ChainCatcher news, according to Cointelegraph, Canadian Bitcoin mining company Cathedra Bitcoin is halting its seven-year mining operations and adopting a new strategy: to emulate MicroStrategy by purchasing as much Bitcoin as possible on the open market.In the "Bitcoin Treasury Strategy Memo" dated September 16, Cathedra explained that under the new plan, "all capital allocation decisions" will now be based on maximizing the company's Bitcoin reserves on a per-share basis—this is the "most important" metric for many major shareholders.Cathedra stated that Bitcoin-based mining operations have not provided sufficient shareholder value. By market capitalization, 9 out of the 10 largest Bitcoin mining companies now hold less Bitcoin per share than three years ago, adding, "Meanwhile, other publicly traded companies have adopted clear policies to increase the per-share Bitcoin price, most notably MicroStrategy, which has been rewarded by the stock market."Cathedra indicated that it will shift to developing data operation centers to generate "predictable cash flow" to purchase more Bitcoin, and will retain the Bitcoin produced by its existing mining operations, suggesting that the company will not completely abandon mining.Data shows that the company currently holds 23 Bitcoins, valued at $2.5 million, making it the 45th largest Bitcoin corporate holder. Cathedra's statement indicates that the company plans to adhere to its Bitcoin strategy in the long term and notes that it is currently in the "early stages of a decades-long trend," where Bitcoin will become the "dominant global reserve asset."

ChainCatcher message, ZK interoperability infrastructure Polyhedra Network announced that it has integrated its Decentralized Verification Network (DVN) with Merlin Chain through LayerZero. After the integration is complete, more than 100 applications in the Merlin ecosystem can benefit from ZK secure interoperability.

ChainCatcher news, Polyhedra Network announced on social platforms that it will provide new SoulBound Token (SBT) badges for community members participating in Polyhedra network governance. SBT is a governance proof NFT obtained by ZKJ token holders through staking and actively participating in community governance voting.

ChainCatcher news, Polyhedra Network announced the launch of Staking Program V2 on platform X, with the first rewards to be distributed on July 18. Participants in staking can earn ZKJ tokens and participate in Polyhedra network governance.

ChainCatcher message, Polyhedra Network announced on platform X that a system upgrade for the staking program will take place on July 15, 2024, at 3:30 AM UTC (11:30 AM Beijing time). During this period, certain features on the Polyhedra Network token staking program page may experience instability. The upgrade is expected to last about one hour and will conclude at 4:30 AM UTC.

ChainCatcher news, ZK interoperability infrastructure Polyhedra Network tweeted that it has launched ZKJ Chain ------ a new Layer-1 blockchain that achieves joint computation through zero-knowledge (ZK). It indicates that the world's most powerful supercomputer is about to arrive.

ChainCatcher message, Polyhedra Network announced that the next staking plan will start on July 18, and the previous staking plan has ended, with rewards distributed.

ChainCatcher news, ZK interoperability infrastructure Polyhedra Network tweeted that its first zkBridge NEP (Network Enhancement Proposal) is about to be announced, allowing token stakers to participate and earn rewards. In addition, all future decisions to add zkBridge support for new networks will require community proposals and voting approval.

ChainCatcher news, according to the official announcement, OKX has completed the renaming of the ZK token. Users can check their new ZKJ assets through "Asset Management > My Assets > Fund Account".OKX has now opened ZKJ trading, with the specific opening time: ZKJ/USDT market trading: June 17 at 3:00 PM (UTC+8).

ChainCatcher message, Polyhedra Network responds to the previous Matter Labs regarding ZK as follows:"1. zkSync has shown the ZK trademark application to exchanges and attempted to seize the ZK code through the ZK trademark application. This is not for defensive purposes;There is no evidence that Vitalik has supported Matter Labs in the trademark application. In fact, ZK inventors Silvio Micali and Shafi have expressed opposition to the ZK trademark;In other fields, such as artificial intelligence, anyone can refer to it as AI. However, no individual or company can register the AI trademark because no one can truly represent or monopolize AI. If we allow one company to apply for the ZK trademark, it will set a bad precedent for the industry.Fortunately, Matter Labs' application has not yet been approved. We are speaking out to raise awareness in the industry that this behavior must be stopped. We hope Matter Labs will not monopolize under the guise of community and industry development and will withdraw the ZK trademark application."

ChainCatcher news, Polyhedra Network announced the latest upgrade of the Expander toolbox: the Expander Compiler Collection (ECC). The ECC is designed to convert circuits written in gnark into an intermediate representation (IR) of layered circuits. This technology significantly optimizes proof times while ensuring compatibility with existing solutions. In addition, the ECC has achieved a key breakthrough in compatibility with existing circuit languages, enabling developers to generate GKR proofs at a faster pace.

ChainCatcher news, according to The Block, Polyhedra Network announced that it will use the token name "ZKJ" when it lists on the cryptocurrency exchange HashKey Global on Friday, and will change the current token names on various exchanges to "ZKJ". ZKJ stands for ZK Join, a united and open ZK community.

ChainCatcher news, according to official sources, Polyhedra Network will launch ZK staking on June 10, allowing users to stake ZK tokens and earn rewards in ZK and other tokens.

ChainCatcher news, Polyhedra Network posted on social media that, although the ETH ETF has been approved in 2024, some projects are still "snatching" the project code that others rightfully deserve for their own benefit.It is reported that ZK happens to be the project code of Polyhedra Network. It is still unclear whether the exchange considered this when choosing to allocate ZK to zkSync.

ChainCatcher news, the Web3 interoperability infrastructure Polyhedra Network announced on social media that it will soon launch ZK staking. Users can participate through its voting escrow ZK (veZK) staking mechanism and enjoy benefits such as governance, economic security, and earning rewards.

ChainCatcher news, the Rollup platform AltLayer has integrated Polyhedra's zkBridge technology, achieving trustless and secure interoperability across multiple blockchain networks such as Ethereum, Arbitrum, and BNB Chain. This allows AltLayer's Rollups to connect to over 30 different blockchain networks, providing developers with the tools to build various decentralized applications while ensuring a smooth user experience.In addition, AltLayer will participate as one of the nodes in Polyhedra's Bitcoin bridge dual-staking AVS system, aiming to enhance the security of Bitcoin network transactions using the EigenLayer mechanism.

ChainCatcher news, Polyhedra has partnered with Google Cloud to offer zero-knowledge as a service to developers worldwide. The two parties will work together to provide developers with ZK proofs and simplify the ZK workload of blockchain operations through the blockchain node engine functionality.

ChainCatcher news, BounceBit announced a partnership with the zero-knowledge infrastructure platform Polyhedra Network to build the next generation of Web3 interoperability and scalability through advanced zero-knowledge proof protocols. The common goal of BounceBit and Polyhedra Network is to establish a robust Bitcoin ecosystem, and their collaboration will bring interoperability to the BounceBit ecosystem.