Polyhedra Launches Phoenix Revival Plan with Privacy Stablecoin Mainnet
Polyhedra has unveiled its Phoenix Revival Plan, offering exclusive benefits to users who staked ZKJ during the June 15 liquidity attack. Key highlights:
- Future Product Rewards: Including ZKML technology, privacy stablecoins, and a ZK-native Layer 1 blockchain (EXPchain).
- Mainnet Timeline: Privacy stablecoin testnet launches in July, with mainnet expected by September 2025.
- Dark Pool DEX: Slated for Q4 2025, targeting institutional-grade privacy trading.
👉 Explore Polyhedra's ZK innovations
Trump-Linked Bitcoin Mining Project Raises $220M
American Bitcoin, backed by Eric Trump, secured $220M to expand BTC mining operations:
- Funding Use: Purchasing mining hardware and BTC, with partial equity traded in Bitcoin.
- Strategic Move: Parent company Hut 8 plans to merge with Gryphon Digital Mining for a public listing.
- Global Expansion: Targeting Dubai, aligning with Trump family’s push to make the U.S. a "crypto hub."
Fed Rate Cuts Expected Starting September (Goldman Sachs Forecast)
Goldman Sachs predicts three consecutive rate cuts (25bps each) starting in September, citing:
- Inflation Control: Tariff impacts weaker than expected.
- Labor Market Slowdown: Rising unemployment may accelerate easing.
- Terminal Rate Adjustment: Lowered to 3%-3.25%.
Contrasting Views: Morgan Stanley sees a slower pace, projecting just one 2025 cut.
Trump Merchandise Now Accepts $TRUMP Memecoin
Official Trump stores (e.g., GetTrumpSneakers.com) now support $TRUMP payments, expanding crypto utility in political commerce.
Sui Overflow 2025 Hackathon Winners Announced
Sui Foundation awarded 36 projects across DeFi, entertainment, and infrastructure:
- DeFi Champion: Magma Finance (AI-driven yield optimization).
- Privacy Payments: PIVY won the wallet/payment track.
- University Spotlight: Student teams like Sui Battle AR showcased blockchain gaming innovations.
Katana Mainnet Goes Live with $1B KAT Incentives
Polygon and GSR’s Katana Chain launched:
- Early Deposits: Over $240M bridged.
- Yield Farming: Users earn KAT tokens via Yearn V3 vaults.
- Future Governance: vKAT staking unlocks in 2026.
Circle Seeks U.S. Bank Charter for USDC Reserves
Circle applied for a national bank license to custody USDC reserves, positioning it as a regulated stablecoin leader under potential GENIUS Act frameworks.
Market Movers: Bitcoin & Ethereum Trends
- BTC Mining Difficulty: Dropped 7.48% (116.96T) due to U.S. heat-related shutdowns.
- ETH Whale Activity: 95,920 ETH ($237M) unstaked, with $154M sold in 20 days.
- Ethereum Time Capsule: Community project to commemorate 10 years with on-chain messages.
Global Crypto Adoption
- Kazakhstan: Building a national crypto reserve from seized assets and mining proceeds.
- UK’s Cel AI: Raised $13.7M to establish a Bitcoin treasury.
👉 Stay updated on crypto trends
FAQ Section
Q: Why is Polyhedra’s privacy stablecoin significant?
A: It combines zero-knowledge proofs with stablecoins, enabling private transactions—a first for mainstream DeFi.
Q: How does Trump’s $TRUMP coin work?
A: It’s a memecoin used for payments on official merchandise sites, boosting crypto-political synergy.
Q: What’s the impact of Fed rate cuts on crypto?
A: Lower rates typically weaken the dollar, making BTC/ETH more attractive as inflation hedges.
Q: When can users access Katana’s yield farms?
A: Immediate deposits are live, with WBTC/WETH bridging coming soon.