Polygon Labs Releases Three Proposals Regarding the Polygon 2.0 Upgrade and POL Token Migration | Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Binance appoints Rachel Conlan, its VP of Global Marketing, as CMO. The Chief Risk Officer and head of Legal are leaving Binance.US.
• Binance has announced updates to its Fiat Liquidity Provider Program, slated to come into effect from 25th September 2023.
• OKX unleashes bold compensation plan amidst unprecedented contrac t price turmoil.
• OKX Web3 Wallet has been launched to support a decentralized P2P market. OKX's P2P crypto market allows users to trade any cryptocurrency across six chains.
• Bybit’s co-founder, Ben Zhou, stated the exchange’s commitment to regulatory compliance and that negotiations with the UK authorities on the “best solution” for all parties are ongoing. Bybit intends to stay in the UK for the long term.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2.Cryptocurrency Trends:

• Judge has ruled that bankrupt exchange FTX can sell, stake and hedge its crypto holdings, which it said are worth over US$3.4 billion, including about US$1.2 billion in SOL tokens, US$560 million in Bitcoin, and US$192 million in ETH.
• Coinbase co-founder and CEO: "My hope is these DeFi protocols take these cases to court to establish a precedent."
• Huang Licheng proposes using 11 million APE to purchase Yuga assets and issue DAM token. Voting starts tomorrow.
• Vitalik Buterin: Crypto-based solutions have the potential to be more decentralized, privacy-preserving and secure than the current Web2 landscape.
• Banana Gun announced that it has refunded approximately 740 ETH to 591 addresses who purchased BANANA tokens after the snapshot.
• SWIFT is currently testing interlinking CBDC solutions with three central banks and monetary authorities, including the Hong Kong Monetary Authority (HKMA) and the National Bank of Kazakhstan.
• ZetaChain to launch mainnet and discontinue its Swap app.
• Polygon has released three proposals regarding the polygon 2.0 upgrade and POL token migration.

3.Financing Trends:

• French fintech company Fipto closes a EUR€15 million in a seed round led by Serena Capital and Motier Ventures.
• EY announces launch of artificial intelligence platform EY.ai following US$1.4b investment.
• Paradigm partner said that the company will not abandon its investments in the crypto sector. Instead, Paradigm plans to raise a US$1 billion fund by the end of this year or early next year.

4.Regulatory Trends:

• The Monetary Authority of Singapore has issued nine-year prohibition orders on Su Zhu and Kyle Davies for engaging in any regulated activity.
• SFC announced that the virtual asset trading platform JPEX is operating without a license. The police will follow up on the withdrawal of funds.