Pectra agenda. If all goes well, the number of blobs in an Ethereum block will increase from 6 to 9. In addition, EIP-7639 and EIP-4803 have also been submitted for further discussion, and these two proposals may still be included in the Pectra roadmap. According to developers, the problems previously encountered by the Mekong test network have been resolved, and the testing process will be signed into Devents 5 and 6.

▌Cryptocurrency trading volume exceeded US$10 trillion for the first time in November

11 Monthly cryptocurrency trading volumes climbed to an all-time high, with digital asset trading volumes on centralized spot and derivatives exchanges exceeding $10 trillion for the first time. Total transaction volume doubled last month, according to data compiled by CCData. Cryptocurrency markets surged on optimism that newly elected Trump would provide a friendlier regulatory environment for the industry, with market benchmark Bitcoin jumping 38% to hit a record high of nearly $100,000. "This sentiment is evident in increased demand for assets like XRP, which has historically faced greater regulatory scrutiny," said Jacob Joseph, senior research analyst at CCData. "Institutional optimism is also evident. CME trading volume has increased significantly in the past month, and spot Bitcoin ETFs have also seen large inflows."

▌The ETF Store President: Nine of the top ten ETFs by assets under management are related to cryptocurrencies

Nate, President of The ETF Store Geraci said that 670 ETFs have been launched in 2024, and nine of the top ten ETFs by assets under management are completely dominated by cryptocurrencies (given that GBTC is a product on the list, the top 11 ETFs are included here).

▌PEPE’s market capitalization surpassed Litecoin and rose to the 25th place in the cryptocurrency market capitalization

The market situation shows that as the price of PEPE exceeded US$0.000026 this morning and hit a record high, itsThe market value once rose to the US$11 billion range and is now at US$10.68 billion, surpassing Litecoin and ranking 25th in the cryptocurrency market value rankings.

▌Except Satoshi Nakamoto, the top five Bitcoin holding entities control nearly 10% of the circulating Bitcoin supply

According to timechainindex data, in addition to Satoshi Nakamoto, the top five Bitcoin holding entities currently control 9.9% of the circulating Bitcoin supply: 1. Coinbase is the largest single holder, holding 1,123,520.49 BTC, worth more than 112 billion US dollars; 2. In second place is the cryptocurrency exchange Binance, holding 686,997.40 BTC as of December 7, worth Up to US$68.9 billion; 3. The next one is BlackRock, ranking third with 520,861 BTC, worth approximately US$52.2 billion; 4. Ranked fourth is the listed company Microstrategy, which holds 402,099.99 BTC, worth US$4 billion; 5. Followed by the centralized cryptocurrency exchange Bitfinex, ranking fifth with 350,262.05 BTC, worth approximately US$35.04 billion. . Bitcoin holding entities ranking 6-10 are: Grayscale, Fidelity, United States, "Individual The total circulating supply of Bitcoin.

▌The U.S. spot Bitcoin ETF saw a net inflow of US$2.744 billion this week, setting the second largest weekly inflow record since its launch

According to Spot On According to Chain statistics, this week (December 2 to 6, 2024), the inflows of U.S. spot cryptocurrency ETFs are as follows: $2.744 billion flowed into BTC, and $844.9 million flowed into ETH; these inflows mark the second-largest inflow of the BTC ETF since its launch. Big weekly inflows, also the largest weekly inflows ever for the ETH ETF; BTC and ETH Both ETFs have experienced a full week of inflows; BlackRock IBIT and ETHA added 26,833 BTC ($2.65 billion) and 150,900 ETH ($581 million) this week and currently hold approximately 523,687 BTC ($52.38 billion) and 846,123 ETH ($3.38 billion).

▌Grayscale: U.S. employment data shows a possible interest rate cut in December, cryptocurrency risesThe momentum can continue into the new year

Grayscale Investments research director Zach Pandl said that November's non-farm payrolls data were higher than expected. However, the data also showed a concomitant rise in unemployment, which could force the Federal Reserve to cut interest rates later this month. He said: “Today’s employment report may solidify the case for another rate cut by the Federal Reserve at the upcoming meeting. All other things being equal, lower official interest rates tend to put pressure on the value of the dollar and benefit including Bitcoin. Although BTC fell back from above $100,000 yesterday, Grayscale Research believes that the cryptocurrency’s rally can continue into the new year.”

▌Saxo Bank: Trump’s tariffs may benefit cryptocurrencies, and the market may quadruple to exceed US$10 trillion

Saxo Bank Strategist Cryptocurrency markets and gold could benefit if U.S. President-elect Trump’s proposed trade tariffs prompt others to look for alternatives to the U.S. dollar, John Hardy said. Tariffs would have dire effects on global trade because they would cut off the supply of needed dollars. Gold Bricks may be traded using gold-backed digital currencies, among other methods. Crypto stablecoins tied to gold may also be used. The crypto market could quadruple to over $10 trillion, while the U.S. dollar could lose 20% against major currencies and 30% against gold. (Golden Ten)

▌Fed Goolsbee: Firmly maintains 2% inflation target, and the job market has stabilized

Fed official Goolsby said that the United States is moving towards the 2% inflation target and emphasized that changing this target should not be considered. He believes that the improvement in overall inflation is encouraging, and that recent productivity growth has been concentrated in high-tech fields, showing long-term potential. At the same time, the job market has gradually returned to balance from overheating, with recent job creation remaining strong and the ratio of job vacancies to the unemployment rate showing a sustainable state. Goolsby expects interest rates to fall slightly in the future, but specific decisions will still need to focus on inflation and consumption data.

▌Federal Reserve Hammark: It may be time for the Federal Reserve to slow down the pace of interest rate cuts

Federal Reserve Hammark Mark said on Friday it might be time for the Federal Reserve to slow its pace of interest rate cuts. She believes the Fed's interest rate may not be much higher than neutral. Hammack noted that financial markets expect the Fed to cut interest rates only once over its next two meetings, saying that expectation is consistent with herSame view. Inflation, economic growth and the labor market remain stronger than the Fed expected in September, she said. Hammack's speech was one of the clearest hints from recent Fed officials that the Fed may no longer be very committed to cooling inflation and economic growth.

▌Grayscale: U.S. employment data suggests a possible interest rate cut in December, and cryptocurrency gains could extend into the new year

Grayscale Investments research director Zach Pandl said the November non-farm payrolls data was higher than expected. However, the data also showed a concomitant rise in unemployment, which could force the Federal Reserve to cut interest rates later this month. He said: “Today’s employment report may solidify the case for another rate cut by the Federal Reserve at the upcoming meeting. All other things being equal, lower official interest rates tend to put pressure on the value of the dollar and benefit including Bitcoin. Other currencies including BTC. Although BTC fell back from above $100,000 yesterday, Grayscale Research believes that the cryptocurrency’s rally can continue into the new year.”