DEFI DEVELOPMENT TO RAISE $100M CONVERTIBLE NOTES DUE 2030 TO ACQUIRE SOLANA AND REPURCHASE SHARES $SOL #Solana
ZKJ token holders watched $500 million evaporate in minutes during a coordinated liquidity attack on June 15, but Polyhedra has just launched its Phoenix Revival Program to reward the survivors. The program targets stakeholders who held through the 90% crash, offering early access to ecosystem airdrops and zero-knowledge infrastructure rewards. Community backlash erupted immediately, with investors calling the initiative a betrayal after the leadership abandoned promised buybacks for vague future perks instead of addressing the financial carnage. Polyhedra’s Phoenix Revival Program Targets Long-Term ZKJ Stakers Amid Mounting Community Backlash According to an X post from Polyhedra, the Phoenix Revival Program targets users who had staked ZKJ tokens on-chain via Ethereum or Binance Smart Chain as of 13:00 UTC on June 15. https://t.co/Iinuw5BaTT — Polyhedra (@PolyhedraZK) July 1, 2025 Eligibility and reward allocation will be based on each user’s staking power at that exact moment. This approach, according to Polyhedra, recognizes loyalty and long-term participation rather than short-term speculation. Through the program, eligible users will also gain access to incentives tied to future Polyhedra products and whitelist placement for upcoming ecosystem airdrops. While the platform did not provide an exact timeline for rewards, it confirmed that these benefits would be integrated into multiple ongoing and future product rollouts, such as ZKML—a zero-knowledge and AI hybrid verification tool, a zkSNARK-based privacy stablecoin, the zero-knowledge decentralized exchange “Dark Pool,” and EXPchain, a zk-native Layer-1 blockchain with live testnet and forthcoming cross-chain functionality. However, the community’s reaction to Polyhedra’s Phoenix Revival Program was negative because the plan omitted any reference to a buyback commitment previously promised by the project’s leadership. We will buyback more. Now we need to figure out current situation and we need to prevent future financial attack. https://t.co/AuYMA65aj6 — Tiancheng Xie (@Tiancheng_Xie) June 16, 2025 Many viewed it as a betrayal of trust and an indication that the team was retreating from financial responsibility. Instead of directly addressing the damage caused by the crash, which had wiped out over 90% of ZKJ’s market value and left many investors deep in the red, the team focused its recovery plan on future access to new product features and airdrops. When’s the buyback happening? You promised. — Bitvok (@Bitvok) July 1, 2025 This forward-looking approach failed to satisfy many stakeholders who were still grappling with immediate losses. A sense of abandonment pervaded community discussions, with users expressing frustration that Polyhedra appeared more concerned with salvaging its roadmap and image than compensating those who had lost substantial funds. Adding to the frustration, community members noted that the planned staking incentives and ecosystem benefits were only useful if the project and its token regained value, something many now doubted. @Tiancheng_Xie and @PolyhedraZK is so despicable that he blames project $KOGE or damages project ZKJ, but look at this chart, it says it all, #KOGE is silent but they have taken action and #zkj is essentially a scammer who has scammed the community. pic.twitter.com/r0ue6XDEoc — MinKo Do (Sui/Wal…)/acc (@DoMinhKhoa3) July 1, 2025 As of press time, the token was trading at $0.1962, down 6.25% on the day and 82.65% over the past year. Since its peak at $4.01 in March 2024, ZKJ has lost more than 94% of its value. ZKJ Token Crashed 90% Due to Liquidity Drain On June 15, the ZKJ token from Polyhedra experienced a severe collapse , plunging from $2 to below $0.35 in under two hours. ZKJ crashed 90% in one hour. Was it a rug pull or just chaos? We break down what happened and why Polyhedra is under fire. #Polyhedra #scam https://t.co/LApE7trcfQ — Cryptonews.com (@cryptonews) June 17, 2025 The collapse began with a $4.3 million liquidity withdrawal from PancakeSwap by a single wallet, followed by the rapid sale of 1.5 million ZKJ tokens. Around the same time, a Wintermute-linked wallet deposited additional ZKJ into exchanges, sparking further sell-offs. Bybit recorded over $97 million in long position liquidations within two hours. In response, Polyhedra injected $30 million worth of stablecoins into its DEX pools and announced a temporary buyback. Dear Polyhedra community — we want to emphasize that the fundamentals of Polyhedra remain strong, both in our technology and in the incredible support from our community. We’re continuing to build and push forward as planned. Today’s price drop was caused by a series of abnormal… — Polyhedra (@PolyhedraZK) June 15, 2025 However, this failed to stabilize the market, and skepticism quickly mounted when on-chain researchers discovered that wallets linked to the team may have been involved in draining the KOGE/USDT liquidity pool, used prominently in Binance’s Alpha Points program. These wallets later swapped KOGE for ZKJ and dumped large amounts into the open market, raising concerns of a coordinated exit. Although Polyhedra denied any direct involvement, the community remained unconvinced. The post Polyhedra’s Phoenix Revival: Stakers Rewarded After ZKJ Liquidity Crash – What’s Next? appeared first on Cryptonews .
Cryptocurrency analyst Simeon Koch described the US Securities and Exchange Commission’s (SEC) approval of Solana spot ETFs as a historic turning point for the altcoin market. Solana Spot ETF Comes with Staking Feature With the official announcement following the initial announcement by REX Shares, Solana (SOL) became the third cryptocurrency to receive spot ETF approval in the US after Bitcoin and Ethereum. However, what makes Solana special is that these ETFs also offer staking income. This new fund, called the REX-Osprey Solana and Staking ETF, offers investors access not only to SOL price movements, but also to on-chain rewards earned through staking. Traditional investors will now be able to invest in SOL through regular brokers and earn regular staking returns without the need for crypto exchanges or complex technical operations. The fund’s official stock market launch is set for July 2, 2025. This ETF will operate under a special structure technically and legally called “C-Corporation.” This structure allows staking returns to be transferred to investors without any problems in terms of tax and regulation. Unlike traditional crypto funds, this structure allows staking earnings to be integrated into the ETF structure without the need for additional SEC approval processes. According to Koch, this development could also open a new page for Ethereum ETFs. Until now, staking has been prohibitive for many ETFs due to regulations and tax confusion. However, the C-Corp model used in the Solana ETF could also be applied to Ethereum in the future. However, staking processes on the Ethereum network have longer lockup periods and technical risks, making this process more complex. For this reason, Ethereum ETFs do not currently have a staking option. The SEC’s approval of the Solana ETF could increase institutional interest not just in Solana, but in the entire altcoin sector, according to Koch. The SEC’s silent approval of this ETF suggests that it is not against staking in principle, but expects a compatible financial structure. This could pave the way for new ETF applications for other altcoin projects like Avalanche and Litecoin. Related News: A Giant Company Listed on the New York Stock Exchange Makes a $528 Million Move into Bitcoin What Might Change with the Solana ETF? The approval of the fund could facilitate the integration of the staking model with traditional finance, while also changing the “speculative” perception of altcoins. With this new wave, interest in projects with high infrastructure strength, scalability, and institutional compatibility potential could increase. Although the ETF approval was long awaited in the crypto community, it did not create instant excitement in the market. Many altcoins, including Solana, fell to bottom levels as the summer months entered a period of low volume “summer lull”. While Bitcoin continued to trend close to historical highs, capital outflows from altcoins were observed. However, Koch sees this situation as temporary. He reminds us that there has been a similar delayed increase in Bitcoin and Ethereum ETF approvals in the past. Indeed, Ethereum outperformed Bitcoin in the second quarter of the year: ETH increased by 36 percent, while BTC remained around 30 percent. According to the analyst, this situation is seen as a signal that the altcoin season is approaching in classic cycles. According to Koch, if the Solana ETF sees strong investment demand and similar structures emerge for other altcoins, a new altcoin season could come to the crypto market, this time from Wall Street. Simeon Koch's commentary concludes: “The Solana ETF is not just an investment product, but a symbol of the integration of altcoins into traditional finance. If successful, this could be the beginning of a new era not only for Solana, but for the entire altcoin market.” *This is not investment advice. Continue Reading: Will Tomorrow’s Much-Anticipated Solana Spot ETFs Spark a New Altcoin Season? Analyst Shares His Opinion
Money markets platform Spiko is tapping into Chainlink’s cross-chain interoperability protocol to enable multichain access to over $380 million in regulated on-chain funds. The European fintech announced on July 1, 2025, noting that it was integrating Chainlink ( LINK ), with the strategic aim of bolstering interoperability . Chainlink’s cross chain standard, CCIP, will enable more than $380 million of its institutional-grade onchain money market funds to be accessible to users much more easily and compliantly. “Until now, Spiko MMFs were deployed natively across multiple networks — but investors couldn’t move their shares from one chain to another. The only workaround was to redeem on Network A and re-subscribe on Network B — a clunky, time-consuming, and costly process. That’s officially a thing of the past,” Spiko posted on X. In this case, CCIP will power Spiko’s regulated money market funds, with these MMFs approved by France’s markets regulator. Chainlink will offer the cross-chain interoperability solution that will benefit users looking to tap into traditional financial instruments on-chain. You might also like: UniCredit brings BlackRock’s IBIT to Italy’s elite, merging BTC with TradFi Spiko’s regulated funds As announced, Chainlink will be the interoperability infrastructure provider for Spiko’s tokenized MMFs – EUTBL and USTBL. The two assets, backed by euro and U.S. dollar-denominated treasury bills, are the first EU-approved USD- and EUR-denominated money market funds whose shares are issued as fungible tokens on a public blockchain. It’s part of the massive tokenization trend currently being witnessed across the world. “By integrating CCIP, we’re extending our tokenized money market funds across chains while maintaining the compliance and operational standards required by institutional investors,” said Paul-Adrien Hyppolite, co-founder and chief executive officer of Spiko. Spiko aims to use Chainlink to scale access to its funds, with regulatory and operational standards around identity verification checks, such as know your customer and anti-money laundering. CCIP integration sees Spiko tap into another key blockchain-powered solution after the platform adopted Chainlink SmartData to offer real-time NAV reporting. Chainlink continues to attract massive adoption initiatives as its solutions power growth and traction for projects across decentralized finance, banking, and real-world assets, among others. Recently, Chainlink revealed a major move with the partnership with Mastercard . You might also like: Mastercard predicts it will tokenize 100% of transactions in EU by 2030
As the crypto market gears up for what could be a pivotal second half of 2025, institutional and retail investors alike are locking in on core assets—Ethereum, Cardano, and XRP. These projects have history, infrastructure, and developer momentum behind them. But according to several analyst forecasts, another altcoin has entered the scene and could surprise everyone with its performance trajectory MAGACOIN FINANCE. Here’s how these four assets are shaping up—and why one may be poised to leave the rest behind. MAGACOIN FINANCE: The Early-Stage Contender Analysts Are Watching Closely While the spotlight remains on legacy projects, a fast-moving altcoin has started commanding attention from analysts tracking presale trends and asymmetric setups. MAGACOIN FINANCE is gaining traction not because of promises or speculation, but because of its structural setup—tight release mechanics, limited early access, and increasing demand. Each presale round has moved faster than the last, and investor interest continues to compound. Strategists are watching this one not as a meme or trend play, but as a potential high-return opportunity hiding in plain sight. Previous early movers in cycles past were initially overlooked before experiencing parabolic growth. MAGACOIN FINANCE is being whispered in similar circles as a calculated move for those looking to position early in a token battle with a massive runway. Ethereum: The Institutional Foundation Strengthening Ethereum remains one of the most heavily favored long-term crypto assets. Recent data shows rising accumulation trends, new wallet growth, and all-time highs in staked tokens. Technical setups suggest a bullish breakout may be ahead if current resistance levels give way. Backing this optimism is a surge in institutional inflows through newly approved ETF products, paired with regulatory developments like the GENIUS Act providing clearer guidelines for market participants. With Ethereum now viewed as a regulatory-safe asset, analysts continue to highlight it as a smart portfolio cornerstone for investors preparing for a broader altcoin rally. Cardano: Building Methodically, but Lacking Acceleration Cardano has steadily expanded its transaction count and project base, recently passing major milestones in on-chain activity. Developer engagement is strong, and the protocol’s modular upgrade path signals long-term potential. However, sentiment around ADA remains mixed. Analysts point to slow momentum and a lack of rapid token velocity compared to other chains. While cross-chain integration plans—especially with XRP—could fuel renewed interest, many investors are still waiting for stronger catalysts before rotating back in. XRP: Regulatory Clarity Breeds Accumulation XRP’s long legal battle may be winding down, and that’s opening up a new chapter for the token. Ongoing negotiations with the SEC could result in regulatory relief that clears the path for institutional participation. Already, large-volume holders are quietly accumulating. XRP is also seeing ecosystem growth, with new DeFi projects launching on its ledger and analysts projecting it could re-enter a high-growth phase. Some believe that once settlement terms are finalized, XRP may emerge as one of the most structurally attractive large-cap assets heading into Q4 and beyond. Final Thoughts: Momentum vs. Timing Ethereum, Cardano, and XRP are all solid core holdings with distinct strengths and institutional support. But the real upside of this cycle may lie elsewhere. MAGACOIN FINANCE isn’t waiting on approval, integration, or partnerships—it’s accelerating on fundamentals and timing. For investors looking to add an edge to their portfolio, this may be the asymmetric move that defines their 2025 returns. To learn more about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Exclusive Access: https://magacoinfinance.com/entry Continue Reading: Ethereum, Cardano, and XRP Remain Core Holdings — But Analysts Say One New Altcoin Could Outrun Them All
The Katana mainnet has officially launched, introducing a new decentralized finance (DeFi) platform designed to enhance liquidity and yield opportunities in the sector. With over $240 million in pre-deposits within weeks of its announcement, Katana is now live, offering users the chance to earn from day one through a liquidity mining incentive of 1 billion
Crypto news sites across Europe lost visibility fast in the first three months of 2025 after MiCA rules kicked in. According to a detailed report from Outset, over 80% of crypto-native media in the region saw traffic fall. While MiCA mainly targets crypto service providers, not publishers, the rules swept up media outlets anyway, especially those running sponsored posts, affiliate links, or anything remotely promotional without the right disclaimers. In January, the European Securities and Markets Authority (ESMA) warned that even editorial content must be stripped of investment talk unless licenses are in place. Google responded quickly. Pages without proper disclaimers or jurisdiction tags got buried. Sites outside the EU weren’t safe either if their content targeted Europe in German, French, Dutch, or Spanish. The traffic drops weren’t just algorithmic. Geopolitical tensions and the broader crypto market downturn made the hits worse. Germany issued threats, and traffic collapsed anyway Germany had 34 crypto-native media outlets. By February, 21 of them were down. BaFin, the country’s regulator, issued public warnings about unlicensed “investment-like” promotion. Coin-Update lost over 51%. Krypto Magazin fell 45%. Cointelegraph Germany plunged 63%. March didn’t fix much—half the German outlets were still dropping. A few sites fought back with disclaimers and legal fine print. BitcoinBlog.de bounced up 47.4% in March. Krypto News and Kryptozeitung also posted small rebounds. Others stayed down for the count. The few winners—CryptoMonday, Blockzeit, CoinJournal DE, and Crypto Valley Journal—used stronger legal tagging and multilingual coverage. In total, just 9 German-language sites recorded any growth that quarter. CoinJournal DE benefited from its ownership by Investoo Group, a UK firm that owns a bunch of multilingual crypto sites optimized for SEO and local compliance. In 2020, Investoo added CoinJournal to its portfolio and later merged bitcoinmag.de into it. The combined traffic and shared legal infrastructure helped them hold steady during the crackdown. Other former Investoo brands like Kryptoszene.de, now independent, still saw growth. It probably pivoted to niche German-first content after the split. Blockchain Stories DE and Block-Builders.de also grew across the quarter. French outlets fell hard while only a few climbed back up France had 25 crypto-dedicated media outlets at the start of Q1. Most dropped. The Blog lost nearly 72%. Coinhouse, CryptoNews France, and Conseils Crypto each lost around 40%. Cointelegraph France underperformed even though it’s tied to Frekaz Group, which also owns Cointribune. Cointribune held up better, mostly due to its structure as a hybrid VC-media startup under Frekaz. But it wasn’t immune to search penalties. Franchise models, like Cointelegraph’s French edition, struggled more—limited backend access and lower investment in SEO made a difference. By March, things improved a bit. Stelareum climbed back up 9%. Blockchain France grew 72.64%. InvestX jumped 60.71%. Cryptoast and Bitcoin.fr also showed mild gains. In total, only four French outlets finished the quarter with stable growth: ActuCrypto.info, Blockchain France, The Market Periodical, and InvestX. All of them leaned on compliance tools, clear risk language, and wider language support. The Netherlands and Belgium didn’t pass new crypto media laws, but that didn’t protect anyone from Google. Dutch-speaking outlets took heavy hits in February. Out of 21 sites, over 76% lost traffic. Bitcoinexchangenederland.nl got wrecked—down 92.96%. Bitcoin Koers dropped more than 50%. Crypto Insiders fell even without regulatory pressure. The same pattern held in Spain and Italy. Spanish outlets were hit by the late 2024 ad rules from CNMV. By February, 70% had traffic losses. CriptoPasion dropped nearly 47%. Cointelegraph ES and BeInCrypto’s Spanish edition both lost around 20%. Bit2Me News was the outlier, up 149.40% after a spike in March. The rest stayed down. Italy also saw 70% of crypto media lose ground. The Cryptonomist dropped 42%. Cointelegraph Italy fell 46%. Only Borsainside grew. CONSOB’s early 2025 advisories didn’t help, especially for influencer-linked platforms. The UK wasn’t even part of MiCA , but got slammed anyway. The FCA started enforcing its own crypto ad rules in January. Five UK-facing crypto outlets were tracked. The Market Periodical and MyCryptoSpaceUK posted gains, but they were small—MyCryptoSpaceUK stayed under 10K monthly visits. Bitcourier and Cryptouk.io failed to recover. The Crypto Adviser surged in March, up 162.18%, but still couldn’t hit 4K visits. Q1 ended with 81.61% of crypto-native publishers in Europe down. January started with 26.57M visits across all outlets. By March, it was 22.22M. That’s a 16.37% drop in just two months. Only 16 outlets gained any traction, and just half of those had steady growth month to month. Traffic across Europe was mostly concentrated in a handful of sites. BTC Echo, Crypto Insiders, Cointribune, Bitcoin Magazine, Cointelegraph ES, and Newsbit’s Dutch and German versions had over 1M monthly visits. They made up 60% of all crypto media traffic. Lower-tier sites—those under 100K visits—added up to just 6.24% of the region’s traffic. Mid-level outlets filled in the rest. Germany and France led the region in audience. Italy and the UK underperformed. Belgium split between Dutch and English sites. Portugal had zero crypto-native publications. Meanwhile, mainstream financial sites outperformed crypto media. Of 46 broader media outlets, 25 gained traffic. Sites like Investing.com and Finanzen.net got over 100M visits combined. In Germany, 24% of top-performing generalist outlets were based locally. Italy’s big players—like FinanzaOnline—brought in millions. Spain’s finance media also held up. Only 32% of those mainstream finance outlets were consistently in Google Discover. Sites like boursier.com, finanzen.at, and es.investing.com were regulars. Nine of those broke 1M visits. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Connecticut has taken a cautious stance on cryptocurrency by enacting legislation that prohibits the state government from accepting or holding digital assets, signaling a significant policy divergence within the US.
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Ethereum is witnessing a robust resurgence in institutional interest, with ETFs recording a remarkable 106,000 ETH net inflow, marking seven consecutive weeks of positive momentum. This sustained inflow contrasts sharply