🏆 Gold Just Beat the Dollar, Yen, and Franc. Here's Why.

🌍 Gold Beats Everything in 2025

Gold is having a massive year. Since January, it’s jumped over 30%, hitting a high of $3,500 before settling near $3,403. That makes it the best-performing safe haven of 2025,  far ahead of the US dollar, Japanese yen, or Swiss franc.

Why is everyone suddenly buying gold?

At a recent metals conference, analysts explained it simply: gold doesn’t depend on any government. It’s not a bond, a currency, or a bank asset. It just sits there  and in uncertain times, that’s exactly what people want.

Here’s what’s happening:

• The US dollar has lost nearly 10% of its value this year.

• Treasury bonds took a hit after Trump’s new tax and tariff policies.

• Japan’s bond market is shaky, and interest rates are still stuck at 0.5%.

• The Swiss central bank cut rates in March, and inflation is falling, not good for their currency either.

As a result, more money is flowing into gold. And not just from investors.

Central banks are buying too:

• Over 1,000 tons of gold were added to reserves in 2024.

• Gold is now the second-biggest global reserve asset, behind the US dollar.

• Countries like India and Nigeria are moving gold back home from overseas vaults.

A new survey from the World Gold Council shows:

• 95% of central banks plan to buy more gold this year

• 3 out of 4 expect to hold fewer US dollars over the next five years

Some countries are also changing where they store gold, preferring to keep it within reach instead of relying on vaults in New York or London.

📚Read Also: Trump signs order to enforce US-UK trade deal

US President Donald Trump has signed an executive order directing federal agencies to implement the US-UK trade agreement, which was unveiled in May. The deal dramatically reduces tariffs on British exports and expands the US access to key UK markets.

📊 Market Watch:

Solana Memecoin Chaos as Pump.fun and Key Accounts Suspended on X

The Solana memecoin world was thrown into confusion yesterday after X (formerly Twitter) suspended Pump.fun’s official account, its founder Alon Cohen’s handle, and several other high-profile community profiles.

The suspensions started around 7:30 p.m. UTC, with users suddenly seeing “user not found” errors. Some of the notable accounts impacted include gmgnai, arthur_gmgn, haze0x, BloomTrading, and even trading bots like bullx_io and ElizaOS.

What triggered it?

So far, no official explanation from X or the affected teams. A well-known community member, Otto, called it an “internal enforcement sweep,” suggesting it may be linked to violations of X’s rules around platform manipulation or spam—especially since many of the suspended accounts were tied to trading tools and marketing services for on-chain assets.

The community response? Launch more memecoins.

Within an hour, Pump.fun was flooded with tokens themed around the suspension and Cohen’s alias. Five of these quickly made it to the top 10 trending tokens, doing $10.4 million in volume. In fact, 15 of the 31 tokens that “graduated” through Pump.fun’s bonding curve during that hour were all inspired by the incident.

Speculation runs wild

With no word from X or regulators, some began wondering if the SEC had intervened or if legal pressure was involved. That’s not far-fetched, Pump.fun has already faced criticism over scam coins and pump-and-dump schemes. A class-action lawsuit filed in January accused it of facilitating the sale of unregistered securities and collecting nearly $500 million in fees.

And earlier this month, reports emerged that Pump.fun may be planning a $1 billion token sale at a $4 billion valuation, though no official details have surfaced.

📚Read Also: Ripple, SEC ask court to delay appeals, All eyes on August 15

The long-running legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) is seeing another delay, as both parties have jointly requested the US Court of Appeals for the Second Circuit to keep their appeals on hold while they work toward finalizing a settlement.

🧩 Protocol Watch 

Polygon Phases Out zkEVM, Shifts Focus to PoS and AggLayer

Polygon is sunsetting its zero-knowledge scaling product, Polygon zkEVM, by 2026—after spending over $250 million on acquiring Hermez and developing it. Researcher Lorenz Lehmann revealed the project has been running at an annual loss of more than $1 million and has not been upgraded to support Ethereum’s blob-based scalability.

 New Leadership, New Direction

Co-founder Sandeep Nailwal has officially stepped into the CEO role at the Polygon Foundation, citing the need for “clear direction and focused execution.” He emphasized that the foundation’s treasury remains strong, with several hundred million dollars available to fund long-term growth.

Here’s what’s next for Polygon:

• Polygon PoS will focus on real-world assets (RWA) and stablecoin payments.
  

  • Its Gigagas roadmap is now in testnet, targeting over 1,000 TPS by July.

  • Devnet tests show >5,000 TPS with plans for 1-second finality and zero reorgs.
    

• AggLayer, Polygon’s interop layer, will launch v0.3 on June 30.
  

  • Final upgrades (including fast interop) expected by end of Q3.

  • The AggLayer Breakout program is expected to generate more projects and potential airdrops for POL stakers.

ZK research isn’t dead. Just shifting

 Polygon says it will continue ZK-related research under a new project called Polygon Zisk, led by Jordi Baylina. Instead of running its own ZK chain, the foundation aims to support zero-knowledge scaling in a more modular, neutral way.

Market outlook and POL revival

Polygon says major market makers are showing renewed interest in POL since the SEC dropped investigations into MATIC. The foundation plans an educational push around the MATIC-to-POL transition and sees the protocol upgrades as a long-term boost to POL’s utility and value.

📚Read Also: Coinbase launches its wrapped XRP and Dogecoin on Base

Coinbase has added two new wrapped tokens to its Base network, expanding its lineup of ERC-20 assets with cbDOGE and cbXRP, the exchange announced via its official X account on June 5.

Market-moving headlines 🔥

Did you know? 🧠

On June 17, 2016, Ethereum co-founder Vitalik Buterin and others began circulating concern over a recursive call vulnerability in The DAO smart contract—barely days before a hacker exploited the flaw on June 17–18 to drain roughly $50 million in ETH . This was a pivotal moment that sparked intense debate and ultimately led to Ethereum’s controversial hard fork, splitting the chain into ETH (the forked chain) and ETC (the original, unforked, continuation).

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