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Polygon is reconsidering its POL ticker after community backlash favoring a return to MATIC, sparked by co-founder Sandeep Nailwal’s acknowledgment of user confusion. This debate highlights branding challenges amid the token’s price struggles, potentially influencing future adoption strategies in the Polygon ecosystem. Community sentiment strongly pushes for MATIC’s return due to its familiarity among traders. […]
The Solana inflation proposal, SIMD-0411, aims to double the annual disinflation rate from 15% to 30%, accelerating the reduction of SOL token issuance and reaching the 1.5% terminal rate by 2029 instead of 2032. This could avoid minting 22.3 million SOL, enhancing long-term supply scarcity while impacting staking yields. SIMD-0411 doubles Solana’s disinflation rate to […]
The Bitcoin USDT correlation reveals a strong negative relationship between Bitcoin’s price movements and USDT net flows to exchanges over the past two years. During Bitcoin bull runs, USDT outflows increase as investors take profits, while inflows occur amid price corrections, signaling market shifts. Net USDT outflows from exchanges align with Bitcoin price surges, often […]
Bitcoin’s recent price drop of nearly 30% from its October high of $126,080 aligns with declining poll numbers for crypto-friendly President Trump, according to economist Paul Krugman. He links the cryptocurrency’s volatility directly to Trump’s political fortunes and pro-crypto policies. Paul Krugman argues Bitcoin’s decline mirrors Trump’s weakening position in polls. Krugman highlights how Trump’s […]
BlackRock has increased its Bitcoin holdings through the iShares Bitcoin Trust (IBIT) by 14%, bringing its total to 2.39 million shares valued at approximately $156 million as of the latest quarterly filing. This move signals growing institutional interest in Bitcoin amid market recovery, with BTC surpassing $90,000. BlackRock’s Strategic Income Opportunities Portfolio boosted IBIT shares […]
Tokenized money market funds have surged nearly tenfold to nearly $9 billion since 2023, per a Bank for International Settlements report. These blockchain-based assets offer stable yields from US Treasurys but introduce liquidity risks and potential contagion in crypto markets. Tokenized money market funds represent blockchain versions of traditional short-term investment portfolios, primarily backed by […]
Apple has challenged India’s amended competition laws in court, arguing that regulators lack authority to impose fines based on the company’s global revenues for antitrust violations in its local operations. Apple filed a petition with the Delhi High Court against the Competition Commission of India’s (CCI) new penalty guidelines. The amended rules allow fines up […]
The Pentagon has identified eight Chinese companies, including Alibaba, Baidu, and BYD, as linked to China’s military, recommending their addition to the Section 1260H list to warn U.S. investors of potential risks. Pentagon’s Section 1260H list flags firms with military ties, serving as an investment alert without direct penalties. The recommendation came in a letter […]
Binance has introduced a concierge service tailored for family offices and asset managers entering the cryptocurrency market, providing personalized onboarding, support for over 100 fiat currencies, and access to structured products to simplify crypto adoption for traditional investors. Personalized support: Dedicated managers guide high-net-worth clients through crypto navigation. Comprehensive tools include real-time analytics and institutional-grade […]