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Polygon's Daily Active Addresses Decline, MATIC Price Up by Over 6% Amidst New Announcements and Launches

June 23 (Cointime) - Polygon's daily active addresses have decreased, leading to a decline in daily transactions. However, the blockchain has recently made several new announcements and launches that could benefit its situation. MATIC's price has increased by over 6% in the past 24 hours, and its investors are enjoying the benefits of the bullish market.

Polygon's MATIC Price Attempts Recovery, Could Rise Further Towards Resistance Levels

June 22 (Cointime) - Polygon's MATIC price is attempting to recover after a major decline from above $0.80. The price is currently trading above $0.64 and the 100 simple moving average (4 hours), with a potential rise towards the $0.725 and $0.750 resistance levels.
AI

Polygon Introduces AI Interface To Aid Developers Building Decentralized Apps on Its Network

June 21 (Cointime) - Polygon, a scaling solution for Ethereum, has launched an artificial intelligence interface called Polygon Copilot, powered by OpenAI's ChatGPT.

Polygon ($MATIC) Price Breaks Down from Long-Term Structure: What's Next After 50% Drop in 10 Days?

June 20 (Cointime) - Polygon's (MATIC) price has broken down from a long-term ascending parallel channel, indicating the end of the previous upward movement. The weekly time frame technical analysis for MATIC is bearish, with the Relative Strength Index (RSI) below 50 and falling.

Interest in Polygon's zkEVM, StarkNet, and zkSync Era Surges While MATIC Fluctuates: Concerns Raised Over Declining Network Growth and Trading Volume

June 20 (Cointime) - Interest in the zkEVM sector, including Polygon's zkEVM, StarkNet, and zkSync Era, has increased, with daily active addresses and Total Value Locked (TVL) on the rise. This growth can be partly attributed to the anticipation of token AirDrops, but activity on the Polygon zkEVM has not been driven solely by this.

Rocket Pool's rETH Integration on Polygon Opens New Opportunities for Growth in DeFi Sector

June 18 (Cointime) - Rocket Pool's integration of rETH on Polygon presents new growth opportunities in the competitive DeFi sector, with the performance of Polygon's DEXes and MATIC token's market sentiment influencing its trajectory.

Crypto Investors Remain Jittery as Bitcoin Dips to Three-Month Low and Tether Deviates from $1 Peg

June 16 (Cointime) - Bitcoin and major altcoins remained stagnant after a dip to a three-month low, causing concern among crypto investors. Tether's USDT stablecoin was knocked from its $1 peg due to market sell-offs on Uniswap and Curve pools. The US Securities and Exchange mentioned MATIC, the token of the smart contracts platform Polygon, among 19 cryptocurrencies in its lawsuits against Binance and Coinbase.

XRP Investors Disappointed by Lack of Regulatory Clarity in Hinman Docs, Cardano and Polygon Show Resilience Amid Regulatory Uncertainty

June 15 (Cointime) - The release of the "Hinman docs" related to the SEC's case against Ripple Labs did not provide the expected regulatory clarity for XRP investors, leading to a brief surge in value followed by a fall. While the documents shed some light on the SEC's internal communications regarding cryptocurrencies, their practical impact on XRP's legal and regulatory status was minimal.

Polygon Labs Challenges SEC's Proposed Definition of 'Exchange' for DeFi Platforms

The SEC is planning to amend old legislation to include decentralized finance exchanges, but Polygon and other DeFi platforms are objecting to the broad and harmful terminology that doesn't apply to decentralized blockchains. Polygon Labs submitted a response to the SEC's proposed rulemaking, stating that the new proposal threatens the existence of permissionless blockchain networks in the US.

NFT Inspect Launches Twitter-Based NFT Tracking Tool

NFT Inspect, a premier NFT analytics platform, has launched a new Twitter-based PFP tool that allows users to track the movements of a given profile picture NFT as it travels around the social media platform. The application is available as a Chrome extension and a web client, providing information on static Ethereum, Polygon, and Solana NFTs currently circulating on Twitter.