Crypto Industry Developments: Ripple Ruling, PancakeSwap-Google Cloud Partnership, OKX Supporting ETH Tokens, Polygon Token Upgrade, SEC Action Against Celsius
This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.
Polygon (MATIC) Price Surges 24% Following XRP Court Ruling, Dapps Growth, and Polygon 2.0 Upgrade Proposal
Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.
Polygon Proposes Technical Upgrade To Convert MATIC Token Into Polygon (POL) for Multi-Chain Validation
Polygon, the Ethereum scaling solution, has proposed an upgrade for its native MATIC token to become Polygon (POL), which would validate multiple chains within the Polygon ecosystem. The upgrade aims to ensure scalability without compromising security and introduce a new level of interoperability between different protocols within the network.
Polygon Executes "Indore" Hard Fork to Improve Network Stability and Shifts Focus to Time-Based Design
Polygon has completed the "Indore" hard fork as part of the larger "Inborg" update to improve network stability and eliminate potential errors. Binance has expressed support for the hard fork by halting deposits and withdrawals until the upgrade is complete.
Binance Will Support the Polygon (MATIC) Network Upgrade & Hard Fork
July 4 (Cointime) -Binance will conduct a Polygon (MATIC) network upgrade and hard fork. The upgrade and hard fork will take place at Polygon block height 44,934,656, approximately 2023-07-11 04:00 UTC. Deposits and withdrawals will be suspended from 2023-07-11 03:30 (UTC). Transactions will not be affected. After the upgrade is complete, MATIC's deposit and withdrawal services will be reopened.
1inch June Transaction Data Report Shows Ether Ranked #1 with $276.9 Billion in Total Transaction Volume
July 3 (Cointime) -According to 1inch report, that Shows Ether Ranked #1 with $276.9 Billion in Total Transaction Volume. Here is the key stats list：
Revolut to Delist Cardano, Polygon and Solana in the US Amid Regulatory Developments
June 30 (Cointime) - Revolut, a cryptocurrency-friendly neobank, will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States in September due to changing laws and regulations around cryptocurrency in the country. Revolut notified its U.S. customers about the change on June 29, stating that buying these tokens is immediately closed for all customers.
Polygon's Fees and Revenue Plummet as Network Stats Stagnate, but Gaming Ecosystem Thrives
June 28 (Cointime) - Polygon's network statistics have stagnated over the past few months, with daily active addresses and transactions plateauing and a decline in usage and adoption. The network's value and fees have also declined sharply, leading to a plummet in revenue.
Polygon Makes Strategic Investment in Delysium
June 27 (Cointime) - Delysium announced on its official Twitter account that Polygon has made a strategic investment in the company. This investment is not just strategic, but also a shared belief and support for the future convergence of AI and blockchain.
SEC Lawsuits Against Binance and Coinbase Cause $5 Billion Loss for Solana, Polygon, Cardano, and Other Tokens
June 27 (Cointime) - According to a Decrypt analysis of CoinGecko data, Solana, Polygon, Cardano, and other tokens involved in the SEC court battles have lost $5 billion, or 15%, of their collective market capitalizations. The SEC filed lawsuits against Binance and Coinbase on June 5 and 6, accusing them of selling unregistered securities. The lawsuits named several cryptocurrencies, including Solana, Cardano, and Polygon, which have suffered losses since the lawsuits were filed. Despite the drops in token prices, the crypto market has been on a bullish rally over the past week, with Bitcoin reaching over $31,000 for the first time in months.
