Important information last night this morning (June 30-July 1)

**Polyhedra Launches Phoenix Revival Plan, Privacy Stablecoin Mainnet to Debut in September**  

PANews July 1 News: Polyhedra has officially initiated the Phoenix Revival Plan to thank users who supported its ecosystem during the June 15 liquidity attack. The plan offers two exclusive benefits to users who staked ZKJ on Ethereum or BSC chains by 21:00 on June 15: future product rewards and whitelist eligibility for ecosystem airdrops. Rewards will be calculated based on users' staking share (SP) at the snapshot time.  

Polyhedra’s upcoming products include:  

- **ZKML Technology**: A zk-inference demo supporting 8B-parameter models is complete. Proof of Humanity based on zkML will launch in Q3 2025, with support for larger models and multi-GPU inference.  

- **Privacy Stablecoin**: Testnet launches in July, mainnet in September.  

- **Dark Pool (Privacy DEX)**: Testnet in Q4 2025, mainnet in Q1 2026.  

- **EXPchain (ZK-Native L1 Blockchain)**: Testnet is live, with full ZK verification and zkML integration expected in Q4 2025.  

Earlier, Polyhedra announced a buyback to stabilize ZKJ, with the CEO addressing the financial attack.  

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**Trump-Linked Crypto Project "American Bitcoin" Raises $220M for Mining**  

PANews July 1 News: Bloomberg reports that American Bitcoin, a crypto project tied to the Trump family, raised $220M via a stock offering to purchase Bitcoin and mining equipment. About $10M worth of shares were traded in Bitcoin instead of USD. Backed by Eric Trump, its major shareholder Hut 8 Corp plans to go public via a merger with Gryphon Digital Mining.  

This effort is part of broader moves to bring Bitcoin into public markets. Hut 8 previously transferred mining gear to American Bitcoin for an 80% stake and aims to expand to Dubai. The Trump family has actively promoted crypto initiatives to position the U.S. as the "crypto capital."  

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**Goldman Sachs Predicts Fed Rate Cuts Starting in September**  

PANews July 1 News: Goldman Sachs’ research team now expects the Fed to cut rates three times (25 bps each in September, October, and December), lowering the terminal rate forecast to 3%-3.25%. Tariff-driven inflation impacts have been weaker than expected, labor market softness, and data volatility could prompt earlier easing.  

While this week’s jobs data may raise odds further, Goldman sees no July action. In contrast, Morgan Stanley analysts deem near-term cuts unlikely, expecting a still-robust jobs report.  

Chicago Fed’s Goolsbee noted current unemployment and inflation are far from 1970s-style stagflation, while Atlanta Fed’s Bostic anticipates only one 2024 cut, citing delayed tariff effects.  

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**Trump’s Official Merch Store Now Accepts $TRUMP Coin**  

PANews July 1 News: Trump’s online stores (e.g., GetTrumpFragrances.com, GetTrumpSneakers.com) now support payments in $TRUMP tokens.  

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**Sui Foundation Announces Hackathon Winners**  

PANews July 1 News: The Sui Overflow 2025 hackathon awarded 36 projects across DeFi, entertainment, payments, and more, plus 10 university teams. Highlights:  

- **DeFi**: Magma Finance (AI-driven yield optimization).  

- **Entertainment**: GiveRep (blockchain + AI rewards).  

- **Payments**: PIVY (privacy-focused wallet).  

- **Infrastructure**: SuiSQL (database tools).  

Community voting drew 195,000 votes, with 28 users winning prizes for accurate predictions.  

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**Katana Mainnet Launches with 1B $KAT Incentives**  

PANews July 1 News: Polygon- and GSR-incubated **Katana** is now live, featuring $240M in pre-deposits and a 2-year, 1B $KAT liquidity mining program. Users can bridge assets (USDC, ETH, etc.) and earn via Yearn V3 vaults, with additional rewards from Morpho and Sushi.  

$KAT unlocks by February 2026, allowing staking for governance (vKAT) and revenue sharing. Earlier, Katana airdropped 15% of $KAT to users.  

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**Circle Applies for U.S. Bank Charter to Custody USDC Reserves**  

PANews July 1 News: Reuters reports Circle filed for a national bank charter to custody USDC reserves and institutional crypto holdings (but not take deposits/lend). The OCC-regulated entity would be named **First National Digital Currency Bank, N.A.**  

Analysts say USDC could dominate under the **GENIUS Act**, securing a regulatory edge. USDC’s market cap is now $61.5B.  

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**Coinbase International to List Sahara AI & Maple Perps**  

PANews July 1 News: Coinbase will add **SAHARA-PERP** and **SYRUP-PERP** trading on July 3 (~17:30 UTC).  

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**Other Headlines**:  

- **REX-Osprey Solana ETF** begins trading Wednesday.  

- **Robinhood** plans its own blockchain and EU “stock tokens” (initially on Arbitrum).  

- **USD1** (Trump-affiliated stablecoin) daily volume hit $3.37B, surpassing USDC.  

- **Fed’s Bostic**: One 2024 cut, three in 2025.  

- **U.S. Treasury**: Stablecoin bill likely by mid-July.  

- **Bitcoin mining difficulty** dropped 7.48% (largest since China’s 2021 ban) amid heat-related shutdowns.  

- **Supreme Court** rejected protecting Coinbase user data from IRS.  

- **Bhutan** deposited 137 BTC ($14.77M) to Binance.  

- **SEC** received Grayscale’s amended filing for a multi-crypto ETF (BTC, ETH, XRP, SOL, ADA).  

- **XRP Ledger** launched an EVM sidechain for Ethereum-compatible dApps.  

- **CZ** revealed a failed 2023 bid to sponsor a Bitcoin ad on Las Vegas Sphere.  

- **Strategy** (ex-MicroStrategy) added 4,980 BTC ($531.9M) last week, now holds 597,325 BTC.  

- **Kraken** offers 60 tokenized U.S. stocks (non-U.S. only).  

- **Ethereum community** launched an on-chain "time capsule" for its 10th anniversary.  

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**Disclaimer**: Views are authors’ alone, not investment advice. Accuracy and completeness aren’t guaranteed. No liability for losses.