Polygon has upgraded its native cryptocurrency to the new Polygon Ecosystem Token (POL) as of September 4, effectively transitioning from MATIC on a one-to-one basis. This update positions POL as the main gas and staking token within the network, according to an announcement shared. Marc Boiron, CEO of Polygon Labs, highlighted the upgrade’s potential to […]
Anticipated Federal Reserve interest rate reductions could precipitate a significant decline in Bitcoin prices, contrary to what many might expect, according to market analysts. Bitfinex’s team, in a recent advisory, suggested that Bitcoin could see a downturn of 15-20%, potentially lowering its value to between $40,000 and $50,000. This forecast is particularly noteworthy as September […]
Nvidia experienced a significant market downturn, losing approximately $280 billion in market value following an antitrust subpoena from the U.S. Department of Justice (DOJ). This marked the largest single-day loss in U.S. stock market history, with Nvidia’s shares plummeting 9.5% to close at $108 on September 3, according to data from Google Finance. The stock […]