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Manta Network has unveiled its strategic decision to adopt the Polygon Chain Development Kit (CDK) for the network’s future development.  The Polygon CDK is an open-source toolkit designed for the creation of zkEVM Layer 2 solutions. Consistent growth trajectory Following this announcement, developers now have access to the Universal Circuits, a versatile library of zero-knowledge (ZK) circuits explicitly tailored for versatile applications and decentralized application (dApp) creation.  Manta Network is partnering with @0xPolygonLabs to transition #MantaPacific to a zkEVM using Polygon CDK. Learn more about what this means for you. Read the news: https://t.co/SnYANTfRbd pic.twitter.com/q2mzKMNX73 — Manta Network (,) #MantaFest (@MantaNetwork) October 16, 2023 Co-founder of Polygon Sandeep Nailwal expressed enthusiasm about this integration, emphasizing the synergies between Manta Pacific, the Modular L2 with ZK-as-a-Service and the expanding Polygon ZK-p...

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chain s. The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. According to the announcement shared with Cointelegraph, POL’s utility will span all the Polygon protocols, which includes Polygon PoS, zkEVM and Supernets. Sharing details about the anticipated upgrade, the announcement read: “Primarily, it enables the pool of protocol participants, i.e. actors to scale to support thousands of Polygon chains without sacrificing security.” The utility of POL revolves around validators, with the goal of aligning and i...

Bitcoin's market dominance index has failed to sustain above 50% since April 2021 — so will this time be any different? Bitcoin's (BTC) percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week's altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC's weight against other cryptocurrencies, reached 49.29%, slightly down from its two-year highs of 49.66% seen earlier this week.  BTC.D daily price chart. Source: TradingView BTC not an "unregistered security"  The surge in Bitcoin dominance comes after the United States' Securities and Exchange Commission's (SEC) lawsuit against the crypto exchanges Binance and Coinbase. In its court filings, the commission accused many leading altcoin s, including Cardano (ADA) and Solana (SOL), of being "unregistered securities." Related: SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video Bitcoin's market share ty...

According to Whale Alert, a whale has recently moved 52,052,832 Polygon (MATIC) tokens from Binance US to an unknown wallet. The value of the tokens moved is around $42.08 million. 52,052,832 # MATIC (42,082,720 USD) transferred from #BinanceUS to unknown wallethttps://t.co/BVAuWnyIsD — Whale Alert (@whale_alert) June 7, 2023 The reason for the move is most likely because of the U.S. SEC’s (Securities and Exchange Commission) move against Binance and Coinbase. In its lawsuit against Coinbase, the SEC named Polygon (MATIC), Solana (SOL), and Cardano (ADA) as unregistered securites. Other tokens named in the suit include FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The suit may have spooked the whale into removing the tokens from Binance’s American arm. The whale currently faces uncertainty from two ends. Firstly, the Polygon ( MATIC ) tokens were on Binance, which has been slapped with a lawsuit. Secondly, the whale was holding a token which has been called an unregiste...