Project Weekly | Satoshi Nakamoto's net worth continues to rise, Ethereum's market capitalization surpasses SAP

BTC

Zhu Rongji's son Zhu Yunlai: Unlike Bitcoin, stablecoins need to establish credibility through "naming".

Zhu Yunlai, son of Zhu Rongji, former president and CEO of the China International Capital Corporation and visiting professor of management practice at Tsinghua University, delivered a keynote speech at the fifth "Zhihui China-Europe · Beijing Forum." In the context of the new era, the market's demand for efficient and stable trading mediums is increasingly prominent, and the technological ideas of cryptocurrencies like Bitcoin have also provided inspiration—people are gradually realizing that through a combination token management model, it may be possible to build better payment tools. However, there is still a significant distance between stablecoins and "private currencies" in the current context. A more realistic path may be the issuance by large-scale, highly transparent international institutions, with their operating algorithms needing to be publicly verifiable—this is in stark contrast to the anonymity of Bitcoin. Stablecoins need to establish credibility through "naming," including clear disclosures of clearing mechanisms, collateral asset composition, or specific currency value management methods. Ultimately, the value of stablecoins must be tested by their actual application effects: if they can continuously maintain stability and efficiency, they may gradually become part of the global consensus trading foundation through the market effect of "good money driving out bad money."

The Canadian listed company Universal Digital has acquired 10 Bitcoins for the first time.

According to the official announcement, the Canadian listed company Universal Digital acquired 10 Bitcoins in its first treasury allocation. Previously, the Canadian listed company Universal Digital announced the launch of its Bitcoin reserve strategy, planning to gradually reduce its existing altcoin holdings and convert them into Bitcoin. The company has signed a non-binding cooperation memorandum with GFA, a Tokyo-listed company in Japan, to jointly design Bitcoin reserve solutions for Asian listed companies. According to the agreement, both parties will explore building Bitcoin reserve models for Japanese listed companies, developing warrants and other financing tools for Bitcoin acquisition, and improving the framework for digital asset custody.

Strategy has gained over $28 billion in unrealized profits from Bitcoin investments.

According to Bitcoin Magazine, Strategy has now achieved over $28 billion in unrealized profits from Bitcoin investments.

Bitcoin's market capitalization surpasses Amazon, rising to the fifth position in global asset market value.

According to 8marketcap, Bitcoin's market value has once again surpassed Amazon, reaching 2.36 trillion USD, rising to the fifth position in the global mainstream asset rankings.

Satoshi Nakamoto's net worth continues to rise, with the value of his Bitcoin holdings surpassing $129 billion.

As Bitcoin breaks through $118,000 today, reaching a historic high, according to on-chain data from Akrham, Satoshi Nakamoto holds approximately 1.096 million Bitcoins, worth $12.938 billion.

Ethereum

Ethereum's market value surpasses SAP, rising to the 35th position in global asset market capitalization.

According to 8marketcap data, the market value of Ethereum has risen to $361.68 billion, surpassing SAP, and its global asset market value ranking has risen to 35th place.

The Ethereum Foundation clarifies: the address that sold 1210 ETH this morning does not belong to the Foundation, but to Argot Collective.

Hsiao-Wei Wang, Executive Director of the Ethereum Foundation (EF), stated in a post on X that the address that sold 1210 ETH this morning does not belong to the EF, but rather to Argot Collective, a non-profit development organization that was previously spun off from the EF.

The Ethereum Foundation has transferred 21,000 ETH to associated addresses internally in the past two months.

According to PeckShield monitoring, in the past two months, the Ethereum Foundation has internally transferred 21,000 ETH to its associated Gnosis Safe Proxy address 0xc061...0B6d. Subsequently, this address transferred 7,000 ETH to the address 0x247B...583c, and in the past 7 hours, 1,210 ETH of that was exchanged for 3.5 million USDC.

The Ethereum Foundation has once again internally transferred 1000 ETH to an associated address.

According to PeckShield monitoring, the Ethereum Foundation address has again internally transferred 1,000 ETH (approximately $2.55 million) to the associated address 0xc061...0B6d. This address currently holds 14,000 ETH, worth approximately $39 million.

The US-listed company BTCS has raised its fundraising target to $225 million to increase its holdings in Ethereum.

BTCS Inc., a company focused on blockchain technology (NASDAQ: BTCS), announced today that it has raised its fundraising target to $225 million to accelerate the company's accumulation strategy on Ethereum.

An address associated with the Ethereum Foundation sold 2,416 ETH in the past 24 hours.

According to Onchain Lens monitoring, an address associated with a certain Ethereum foundation converted 1,206.7 ETH into 3.61 million USDC. In the past 24 hours, this address sold 2,416.7 ETH at an average price of $2,941, totaling a value of $7.106 million.

The NASDAQ-listed company BTC Digital plans to establish a $1 million Ethereum reserve.

BTC Digital (BTCT) announced the establishment of a $1 million Ethereum reserve. The company stated that this marks the first step in its transition from a pure hash power provider to a participant in on-chain financial infrastructure, and it will continue to increase its ETH holdings based on market conditions and network upgrades.

Other projects

Musk: Grok will launch some cooler features this weekend.

Musk: This weekend, Grok will launch some cooler features.

Robinhood officially launched ETH and SOL staking services for US users.

Robinhood(HOOD.O) officially launches Ethereum (ETH) and Solana (SOL) staking services for US users.

Rumble has partnered with MoonPay and will launch a cryptocurrency wallet in Q3.

Video sharing platform Rumble (NASDAQ: RUM) today announced a partnership with cryptocurrency payment infrastructure company MoonPay to jointly promote a transformation in creators' profit models in a decentralized world. According to the agreement, MoonPay will provide full cryptocurrency deposit and withdrawal channel support for the Rumble Wallet, which is scheduled to launch in the third quarter of 2025, allowing users to seamlessly buy, sell, and exchange cryptocurrencies. At the same time, MoonPay's creative agency Otherlife will begin using Rumble Cloud for next-generation object storage and decentralized computing.

Trump's social platform Truth Social launches a utility token

The social media platform Truth Social, founded by former US President Trump, announced that it will launch a utility token as part of its new loyalty rewards program, which is associated with its "Patriot Package" subscription service. According to the announcement, "Patriot Package" subscribers will accumulate "gems" in their Truth Social accounts based on their level of interaction on the platform, which will ultimately be linked to the utility token on Truth Social and Truth+ platforms. The subscription service is currently in a public testing phase, with a monthly fee of $9.99, providing 12 "premium, non-woke news channels," expanded video on demand content, and platform verification badges, among other services.

Stablecoin startup Agora has completed a $50 million Series A funding round, led by Paradigm.

Stablecoin startup Agora announced the completion of a $50 million Series A funding round, led by Paradigm. The company raised $12 million in seed funding last year, and after this round of financing, Agora aims to create its own stablecoin AUSD, a cryptocurrency pegged to assets such as the US dollar.