XRP Not Deemed a Security, Polygon Proposes "Polygon 2.0"

Name: FS Insight
Price range: $$$

Jul 13, 2023

BTC -5.15% DXY N/A% ETH -4.23% MATIC -11.79% QQQ N/A% SPY N/A% XRP -7.89%

Market Update Crypto markets are sharply rising after a judge has ruled that Ripple’s sales of $XRP do not constitute an offer of investment contracts. $XRP is up 35% following the announcement, and $BTC (+2.41%) has surpassed $31k and $ETH (+3.46%) is nearing $1,950. $MATIC (+9.80%) is outperforming today after a proposal was submitted to make MATIC a multipurpose token used to validate multiple blockchains. The proposal would have the token rebranded to $POL and would span all the Polygon protocols including Polygon PoS, zkEVM, and Supernets. The below figure shows the potential new architecture for “Polygon 2.0.” Traditional markets are rallying after this morning’s PPI data came in lower than expected, coinciding with yesterday’s soft CPI data, easing inflation fears. The $SPY and $QQQ have risen 0.51% and 0.97%, respectively while the $DXY (-0.58%) has fallen below $100 for the first time since Spring of last year.Google Play has shifted its stance on incorporating digital assets into apps listed on its store. They announced yesterday that they will now allow developers to integrate things like NFTs into games and apps. The policy change will enable unique features for developers, such as NFT loyalty programs or digital ownership of in-game assets. Companies choos

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