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The Polygon blockchain’s native cryptocurrency, MATIC, spiked nearly 150% in a month. It went from a low of $0.29 to a high of $0.75, delivering stellar returns to investors. MATIC is now hovering around the $0.71 mark on Wednesday and has remained in the green for nearly five days straight. Investors more than doubled their money in just 30 days, and the altcoin is among the top-performing cryptocurrencies this month. Also Read: Ripple XRP Outperforms Bitcoin, Solana: $3.40 Soon? Source: Coingecko The altcoin is attracting bullish sentiments as investors are now looking at crossing the $1 threshold. MATIC reached an all-time high of $2.92 in December 2021 and has been unable to reclaim its lost glory for three years. Despite the recent spike in price, it is still down nearly 75% from its ATH. So, will Polygon’s MATIC rise another 100% from here and be at the top during the ongoing bull market? Let’s find out! Also Read: Vechain Skyrockets 35% Today: VET To Reach $1 Ne...

A series of unauthorized transactions on the Polygon network have been identified, leading to a loss of approximately $7 million.  The affected token, $GMEE, suffered a significant compromise, with initial investigations pointing to a lapse in access control. Since the breach was revealed, the GAMEE token has plummeted nearly 20% in the past hour.  The root of the breach appears to be the compromise of the $GMEE deployer address. Cyvers analysts told Crypto.News that the breach occurred around 6:31 PM UTC on January 22nd. They suspect that an unauthorized access to GitLab allowed the attackers to steal a staggering 600 million $GMEE token s. ALERTToday, our AI powered system has detected suspicious transactions involving @GAMEEToken on #Polygon with loss of $7M Root cause appears to be a lack of access control, possibly resulting in the compromise of the $GMEE deployer address. Attacker also withdraw significant… pic.twitter.com/NetROboTnO — Cyvers Alerts (@Cyv...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Astar Network, a Polkadot parachain, has announced an NFT campaign to celebrate the mainnet release of Astar zkEVM, an Ethereum layer-2 chain powered by Polygon technology. Astar’s NFT campaign The Astar Network’s NFT campaign, scheduled for Q1 2024, aims to celebrate the launch of the Astar zkEVM mainnet, which was built utilizing the Polygon Chain Development Kit (CDK). The campaign draws inspiration from Astar Network’s Japanese roots by using the popular Japanese capsule machines and mechanisms to award random prizes. You might also like: Astar Network launches zKatana layer-2 scaling solution on public testnet To participate in this campaign , users are encouraged to explore the projects available on Astar zkEVM. The platform offers on-chain and off-chain quests, which users can complete to earn re...

Unstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messaging apps. Unstoppable Domains (UD) has launch ed an instant messaging system for owners of Web3 usernames, according to an Aug. 23 announcement from principal engineer Aaron Quirk. Owners of .crypto, .wallet, .polygon or other UD-registered usernames can now message each other across most apps that use XMTP, including the UD iOS app and website, Coinbase Wallet, and Lens protocol apps such as Lenster and Buttrfly. The announcement clarified that the Android version of UD will not provide messaging at launch but will provide this feature soon. Unstoppable Messaging is here. Built on top of @xmtp_, now you can easily send and receive DMs with your Web3 domain. Message any wallet address or domain on XMTP-enabled platforms, including @CoinbaseWallet and @LensProtocol apps.https://t.co/oEiHMrtUiZ pic.twitter.com/DbFIjTAa7E — unstoppable.x (@uns...

Bitcoin continues to face strong resistance at $31,000 but supportive macroeconomic factors could tilt the advantage in favor of the bulls. Bitcoin (BTC) bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing down. Economists were expecting the year-on-year consumer price index to rise 3.1% but the June print came in at 3%. The month-on-month increase of 0.2% was also less than forecast. This suggests that the Federal Reserve’s rate hikes are having the desired effect. That may limit future rate hikes by the Fed. Supported by macroeconomic conditions, institutional investors seem to be turning positive on cryptocurrencies, especially Bitcoin. CoinShares report published on July 10 showed inflows of $136 million into digital investment products in the past week. That brings the total inflows of three consecutive weeks to $470 million, indicating a positive outlook. D...

Uniswap is set to launch on Polygon ’s ( MATIC ) zero-knowledge Ethereum Virtual Machine (zkEVM). Uniswap holders have until 4:42 pm GMT, April 14, to vote on the proposal. However, the proposal has reached its 40 million vote threshold, currently at 42.4 million. It is interesting to note that no single member has voted against the proposal yet.   The proposal received a majority vote from all 191 Ethereum addresses. With almost 7 million votes apiece, the Ethereum infrastructure provider ConsenSys and the financial modeling platform Gauntlet took the top two spots in the voting. Polygon Business Development Lead Jack Melnick wrote the proposal. Melnick explained that this is the right moment for Uniswap V3 to be available on Polygon’s zkEVM, as it is equivalent to EVM. There would be no need to recompile EVM smart contracts. What are the advantages of Uniswap being on Polygon zkEVM? According to Melnick, the integration will offer off-chain transactions validation and qui...