The new native token of Ethereum scaling solution Polygon has gone live on Ethereum mainnet. 

Polygon first revealed its intention to revamp its native MATIC token in July this year. This new token is designed to support a vast ecosystem of various zero knowledge layer-2 chains through a native re-staking protocol.  

This means that POL holders will be able to use the token to validate various chains across Polygon, including Polygon PoS and Polygon zkEVM. 

Polygon PoS is currently one of the largest blockchain ecosystems today. It has a $758.28 million total valued locked (TVL) and a stablecoin market cap of almost $1.7 billion, according to information available on DeFiLlama….

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Crypto fund Galaxy Digital projects a 74% spike in the price of Bitcoin BTC/USD next year if a U.S.-regulated spot Bitcoin ETF is approved.

Galaxy’s research underscores that a spot ETF would not only offer direct exposure to Bitcoin but also boast advantages over current investment options.

Join the conversation at Benzinga’s Future of Digital Assets conference on Nov. 14. Industry experts will convene to discuss the future trajectory of digital assets.

As of Sep. 30, Bitcoin investment products held approximately 842k BTC, valued at around $21.7 billion. They currently come with notable disadvantages — high fees, low liquidity, tracking error, and limited accessibility.

A Bitcoin ETF,…

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Sam Bankman-Fried’s attorney Mark Cohen on Wednesday said the FTX founder will be testifying in court.

This update comes just ahead of the highly anticipated Benzinga’s Future of Digital Assets conference on Nov. 14. The conference, set to delve into the trajectory of digital assets, is likely to discuss the ramifications of such high-profile testimony on the future of the industry.

In addition to Bankman-Fried, Cohen mentioned that three other witnesses would be presented, including a lawyer from the Bahamas, according to the Twitter account Inner City Press, which is posting from inside the courtroom. 

There’s a possibility that finance expert Joseph Pimbley might be stipulated out,…

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Over the past 24 hours, Toncoin’s TON/USD price has fallen 3.84% to $2.13. This is opposite to its positive trend over the past week where it has experienced a 4.0% gain, moving from $2.05 to its current price.

The chart below compares the price movement and volatility for Toncoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Toncoin’s trading volume has climbed 19.0% over the past week along with the circulating supply of the coin, which has…

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Lido DAO’s LDO/USD price has increased 6.58% over the past 24 hours to $1.92. Over the past week, LDO has experienced an uptick of over 26.0%, moving from $1.5 to its current price. As it stands right now, the coin’s all-time high is $7.30.

The chart below compares the price movement and volatility for Lido DAO over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 133.0% over the past week. while the overall…

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Sam Bankman-Fried will take the stand and testify, his attorneys told Judge Lewis Kaplan and the prosecution during a telephone conference Wednesday. 

The defense expects Bankman-Fried’s direct testimony to take most of the day Thursday. The government has indicated that they expect to rest their case Thursday morning after calling one last witness, an FBI agent. 

The FBI agent is expected to be on the stand for less than an hour, counsel from both sides agreed Wednesday. 

In a motion filed Tuesday evening, the government noted that the defense has provided a list of six witnesses. On Wednesday, lead defense attorney Mark Cohen told Kaplan that they intend to call three witnesses,…

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In the vast expanse of the financial cosmos, 2022 emerged not just as another year but as a defining moment for the cryptocurrency industry.

Traditional financial behemoths, with their centuries-old legacies, observed from the sidelines, their interest piqued yet their caution was evident.

Meanwhile, a new breed of crypto companies, fueled by vision and significant funding, carved out their legacies.

As we transition into the final quarter of 2023, let’s journey back and trace the trajectories of these crypto luminaries.

Amid the backdrop of crypto’s quickly evolving landscape, the industry’s attention will also be captured by a significant event on the horizon. Benzinga’s Future of Digital…

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