#HK #hashkey

Just In: Hong Kong compliant exchange Hashkey opens #MATIC/USD and #AVAX/USD trading pairs to professionals.

Ordinary retail investors can trade #BTC #ETH #USDT and #USDC.

Previously, the US SEC had listed a large number of L1 tokens such as MATIC AVAX SOL as securities.

• HashKey • Wu

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#CoinEX #hack

The crypto exchange CoinEX is suspected of being hacked, and so far its #ETH, #TRX, and #MATIC hot wallets have lost more than $27.8 million.

• Wu

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#MATIC

Polygon releases proposals on 2.0 upgrade and POL token migration

The three proposals

The first among the three proposals, PIP-17, outlines “Phase 0” of Polygon 2.0. The primary aspect of this proposal is to ensure that no action will be required from end-users and developers on the existing Polygon PoS and Polygon zkEVM chains during the upgrade.

Secondly, PIP-18 proposes the implementation of the POL token, which is intended to replace the existing MATIC token as the native gas and staking asset of the Polygon ecosystem.

Thirdly, PIP-19 calls for upgrading the native gas token on Polygon PoS from MATIC to POL in a manner that ensures maximum backward compatibility.

The final Polygon 2.0 upgrade is expected next year.

• The Block

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#markets

Sep. 2023. #Top10 by Mcap.

#TON - 9 place and $8.4B Mcap, very close to DOGE, ADA.
#MATIC lost a little less than half of its capitalization...
#XRP lost ~$20B of its Mcap…

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#MATIC #BIG

#POL already on Bybit, soon on Binance…

Breaking News: The $POL Token Splash is Here!

• Bybit

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#markets

GM…

The phase is desperation…

🟢 #CFX Liquidated Short: $229K at $0.154
🔴 #LOOM Liquidated Long: $247K at $0.100
🟢 #MATIC Liquidated Short: $626K at $0.649
🟢 #CELO Liquidated Short: $313K at $0.488
🟢 #GMT Liquidated Short: $124K at $0.171

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#PBC

Palm Beach Confidential’s vision…

THE TOP FIVE COINS FOR ESCAPING THE DOLLAR COLLAPSE

Action to Take: Buy Lido DAO (#LDO).
Action to Take: Buy Rollbit (#RLB).
Action to Take: Buy Chainlink (#LINK).
Action to Take: Buy Optimism (#OP).
Action to Take: Buy Polygon (#MATIC).

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#MATIC

Main announcement for today🎉🎉

@Flipkart, the largest ecommerce and one of the largest payments companies in India is launching an ecosystem chain with @0xPolygon CDK.
This is an game changer for Web3 ecosystem in India. It not only has the potential to attract the top fintech entrepreneurs in India to build Web3 but it also might encourage many other top Enterprise and consumer brands to build their appchains.

• MATIC

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#COIN #nwsmkr

COIN has released a huge report with its market vision for 2024. We have certainly studied it and also prepared a translation. We'll do an overview of it here on the channel, but in 4 parts...

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KEY THEME 1: THE NEXT CYCLE

Bitcoin hegemony
Digital asset selection has transitioned towards higher quality names, leading bitcoin dominance to steadily increase above 50% for the first time since April 2021. The main reason is ETF applications from major players, which confirms the promise of cryptocurrencies as a new asset class.
Bitcoin's originality helped it outperform traditional assets in 2H23, and Coinbase expects this trend to continue next year. The upcoming halving will support interest in BTC.

A new trading regime
Over the past crypto winter, there has been a fair amount of infastructure, layer-2s, restaking, ZK proofs, etc. Now the focus of market participants will shift more to real projects that will help attract mass users.
Many rely on web2 analogs - games, payments or social networks, but #DePin and #DeComp are also interesting.

The layer-1 equilibrium
Ethereum's dominance among smart contract platforms remains unwavering. Moderate activity in the onchain over the past two years has reduced demand for "general purpose" #L1 alternatives, so L1s have begun to divide into sectors. Some are focused on #gaming or #NFT (#BEAMX, Blast, #IMX, for example), while others are aimed at #DeFi (#dYdX, #OSMO) and/or institutional participants (#AVAX's Evergreen subnet, #Kinto). Modular blockchains are emerging (#TIA) and this trend will continue into 2024.Other EVM-compliant L1s are choosing to focus on executing smart contracts, moving to Ethereum L2, such as #CELO. #SOL is an important part of crypto. The value of these blockchains ultimately still comes down to what projects are built on them and how much they are in demand.

The evolution of layer-2s
The rapid development of #L2 has not led to a decline in activity in the core ETH network, but a drag on activity from Alt L1. Good solutions #OP Stack, #MATIC CDK and #ARB Orbit have emerged, allowing people to build their rollups faster. Modular L2s are emerging. #Eclipse relies on (1) Solana Virtual Machine (SVM) for transaction execution, (2) Celestia for data availability, (3) Ethereum for computation (security), and (4) RISC Zero for zero-knowledge fraud proofs.
Since the Cancun (#Dencun) fork is also just around the corner in 1Q24, we may also see a reduction in transaction fees for L2s settling in Ethereum.

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→ COIN • site • pdf

→ nwsmkr • full pt.1

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#MATIC #RWA

Introducing Libre, Polygon CDK-Powered Institutional Web3 Chain for Alternative Assets

WebN and Laser Digital are launching a new institutional Web3 infrastructure regulated institutions worldwide can use to create and issue their own onchain tokenized assets

Libre, a new alternative investments infrastructure designed for asset managers and distributors, is launching a dedicated chain built with Polygon Chain Development Kit (CDK) to enable unparalleled access to global alternative investment funds.

Libre will go live in Q1 2024 and has partnered with several top-tier global distributors. Access for distributors is simplified through API connectivity, which enables seamless integration into Libre’s comprehensive suite of wealth management services, data and infrastructure.

Libre joins a growing number of projects already using and testing Polygon CDK, including OKX, Astar, Canto, Gnosis Pay, Immutable, Palm Network, and IDEX. Polygon CDK makes it easy for developers to design and launch ZK L2s on Ethereum. In the future, Polygon CDK-deployed chains can be interoperable and unified within a broader web of ZK-powered L2s in the Polygon ecosystem.

• LIBRE • MATIC

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