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Polygon Labs Deploys Smart Contract for POL on the Ethereum Mainnet | Cryptocurrency Trends

John, Bitget Research
2023/10/26
Polygon Labs Deploys Smart Contract for POL on the Ethereum Mainnet | Cryptocurrency Trends

1.Mainstream Exchange Trends:

  • Binance resolves its technical issues and resumes crypto withdrawals.
  • Binance announces it will provide support for the impending token swap, redenomination, and rebranding of Merit Circle (MC) to Beam (BEAMX).
  • Binance to list six spot trading pairs, including ALGO/FDUSD and DOT/FDUSD, on October 26, 8:00 AM (UTC).
  • Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC+8)
Bybit:
POL — October 25, 12:30 PM.
Bitget:
GAS — October 25, 5:00 AM.
POLYX — October 25, 10:00 AM.
SPURS — available soon.
BEAM — TBD.

2.Cryptocurrency Trends:

  • Binance Labs says in a social media post that it has made a follow-on investment in CyberConnect as it sees the potential for SocialFi to drive Web3 into the mainstream.
  • FTX claims on distressed asset investment firm Cherokee Acquisition are now quoted at 50 to 53 cents on the dollar, up from last week's quotes in the 40-cent range.
  • Crypto asset manager Bitwise files a revised version of its spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst James Seyffart.
  • According to data from on-chain data aggregator Santiment, the supply of ETH held in wallets on trading falls to 8.41%, the lowest level since the creation of Ethereum in 2015.
  • According to the Cryptocurrency Fear and Greed Index, market sentiment has recovered to a level comparable to that of mid-November 2021, when the price of BTC reached its highest level since US$69,000.
  • According to official sources, Polygon Labs deploys smart contracts for POL, the project's next-gen cryptocurrency, on the Ethereum mainnet after deploying a testnet earlier in October.
  • The TVL for Scroll, an Ethereum Layer2 scaling solution, has reached US$16.19 million, representing a 204.97% increase in 7 days.

3.Financing Trends:

  • Rymedi, a Web3 medical information platform, raises US$9 million in Series A funding co-led by RW3 Ventures and White Star Capital.
  • Crypto startup Nocturne Labs raises US$6 million in seed round funding led by Bain Capital Crypto and Polychain Capital.
  • Neon Machine, a game development studio, raises US$20 million in Series A funding led by Polychain.
  • Rymedi, a Web3 medical information platform, raises US$9 million in Series A funding co-led by RW3 Ventures and White Star Capital.

4.Regulatory Trends:

  • The U.S. Internal Revenue Service (IRS) extends the public comment period for the proposed digital asset rules to November 13, 2023.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.