Polygon Upgrades MATIC to POL, Paving the Way for Polygon 2.0 and Future Expansion

Daily Top Performer — Neiro (NEIRO)

The SPX index was down by 0.16%, marking its second consecutive decline, as weak manufacturing data and recession fears weighed on the market. Energy and tech shares led the losses, with companies like Exxon Mobil and Nvidia seeing notable declines. Investors are now focused on upcoming labor market data. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.65%, with Bitcoin rising by 0.10% and Ether dropping by 0.23%, in the past 24 hours.

Today's top performer is NEIRO, which surged 119.8% following BTSE's launch of the Neiro Trade to Earn Campaign with a $3,400 NEIRO prize pool.

Neiro (NEIRO), launched on July 28, 2024, is a Solana-based meme token that gained attention due to its connection to the Doge meme culture and the adoption of a rescue Akita dog named Neiro, whose name means "color of sound." BTSE has launched a "Trade to Earn" campaign featuring Neiro on Ethereum (NEIRO). Participants who trade at least $50 worth of NEIRO tokens between September 4 and September 11, 2024, can share in a prize pool of 3,400 NEIRO tokens. The campaign aims to boost NEIRO’s presence in the crypto community. Token rewards will be credited within 30 business days after the campaign ends. For more details, visit BTSE's blog.

Check Out the Latest Prices, Charts, and Data of NEIROETHUSDT Perp and NEIRO/USDT Spot!

Talk of the Town:

Polygon has upgraded MATIC to POL as the native gas and staking token for the Polygon PoS network, marking the start of Polygon's transition to Polygon 2.0. This community-driven migration allows MATIC holders to convert their tokens to POL on a 1:1 basis via the Polygon Portal. POL will play a key role in Polygon’s evolving aggregated blockchain network (AggLayer) and support future functionalities beyond securing a single network. The upgrade is backward compatible, ensuring a smooth transition, with future tokenomics changes including a 2% emission model for network security and community development.

Check Out the Latest Prices, Charts, and Data of MATICUSDT Perp and POL/USDT Spot!

Bitcoin Spot ETF Flows:

Yesterday, the BTC Spot ETF data shows a total outflow of $37.2 million, with a $34.2 million outflow from GBTC and a $3.0 million inflow from non-GBTC sources.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

The Grass airdrop checker is now live, allowing users to check eligibility for allocations from Closed Alpha and Epochs 1-7, with a total of 1 billion GRASS tokens, 10% of which is set aside for the first airdrop. The breakdown includes 1.5% for Closed Alpha, 7% for Epochs 1-7, and additional allocations for Bonus Epoch and future releases. Claims are not live yet. The Grass Foundation aims to empower users by returning control of the internet through decentralized efforts.