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Polygon zkEVM Quietly Abandoned After $250M AcquisitionPolygon acquired Hermez in 2021 for $250 million. Development on Polygon zkEVM has been silently discontinued. The chain runs at an annual loss of over $1 million. In 2021, Polygon made waves in the blockchain space by acquiring Hermez for a staggering $250 million. The acquisition marked a significant move toward zero-knowledge scaling solutions, with Hermez being rebranded as Polygon zkEVM. The idea was to bring Ethereum compatibility and zk-rollup security together for high-throughput, low-cost transactions. However, fast forward to 2025, the once-promising project has hit a wall. Development on Polygon zkEVM has reportedly been halted, and the chain remains technologically outdated. It hasn’t been upgraded to support EIP-4844 blobs, a crucial Ethereum improvement that reduces transaction costs and enhances scalability. Financial Struggles and Strategic Shifts The most striking issue: Polygon zkEVM is running at a loss of over $1 million per year. Despite the initial investment and ongoing maintenance, user traction and revenue have not kept pace with operational costs. Polygon’s team has now turned its attention toward newer priorities, like the Agglayer and enhancements on the PoS mainnet. As a result, Polygon zkEVM is expected to be deprecated by 2026. This quiet exit reflects a broader shift in strategy—one that now leans more heavily on cross-chain infrastructure and more efficient scaling solutions. For developers and users who backed zkEVM early on, this shift signals the importance of adaptability in the rapidly evolving crypto landscape. According to Lorenz, Polygon acquired Hermez for $250 million in 2021 and renamed it Polygon zkEVM. However, the development of Polygon zkEVM has been quietly abandoned and has never been upgraded to use Blobs. The chain is running at a loss of more than $1 million per year.… — Wu Blockchain (@WuBlockchain) June 17, 2025 The Future Beyond zkEVM While Polygon zkEVM may fade into the background, Polygon’s broader vision continues. The network is focusing on interoperable solutions and new infrastructure to support the next wave of Web3 adoption. As the ecosystem evolves, the lessons from zkEVM’s journey may help shape smarter, more sustainable blockchain innovation. Read also: Polygon zkEVM Quietly Abandoned After $250M Acquisition DOGE Breakout: Chart Hints at Massive Spike Immutable X and Gala See Growth — Qubetics Sells 515M Tokens in Presale, Ranked Among Best Cryptos to Buy Today X Suspends PumpFun & Founder Alon Amid Frozen Funds Ethereum Golden Cross Hints at Major Price Surge The post Polygon zkEVM Quietly Abandoned After $250M Acquisition appeared 2nd on NewEraMentor #Polygon #zkEVM #CRIPTOHINDUSTAN #BTC走势分析 #BTC☀️ $POLYX {spot}(POLYXUSDT) $BTC {spot}(BTCUSDT) $SUI {spot}(SUIUSDT)

Polygon zkEVM Quietly Abandoned After $250M Acquisition

Polygon acquired Hermez in 2021 for $250 million.
Development on Polygon zkEVM has been silently discontinued.
The chain runs at an annual loss of over $1 million.

In 2021, Polygon made waves in the blockchain space by acquiring Hermez for a staggering $250 million. The acquisition marked a significant move toward zero-knowledge scaling solutions, with Hermez being rebranded as Polygon zkEVM. The idea was to bring Ethereum compatibility and zk-rollup security together for high-throughput, low-cost transactions.
However, fast forward to 2025, the once-promising project has hit a wall. Development on Polygon zkEVM has reportedly been halted, and the chain remains technologically outdated. It hasn’t been upgraded to support EIP-4844 blobs, a crucial Ethereum improvement that reduces transaction costs and enhances scalability.
Financial Struggles and Strategic Shifts
The most striking issue: Polygon zkEVM is running at a loss of over $1 million per year. Despite the initial investment and ongoing maintenance, user traction and revenue have not kept pace with operational costs. Polygon’s team has now turned its attention toward newer priorities, like the Agglayer and enhancements on the PoS mainnet.
As a result, Polygon zkEVM is expected to be deprecated by 2026. This quiet exit reflects a broader shift in strategy—one that now leans more heavily on cross-chain infrastructure and more efficient scaling solutions. For developers and users who backed zkEVM early on, this shift signals the importance of adaptability in the rapidly evolving crypto landscape.
According to Lorenz, Polygon acquired Hermez for $250 million in 2021 and renamed it Polygon zkEVM. However, the development of Polygon zkEVM has been quietly abandoned and has never been upgraded to use Blobs. The chain is running at a loss of more than $1 million per year.…
— Wu Blockchain (@WuBlockchain) June 17, 2025
The Future Beyond zkEVM
While Polygon zkEVM may fade into the background, Polygon’s broader vision continues. The network is focusing on interoperable solutions and new infrastructure to support the next wave of Web3 adoption. As the ecosystem evolves, the lessons from zkEVM’s journey may help shape smarter, more sustainable blockchain innovation.
Read also:
Polygon zkEVM Quietly Abandoned After $250M Acquisition
DOGE Breakout: Chart Hints at Massive Spike
Immutable X and Gala See Growth — Qubetics Sells 515M Tokens in Presale, Ranked Among Best Cryptos to Buy Today
X Suspends PumpFun & Founder Alon Amid Frozen Funds
Ethereum Golden Cross Hints at Major Price Surge
The post Polygon zkEVM Quietly Abandoned After $250M Acquisition appeared 2nd on NewEraMentor
#Polygon #zkEVM #CRIPTOHINDUSTAN #BTC走势分析 #BTC☀️
$POLYX
$BTC
$SUI
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💎 The CEO of Bitwise, Hunter Horsley, believes that the first cryptocurrency has the potential to conquer the U.S. Treasury bond market. "The opportunity for bitcoin is not just gold; it is also the savings that are currently in Treasury bonds," he stated. Horsley responded this way to a previous post by economist Mohamed El-Erian, who warned that flows into Treasury bonds are no longer a reliable indicator of safe-haven seeking by investors. 👑 #EEUU #EstadosUnidos #CRIPTOHINDUSTAN #MarketSentimentToday #Market_Update $USD1
💎 The CEO of Bitwise, Hunter Horsley, believes that the first cryptocurrency has the potential to conquer the U.S. Treasury bond market.

"The opportunity for bitcoin is not just gold; it is also the savings that are currently in Treasury bonds," he stated.

Horsley responded this way to a previous post by economist Mohamed El-Erian, who warned that flows into Treasury bonds are no longer a reliable indicator of safe-haven seeking by investors.

👑 #EEUU #EstadosUnidos #CRIPTOHINDUSTAN #MarketSentimentToday #Market_Update $USD1
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Vietnam legalizes cryptocurrencies with a new digital technology law Vietnam has approved a digital technology law that legalizes crypto assets and establishes incentives for artificial intelligence, semiconductors, and infrastructure. The National Assembly of Vietnam approved the Law on the Digital Technology Industry on June 14, subjecting digital assets to regulatory oversight. The legislation, which will come into effect on January 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country, according to local media reports. The law classifies digital assets into two categories: virtual assets and crypto assets. Although both are based on encryption or digital technologies for their validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments. The government now has the task of defining specific business conditions, classifications, and oversight mechanisms for these types of assets. The law also requires cybersecurity measures and anti-money laundering efforts in line with international standards, in a likely effort to address the concerns of the Financial Action Task Force (FATF). Vietnam has been on the FATF's "grey list" since 2023.Vietnam aspires to play a global technological role Beyond cryptocurrencies, the legislation highlights Vietnam's ambition to become a digital technology hub. #Vietnam #CRIPTOHINDUSTAN #tecnología #regulacion #VietnamCryptoPolicy $USDC
Vietnam legalizes cryptocurrencies with a new digital technology law
Vietnam has approved a digital technology law that legalizes crypto assets and establishes incentives for artificial intelligence, semiconductors, and infrastructure.

The National Assembly of Vietnam approved the Law on the Digital Technology Industry on June 14, subjecting digital assets to regulatory oversight.

The legislation, which will come into effect on January 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country, according to local media reports.

The law classifies digital assets into two categories: virtual assets and crypto assets. Although both are based on encryption or digital technologies for their validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.

The government now has the task of defining specific business conditions, classifications, and oversight mechanisms for these types of assets.

The law also requires cybersecurity measures and anti-money laundering efforts in line with international standards, in a likely effort to address the concerns of the Financial Action Task Force (FATF). Vietnam has been on the FATF's "grey list" since 2023.Vietnam aspires to play a global technological role
Beyond cryptocurrencies, the legislation highlights Vietnam's ambition to become a digital technology hub.

#Vietnam #CRIPTOHINDUSTAN #tecnología #regulacion #VietnamCryptoPolicy $USDC
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⚡️ NEW: A cryptocurrency founder arrested in New York for allegedly using his cryptocurrency company to funnel $530 million from sanctioned Russian banks to the U.S. The Department of Justice claimed that the cryptocurrency executive operated an "undercover conduit for dirty money" to help Russians access sensitive U.S. technology. #EEUU #CRIPTOHINDUSTAN #Rusia #MarketRebound #TrumpTariffs $USDC
⚡️ NEW: A cryptocurrency founder arrested in New York for allegedly using his cryptocurrency company to funnel $530 million from sanctioned Russian banks to the U.S.

The Department of Justice claimed that the cryptocurrency executive operated an "undercover conduit for dirty money" to help Russians access sensitive U.S. technology.

#EEUU #CRIPTOHINDUSTAN #Rusia #MarketRebound #TrumpTariffs $USDC
Ricky31up:
triste por el
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🔥 BULLISH: Ethereum's futures open interest reaches an all-time high of $20 billion as $ETH doubles since April. 🚨BREAKING🚨 History repeats itself… After a much more positive week with the agreement between China and the US, uncertainty is rising again amid fears that the conflict between Israel and Iran may escalate 🤔🚨 Is it just me, or every time it seems like things are getting a little better, something "unexpected" happens to bring the Markets down? 🤨 #MarketRebound #china #EEUU #ETH #CRIPTOHINDUSTAN $BNB $BTC
🔥 BULLISH: Ethereum's futures open interest reaches an all-time high of $20 billion as $ETH doubles since April.

🚨BREAKING🚨

History repeats itself…

After a much more positive week with the agreement between China and the US, uncertainty is rising again amid fears that the conflict between Israel and Iran may escalate 🤔🚨

Is it just me, or every time it seems like things are getting a little better, something "unexpected" happens to bring the Markets down? 🤨

#MarketRebound #china #EEUU #ETH #CRIPTOHINDUSTAN $BNB $BTC
Cryptocurrency: Investment or a Hilarious Carousel Ride? Ever felt like you're on a super-fast carousel, holding a wallet that's somehow always empty? Welcome to the world of cryptocurrency! It's a world where you can get rich overnight, or more often, go crazy overnight because your favorite coin suddenly costs as much as used chewing gum. The Beginning: Bitcoin and Sweet Promises It all started with Bitcoin, the great-grandfather of all crypto. Back then, only people who understood coding and had a lot of free time paid attention to it. Now? Your neighbor who sells vegetables door-to-door might even be asking, "Hey man, is Dogecoin gonna pump again?" Since then, thousands of new coins have appeared with names sometimes weirder than your beloved cat's name. There's Ethereum, Ripple, Cardano, and there's even one called Shiba Inu (which, if converted to IDR, could buy a real Shiba Inu dog). True HODLers vs. Paper Hands In the crypto world, there are two types of investors: True HODLers and Paper Hands. True HODLers are those who hold their coins tight, even when the graph looks like a free-falling roller coaster. They have a powerful mantra: "HODL!" (Hold On for Dear Life). They believe that one day, their coins will touch the Moon, even Mars! Meanwhile, Paper Hands are those who panic. As soon as the price drops a little, they immediately sell at a loss. These are usually the ones with the most antacids at home. The Charts: Abstract Art or Constellations? Looking at crypto price charts is like looking at abstract art. You'll see lines going up and down mercilessly. Sometimes they form patterns that are supposedly predictable (a "head and shoulders" pattern, a "cup and handle" pattern, or a "seven-headache" pattern), sometimes they're like irregular constellations. Crypto analysts will explain things very seriously about support and resistance, but deep down, they might also be praying that their coin doesn't crash. The Promise of a Pump and the Fear of a Dump #CryptoRoundTableRemarks #CRIPTOHINDUSTAN #Dogecoin‬⁩
Cryptocurrency: Investment or a Hilarious Carousel Ride?

Ever felt like you're on a super-fast carousel, holding a wallet that's somehow always empty? Welcome to the world of cryptocurrency! It's a world where you can get rich overnight, or more often, go crazy overnight because your favorite coin suddenly costs as much as used chewing gum.

The Beginning: Bitcoin and Sweet Promises

It all started with Bitcoin, the great-grandfather of all crypto. Back then, only people who understood coding and had a lot of free time paid attention to it. Now? Your neighbor who sells vegetables door-to-door might even be asking, "Hey man, is Dogecoin gonna pump again?" Since then, thousands of new coins have appeared with names sometimes weirder than your beloved cat's name. There's Ethereum, Ripple, Cardano, and there's even one called Shiba Inu (which, if converted to IDR, could buy a real Shiba Inu dog).

True HODLers vs. Paper Hands

In the crypto world, there are two types of investors: True HODLers and Paper Hands. True HODLers are those who hold their coins tight, even when the graph looks like a free-falling roller coaster. They have a powerful mantra: "HODL!" (Hold On for Dear Life). They believe that one day, their coins will touch the Moon, even Mars! Meanwhile, Paper Hands are those who panic. As soon as the price drops a little, they immediately sell at a loss. These are usually the ones with the most antacids at home.

The Charts: Abstract Art or Constellations?

Looking at crypto price charts is like looking at abstract art. You'll see lines going up and down mercilessly. Sometimes they form patterns that are supposedly predictable (a "head and shoulders" pattern, a "cup and handle" pattern, or a "seven-headache" pattern), sometimes they're like irregular constellations. Crypto analysts will explain things very seriously about support and resistance, but deep down, they might also be praying that their coin doesn't crash.

The Promise of a Pump and the Fear of a Dump

#CryptoRoundTableRemarks #CRIPTOHINDUSTAN #Dogecoin‬⁩
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Bullish
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$BTC #Liquidity101 How do you evaluate liquidity before entering a position? • I look at the 24h Volume: Is it high enough for my trade? (5-second check). • I check the Spread in the Order Book: Is it narrow? (3-second check). • I take a look at the Depth Chart: Does the liquidity look like a smooth staircase or a cliff? (5-second check). #Binance #TradingCommunity #CRIPTOHINDUSTAN
$BTC #Liquidity101 How do you evaluate liquidity before entering a position?
• I look at the 24h Volume: Is it high enough for my trade? (5-second check).
• I check the Spread in the Order Book: Is it narrow? (3-second check).
• I take a look at the Depth Chart: Does the liquidity look like a smooth staircase or a cliff? (5-second check).

#Binance #TradingCommunity #CRIPTOHINDUSTAN
yaab:
rápido y precisó
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💥🇺🇸 LATEST: The Department of Justice will confiscate $7.7 million in cryptocurrencies linked to North Korean IT workers posing as U.S. employees. The funds were laundered through NFTs and chain-hopping to support Pyongyang. #nft #EEUU #ciberseguridad #CRIPTOHINDUSTAN #Seguridad $USDC
💥🇺🇸 LATEST: The Department of Justice will confiscate $7.7 million in cryptocurrencies linked to North Korean IT workers posing as U.S. employees.

The funds were laundered through NFTs and chain-hopping to support Pyongyang.

#nft #EEUU #ciberseguridad #CRIPTOHINDUSTAN #Seguridad $USDC
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Big Techs would consider adopting stablecoins as the debate over the GENIUS Act continues The market capitalization of stablecoins has increased by 90% since January 4, 2024, making stablecoins the first mainstream use case for cryptocurrencies. The growing push for stablecoin regulation in the United States is reportedly prompting major tech firms like Apple, X, and Airbnb to explore the integration of digital tokens. According to a June 6 note from Fortune, at least four tech companies, including Apple, X, Airbnb, and Google, are exploring stablecoins as a way to reduce fees and improve cross-border payments. Each company is at a different stage of implementation, with Google perhaps the most advanced, having already facilitated two payments with stablecoins. Payment infrastructure companies are playing a role. For example, Airbnb has been in talks with Worldpay about using stablecoins, seeking to reduce fees from credit card processors like Visa and Mastercard. The social platform X has been discussing with cryptocurrency companies about integrating stablecoins into its X Money app, according to the report. Elon Musk has previously stated that he wants to expand X's reach to allow users to send and receive money. The company has already obtained money transmission licenses across the United States. Stablecoins have become one of the most popular use cases for cryptocurrencies. The market capitalization of these assets has risen to $249.3 billion from $131.3 billion since January 2024, a jump of 90%. Partnerships between stablecoin infrastructure and tech companies have also been on the rise. Among the partnerships are Mastercard's alliance with MoonPay and Visa's agreement with Bridge #establecoins #Stablecoins #MarketPullback #BigTechStablecoin #CRIPTOHINDUSTAN $USDC
Big Techs would consider adopting stablecoins as the debate over the GENIUS Act continues

The market capitalization of stablecoins has increased by 90% since January 4, 2024, making stablecoins the first mainstream use case for cryptocurrencies.

The growing push for stablecoin regulation in the United States is reportedly prompting major tech firms like Apple, X, and Airbnb to explore the integration of digital tokens.

According to a June 6 note from Fortune, at least four tech companies, including Apple, X, Airbnb, and Google, are exploring stablecoins as a way to reduce fees and improve cross-border payments. Each company is at a different stage of implementation, with Google perhaps the most advanced, having already facilitated two payments with stablecoins.

Payment infrastructure companies are playing a role. For example, Airbnb has been in talks with Worldpay about using stablecoins, seeking to reduce fees from credit card processors like Visa and Mastercard.

The social platform X has been discussing with cryptocurrency companies about integrating stablecoins into its X Money app, according to the report. Elon Musk has previously stated that he wants to expand X's reach to allow users to send and receive money. The company has already obtained money transmission licenses across the United States.

Stablecoins have become one of the most popular use cases for cryptocurrencies. The market capitalization of these assets has risen to $249.3 billion from $131.3 billion since January 2024, a jump of 90%.

Partnerships between stablecoin infrastructure and tech companies have also been on the rise. Among the partnerships are Mastercard's alliance with MoonPay and Visa's agreement with Bridge

#establecoins #Stablecoins #MarketPullback #BigTechStablecoin #CRIPTOHINDUSTAN $USDC
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On-Chain Insights: The Key to Smart Investing! 🚀 On-chain analytics has revolutionized the way investors interpret the crypto market. Unlike traditional technical analysis, it offers a detailed view of transaction flows, delivery from large wallets (whales), and essential information such as strategic focuses, supply on exchanges, and accumulation patterns. With this approach, it is possible to identify trends before the market reacts, anticipating highs and avoiding traps. Large investors use this data to make strategic decisions, minimizing risks and maximizing profits. Do you already use on-chain data to support your investments? Missing out on this revolution can cost you dearly! Follow the right information, understand market behavior, and always be one step ahead. 📊🔥 #OnChainInsights $ETH $BTC $XRP #CRIPTOHINDUSTAN o #Blockchain #Investimentos
On-Chain Insights: The Key to Smart Investing! 🚀

On-chain analytics has revolutionized the way investors interpret the crypto market. Unlike traditional technical analysis, it offers a detailed view of transaction flows, delivery from large wallets (whales), and essential information such as strategic focuses, supply on exchanges, and accumulation patterns.

With this approach, it is possible to identify trends before the market reacts, anticipating highs and avoiding traps. Large investors use this data to make strategic decisions, minimizing risks and maximizing profits.

Do you already use on-chain data to support your investments? Missing out on this revolution can cost you dearly! Follow the right information, understand market behavior, and always be one step ahead. 📊🔥

#OnChainInsights $ETH $BTC $XRP #CRIPTOHINDUSTAN o #Blockchain #Investimentos
$BTC ❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥 🚨 Nothing 👎 to worry about u till it’s above 👆90K$ 🆕🎯 support zone🚨. Triple3️⃣ bottom still in play 💪, just a Nig volume inflow ⬆️ and then 🚀. Look 👀 ON 1D , 3D & 1W, NONE OF THEM HAD CLOSED BELOW ⬇️ BLUE LINE( 🆕🎯SUPPORT ZONE)💪 HOLD N HAVE PATIENCE. VOLATILITY IN #BTC at its peak so stay away from future. 👉 When ur friends starts calling for 60000$ again, just consider that to be the best Entry point & BEST SIGNAL. #CRIPTOHINDUSTAN #ReboundOutlook #AIAgentFrenzy #MicroStrategyAcquiresBTC #AltcoinBoom
$BTC ❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥

🚨 Nothing 👎 to worry about u till it’s above 👆90K$ 🆕🎯 support zone🚨.

Triple3️⃣ bottom still in play 💪, just a Nig volume inflow ⬆️ and then 🚀.

Look 👀 ON 1D , 3D & 1W, NONE OF THEM HAD CLOSED BELOW ⬇️ BLUE LINE( 🆕🎯SUPPORT ZONE)💪

HOLD N HAVE PATIENCE.

VOLATILITY IN #BTC at its peak so stay away from future.

👉 When ur friends starts calling for 60000$ again,
just consider that to be the best Entry point & BEST SIGNAL.

#CRIPTOHINDUSTAN #ReboundOutlook #AIAgentFrenzy #MicroStrategyAcquiresBTC #AltcoinBoom
CRYPTO HINDUSTAN
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Bullish
$BTC 🆕 UPDATE

IT WENT ALMOST AS PLANNED 💪.

I WS EXPECTING IT TO SETTLE AROUND 96k$ zone and then ⬆️ 🚀.

But as usual market keep surprising 😦 time to time,
It came below⬇️to 🆕support🎯 zone (BLUE) line &
still holding 💪 above it since last 3 days.

👉Now I can sense Triple 3️⃣ BOTTOM on 1D as well as 3D 📈 so,
expecting it to go 🚀 🆙 by this weekly close above 👆 99K$.

🚨NOTHING TO WORRY ABOUT UNTILL ITS👆90K$ 🆕🎯SUPPORT ZONE 🚨

💥ANYTHING BELOW THAT WILL REKT WHOLE MARKET FOR SURE 👍,
BUT I BELIEVE IT WON’T HAPPEN💥

TOTAL CRYPTO MARKET VOLUME STANDS ABOVE 👆 💯Bn$ &
it already went 🆙 after TRIPLE BOTTOM FORMATION.

HOLD STRAIGHT & HAVE PATIENCE.
DON’T👎 SELL UR ASSETS NOW IN LOSS

#CRIPTOHINDUSTAN #BNBBhutanReserves

#USJoblessClaimsDrop #AIMarketCapDip #CryptoMarketDip
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