XRP Not Deemed a Security, Polygon Proposes "Polygon 2.0"
Crypto markets are sharply rising after a judge has ruled that Rippleâs 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 âPolygon 2.0.â Traditional markets are rallying after this morningâs PPI data came in lower than expected, coinciding with yesterdayâs soft CPI data, easing inflation fears. The SPY -0.04% and QQQ -0.01% 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.
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