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Polygon Upgrades MATIC to POL, Integrates More Features to the New Native Token

Polygon’s anticipated native token upgrade is here, marking a critical milestone for the Polygon 2.0 vision. The Polygon network successfully introduced its new native asset, POL, in a much-awaited move for the blockchain’s users and onlookers. With that, POL has replaced MATIC—the network’s native asset since its genesis. MATIC holders can claim POL 1:1 if their holdings have not already been converted to POL. In an X post, the official Polygon account explained, “There is no deadline for...

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US Companies Forecast to Buy $10.3 Billion in Bitcoin Over the Next 18 Months

A new report suggests that US companies are expected to purchase $10.3 billion worth of Bitcoin over the next 18 months. This shift is part of a growing trend in corporate treasury strategies, with companies looking for better ways to preserve their wealth amid inflation concerns. Some of the criticisms made by River analysts included that conventional corporate treasury management focused on cash and cash-like instruments lose value in the long run. Still, such investments can guarantee a...

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VanEck Reveals Plans to Close Ethereum Futures ETF

VanEck has decided to close and liquidate the VanEck Ethereum Strategy exchange-traded fund (EFUT) after carefully considering several factors, including the fund’s performance, liquidity, and investor interest. The company has given its shareholders until September 16th, 2024, to dispose of their shares before the fund is taken off the exchange. The Board approved the liquidation of Trustees of VanEck ETF Trust on September 5, 2024. The Ethereum Futures ETF (EFUT), which is traded on the...

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Binance Kazakhstan Receives Regulatory Consent for Full License

Binance Kazakhstan has received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license. This is a significant step towards achieving a fully regulated Digital Asset Trading Facility (DATF) status, the first of its kind in Kazakhstan. This was after a rigorous and step-by-step assessment that involved financial audits, ISO certifications, and internal and external assessments. It should be noted that the AFSA, the regulator of financial and...

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Tonkeeper Launches NFT-Packed Adventure Campaign with $1,000 STON Prize Pool

Users can win a portion of $1,000 STON and exclusive NFTs by completing tasks. Over the course of three seasons, the initiative aims to promote deeper interaction with Tonkeeper. Tonkeeper, the most prominent non-custodial wallet in the TON ecosystem, has started the Tonkeeper Adventure, a multi-phase community participation initiative. Effective September 5, users may receive special NFTs and a share of the $1,000 STON prize pool by performing app-based tasks. The campaign aims to assist...

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