Polyhedra launches Phoenix Revival plan, launching privacy stablecoin project mainnet in September
PANews reported on July 1 that Polyhedra announced the official launch of the Phoenix Revival plan, thanking users who supported its ecosystem during the liquidity attack on June 15. The plan is for users who staked ZKJ on Ethereum or BSC chains at 21:00 on June 15, and provides two exclusive benefits: future product rewards and ecological project airdrop whitelist qualifications. The reward ratio will be calculated based on the user's staked share (SP) at the snapshot time. Polyhedra's future products include ZKML technology, privacy stablecoins, privacy decentralized exchange Dark Pool, and ZK native Layer 1 blockchain EXPchain. Among them: ZKML's zk reasoning demonstration has been completed, supporting 8B parameter models, and Q3 2025 will launch Proof of Humanity based on zkML, and support larger-scale models and multi-GPU reasoning. The privacy stablecoin project testnet is scheduled to go online in July, and the mainnet is expected to be launched in September. Dark Pool will launch the testnet in Q4 2025 and the mainnet in Q1 2026. The EXPchain testnet is now online, and will fully support ZK verification and zkML integration in Q4 2025. Earlier news said that Polyhedra will initiate a buyback to stabilize ZKJ, and the CEO spoke out to deal with financial attacks.
Trump family-related cryptocurrency project American Bitcoin raises $220 million for Bitcoin mining
PANews reported on July 1 that according to Bloomberg, American Bitcoin, a cryptocurrency project related to the Trump family, raised $220 million through the issuance of new shares to purchase Bitcoin and digital asset mining equipment. Part of the equity is traded in Bitcoin instead of US dollars, worth about $10 million. American Bitcoin is supported by Eric Trump, and its major shareholder Hut 8 Corp plans to go public through a merger with Gryphon Digital Mining Inc. The project is one of many efforts to introduce Bitcoin to the public trading market. Hut 8 has previously handed over mining equipment to American Bitcoin in exchange for an 80% stake, and plans to further expand to Dubai. In addition, the Trump family has been actively involved in a number of cryptocurrency-related projects aimed at promoting the United States as a "crypto capital."
PANews July 1 news, Goldman Sachs economic research team latest forecast, the Federal Reserve may start to cut interest rates in September this year ahead of schedule, and cut interest rates by 25 basis points at the September, October and December meetings, lowering the terminal interest rate expectations from 3.5%-3.75% to 3%-3.25%. Goldman Sachs believes that the inflationary impact of tariffs is weaker than expected, the weak labor market and data volatility may contribute to this result. Goldman Sachs analysts pointed out that if the employment data this week performs poorly, the probability of interest rate cuts will increase further, but no action is expected at the July meeting. In contrast, Morgan Stanley analysts believe that the Fed is less likely to cut interest rates in the near future, especially at the July meeting. Morgan Stanley expects the upcoming employment report to remain solid, and although the growth rate will slow down, it will not be enough to prompt the Fed to accelerate its actions. In addition, Chicago Fed President Goolsbee said that the current unemployment rate and inflation level in the United States are far below the stagflation level in the 1970s, and tariffs or supply shocks are unlikely to trigger a similar crisis in the short term. Atlanta Fed President Bostic believes the full impact of Trump's tariffs has yet to be seen and predicts the Fed may only cut interest rates once this year.
Trump Official Merchandise Store Now Accepts $TRUMP Coins for Payment
PANews reported on July 1 that Trump’s official merchandise stores now support payment with $TRUMP coins, including websites such as GetTrumpFragrances.com, GetTrumpSneakers.com and GetTrumpWatches.com.
Sui Foundation Announces Winners of Sui Overflow 2025 Hackathon
PANews reported on July 1 that the Sui Foundation announced the winners of the Sui Overflow 2025 hackathon, covering DeFi, entertainment culture, payment wallets and other fields. A total of 599 project submissions were received, and 36 winning projects were finally selected from nine tracks, and there were also 10 winning projects in the university group. Magma Finance in the DeFi track won the championship with AI optimization of revenue strategy; in the entertainment culture track, GiveRep won the first place by incentivizing positive contributions through blockchain and AI; in the payment wallet track, PIVY won the championship with a privacy payment tool. In addition, SuiSQL took the lead in the infrastructure and tools track. This hackathon also includes a special university award, and student teams such as SuiFL and Sui Battle AR have demonstrated innovative applications of blockchain in education, games and other fields. There were 195,000 votes in the community voting session, and 28 voters finally won the community award for accurately predicting the winning projects in the track.
Katana mainnet is officially launched, and a 1 billion KAT token incentive plan is launched
PANews reported on July 1 that the Katana mainnet incubated by Polygon and GSR has now been officially launched, with pre-deposits exceeding US$240 million. At the same time, a two-year 1 billion KAT token liquidity mining incentive plan was launched. Users can participate in yield mining and other DeFi activities through the Katana application. Currently, users can bridge core assets (such as USDC, USDT, AUSD and ETH) through the Katana beta application, and make deposits, earnings and asset management on the platform. In the next few days, native bridging functions supporting assets such as WBTC and WETH will be launched. Katana's core economic mechanisms include VaultBridge, on-chain liquidity (CoL) and AUSD, etc., aiming to provide deep liquidity and sustainable returns. Early deposit users have begun to earn income through the Yearn V3 vault, while enjoying KAT token rewards and additional incentives from Morpho and Sushi. According to the plan, KAT tokens will be unlocked on February 20, 2026 or earlier, when holders can become vKAT holders by staking KAT and participate in the governance and income distribution of the liquidity pool. According to previous news, the Katana chain incubated by Polygon and GSR was officially launched, and Katana will airdrop about 15% of KAT tokens to users.
Circle applies for US banking license to custody USDC reserves
PANews reported on July 1 that stablecoin issuer Circle has applied for a U.S. national bank license, which will allow it to serve as a custodian of USDC reserves and hold crypto assets for institutional clients. However, the license does not allow Circle to accept cash deposits or make loans like traditional banks. Circle plans to name the entity regulated by the U.S. Office of the Comptroller of the Currency (OCC) as First National Digital Currency Bank, NA Analysts believe that Circle's USDC may become the largest regulated stablecoin under the GENIUS Act, giving it a "regulatory advantage." Currently, the market value of USDC is $61.5 billion.
Coinbase International will launch Sahara AI and Maple Finance perpetual contracts
PANews reported on July 1 that according to the official announcement, Coinbase International Station announced on the X platform that it will add support for Sahara AI and Maple Finance perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The SAHARA-PERP and SYRUP-PERP markets will be open at or after 17:30 on July 3, Beijing time.
Market News: REX-OSPREY SOLANA ETF to Start Trading on Wednesday
PANews reported on June 30 that according to market news, the REX-OSPREY SOLANA ETF will start trading on Wednesday, the company's CEO said.
Robinhood plans to launch its own blockchain and launch “stock tokens” in the EU
PANews reported on June 30 that online brokerage Robinhood is actively expanding its cryptocurrency business, according to Fortune magazine. On Monday, the company announced that it would allow EU customers to trade U.S. stocks and ETFs on the blockchain and launch "Robinhood Stock Tokens." These tokens present popular company stocks in the form of cryptocurrencies, are commission-free, and holders can receive dividends within their app. Customers can trade stock tokens representing more than 200 companies, 24 hours a day, 5 days a week. These stocks were initially issued on Arbitrum and will subsequently be migrated to the company's own Layer2 chain (tentatively named Robinhood Chain). Although the launch time of the new blockchain has not been specified, the new chain will support 24-hour trading. In addition, Robinhood also allows European users to trade cryptocurrency perpetual futures, and supports U.S. customers to pledge cryptocurrencies (Ethereum and SOL are supported in the initial stage).
PANews reported on June 30 that the Trump family crypto project WLFI published a post on the X platform stating that for the first time in history, the 24-hour trading volume of the stablecoin USD1 surpassed USDC (another stablecoin), reaching a record high of US$3.37 billion, becoming the world's second most used stablecoin after USDT.
Fed's Bostic: Expect one rate cut this year and three next year
PANews reported on June 30 that Federal Reserve Chairman Bostic said, "I still expect one rate cut this year and three rate cuts next year."
US Treasury Secretary: Stablecoin legislation may be completed in mid-July
PANews reported on June 30 that according to Jinshi, U.S. Treasury Secretary Bessant said that stablecoin legislation may be completed in mid-July, which will be a source of demand for U.S. Treasuries.
The difficulty of Bitcoin mining has dropped by 7.48% to 116.96 T yesterday
PANews reported on June 30 that Cloverpool data showed that the difficulty of Bitcoin mining has been adjusted at block height 903,168 (2025-06-29 13:23:16), with the difficulty reduced by 7.48% to 116.96 T. According to Bitcoin News analysis, this is the largest drop since China banned mining in 2021. The drop is related to the closure of US miners in extreme heat and unconfirmed reports of power outages that affected Iranian miners, who contribute 4% of the global computing power.
Supreme Court rejects request to shield Coinbase user data from IRS scrutiny
PANews reported on June 30 that according to market sources, the Supreme Court rejected a request to protect Coinbase user data from review by the U.S. Internal Revenue Service.
The Royal Government of Bhutan deposited 137 BTC worth $14.77 million to Binance 20 minutes ago
PANews reported on June 30 that according to Lookonchain monitoring, the Royal Government of Bhutan deposited 137 BTC (worth US$14.77 million) into Binance 20 minutes ago.
PANews reported on June 30 that according to market news, the U.S. Securities and Exchange Commission (SEC) confirmed that it had received an amendment to convert the Grayscale Digital Large Cap Fund into an ETF (the fund covers BTC, ETH, XRP, SOL, ADA).
XRP Ledger has launched EVM sidechain on the mainnet
PANews reported on June 30 that according to The Block, Ripple's XRP Ledger has launched an EVM sidechain on the mainnet, supporting developers to build, migrate and deploy cross-chain and Ethereum-compatible applications in their ecosystem. The XRPL EVM sidechain runs in parallel, integrating the low-cost transactions of the XRP Ledger with the smart contract functions of Ethereum, providing optimized infrastructure for the development of new decentralized applications (such as lending, tokenization, and payments). The sidechain was developed in collaboration between Ripple, Peersyst, and Axelar, using the Evmos software stack. Although the XRP ledger previously had limited smart contract capabilities and did not support EVM, Flare Network has provided this functionality through the EVM compatibility layer. The sidechain connects to the XRPL mainnet through Axelar, transfers and encapsulates XRP as a native GAS token, and has attracted DeFi projects such as Band Protocol, and will integrate the cross-chain protocol Wormhole in the future.
Zhao Changpeng: Requested to place Bitcoin ads on Las Vegas Sphere in 2023
PANews reported on June 30 that Zhao Changpeng commented on the "giant Bitcoin logo displayed on the Las Vegas Sphere" and said that he had asked Binance to sponsor Bitcoin advertising on the Sphere in 2023 (without any Binance logo or mention) and paid some deposits, but it failed to materialize due to "other interferences". It is gratifying to see that the advertisement is now implemented. In addition, Zhao Changpeng emphasized that he did not know who sponsored the advertisement now.
Strategy has been included in the Russell 200 Value Index
PANews reported on June 30 that according to Bitcoin News, the Russell Top 200 Value Index has added a new Strategy.
Kazakhstan plans to create national cryptocurrency reserve
PANews reported on June 30 that according to The Block, Timur Suleimenov, governor of the Central Bank of Kazakhstan, said that the country plans to establish a national cryptocurrency reserve, and the funds will come from digital assets seized in cases and tokens mined by state-owned mines. The reserve will be managed by an affiliated agency of the central bank and adopt the sovereign wealth fund operation model, including a single manager structure and a transparent audit mechanism. Kazakhstan currently accounts for 13% of the world's Bitcoin computing power. After the power shortage in 2022, it has implemented a miner licensing system and seized illegal mining machines worth nearly US$200 million. This move makes it another national entity to deploy crypto asset reserves after many states and companies in the United States. The specific implementation framework is still being formulated, and the size of the reserve and the launch time have not yet been announced.
BitMine announces $250 million private placement and launches Ethereum financial strategy
PANews June 30 news, according to PR Newswire, Bitcoin mining company BitMine (NYSE AMERICAN: BMNR) announced pricing and signed a private placement agreement to purchase and sell 55,555,556 common shares (or common stock equivalents in lieu) at $4.50 per share, with an estimated total proceeds of approximately $250 million, excluding placement agent fees and other issuance expenses, to implement Ethereum financial strategy. The transaction was led by MOZAYYX, with participation from investors including Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. The offering is expected to be completed on or about July 3, 2025, subject to customary closing conditions. The company plans to use the net proceeds from the offering to purchase Ethereum and invest ETH in the company's financial operations. ETH will serve as the company's main financial reserve asset.
Strategy spent about $531.9 million last week to increase its holdings by 4,980 bitcoins
PANews reported on June 30 that according to official news, Strategy (formerly MicroStrategy) spent about $531.9 million to purchase 4,980 bitcoins at a price of about $106,801 per bitcoin between June 23 and June 29; its bitcoin investment return rate has reached 19.7% since the beginning of 2025. As of June 29, 2025, the company holds 597,325 bitcoins, which were purchased at a price of about $70,982 per bitcoin, with a total cost of about $42.4 billion.
Kraken Now Offers 60 Tokenized U.S. Stocks to Non-U.S. Users
PANews June 30 news, Kraken announced on the X platform that Wall Street has officially entered the on-chain era. xStocks is now available on the Kraken platform. 60 US stocks have been tokenized and can be traded 24 hours a day, 5 days a week. More stocks are coming soon. Note: This service is not open to the United States or US people, and there are geographical restrictions. Earlier news, Kraken will provide more than 50 tokenized stocks and ETFs, covering Apple, Tesla, and Nvidia stocks.
Binance Alpha adds NodeOps (NODE)
PANews reported on June 30 that according to the official page information, Binance Alpha has added NodeOps (NODE).
PANews reported on June 30 that according to Lookonchain monitoring, a large number of whales have recently sold off ETH. Wallets 0x14e4 and 0x26Bb (possibly belonging to the same whale) have released their pledges and withdrawn 95,920 ETH (worth $237 million). In the past 20 days, these wallets have deposited 62,289 ETH (worth $154 million) to exchanges such as HTX, Bybit and OKX, and currently still hold 33,631 ETH (worth $83 million).
PANews reported on June 30 that according to The Block, on Monday, a community-led Ethereum group launched an on-chain "time capsule", inviting users to seal artwork, memories, messages and predictions in encrypted smart contracts, which will be opened on the 11th anniversary of the Ethereum network next year. The project was released to commemorate the 10th anniversary of the Ethereum Genesis Block (July 30). The capsule was unveiled at the Ethereum Community Conference (EthCC) and was supported by the Protocol Guild and Shutter Network. Users can submit documents for about $2.50 in Ethereum, and the proceeds will be donated to the Protocol Guild to support core research. Starting July 30, Shutter Network's threshold encryption technology will seal all submissions, and after one year, the smart contract will decrypt the files and store them permanently in the Ethereum ledger.
UK-listed Cel AI has raised £10 million to buy Bitcoin
PANews reported on June 30 that according to an official announcement, British listed company Cel AI has raised 10 million pounds (about 13.7 million US dollars) to purchase Bitcoin and launch its Bitcoin reserve strategy, which is still subject to approval by the shareholders' meeting on July 17.
Binance Alpha to List Echo Protocol (ECHO)
PANews reported on June 30 that according to the official announcement, Binance Alpha will launch Echo Protocol (ECHO). Trading will be open on July 2, and the specific time will be announced separately. Eligible users can go to the Alpha event page after Alpha trading is open and use Binance Alpha points to claim the airdrop. Details will be announced on July 2.
