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  • Sep 02, 2024

Polygon Is Migrating From MATIC to POL: Here's Everything You Need to Know

Polygon Labs is making major strides toward the future of its network on Wednesday. On September 4‌‌, the Ethereum scaling network will complete a migration from its longstanding MATIC token to POL, which will then become the native token of its network. The migration forms an integral part of the Polygon 2.0 roadmap. Ahead of the shift, here’s a look at what to expect from the migration—and what you need to do if you’re a MATIC holder. What is the “MATIC” to “POL” migration?  The POL migration...

  • Sep 02, 2024

Bitcoin Could Go Lower Despite Fed Rate Cuts, Analysts Say

As the cryptocurrency market anticipates potential Federal Reserve interest rate cuts, analysts are cautioning that Bitcoin (BTC) might experience a short-term decline, challenging the conventional wisdom that rate cuts are universally bullish for risk assets. According to a September 2 report by Bitfinex, Bitcoin prices have surged by as much as 32% since the August 5 lows, with global open interest for BTC/stablecoin perpetual pairs increasing by nearly 30%. However, the size of the Bitcoin pr...

  • Sep 02, 2024

Most TON Holders In the Red as Price Keeps Falling After Telegram CEO Arrest

Toncoin’s price slipped below $5 on Tuesday, hitting a four-month low following the arrest of Telegram founder and CEO Paul Durov in France late last month. The Telegram-linked cryptocurrency, which powers The Open Network (TON), is officially separate from the messaging app. Still, TON has roots with Telegram’s CEO, and it serves as the backbone for Telegram’s crypto features, such as in-app, digital wallets. Over the past day, Toncoin’s price had fallen 4.1% to $4.95, showing a 26% loss over t...

  • Sep 02, 2024

Nvidia Market Cap Drop Sets Record as Tech Stocks Fall

The first trading day of September was awash in red, with the Dow Jones Industrial Average down more than 600 points and the technology sector hard hit. Once high-flying Nvidia (NVDA) led the losses, although Apple, Microsoft, and Google were also down for the day. Nvidia (NVDA) suffered the most during the Tuesday bloodbath, with its stock plunging 9.53% to $108 from its open at $116.02. The drop brought a massive contraction in the company's total market cap. The $270 billion fall from $2.92 t...

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