Polygon, the leading Ethereum Layer-2 scaling solution, migrated its native $MATIC token to a new token, $POL, according to a Sept. 4 CoinTelegraph report.

Now, $POL will serve as the network’s native gas and staking token. This transition is part of Polygon's plan to advance its infrastructure and integrate it with zero-knowledge (ZK) technology.
Why the Migration to $POL?
The upgrade from $MATIC to $POL is crucial for Polygon’s ambitious plans to evolve into a zero-knowledge Ethereum Virtual Machine (zkEVM) system under its “Polygon 2.0” roadmap. POL will eventually be used across multiple interoperable blockchains within the Polygon ecosystem.

Polygon’s roadmap envisions $POL as a versatile token that will serve several functions beyond gas fees and staking.

Validators who stake $POL will not only secure the Polygon Proof-of-Stake (PoS) chain but also have the opportunity to earn rewards by staking on other chains in the Polygon ecosystem, a concept known as the “AggLayer.” This feature is designed to consolidate liquidity and state across the network, making $POL a critical component of Polygon’s future growth.

The Transition Process
For most $MATIC holders, the transition to $POL will be seamless. If you hold $MATIC on the Polygon PoS chain or centralized exchanges, your tokens will automatically convert to $POL on a 1:1 basis.

However, if you hold $MATIC on the Ethereum network or on Polygon’s zkEVM layer 2, you will need to manually migrate your tokens to $POL. This can be done using a migration contract provided by Polygon. The process is straightforward but is recommended for experienced users to avoid any potential issues.

Despite Polygon's assurances that there is no immediate deadline for completion, it is advisable to act sooner rather than later to avoid any complications during the transition.

Elon Musk and Tesla’s legal troubles with the cryptocurrency Dogecoin seem to have reached an end. In a decision on Thursday, U.S. District Judge Alvin Hellerstein dismissed a federal lawsuit alleging that Tesla and Musk defrauded Dogecoin investors by hyping the cryptocurrency and conducting insider trading.

As noted in previous reports, the plaintiffs of the Dogecoin lawsuit alleged that Musk and his companies “profited tens of billions of dollars” at regular Dogecoin investors’ expense. The plaintiffs honed in on some of Musk’s comments in the suit, such as when the CEO dubbed the cryptocurrency a “hustle” in his appearance on Saturday Night Live in 2021.

The plaintiffs also alleged that Musk intentionally drove up Dogecoin’s value by over 36,000% through comments and posts on social media before allegedly letting it crash. Overall, the plaintiffs originally looked to secure $258 billion in damages, though Musk’s legal team has argued that the case had no basis.

Hellerstein noted that Musk’s comments, some of which hyped up Dogecoin as a potential future currency of the Earth, were “aspirational and puffery, not factual and susceptible to being falsified.” The judge also noted that no reasonable investor could rely on Muss’ tweets to pursue a securities fraud claim, as noted in a Reuters report.

Ultimately, Hellerstein dismissed the plaintiff’s Dogecoin lawsuit against Musk and Tesla with prejudice, which means that the case could not be brought again. This should come as a relief for Musk and Tesla, as the plaintiffs had amended their legal complaint four times in the past two years.

Lawyers of the plaintiffs have not issued a comment about the matter. Alex Spiro, one of Elon Musk’s lawyers, simply noted that, “It’s a very good day for Dogecoin.”

While Elon Musk has been very outspoken about his support for Dogecoin, so much so that the cryptocurrency has been used as an option to purchase Tesla merchandise and vehicles in the past, he has warned the public about investing in the cryptocurrency. Musk highlighted such sentiments in a 2021 impromptu interview.

“I think people should not invest their life savings in cryptocurrency. To be clear, I think that’s unwise. But if you want to sort of speculate and maybe have some fun, there is a good chance that crypto is the future currency of Earth… But it should be considered speculation at this point, so don’t go too far on the crypto speculation part,” Musk said.

The on-chain analytics firm Santiment has explained how this could be the signal that leads into the next bull run for Bitcoin.

Bitcoin Miner Supply May Hold Key To Start Of Next Bull Rally
In a new post on X, the analytics firm Santiment has discussed the trend in the “Supply held by Miners” metric. As its name suggests, this indicator measures the total amount of supply currently sitting in the wallets connected to the Bitcoin miners.

When the value of this metric rises, the miners receive a net number of tokens in their wallets. Miners naturally constantly receive coins into their addresses as they solve blocks and receive rewards, so inflows for them aren’t anything special.

Centralized cryptocurrency trading platform Kraken has again refuted the US Securities and Exchange Commission’s (SEC) allegations that the exchange sold digital assets that qualify as unregistered securities.

Kraken vs. SEC, A Battle Of Legal Definitions
In its response, the San Francisco-headquartered exchange insisted it had not violated federal securities laws. Specifically, the exchange mentions that the digital assets sold on its platform do not meet the legal definition of securities or investment contracts.

Hong Kong is considering changes to its cryptocurrency regulatory framework, particularly concerning over-the-counter (OTC) virtual asset trading services.

The Securities and Futures Commission (SFC) may play a larger role in overseeing the sector, working alongside the Customs and Excise Department (C&ED), according to a recent report from the South China Morning Post.

Related Reading: Hong Kong’s Crypto Exchanges Hit Roadblocks In License Quest
Hong Crypto OTC To Be Regulated
Notably, the proposed changes would shift from the current system, where the C&ED primarily handles OTC services. For context, OTC services facilitate direct, private cryptocurrency transactions between large parties, bypassing the need for a public exchange.

South China Morning Post reported that the SFC’s potential involvement in regulating OTC services would align it with its broader responsibilities over the financial markets, potentially providing more clarity for the crypto industry.

Citing unnamed sources familiar with the discussions, the report further disclosed that the SFC has consulted with industry players on this new licensing regime.

This insight is vital for those concerned about Ethereum’s price underperforming compared to Bitcoin and other altcoins. The data suggests that despite the current price struggles, Ethereum’s network remains robust and highly utilized, especially in DeFi.
This broader market perspective can help investors stay informed and make better long-term decisions, focusing not only on price but also on Ethereum’s underlying strength and growing utility. As the market continues to evolve, Ethereum’s role in DeFi could remain a critical factor driving future price action.
This insight is vital for those concerned about Ethereum’s price underperforming compared to Bitcoin and other altcoins. The data suggests that despite the current price struggles, Ethereum’s network remains robust and highly utilized, especially in DeFi.
This broader market perspective can help investors stay informed and make better long-term decisions, focusing not only on price but also on Ethereum’s underlying strength and growing utility. As the market continues to evolve, Ethereum’s role in DeFi could remain a critical factor driving future price action.
Ethereum DEX Dominance Could Be Challenged
One of the core products born out of DeFi is the decentralized exchange (DEX), allowing users to trade assets permissionlessly without the need for intermediaries. DEXs also enable users to become market makers by supplying liquidity to asset pairs, earning fees from trades between those pairs.
According to a recent IntoTheBlock report on X, Ethereum remains the dominant force in DEX volume, controlling almost 35% of the total market share. However, other blockchain networks are increasingly challenging Ethereum’s dominance. Solana, in particular, is emerging as a strong competitor, steadily solidifying its position within the DEX space. Solana’s increasing volume highlights its growing relevance despite Ethereum’s longstanding influence.

Kesmeci explains the pivotal status of 350,000 stating that whenever the number of new Bitcoin addresses moves above this level, it indicates that bulls are gaining market influence and the price trajectory is upward. Alternatively, when new BTC addresses fall below this threshold, it could represent a price correction or the beginning of a bearish season.

For the latter case, the crypto analyst explains that a straight decline in new BTC addresses to below 250,000 would result in a full-fledged bearish market as previously seen on three occasions in the last six years i.e. from $19,000 to $6,000 in 2018, from $64,000 to $30,000 in 2021, and from a record $74,000 to $49,000 in 2024.

However, the recent rise in new Bitcoin addresses which had dipped below 200,000 to above 300, 000 has been largely impressive. Kesmeci postulates that if this metric reaches above 350,000, especially following the US Federal Reserve meeting next week, BTC investors could be in for a “delicious” period.

It provides for a Joint Advisory Committee consisting of participants from the Securities and Exchange Commission and the Commodity Futures Trading Commission. It would, therefore, look to harmonize the sometimes-conflicting regulations existing presently between the two agencies for digital assets, coming under both securities and commodities jurisdictions.

Rose argues that the “regulation-by-enforcement” approach stifles innovation and drives investment overseas, requiring the United States to create an environment friendlier to digital asset development.

Dogecoin is making waves once again, with bulls stepping up after a key trendline breakout that could ignite a fresh rally. Following a period of sideways movement, the momentum has shifted in favor of buyers, who now have their sights set on the $0.1293 target. This breakout could mark the beginning of a significant uptrend, but the real test lies ahead – can the bulls keep the momentum going, or will overhead resistance stall their charge toward new highs?

This article seeks to analyze Dogecoin’s recent trendline breakout and its potential for further upside. We’ll dive into the technical indicators driving the bullish momentum, assess key resistance levels, and determine whether the bulls have enough strength to push the price toward the $0.1293 mark.

In the past 24 hours, DOGE was trading near $0.1068, marking a 4.68% increase. The cryptocurrency’s market capitalization has climbed above $15.5 billion, while trading volume exceeded $717 billion. During this period, both the market cap and the trading volume saw a boost of 4.70% and 71,33% respectively.

His legal team contends that Lewis Kaplan, the presiding judge, was biased and that the narrative of the case was mostly against him. Currently serving a 25-year jail sentence, Bankman- Fried argues he did not act illegally and that the evidence offered during the trial was unfairly constrained.

Claims Of Judicial Bias
Bankman-Fried’s lawyers, in their appeal to the 2nd US Circuit Court of Appeals, said Judge Kaplan was favoring the prosecution, and with that, he was compromising the fairness of the trial. They even called it a “sentence first, verdict afterwards”-type scenario, where the judge rushed the jury toward a verdict without allowing ample time for careful consideration of the facts.

The defense attorneys, however, argue that Kaplan worked to create a prejudicial atmosphere which warped the perspective of the jury, at times berating defense counsel and exhibiting incredulity toward the testimony of Sam Bankman-Fried.

The global cryptocurrency wallet market was valued at $10.28 billion in 2023, and it is expected to surpass $94.45 billion by 2033, with a compound annual growth rate (CAGR) of 24.83% from 2024 to 2033. Currently, cryptocurrency wallets account for nearly 25% of sales in the overall cryptocurrency market. According to Statista, in March 2024 alone, downloads of the largest cryptocurrency storage apps worldwide exceeded 23 million.

One of the key advantages of cryptocurrency wallets is their capacity to securely store users’ private keys or passwords, making their cryptocurrencies safe and accessible. This allows users to send and receive cryptocurrencies such as Ethereum and Bitcoin.

Crypto wallets are often the first point of contact with blockchain for most novice users as they begin exploring the world of cryptocurrency, making the quality of these wallets a crucial factor in determining whether a user continues their crypto journey. This article will review the latest and most popular crypto wallets on the market and explain why they deserve their place in our rankings.

Polygon’s (POL) new native token has officially been listed on major exchanges like Binance, marking the successful completion of the MATIC-to-POL migration. This transition automatically converted all MATIC tokens to POL. This led to the trading volume for POL surging by over 320%, according to CoinMarketCap.

The token’s price has since risen by more than 7% in the last 24 hours. Futures trading for POL will also launch on Coinbase International and Coinbase Advanced on 19 September, driving further trading activity.

This momentum indicates that the MATIC-to-POL migration will continue to gain traction. Especially following the recent developments in Polygon’s ecosystem.

The cryptocurrency market traded lower on Friday, as Bitcoin [BTC] struggled to hold levels above $58,000. Despite the downtrend, Quant [QNT] registered gains of over 5% gain to trade at $75 at press time.

This is its highest price in nearly three months.

Quant has also been one of the top market performers over the past week, with its seven-day gains at 28% at press time.

However, given the uncertainty across the broader market, will QNT’s rally progress?

On-chain data is positive
On-chain data suggested further tailwinds for Quant price. Traders have been withdrawing QNT from exchanges at a higher rate than they have been depositing, as seen on CryptoQuant.

Bitcoin [BTC], at the time of writing, was flashing signs of potential bullish momentum, with the Puell Multiple dropping below 0.4. This coincided with a golden cross forming on the 2-month chart. These indicators, along with on-chain data, suggested that Bitcoin may be preparing for a significant price move. A closer look at the data is important to assess whether Bitcoin is really ready for a rally.

For example – The Puell Multiple fell below 0.4, indicating that Bitcoin miners are earning far less than their historical average. This was noted by analyst Ali Martinez on X (formerly Twitter). This metric has historically been associated with market bottoms, signaling that Bitcoin could be undervalued.

When miners earn less, they are less likely to sell. This reduces selling pressure in the market and often precedes a price recovery.

A whale purchased 1,062 Bitcoin on Binance, increasing their holdings to 10,043 BTC, now valued at $600 million. The whale’s substantial Bitcoin holdings place them among the largest individual investors in the market. Bitcoin’s price saw a 3.27% increase, reaching $60,019.18, with a market cap of approximately $1.19 trillion.
A transaction was recorded on Binance as a whale purchased 1,062 Bitcoin, valued at approximately $64 million. This transaction has brought the total holdings of this particular whale to 10,043 BTC, now worth an estimated $600 million.

Major BTC Purchase on Binance
The addition of 1,062 BTC on Binance, one of the cryptocurrency exchanges globally, has shown continued interest in BTC among major investors. The whale, already a powerful holder, increased their Bitcoin holding with a single purchase valued at $64 million.

Whale Holdings Reach New Heights
With this latest purchase, the whale now holds a total of 10,043 BTC as noted by Ash Crypto via the X Space. Based on current market prices, this amounts to an approximate value of $600 million.

In the fast-paced world of cryptocurrency, a small investment can sometimes yield extraordinary returns. While Bitcoin (BTC) continues to serve as the foundation of the digital asset market, providing stability and acting as a store of value, altcoins often present opportunities for exponential growth. As we approach 2026, a few select cryptocurrencies are gaining traction for their potential to turn a modest $200 investment into a substantial $200,000. Here are five cryptos that could make this dream a reality—starting with a rising star, PawFury.

PawFury: The Altcoin with Millionaire-Making Potential
Among the fresh contenders in the crypto market, PawFury (PAW) is quickly gaining attention for its innovative approach and robust community support. Unlike many tokens that rely solely on temporary hype, PawFury is focused on creating a versatile ecosystem with real utility and accessibility. With dual-chain compatibility on both the Ethereum Network (ETH) and Binance Smart Chain, PawFury aims to reach a broad audience of users and investors.

PawFury has already raised over $6 million in its presale phase, with a current token price of $0.01214 and a planned listing price of $0.20. The presale offers an enticing 107% APY for staking and includes a rewarding referral program, making it an excellent opportunity for early investors looking for substantial returns. Don’t miss out—join the PawFury presale today and position yourself for significant growth by 2026!
Time’s Running Out! Click Here to Join the Biggest Crypto Opportunity of 2024!

Solana (SOL) has become a powerhouse in the blockchain space due to its high transaction speed and low costs, enabled by its unique Proof of History (PoH) consensus mechanism. Solana’s ability to handle thousands of transactions per second has made it a go-to choice for developers and projects seeking a fast and efficient blockchain. With its expanding ecosystem and increasing adoption, SOL is poised for continued growth, making it a strong contender for substantial gains by 2026.

As the cryptocurrency market prepares for its next potential bull run, investors are on the lookout for undervalued assets with the potential for massive gains. While Bitcoin (BTC) continues to be a store of value and the backbone of the crypto market, savvy investors know that the real opportunities for exponential growth often lie in lesser-known altcoins. Particularly those priced under $0.05 offer a unique chance to enter early and reap substantial rewards when the market surges. Here are five cryptocurrencies under $0.05 that are ready to take off in the next bull market—starting with a promising newcomer, PawFury.

PawFury: The Rising Star with Explosive Growth Potential
Leading this list of promising altcoins is PawFury (PAW), a project quickly capturing the attention of crypto enthusiasts. Unlike many tokens that rely on short-term hype, PawFury is focused on building a comprehensive ecosystem with real utility and accessibility. With dual-chain compatibility across the Ethereum Network (ETH) and Binance Smart Chain (BNB), PawFury is designed to attract a diverse range of users and investors.

Time’s Running Out! Click Here to Join the Biggest Crypto Opportunity of 2024!

PawFury has already raised over $6 million in its presale phase, with a current token price of $0.01214 and a planned listing price of $0.20. The presale includes an impressive 107% APY for staking and a rewarding referral program, making it a compelling opportunity for early investors seeking significant returns. Don’t miss out—join the PawFury presale today and position yourself for substantial growth by the end of 2024!
XRP is well-known for its efficiency and speed in cross-border payments. Ripple, the company behind XRP, is moving closer to resolving its legal issues with the SEC, which could pave the way for broader adoption by financial institutions worldwide. With its low transaction costs and rapid processing speeds, XRP remains a strong contender for substantial gains as regulatory clarity improves.
Polygon (MATIC) has emerged as the go-to Layer-2 scaling solution for Ethereum, providing faster transactions and lower fees while maintaining security. As Ethereum continues to grow as the foundation for decentralized finance (DeFi), the demand for Polygon’s efficient and cost-effective platform is expected to rise. MATIC remains a promising choice for investors looking for strong returns in the next market surge.

The Litecoin Network has recently witnessed an exclusive landmark development. As per Litecoin, it is reportedly processing more than 1 quadrillion hashes for each second, highlighting the increasing resilience, strength, and security of the network. The platform disclosed this huge development on its official social media account.
Litecoin Network Goes Beyond 1 Quadrillion Mark in Hashes Per Second
In its new X post, Litecoin mentioned that this remarkable hashing power denotes an unparalleled expansion. In the blockchain sector, the hashrate signifies the cumulative computational power that the transaction processing and mining consume. This exclusively deals with a proof-of-work network such as Litecoin.

A heightened hash rate points toward an additionally secure network. Thus, it becomes significantly hard for bad actors to conduct a fifty-one percent attack to control and manipulate transfers. As the Litecoin network is currently surpassing 1 quadrillion hashes every second, it displays the enormous computational resources backing the network.

The Development Denotes Litecoin’s Spiking Growth and Potential to Deal with Future Issues
This guarantees its continued stability and security. This hash rate rise additionally mirrors an expansion in Litecoin’s adoption among the crypto miners. They contribute computing power and get mining rewards in return. While being among the most established and oldest crypto assets, Litecoin has gained a resilient reputation.
It offers reliability, rapid transaction times, as well as decreased fees in comparison with Bitcoin. The increase in Litecoin’s hashing power additionally brings to the front the network’s readiness for future issues like the impending Litecoin halving episodes.