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Polygon Launches New Token, Crypto Terrorist Financing Overblown

Oct 26, 2023
Market Update U.S stocks have continued to decline, with the S&P falling 0.6% and the Nasdaq down 1.2% at writing. This week, lackluster earnings and outlooks from the tech sector have negatively impacted the market, with firms like Alphabet and Facebook not performing well post-earnings announcements. On a brighter note, the U.S economy exceeded expectations in the third quarter, growing at an annualized rate of 4.9%. The dollar has turned higher, trading at 106.8, while long-term yields are still near recent highs. $BTC is seeing its first daily decline in a week, pulling back 2.4% to trade at $34k. $ETH is similarly pulling back 1.6% to $1.78k. Crypto investors are venturing further on the risk curve as meme coin $DOGE outperforms in the top 10 (+3.8%). $PEPE has outperformed among the top 100, rising 85.2% over the last week. One known heuristic for finding near-term tops is seeing which kinds of projects are outperforming, with $BTC known to lead initial impulses and the market rotating to meme coins toward the end of a move.The $POL token's smart contracts have been activated on the Ethereum mainnet, marking a step towards Polygon's transition to its 2.0 version. This move comes after a suggestion for a token upgrade from $MATIC to $POL, aiming to unify all Polygon-based n

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