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Polygon Proposes Upgrading MATIC Token to POL | Cryptocurrency Trends

Pat, Bitget Research
2023/07/14
Polygon Proposes Upgrading MATIC Token to POL | Cryptocurrency Trends

1. Mainstream Exchange Trends:

● Coinbase enables ful l trading mode for XRP-USD, with XRP-USDT and XRP-EUR to remain in limit-only mode.
● Gemini exploring the launch of XRP spot and derivatives trading.
● Binance appoints Eleanor Hughes as its new General Counsel.
● Kraken Pro launches XRP trading in the U.S.
● Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)
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2. Cryptocurrency Trends:

● U.S. District Court of the Southern District of New York: XRP is a security when used for institutional sales.
● The SEC advises that it has received Bitwise's Bitcoin spot ETF application and has now officially started the review process.
Polygon proposes the upgrade of MATIC tokens to POL.
● Kava 14 mainnet launched. The new version will be an internal cross-chain bridge connecting Cosmos to Ethereum DApps.
● Chainalysis: Crypto inflows to illicit services down 65% year-on-year in H1 2023.
● Google Play changes its policy on tokenized digital assets to allow app developers to integrate NFTs into games.
● NFT lending protocol ParaSpace announces the upcoming release of V2.0.
● FTX Claims website relaunched.
● Coinbase's Layer 2 network, Base, slated for a public launch in early August. The mainnet has now been opened for developers.
● The stETH, rETH, and cbETH liquidity restaking smart contracts in EigenLayer all reach their maximum limits.

3. Financing Trends:

● Binance Labs announces a US$15 million investment in Web3 game publisher Xterio.
Blockchain infrastructure startup Artela raises US$6 million in seed round funding led by Shima Capital.
● Investment app Roi raises US$3.6 million in funding led by Sp ark Capital.

4. Regulatory Trends:

● U.S. Senators to introduce an amended version of the omnibus bill to expand the CFTC's regulatory authority.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.