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ARB Comment and Price Analysis - September 29, 2025
ARB/USDT Technical AnalysisAnalyzing the ARB chart on a weekly timeframe, we observe that the descending channel structure remains intact. The price recently moved up to test the upper border of the channel but failed to hold, resulting in renewed downward pressure. As long as no breakout occurs, the price is likely to continue trading within the boundaries of the channel. Falling Wedge Formation ARB is currently trading around $0.4091. It recently surged to $0.4515 but was unable to sustain the move and reversed downward. This level now stands as the most critical short-term resistance. If the price can close above $0.4515, ARB may target the next resistance levels at $0.5046 and $0.5475. A confirmed breakout would require a strong move above the range of $0.66–$0.71. Once this range is surpassed, we can begin to talk about the mid-to-long-term technical target of the channel formation: $2.42.In a bearish scenario, $0.3558 is the first key support to watch. A breakdown below this level could lead to a retest of $0.33, and possibly the lower border of the channel around $0.28.Summary:ARB continues to trade within a descending channel.A daily close above $0.4515 is critical for short-term trend reversal.Resistance levels: $0.5046 → $0.5475 → $0.66–$0.71Support levels: $0.3558 → $0.33 → $0.28Mid-to-long-term technical target: $2.42 (if the channel breaks upward)These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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29 Sep 2025
October is Critical for SOL, ADA, LTC, and DOGE: 16 Crypto ETF Applications Nearing Finalization
The US Securities and Exchange Commission (SEC)'s decisions in October could be a critical turning point for the crypto market. As the deadlines for 16 different crypto exchange-traded fund (ETF) applications approach throughout the month, investors are debating whether a new altcoin rally is imminent.Litecoin, Solana, XRP: ETF applications have been filed for numerous altcoins.The first application to stand out on the calendar is decentralized exchange Canary's Litecoin ETF. The deadline for a final decision is October 2nd. Grayscale's request to convert its Solana and Litecoin trusts into an ETF will then be considered on October 10th. Later in the month, WisdomTree's XRP ETF application will be on the table. Bloomberg ETF analyst James Seyffart notes that the SEC could announce its decisions before the deadlines. This situation is adding uncertainty and excitement to the markets. Investors are particularly keen on popular altcoins like Solana, XRP, Litecoin, and Dogecoin. Bitfinex analysts predict that the approvals could usher in a new altcoin season by offering safe and regulated investment opportunities. ETF expert Nate Geraci says October is "a huge period for the crypto ETF market." However, the absence of applications from major players like Fidelity and BlackRock suggests that this wave could be a significant, though not yet definitive, development. Signs of a softening of the SEC's approach are also notable. With the new regulation announced on September 17, listing standards for commodity-based trust funds were updated. This step could shorten the spot crypto ETF approval process. Bloomberg's Seyffart describes this move as "the precursor to a wave of launches," while his colleague Eric Balchunas states that more than 20 crypto assets with futures on Coinbase could be included in the spot ETF process. Indeed, Hashdex's recent expansion of its portfolio to include XRP, Solana, and Stellar demonstrated the market's rapid adaptation. Major exchanges such as Nasdaq, NYSE Arca, and CBOE BZX have also updated their applications to adapt their existing Bitcoin and Ethereum ETFs to the new standards.However, criticism is not without its drawbacks. SEC Commissioner Caroline Crenshaw argues that the new regulations could bypass some key investor protections. Crenshaw stated that these products are "new and untested" and could increase risks for small investors.However, optimism prevails among market participants. Investors believe October could be a "watershed month" for crypto ETFs. Approvals could facilitate access to the spot market, generating a new influx of capital into altcoins. However, rejected applications or delayed decisions carry the potential to disappoint expectations.Consequently, October appears poised to be a test case for crypto ETFs. A succession of approvals could see significant market momentum; But cautious experts caution that this alone doesn't guarantee a sustained altcoin rally. All eyes are now on the SEC's decisions.
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29 Sep 2025
CZ-Backed Aster Reaches DeFi Top with $25 Million in Revenue
Aster has recently become a prominent name among decentralized derivatives exchanges. According to DefiLlama data, the platform generated over $25 million in trading fees in the last 24 hours, reaching the top of the daily revenue rankings. This performance allowed it to outperform its competitors, Hyperliquid and other perpetual DEXs (decentralized exchanges focused on perpetual futures). Hyperliquid earned around $3.17 million in revenue during the same period, ranking fifth.Aster Overtakes HyperliquidAster's rise is no coincidence. The platform's token launch, which took place on September 17th, attracted significant attention. Immediately following the launch, Binance co-founder Changpeng Zhao (CZ) posted social media posts, further fueling interest in the project. Zhao stated that Aster, despite competing with Binance, contributes to the BNB ecosystem and expressed his support for the project. He also emphasized that YZi Labs (formerly Binance Labs) holds a minority stake in the company. Data shows that Aster is growing rapidly not only in fee revenue but also in trading volume. With $199.9 million in spot trading volume in the last 24 hours, it ranked 13th. While Hyperliquid is ahead in terms of volume, it's noticeable that Aster is rapidly approaching. The platform, particularly with its "hidden order" feature, allows users to trade invisibly in the market. This distinguishes it from its competitors with transparent order books.Aster's roots are also noteworthy. Formerly known as APX Finance, the project merged with Astherus in March and rebranded. This merger combined its robust liquidity infrastructure with expertise in derivatives. The platform also offers multi-chain support; while initially focused on BNB Chain, it is expanding into different ecosystems with integrations to Ethereum, Arbitrum, and Solana.ASTER token on the riseToken volatility is noteworthy. The ASTER token quickly gained over 2,000% from its launch price of $0.08, reaching $2.42. Currently trading at $1.95, an 8% increase, the token has reached a fully diluted market capitalization of $15.1 billion. However, on-chain data raises questions about token distribution. Analysis suggests that the majority of the supply is concentrated in a few wallets. The fact that the largest wallet holds 44.7% of the total supply has sparked discussions about centralization. Although the distribution plan allocates significant resources to ecosystem development and airdrops, such a concentration is attracting investor attention.With its billions of dollars in volume and user base in a short time, Aster is reshaping the balance of power among derivatives exchanges. The support provided by YZi Labs and the trust instilled by CZ appear to have laid a strong foundation for the project for now. However, whether this momentum will be permanent will become clear with the interest the market will show in the coming months.
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29 Sep 2025
APT Comment and Price Analysis - September 26, 2025
APT Technical OutlookAccording to the chart, the falling channel is still valid. APT lost the support level at $4.06 and started moving toward the lower border of the channel, leading to a weak outlook in the short term.The price is currently trading around the level $3.94. Trading below $4.06 increases the downward risks. The level at $3.74 stands as the first station; below it, $3.45 and $3.16 would be on the table. Falling Channel Formation The level $4.06 can work as a key level in terms of upside moves. If the price can break above it, then it may have the potential to surge to the levels at $4.44 and $4.93. The price needs to exceed the range $5.10–$5.60 to confirm the actual breakout. If this happens, then the trend reversal may speed up.Summary:Current price: $3.94Trading below $4.06 may open the way for support levels at $3.74 → $3.45 → $3.16Trading above $4.06 may pave the way for $4.44 followed by $4.93The range $5.10–$5.60 is crucial for trend reversalThese analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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26 Sep 2025
SUI Commentary and Price Analysis - September 26, 2025
SUI Technical AnalysisAnalyzing SUI , we can see the narrowing symmetrical triangle formation. The price has been trapped between both the descending trendline from up and the ascending trendline from below. Such formations are usually known to trigger sharp price movements in the direction of the brekout.SUI is currently trading around the level $3.19. The lower border of the channel is $3.10, being a key support level in the short term. Maintaining this support level means keeping the formation valid.The first resistance zone is between the levels $3.38 - $3.55 according to a bullish scenario. We can expect the price to move toward the level $4.16 if it manages to hold above the resistance zone. Other technical targets above are $4.75 and $5.37.In case the price closes below the level $3.10, support level $2.93 followed by the range $2.54 - $2.41 would come into play. In case of deeper correction, we should be following such levels as $2.06 and $1.60. Narrowing Triangle Structure Levels to followSupport levels: $3.10 → $2.93 → $2.54 – $2.41Resistance levels: $3.38 – $3.55 → $4.16 → $4.75 → $5.37These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during the transactions.
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26 Sep 2025
What is Polygon (POL)?
Polygon (POL) is a multi-chain Layer-2 blockchain platform that aims to solve the scalability problems of the Ethereum network. Initially known as Matic Network, this project emerged in 2017 as a solution to the high transaction fees and slow speeds on Ethereum. Polygon's goal is to process transactions on sidechains outside of Ethereum, thus offering lower gas fees and higher transaction speeds. This approach allows the Polygon network to leverage Ethereum's security and ecosystem advantages while providing an environment where users can conduct transactions much faster and cheaper. This is one of the reasons for its rapid popularity within the Ethereum community. The Polygon network is currently used in a wide range of applications, from DeFi protocols to NFT platforms and large enterprise projects, and has gained a significant place in the crypto world.Let's explore questions like what Polygon is, what POL coin is, what Polygon coin does, and explore the Polygon ecosystem projects together.Definition and Origins of PolygonPolygon is a scaling solution developed for Ethereum. At its core is the Plasma infrastructure and a Proof-of-Stake (PoS)-based sidechain. This means it receives transactions from Ethereum, processes them much faster and more cheaply on its own sidechain, and connects the results back to the main Ethereum chain. This allows it to benefit from Ethereum's security while offering users low transaction fees and rapid confirmation.Over time, it evolved from a single sidechain to a multi-chain ecosystem supporting diverse scaling solutions. Today, Plasma chains, sidechains, and recently developed Zero-Knowledge Rollup technologies are all part of the same ecosystem. Thanks to this diversity, Polygon offers flexible solutions that can adapt to the needs of different projects, making its vision of becoming "the Internet of Ethereum" increasingly visible. Polygon architecture. The project was initially founded in 2017 as an India-based startup called Matic Network. The founding team consisted of four blockchain veterans: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. This team came together with the vision of providing a solution to the scalability and usability issues facing Ethereum. Prior to the project, Jaynti Kanani and Sandeep Nailwal had a deep understanding of Ethereum's technical limitations thanks to their experience in the Ethereum developer community. Their goal in designing Polygon was to improve the user experience while maintaining Ethereum's security and decentralized structure, while also providing a scalable Web3 infrastructure for developers. Launched under the name Matic Network, the project launched the MATIC token in an Initial Exchange Offering (IEO) on Binance in 2019 and successfully launched its mainnet on Ethereum in May 2020. Initially operated by the Matic Foundation, network validators were gradually transferred to third-party validators throughout 2020, increasing the network's decentralization.In February 2021, the project rebranded itself as Polygon as part of its vision to expand its scaling solutions. The transition from Matic Network to Polygon signified the project's expansion. During this period, the Polygon team announced plans to build a platform that integrates different scaling technologies beyond its existing PoS sidechain. For example, in 2021, Polygon invested in zero-knowledge proof (ZK proof) technologies, acquiring the zk-rollup project Hermez and incorporating it into its own organization under the name Polygon Hermez. That same year, it acquired another ZK project, Mir Protocol (later known as Polygon Zero). These steps signaled Polygon’s long-term adoption of zkRollup technologies and its goal of creating a multi-chain ecosystem.Polygon's History: Key MilestonesSome key milestones in the development of the Polygon (formerly Matic Network) project can be summarized as follows:2017 - Establishment: The project was launched under the name Matic Network. Spearheaded in India by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, the project aimed to address Ethereum's scalability and high fees. Fourth co-founder Mihailo Bjelic joined the team later, and the project gained international recognition.2019 - Launch and Mainnet: Polygon launched in 2019. Matic Network's native cryptocurrency, MATIC coin, was launched. The project raised funds through an IEO on Binance Launchpad in April 2019 and launched its testnets later that year. The Polygon (Matic) mainnet was officially launched on Ethereum in May 2020. Initially, all validators on the network were controlled by the Matic Foundation, but throughout 2020, external validators were gradually incorporated, making the network more decentralized.February 2021 - Transformation to Polygon: The project name was changed to Polygon. This rebranding announced Polygon's vision of expanding beyond its existing PoS sidechain solution to become a platform supporting multiple scaling solutions (Plasma, Optimistic Rollup, zkRollup, etc.). During this period, Polygon began working to enable developers to utilize different scaling tools based on their needs, without being limited to a single sidechain. With the name change, the Matic name remained for the token, but Polygon became the network's brand identity.2021 - Bull season and price peak: Usage on the Polygon network exploded during the cryptocurrency bull market of 2021. Driven by intense interest in the DeFi and NFT spaces, the MATIC token price reached an all-time high by the end of the year. In December 2021, MATIC peaked at around $2.92. During this period, Polygon became a popular alternative for users looking to avoid the high fees on Ethereum. This success was also fueled by the integration of leading DeFi protocols like Aave, Curve, and SushiSwap into Polygon, and the number of users reaching millions. The POL coin price is trading at $0.21 as of September 2025. 2022 - Major partnerships and adoption: 2022 was a year of corporate partnerships for Polygon. Meta (Facebook) announced that it would integrate Polygon on its Instagram platform to allow users to mint NFTs. Reddit launched the Avatar NFT project, which has led to the creation of more than 3 million NFT wallets on Polygon. Starbucks announced that it would use Polygon to transform its loyalty program into an NFT-focused platform. Nike built its digital collectibles platform .Swoosh using Polygon's infrastructure. Also in 2022, Disney selected Polygon for its accelerator program and began working with it on potential Web3 projects. Many global brands and companies, including Adobe, Coca-Cola, Adidas, Prada, Stripe, and DraftKings, announced their collaboration with Polygon on Web3 and NFT strategies during this period. Thanks to these major partnerships, Polygon gained significant momentum in terms of mainstream adoption, and the value of the MATIC token saw periodic increases due to this news. March 2023 - Polygon zkEVM launches: The Polygon team launched its long-term zkEVM (Zero-Knowledge Ethereum Virtual Machine) project in beta on the mainnet in March 2023. Polygon zkEVM is a zero-knowledge proof Layer-2 solution that offers the same smart contract capabilities as Ethereum, but bundles transactions into a zk-Rollup and sends them to Ethereum. This development is a significant milestone demonstrating Polygon's technological innovation. Thanks to zkEVM, Polygon not only allowed developers to run their applications as they do on Ethereum, but also achieved high security and scalability through zero-knowledge proofs. The March 2023 launch was announced with Ethereum founder Vitalik Buterin making the first transaction, and it attracted significant attention from the crypto community. June 2023 - Polygon 2.0 and POL token: In mid-2023, Polygon Labs announced its Polygon 2.0 vision, a comprehensive plan to shape the future of the project. Polygon 2.0 included a series of upgrades aimed at bringing all Polygon protocols and networks together, providing interoperability and unified liquidity across different chains. Zero-knowledge technologies (ZK) were at the heart of this vision. As part of Polygon 2.0, the existing Polygon PoS chain was also planned to be updated with ZK technology (zkValidium), providing a tighter security connection to Ethereum. The new POL token was also introduced during this period. The Polygon team announced that the existing MATIC token would be replaced by the POL token, which will have a greater role and flexibility within the Polygon 2.0 ecosystem. The technical details and governance processes for the transition from MATIC to POL were shared with the community through development proposals (PIP-17, PIP-18, PIP-19) published in June 2023. With the community's acceptance of these proposals, the Polygon 2.0 roadmap officially began.October 2023 - POL token launch: Following preparations, the new POL token was launched on the Ethereum mainnet in October 2023. On this date, the Polygon team deployed the POL token contract on Ethereum, paving the way for the transition from MATIC to POL. At this stage, no changes were made to the active operation of the Polygon PoS or Polygon zkEVM networks; users continued to transact with MATIC. The POL token launch was the first step of the updates within the scope of Polygon 2.0, referred to as Phase 0. Subsequently, as the community and validators approve it, the POL token is planned to take over functions such as gas fees and staking within the Polygon ecosystem.September 2024 - MATIC to POL migration process: The native token migration officially launched on the Polygon network in the second half of 2024. Around September 4, 2024, Polygon Labs implemented a network update that automatically converted MATIC tokens to POL tokens. This migration occurred at a 1:1 ratio, meaning 1 MATIC in users' wallets was replaced by 1 POL. The migration process was designed to require no additional user action, and all MATIC balances on the Polygon PoS chain were updated to POL at the protocol level. After approximately a year of gradual migration, by September 2025, over 99% of MATIC tokens had been successfully converted to POL. POL now serves as the primary gas fee and staking token for the Polygon network. Because this transition was made with backward compatibility in mind, applications on the network continued without interruption.2024-2025 - Polygon 2.0 developments: The Polygon team continued to work on technical innovations within the Polygon 2.0 roadmap throughout 2024. In August 2024, Polygon began announcing testing of an upgrade that will combine its existing PoS chain with zkEVM technology. In June 2024, Polygon introduced a massive treasury program built through community governance. This Community Treasury aims to provide grant support of up to 1 billion POL tokens to developers and projects over the next 10 years. In the first phase, 35 million MATIC (approximately $25 million) was allocated to this treasury, with plans to distribute approximately 100 million POL annually thereafter. This initiative was a significant step in supporting the growth of the Polygon ecosystem and stimulating new projects. By 2025, the Polygon network holds a prominent position in the blockchain world, driven by both its technical infrastructure transformation (zkEVM integration, cross-chain solutions like AggLayer) and its community-driven growth initiatives.Why is Polygon Important?The Polygon project's significant success and buzz stems from several features and advantages that make it unique and significant:Ethereum's security and low feesPolygon operates by processing transactions on its own sidechain or second layer and transmitting the results to the Ethereum main chain. This allows it to leverage Ethereum's robust security model while significantly reducing transaction costs for users. For example, while a transaction fee on Ethereum can sometimes reach tens of dollars, the same transaction can be processed on Polygon for very low fees, as low as a few cents. Furthermore, because transaction results are periodically recorded (checkpointed) on Ethereum, security is not compromised. In short, the Polygon network offers an experience "as secure as Ethereum, but much cheaper than Ethereum."High scalability and user-friendly infrastructurePolygon's infrastructure is designed to handle significantly more transactions per second (high TPS). Block confirmation times and transaction finality are significantly faster than Ethereum. This makes Polygon a standout in applications requiring high speed, such as games or real-time applications. Additionally, because Polygon is an EVM-compatible platform, it allows Ethereum developers to use familiar smart contracts and tools (Solidity, Remix, Metamask, etc.) with virtually no modifications. This developer-friendly architecture has enabled many projects to easily integrate with Polygon. As a result, users can seamlessly use the Polygon network with existing Ethereum tools without having to learn complex bridges or new wallets.zkEVM and Innovative ZK TechnologiesPolygon has become one of the pioneering projects that advanced scalability solutions, bringing Zero-Knowledge technologies to the forefront of the blockchain space. Launched in 2023, Polygon's zkEVM is significant as one of the first ZK-Rollup solutions to support all of Ethereum's smart contract capabilities. ZK-Rollups combine multiple transactions into a single proof and send it to Ethereum, both maintaining security and increasing efficiency. Thanks to Polygon zkEVM, developers have been able to migrate their dApps from Ethereum to Polygon's ZK environment without any compatibility issues. This technology plays a key role in establishing the balance between privacy and scalability in the blockchain world. Polygon's investment in zero-knowledge proofs has accelerated competition in this field and spurred other projects to adopt ZK solutions.However, it's important to note that Polygon Labs has announced its decision to terminate the Polygon zkEVM Mainnet Beta in 2025. The company took this step due to technical challenges, development delays, and an inability to fully adapt to the needs of the ecosystem. The sequencer will continue to operate for the next 12 months, and users will be able to withdraw their funds at any time. Polygon has announced that it will provide grants and technical assistance to support projects transitioning to other solutions, such as Polygon PoS, during this period.In short, the Polygon zkEVM Mainnet Beta will be completely closed next year. Top choice for DeFi, NFT, and blockchainsPolygon's flexible and affordable infrastructure makes it a popular choice for DeFi, NFT, and enterprise blockchain solutions. On the DeFi side, many major protocols, including Aave, Curve, Balancer, and Uniswap, have launched on the Polygon network alongside the Ethereum mainnet. This has allowed users to use these protocols with significantly lower fees. The total value locked (TVL) on Polygon surpassed billions of dollars in 2021, making it one of the highest TVLs outside of Ethereum. In the NFT space, marketplaces like OpenSea have integrated Polygon, and users have begun enjoying inexpensive NFT issuances. Polygon's popularity, particularly for projects like Reddit's Avatar NFTs, has provided millions of new users with their first exposure to blockchain. Polygon is also a major player in the gaming industry; many blockchain-based games and metaverse projects (e.g., The Sandbox, some integrations of Decentraland, and games like Galaxy Fight Club) utilize Polygon's infrastructure for fast and inexpensive transactions. Polygon ecosystem Global brands choose Polygon for their Web3 strategiesPolygon, which has made a name for itself in mainstream media beyond the crypto world in recent years, has become the preferred platform for many major brands and companies in their Web3 initiatives. For example, Starbucks announced that it chose Polygon for its NFT-based loyalty program, Odyssey. Meta (Facebook) also used Polygon when integrating NFTs into its Instagram platform. Reddit leveraged Polygon to distribute digital collectibles to its millions of users. Nike launched digital sneakers and apparel NFTs on Polygon. Disney opened the door to potential collaborations by selecting Polygon for its accelerator program launched in 2022. Many industry leaders, including creative tech giants like Adobe, payment companies like Stripe, and telecom companies like Telefonica, are using the Polygon network for their Web3 products and services due to its speed, cost, and scalability advantages.Who are the Founders of Polygon?So, who are the founders of Polygon? The Polygon project is driven by a visionary founding team and a strong community. The founding team, as mentioned earlier, consists of Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. Jaynti and Sandeep are well-known names in the blockchain development scene in India, while Mihailo Bjelic is a computer scientist who joined the project from Serbia. These four founders have succeeded in making Polygon a global project from day one. Jaynti Kanani's humble beginnings in Mumbai and Sandeep Nailwal's visionary work have led to Polygon being hailed as "the first major blockchain unicorn from India." The team, which began as a startup in 2017, has produced the youngest billionaires in the blockchain ecosystem, with Polygon gaining global recognition in 2021. Sandeep Nailwal's media coverage as "India's first crypto billionaire" demonstrates that the project has become a source of pride for the Indian technology sector. By bringing the best principles they learned from the Ethereum community (open source, transparency, decentralization) to Polygon, the founders were able to quickly build a solidly-founded product and a tightly knit community around it. Today, the team, operating under the name Polygon Labs, has recruited developers from around the world, and the project has grown beyond a handful of founders into a massive global organization.The Polygon community plays just as much a role in the project's success as the founding team. A community-driven development model has been an approach Polygon has embraced from the very beginning. For example, in the early stages of the network, decisions regarding validator selection and network parameters were made through discussions in community forums. The Polygon team is striving to pioneer industry-leading decentralized governance. In late 2021, a formal Governance Team was established within the Polygon team, and the "Polygon DAO" vision was announced. The goal was to establish a governance infrastructure that would ultimately hand over the governance of Polygon products entirely to the community. As a first step, an initiative called the Polygon Ecosystem DAO was launched, and in September 2021, a Genesis Team comprised of volunteers from the community was selected. This team began managing a $1 million fund to fund projects within the Polygon ecosystem and grow it. Subsequently, more than 10 projects expressed their interest in contributing to the DAO and pledged financial support. This development was a significant step in Polygon's transition to a multi-stakeholder governance model. Polygon's governance processes are currently structured around proposals called PIPs (Polygon Improvement Proposals). In a publicly accessible forum, proposals regarding the future of the network are discussed and submitted to the vote of token holders. For example, the transition from MATIC to POL was submitted to the community for approval and agreed upon through consensus through PIPs.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Polygon:What is Polygon? When was Polygon coin released?: Polygon is a Layer-2 scaling platform developed for the Ethereum blockchain. Founded in 2017 as Matic Network, it launched its mainnet in 2019. Aiming to address Ethereum's high transaction fees and slowness, Polygon has now achieved a significant position in the blockchain ecosystem with its multi-chain structure.Who developed Polygon?: The founding team behind Polygon consists of Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The project was initially launched in India by these entrepreneurs, and the team has grown internationally over time. Each of the founders is experienced in blockchain technology and has brought their experience in the Ethereum community to the Polygon project, creating this successful ecosystem. What technology does Polygon use?: Polygon began by working with a combination of the Plasma framework and a Proof-of-Stake sidechain as a Layer-2 scaling solution. This means it processes and aggregates transactions outside of Ethereum and sends root hashes to the Ethereum main chain. Today, the Polygon ecosystem also includes zero-knowledge proof (ZK)-based technologies such as zkEVM. Specifically, Polygon's zkEVM provides a secure and scalable environment thanks to ZK-Rollup while running Ethereum-compatible smart contracts. In short, Polygon combines different technologies, including both the Plasma/PoS sidechain and ZK-Rollup.What does the POL token do?: The POL token is the native cryptocurrency of the Polygon network (previously, MATIC served this role). The POL token is used for purposes such as paying transaction fees on the network, staking to secure the network, and participating in community governance (voting in governance votes). For example, when you run a smart contract or make a transfer on the Polygon network, fees are paid in POL; validators also stake POL to secure the network and earn rewards in return.Is Polygon suitable for investment?: It's important to be careful when investing in cryptocurrency. Polygon (MATIC/POL) is a project that has attracted many investors thanks to its strong technical infrastructure, low fees, and widely adopted ecosystem. The project has gained value as its use case has expanded through DeFi and institutional partnerships. However, crypto markets are highly volatile, and Polygon has experienced significant price fluctuations in the past. Therefore, before investing in Polygon or any crypto asset, you should conduct your own research, review your risk tolerance, and seek advice from financial advisors if necessary.What are the use cases for Polygon?: The Polygon network has a wide range of use cases, from DeFi (Decentralized Finance) applications to NFT platforms, blockchain-based games, and even enterprise applications. For example, leading DeFi protocols like Aave and Uniswap operate on Polygon alongside Ethereum, offering users low-fee financial services. NFT marketplaces like OpenSea integrate Polygon, enabling cheap and fast NFT trading. Reddit has created millions of NFTs on Polygon for digital collectible avatars distributed to its users. Companies like Starbucks and Nike have built customer loyalty and digital collectible programs using Polygon's infrastructure.What is the difference between the MATIC token and POL?: The MATIC token is the original token of the Polygon network and was designed to have a fixed supply of 10 billion units. POL is the next-generation token introduced as part of Polygon 2.0, replacing MATIC. Starting in September 2023, all MATIC holders will be able to exchange their MATIC for POL at a 1:1 ratio.Follow the JR Kripto Guide series for the latest developments in the Polygon network, the POL token, and the blockchain world.
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26 Sep 2025
Quant to Provide Payment Infrastructure for UK's Token Project
A significant step has been taken in the UK financial sector to shape the next generation of digital currency and payment systems. Quant has been selected to develop payment infrastructure and banking technology for the "Tokenized Sterling Deposit" (GBTD) pilot project, alongside leading banks in the country. The project is being led by UK Finance and includes participation from major banks such as Lloyds, Barclays, HSBC, NatWest, Santander, and Nationwide.Quant CEO Gilbert Verdian expressed his delight at participating in this project in a statement on social media. Verdian stated that Quant's technology, previously successfully tested in the UK's Regulated Liability Network (RLN) project, was chosen because of its ability to connect diverse payment systems and implement a "programmable money" model. According to Verdian, this project will not only speed up payments but also fundamentally transform how money is moved and managed.GBTD refers to tokenized digital versions of traditional sterling deposits. In other words, users' bank deposits will be protected by regulations and existing security mechanisms, while gaining a blockchain-based structure. This enables faster and more secure transactions against fraud.Three main use cases will be tested in the pilot phase: interpersonal payments on online marketplaces, remortgaging processes, and the direct exchange of digital assets with customer deposits. For example, tokenized deposits in marketplace transactions will increase trust between buyers and sellers and reduce the risk of fraud. In mortgage and remortgage processes, transparency will be ensured, transactions will be accelerated, and conveyancing fraud, in particular, will be prevented. Furthermore, integrating tokenized deposits with digital assets will allow for a more seamless bridge between the crypto and traditional financial worlds.The project will continue until mid-2026. During this period, the aim is to concretely demonstrate the benefits to customers, businesses, and the wider economy. Users are promised greater control, stronger fraud prevention measures, and efficient reconciliation processes. The project also aims to reinforce the UK's leading role in global financial innovation, aligning with the UK's "National Payments Vision" plan and the digital bond (DIGIT) initiative.UK Finance Director Jana Mackintosh described the initiative as "a powerful example of industry collaboration," while Bank of England Governor Andrew Bailey emphasized that tokenized deposits offer a more secure and regulated alternative to stablecoins. Executives from Barclays, HSBC, Lloyds, NatWest, Nationwide, and Santander also emphasized that tokenized deposits will play a central role in the future of digital payments infrastructure.QNT Price MovesThe price of Quant (QNT) briefly surged on September 26th, rising above $92 following news that the UK would be responsible for the payments infrastructure in the tokenized sterling deposit (GBTD) pilot. However, this momentum was short-lived, and the price fell back to $88.65, a 2.3% decline on the day.
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26 Sep 2025
HYPE ETF Application Submitted: Decision to Postpone Application for 4 Altcoin ETFs
Asset management company Bitwise has filed for an exchange-traded fund (ETF) that will hold and track the token linked to the crypto futures protocol and blockchain Hyperliquid. According to a regulatory filing filed on Thursday, Bitwise is working to launch the Hyperliquid ETF. The fund will directly hold the Hyperliquid (HYPE) token. HYPE provides discounts on Hyperliquid's decentralized exchange (DEX) and is used to pay transaction fees on the blockchain. The filing does not yet specify which exchange the product will trade on, what symbol it will be listed under, or how much Bitwise will charge.Bitwise Files for HYPECrypto asset management company Bitwise Investment Advisers has filed with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that will track the Hyperliquid (HYPE) token. The filing, filed on Form S-1, is the first ETF to be offered for HYPE. Hyperliquid is a Layer-1 blockchain specifically designed for decentralized finance (DeFi) applications. Perpetual futures are the primary focus of the network, with speed, scalability, and user-centricity at the forefront. The ecosystem, which has been rapidly growing since 2021, aims to increase liquidity and transaction diversity through the HYPE token.Bitwise's move has the potential to increase institutional interest in crypto. ETFs make it easier for individual investors to access crypto assets through regulated financial products rather than purchasing tokens directly. Such products also allow institutional investors to manage risk more transparently.Following the application news, the price of HYPE fluctuated sharply. HYPE price rose 5 percent in the last 24 hours, trading at $42. With a circulating supply of 270.8 million units, HYPE ranks 21st in the crypto market with a market capitalization of $11 billion. Four altcoin ETFs postponedThe ETF move is being evaluated alongside other market developments. The SEC, while reviewing the Bitwise application, postponed several altcoin ETF applications around the same time. Canary's spot SUI and PENGU funds, staked INJ and SEI funds, as well as Grayscale and VanEck's Avalanche-focused ETF proposals, are among the applications pending a decision.The Hyperliquid ETF application has also resonated with market experts. Investor and entrepreneur Howard Lindzon, making a comparison to the venture capital era in a social media post, said, "Everyone wants to be early-stage these days, but the public markets are really where the focus should be."Competition in the crypto ETF market is heating up. Recently, Hashdex expanded its existing ETF portfolio by adding XRP and Solana to its portfolio, in accordance with the SEC's new listing standards. Dozens of applications are currently under review, and investors are closely monitoring every new development. If Bitwise's Hyperliquid bid wins approval, it would increase the visibility of DeFi-focused Layer-1 projects and open a new avenue for institutional capital. However, the timing of the approval and the direction the SEC's overall approach will take remain unclear.
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26 Sep 2025
SEC and Finra Scrutinize Stock Transactions Ahead of Crypto Purchases
Financial regulators in the US have begun scrutinizing the stock movements of some publicly traded companies before they announce crypto asset purchases. According to the Wall Street Journal, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (Finra) are investigating unusual trading patterns at companies pursuing a digital asset treasury strategy.Authorities have identified striking trading volumes and price movements, particularly at publicly traded companies known as "Digital Asset Treasury Companies" (DATs), which have added cryptocurrencies to their balance sheets. The fact that these movements occurred shortly before the companies' official public announcements raises suspicions that they may be based on insider trading.The SEC has reportedly issued warnings to some companies about potential violations of Reg FD (Fair Disclosure). This regulation prohibits companies from sharing material, not yet publicly disclosed information only with certain investors. The aim is to ensure equal access to information for market participants. More than 200 companies contactedFinra and the SEC reportedly contacted approximately 200 DAT companies. The investigations focused on unusual trading volumes and sudden increases in share prices immediately preceding crypto acquisition announcements. Regulators believe such transactions could undermine market confidence and lead to manipulation.This development comes as companies are shifting to crypto treasury strategies. This trend, spearheaded by MicroStrategy since 2020, has been increasingly adopted by more companies in recent months. By holding assets like Bitcoin and Ethereum on their balance sheets, companies are diversifying their investments and aiming to capitalize on their long-term value growth.This year alone, DAT companies have attracted more than $20 billion in venture capital investment, demonstrating the institutional interest in crypto. Regulators, however, emphasize that this growth must occur within the framework of transparency and market fairness.MicroStrategy remains the largest institutional player in this space. The company, led by Michael Saylor, recently purchased an additional 850 Bitcoins, bringing its total reserves to 639,835 BTC. The total value of these purchases reached $99.7 million. The investigation launched by the SEC and Finra is seen as a sign that institutional investors' involvement in crypto assets will now be subject to stricter scrutiny, not only from a financial perspective but also from a regulatory perspective. As US companies continue to add crypto to their balance sheets, allegations of insider trading or unfair dealings are expected to increase.Therefore, publicly traded companies investing in crypto assets are expected to be more vigilant about their transparency obligations in the coming period. Otherwise, they could face both serious sanctions and the loss of investor confidence.
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26 Sep 2025
AAVE Comment and Price Analysis - September 25, 2025
AAVE Technical OutlookWhen we analyze the AAVE chart on a daily timeframe, we can see that the coin is still trading inside an ascending channel. The price, bouncing from the mid-border of the channel, is trying to recover. The overall structure remains positive, with the price still trading in an uptrend.AAVE is currently trading around the level $276, while the first important resistance stands at $288. The price has the potential to surge to $322, followed by the upper border of the channel around $354, if this first important resistance level gets broken. Based on the channel height, there is a potential for the price to move to the level at $380 in the medium term.We should be following the support levels as follows:$277 → the most important short-term support.$251 → the middle line of the channel, critical for maintaining the uptrend.$226–$218 → support zone near the lower band of the channel. Rising Channel Structure Summary:AAVE is still trading inside an ascending channel on the daily timeframe. Holding above the level $288 means that the targets above are still in play; however, a deeper pullback is possible if the price closes below $277.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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25 Sep 2025
TAO Commentary and Price Analysis - September 25, 2025
TAO Technical AnalysisAnalyzing the TAO chart, we can see that the price is still trading inside a long-term falling channel structure. Selling pressure continues while TAO is trying to hold around the mid-border of the channel, which increases the chance of a move toward the lower border. We see that the overall trend is still bearish. Image of the Falling Wedge TAO is currently trading around the level $309, while the key support area stands between the levels $303–$292. The price holding above this area may pave the way for a bounce within the channel in the short term. The price is likely to test the resistance level $333 according to a bullish scenario. Above this resistance, TAO could surge to the levels $366–$379, yet the price needs to break above $400 to confirm a trend reversal. If it does so, we will be talking about the levels $421, $461, and $500.The price is likely to pull back to the lower border of the channel if it sees closing below the level $292, according to a bearish scenario. If this happens, we should be following the support levels at $263 and $222.Support Levels:$303–$292 (key short-term support)$263$222Resistance Levels:$333$366–$379$400$421 → $461 → $500Summary:TAO is still trading inside a descending channel. Holding above $292 is important for a recovery, while a close above $400 would signal a stronger trend reversal in the medium term.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
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25 Sep 2025
SEC Approval: BTC, ETH, XRP, SOL, and XLM Officially Included
The U.S. Securities and Exchange Commission (SEC) has officially approved the Nasdaq Crypto Index US ETF (NCIQ), launched by Hashdex. Thanks to the new regulation, the fund will not only offer Bitcoin (BTC) and Ethereum (ETH) but will also be able to add leading altcoins such as XRP, Solana (SOL), and Stellar (XLM) to its portfolio. This decision is seen as a significant milestone in diversifying regulated crypto investment instruments.Hashdex's ETF was established in Delaware, and last week, a new trust agreement, revised for the third time, entered into force. This brings the fund into compliance with Nasdaq's current listing standards. With the SEC approval, the fund's fiscal year structure remains unchanged, but it has gained official authorization to add altcoins such as XRP, SOL, and XLM.New Rules Bring Expedited ApprovalThe SEC recently adopted new rules that expedite the listing process for crypto ETFs. While it could previously take up to 270 days for an ETF to receive approval, the new standards have reduced this timeframe to 75 days. This eliminates the need for individual reviews during the application process. Now, funds that meet certain requirements can launch directly to the market much sooner.Canary Capital Group founder Steven McClurg stated that there have already been approximately a dozen applications filed with the SEC, with more in the pipeline, adding, "We'll see a wave of launches in the last quarter of this year." DGIM Law's Jonathan Groth also stated that the crypto ETF market could experience a "boom period" starting in October.The fund's new allocation is noteworthy.The updated fund allocation maintains a strong emphasis on BTC and ETH, allocating 6.93% to XRP, 4.11% to Solana, and 0.33% to Stellar. Projects such as Cardano (1.22%), Chainlink (0.50%), and Uniswap (0.14%) are also included in the portfolio in small percentages. This makes the Hashdex ETF one of the first funds to officially include Stellar (XLM). Crypto market expert Nate Geraci, in a social media post, described the SEC's approval as "a significant development that paves the way for diversification in crypto investment." While the majority of users welcomed the decision, some commentators emphasized that adding altcoins to ETFs would foster broader market acceptance.The SEC's new standards allow funds to be approved quickly if they meet certain conditions. For example, the listed crypto asset must have at least six months of CFTC-regulated futures contracts or another ETF must directly hold 40% of that asset. This has enabled projects like XRP, SOL, and XLM to quickly become part of the regulated investment vehicle.Grayscale also took action shortly after the SEC's announcement, converting its private fund into a publicly traded product, the CoinDesk Crypto 5 ETF. This ETF includes BTC, ETH, XRP, SOL, and ADA. Grayscale CEO Peter Mintzberg stated that the swift action stemmed from "the goal of providing greater regulatory clarity and investor access."Crypto market analysts expect ETFs focused on XRP and Solana to launch in October. However, the real question is whether investors will genuinely show interest in these altcoins beyond Bitcoin and Ethereum. The SEC's recent decision has been noted as one of the most significant steps in the opening of altcoins to traditional markets.
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25 Sep 2025
Binance Alpha Project Attacked on Day One: Price Drops Sharply
Griffin AI's native token, GAIN, crashed just one day after its launch due to a major security vulnerability. Listed on Binance Alpha, the project quickly attracted investor interest by offering users a special airdrop opportunity. However, the unauthorized minting of 5 billion GAIN tokens caused the price to drop by up to 90%. When GAIN launched on Binance Alpha on September 24th, it was priced at $0.18. It quickly became listed on major exchanges such as KuCoin, HTX, MEXC, and Gate.io, and the token had a strong start thanks to investor interest. However, unusual movements detected in on-chain analysis later that day caused panic in the market.Attacker Targeted ContractsAccording to on-chain research, the attacker manipulated the Griffin AI contract using a fake LayerZero pairing and minted 5 billion new GAIN. This surge in supply quickly led to the token being released via PancakeSwap. The sale of just 147.5 million GAIN was enough to shake the price. The attacker obtained 2,955 BNB, or approximately $3 million, from this sale and distributed the funds to various wallets.Following the incident, the Griffin AI team requested that all centralized exchanges cease trading. MEXC attempted to prevent further losses by suspending transactions even before the team's call. However, swaps continued for some time on decentralized exchanges (DEXs), and the attacker began bridging some of the acquired assets to Ethereum and distributing them through Tornado Cash.Currently, the attacker's wallet holds 4.8 billion unauthorized GAIN tokens. The fate of these tokens is not yet clear. In its official statement, the Griffin AI team urged investors not to engage with fake liquidity pools. Furthermore, the project's airdrop campaign was completely terminated for security reasons.GAIN's market capitalization fell to $7.3 million after the attack, while the token is trading at $0.03. Daily trading volume increased dramatically, exceeding $190 million. However, much of this volume was due to panic selling.Griffin AI is known as a platform that allows users to develop autonomous artificial intelligence agents without requiring coding knowledge. There are currently over 15,000 active agents on the platform, and the GAIN token supports this ecosystem's service credits, transaction collateral, and development tools. However, this vulnerability dealt a serious blow to the project's reputation.The crypto community reacted strongly to the incident. Many investors expressed their outrage, saying, "We can accept losses, but this kind of manipulation is unacceptable." Some analysts argue that the vulnerability was not internal to the team, but rather an external attacker.The GAIN incident is also reminiscent of the recent incident involving UXLink, which lost its value due to a similar unauthorized token issuance. Such attacks highlight the risks investors face, especially with newly released tokens.
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25 Sep 2025
Nine European Banks Form Partnership for Euro Stablecoin
Nine major European banks have joined forces to launch a euro-denominated stablecoin under the European Union's Markets in Cryptoassets (MiCA) regulation.The banking giants involved in the project are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International.Numerous banks in Europe have joined forces to develop a stablecoinA significant new step has been taken in the European banking sector in the digital currency arena. Nine major European banks announced the formation of a joint consortium to launch a euro-denominated stablecoin. This move aims to create a strong European-based alternative in a market currently dominated by US dollar-backed tokens.The consortium includes ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International. The banks will establish a new company in the Netherlands and undertake the management of this initiative. The project is planned to be launched in the second half of 2026. The first phase envisages obtaining an electronic money institution license from the Dutch Central Bank and operating under MiCA regulations.The new stablecoin will be fully compliant with MiCA, the European Union's framework regulation for crypto assets. This will provide legal protection for both banks and customers. The consortium's goal is to develop a digital payment instrument that offers low-cost and instant transactions, and can be used 24/7 for cross-border payments. Furthermore, with its programmable payment features, it is planned to create a wide range of applications, from supply chain management to securities and cryptoasset transactions.Flaminia Lucia Franca, Head of Transaction Banking at Danske Bank, emphasized the importance of the project, saying, "Digital assets not only introduce a new form of money but also offer significant efficiency and savings opportunities for the financial sector and customers." Floris Lugt from ING's Digital Assets team stated that the sector must unite around common standards, and only then can true market adoption be achieved.The project aims to strengthen Europe's strategic independence. As of today, 99% of the global stablecoin market is comprised of US dollar-denominated tokens (such as USDT and USDC). In contrast, according to European Central Bank data, the market capitalization of euro-backed stablecoins remains below €350 million. This imbalance is increasing political and economic pressure in Europe to reduce dollar dependence.The new initiative will also open the door for each bank to develop services tailored to its own customer base. While using a shared infrastructure, banks will be able to offer additional solutions such as stablecoin wallets and custody services. It was also announced that the consortium is open to other European banks, and a CEO will be appointed following the regulatory process.With MiCA becoming effective in all EU member states at the beginning of 2025, interest in digital asset technologies among European financial institutions has rapidly increased. The development and permitting processes, which will continue until 2026, will allow both the technical infrastructure to mature and the inclusion of new participating banks.
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25 Sep 2025
UAE-Based Company Makes $20 Million Investment in Ethena
M2 Capital, the investment arm of United Arab Emirates-based M2 Holdings, has taken a notable new step in the cryptocurrency market. The company announced a $20 million investment in ENA, Ethena's governance token. This move demonstrates both the Middle East's interest in digital asset infrastructure and the region's desire to play a stronger role in the global financial scene.Ethena is particularly known for its USDe and sUSDe products, which launched in 2024. Backed by crypto collateral, these products provide stable value preservation through delta-neutral hedging strategies. USDe functions as a synthetic stablecoin pegged to $1, while the sUSDe version offers a yield-generating form. Thanks to this innovative approach, the Ethena protocol quickly gained popularity, with the total amount of locked assets exceeding $14 billion. USDe's market capitalization is also around $14 billion. M2 Global Wealth plans to integrate Ethena's products into its asset management services. This will provide clients with access to crypto-based income products in a regulatory-compliant manner. Kim Wong, head of M2's treasury department, stated that the agreement could redefine trust and transparency standards in the region.This investment also demonstrates M2's continued interest in the crypto ecosystem. The company previously participated in funding initiatives for the Sui Blockchain ecosystem. This latest move aims to not only provide capital infusion into crypto but also accelerate the Middle East's adoption of digital finance tools.Ethena Stands Out with USDeEthena's success isn't limited to investor interest. The protocol has quickly captured the demand for stablecoin-like products that offer returns. USDe, in particular, has seen its market capitalization exceed $13 billion, placing it third among the largest crypto-asset-backed dollar alternatives. This performance demonstrates the emergence of a new model that differentiates itself from traditional stablecoins like USDT and USDC.The regulatory steps taken by the United Arab Emirates also support these developments. Dubai's Virtual Assets Regulatory Authority (VARA) and the country's other financial authorities have established a comprehensive framework for crypto. This regulatory clarity is attracting both domestic and international investors. M2's investment in Ethena occurred within this very context, strengthening the region's ambition to become a global crypto financial hub. Consequently, M2 Capital's $20 million investment in Ethena is not just a capital infusion; it also signals a new era for the Middle East's gateway to digital assets. The combination of Ethena's innovative products, M2's strategic approach, and the UAE's regulatory framework is expected to further expand the crypto ecosystem in the region.
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25 Sep 2025