Cryptocurrency
Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals

Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0.
The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution and proving layers all play a role in creating an interconnected ecosystem of chains that enable fast value transfer and information sharing.
1/ The wait is over. Polygon 2.0 implementation kicks off now with the release of 3 Polygon Improvement Proposals (PIPs), and a roadmap for Phase 0.https://t.co/gk7FW0zCpc pic.twitter.com/YJo3BtQy4y
— Polygon (Labs) (@0xPolygonLabs) September 14, 2023
Polygon co-founder Sandeep Nailwal recently unpacked how the ecosystem aims to become the value layer of the internet by using zero-knowledge (ZK) technology to provide low-fee, high-throughput performance to the wider Ethereum ecosystem.
Polygon released three Polygon Improvement Proposals (PIPs) on Sept. 14 for community consideration and voting that are earmarked to begin taking place in the final quarter of 2023.
Related: Polygon’s ‘holy grail’ Ethereum-scaling zkEVM beta hits mainnet
The PIPs outline technical details for “Phase 0” of the establishment of a network of interconnected ZK-powered layer-2 chains that scale Ethereum. This includes a proposal for the transition and specifications that will see MATIC (MATIC) tokens become POL tokens, which will become the Polygon proof-of-stake (PoS) protocol’s native token.
PIP-17 will include the initiation of the upgrade from MATIC to POL. This includes its transition to POL as the native gas token and staking token for the Polygon ecosystem, as well as the launch of the staking layer and migration of Polygon public chains.

PIP-18 includes the technical description of POL tokens as well as accompanying contracts that will handle emission and token migrations. POL tokens can be migrated at a 1:1 ratio from existing MATIC tokens. The PIP notes an initial supply of 10 billion and a yearly emission of 2% equally distributed between validator staking rewards and a community treasury.
Lastly, PIP-19 proposes the update of the native gas token on Polygon PoS from MATIC to POL while ensuring maximum backwards compatibility.
Polygon’s announcement notes that PIP-19 will not change contracts on Polygon PoS, while the properties of the protocol’s native token will not change either. However, contracts on Ethereum that are awaiting MATIC from the native MATIC bridge may be affected by the upgrade.
Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable
Cryptocurrency
XRP Drops Following Ripple’s Latest Setback in SEC Legal Battle

TL;DR
- US District Judge Analisa Torres has ruled against the SEC and Ripple in their joint motion filed earlier this year.
- The legal case between the two, which started over four and a half years ago, has yet to reach a conclusive end despite Garlinghouse’s announcement in March.
JUST IN: Judge Torres has denied @Ripple and the @SECGov joint motion for an indicative ruling. pic.twitter.com/iPzD4aMG1H
— Eleanor Terrett (@EleanorTerrett) June 26, 2025
Recall that Judge Torres denied the joint motion filed by the two in May as well and set a new deadline for June 16 by which date Ripple and the agency had to refile by fixing all prior inconsistencies.
However, the latest update on the matter is another disappointment for both sides as the Judge has rejected the joint motion for an indicative ruling.
Ripple and the SEC had reached an agreement between each other, as the company had to pay a relatively minor penalty of $50 million, which is a lot less than what the agency initially sought ($2 billion) or the original ruling ($125 million).
Back in March, Ripple CEO Brad Garlinghouse triumphantly announced that the lawsuit had ended after over four years. However, the case continues, at least for now.
XRP’s price continues to drag as it has failed to capitalize on the overall market improvement in the past few days. The asset is down by over 3% on a daily scale, and trades well below $2.15.
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Cryptocurrency
Last Time Bitcoin Did This, the Price Went From $60K to $100K

Bitcoin (BTC) could be primed for a surge to $160,000, according to a key on-chain metric that foreshadowed two other record-breaking rallies.
This bullish outlook is emerging even as BTC battles volatility near $108,000, a psychological threshold tested amid geopolitical turbulence and conflicting accumulation patterns.
The Accumulation Blueprint
In his latest analysis, market watcher Axel Adler Jr. pointed out that Bitcoin’s Long-Term Holder (LTH) to Short-Term Holder (STH) ratio shows a very familiar accumulation pattern.
According to him, some of BTC’s most explosive rallies between 2023 and 2025 were preceded by sustained LTH/STH growth. One of the runs, which started when Bitcoin was trading around the $28,000 level, saw the king cryptocurrency go all the way to $60,000. Another LTH/STH ratio uptick provided enough momentum to push BTC from $60,000 to $100,000.
Adler has noted the same signal flashing at the $100,000 level:
“Today, at the $100K mark, we again see sustained growth in the LTH/STH ratio,” noted the expert. “This accumulation phase could last 4-8 weeks, after which, by analogy with previous cycles, a powerful upward reversal is likely.”
Applying a conservative 1.6x multiplier to Bitcoin’s current price, he projects a $160,000 target by the end of August.
Giving more credence to the outlook, prominent trader Titan of Crypto identified a bull flag formation on BTC’s daily charts, suggesting a potential breakout to $137,000. He added that the MACD indicator was also on the verge of a bullish crossover, a move often viewed as a trigger for price momentum shifts.
Technical and historical indicators also bolster Adler’s thesis. For instance, the Bitcoin Rainbow Chart places the crypto asset firmly in the “BUY” zone, a scenario comparable to November 2020, just prior to it setting off on a 450% ROI surge, and May 2017, before the same metric boomed 1,400%.
Market Outlook
This activity coincides with broader geopolitical and market forces. On June 25, Bitcoin briefly touched $108,000 following remarks by U.S. President Donald Trump on easing tensions in the Middle East.
Prices have since cooled slightly, with BTC changing hands at around $107,653 at the time of this writing. While a modest 0.7% gain in the last 24 hours, the price reflects a 1.8% monthly dip.
Still, the asset’s nearly 3% uptick in the last seven days puts its performance slightly ahead of the rest of the crypto market, which only managed to go up 1.6% in that period. However, the sideways movement saw BTC underperform versus tech stocks like Nvidia (+9.15%) and Oracle (+32.5%), raising questions about capital rotation.
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Cryptocurrency
Not Just TRUMP: MELANIA-Linked Wallets Offload Large Holdings Amid 98.4% Price Dump

TL;DR
- The team behind the second meme coin linked to the First Family has also been disposing of a large portion of the token in the past several months.
- According to on-chain data shared by Lookonchain, they have already sold more than 8% of the total MELANIA supply.
The #Melania meme team sold 82.18M $MELANIA(8.22% of total supply) over the past 4 months across 44 wallets, cashing out 244,934 $SOL($35.76M).
Most of the $MELANIA tokens were sold through adding and removing liquidity.https://t.co/EJYWtbB5aE pic.twitter.com/gtmRdkNq1y
— Lookonchain (@lookonchain) June 25, 2025
The post indicates that the team has cashed out over $35 million in MELANIA over the past four months from 44 wallets related to them.
Within this timeframe, the meme coin related to the FLOTUS experienced a massive price dump. It peaked at $8.5 hours after its launch but quickly started to lose value.
In the past 24 hours, the asset has plunged to $0.2, which represents a 98.4% price dump within just several months.
Thus, the MELANIA team has followed the example set by those operating the TRUMP token. CryptoPotato reported numerous times in the past that wallets linked to the POTUS meme coin had disposed of enormous portions of the token.
The most recent example was quite controversial as it came just hours before the US launched a missile attack against Iran, after which the entire crypto market turned red, including the TRUMP meme coin.
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