The Block
Quick Take Polygon’s mainnet upgrade is scheduled for Sept. 4, 2024, transitioning its native token from MATIC to POL following community approval. A testnet migration launched on July 17 aimed to identify and resolve potential issues before the mainnet upgrade. After the upgrade, POL will replace MATIC as the primary token for gas fees and staking.
Quick Take Franklin Templeton has collaborated with the Aptos Foundation to launch its OnChain U.S. Government Money Fund (FOBXX) on the Layer 1 blockchain. FOBXX is represented by the BENJI token, with the fund previously launched on Stellar, Polygon, Arbitrum and Avalanche.
Quick Take Increased network activity, strong partnerships, and market sentiment could facilitate a bullish outlook for Solana in October, analysts claim. Solana’s total value locked has reached approximately $5.5 billion, a multi-month high, according to DefiLlama.
Quick Take PayPal USD can now be purchased on MoonPay via all major payment methods in all supported countries, excluding Canada. PYUSD is a dollar-redeemable, payments-focused stablecoin reportedly backed 100% by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents.
QCP Capital cites optimistic indicators, despite the limited market reaction to the escalating conflict in the Middle East.The analysts pointed to Fed Chair Jerome Powell’s recent dovish comments and China’s economic stimulus measures as factors that could create a more favorable economic environment for risk assets.
Quick Take Taurus will use Chainlink’s platform to enhance tokenized assets with real-world data and enable compatibility across different blockchains. Fidelity International and crypto bank Sygnum partnered with Chainlink earlier this year.
Multiple users on Reddit claimed that they have seen numerous login attempts on their Mt. Gox accounts.The Mt. Gox. claims website currently says it is temporarily unavailable for maintenance.
Quick Take Australian Federal Police seized $6.4 million in cryptocurrency following an investigation into the alleged mastermind behind the encrypted messaging platform Ghost. The AFP-led Criminal Assets Confiscation Taskforce deciphered the suspect’s seed phrases from hardware wallet devices found at his home.
Quick Take U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday. Bitcoin fell 3.47% to trade at $61,446. Ether slid 5.89% to change hands at $2,480.
