The crypto market has seen a flurry of activity this week with a few cryptos undergoing key updates. Polygon has recently transitioned from MATIC to POL. This new token is crucial to Polygon’s PoS structure and might be the key to its growth in the RWA sector. Meanwhile, Notcoin struggling
Two leading entities in the tokenization of real-world assets, INX and Backed, today announced the launch of new tokenized stocks to the INX platform for qualified non-US customers. INX is a regulated marketplace for trading security tokens and tokenized real-world assets. With the successful introduction of tokenized Nvidia, INX and Backed are
In a market subdued by slow activity, Polygon’s native token, POL (formerly MATIC), has emerged as a standout performer. The token recently reached a 12-day high of $0.4219, recovering from a prolonged bearish phase. As of the latest data, POL is trading at $0.4141, marking a notable 9.3% increase in
Polygon’s ambitious token migration from MATIC to POL has reached a milestone, with 6.50 billion tokens successfully converted as of today. This transition, representing a 64.8% conversion rate, marks a pivotal moment in the network’s evolution towards its Polygon 2.0 vision. The migration process, which commenced on September 4, 2024,
Polygon’s recent migration from its native token MATIC to POL, completed on September 4, has failed to spark the positive market response typically associated with such upgrades. Instead, the network faces a series of challenges, including declining user activity and large holders offloading their tokens, which continue to exert downward
TOKEN2049, the world’s largest Web3 conference, announced a collaboration with spatial sound pioneers Polygon Productions for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Set to redefine live music experiences with spatial audio technology, Polygon Productions will combine binaural sound and synchronised lighting to curate
The overall crypto market is under downside pressure, and the market cap has plummeted by over 3.30% to $2.11 trillion. Leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have crashed by over 4%. However, Polygon (MATIC) has drawn attention by topping the losers list, declining by 10.20% over the past 24
The crypto game is all about returns, and today we’re unveiling pivotal updates on three coins to help you identify the standout of the week. Starting with Polygon’s price outlook: MATIC could ignite a bullish charge if it breaches its current barriers. However, a failure might see it plunge to
According to the Spotonchain data, a Polygon foundation-linked wallet deposited 15.49M MATIC worth $8.1 million to Binance in the past 5 days. And the wallet still holds 13M MATIC worth $6.78 million under staking. At the same time, 824M $TEL was transferred out of the Telecoin Association wallet to Polygon
A breach has occurred in the Polygon community Discord channel. The chief information security officer at Polygon, Mudit Gupta, acknowledged the intrusion and warned users not to click on any links published in the Discord channel until the issue is fixed. Even though Gupta claimed that all privileged accounts had
