Web3 🌘 Thursday Buzz: POL Deployed, Bitcoin Halving Warning, Chainlink and Solana Surge, Mastercard Partners with MoonPay
1/ ✅ Polygon POL smart contract on Ethereum
2/ 🔔 CNBC's Joe Kernen warns about Bitcoin halving
3/ 📈 Chainlink and Solana highest since 2022
4/ 🤝 Mastercard partners with MoonPay for Web3 push
For further details, let's keep reading! 👇
Welcome to today's Web3 news update!
The cryptocurrency market is constantly evolving, with new developments and partnerships being announced all the time. There were several notable announcements, including the deployment of the POL smart contract token on the Ethereum mainnet, a warning from CNBC anchor Joe Kernen about the upcoming Bitcoin halving, new all-time highs for Chainlink and Solana, and a partnership between Mastercard and MoonPay for Web3 push.
Stay tuned for more updates on the developments in the rapidly evolving world of crypto!
1/ POL Smart Contract Token Deployed on Ethereum Mainnet. ✅
Polygon Labs, the makers of the Polygon network, has announced the rollout of its POL smart contract token on the Ethereum mainnet. POL is set to replace MATIC as the ecosystem asset and play a pivotal role in powering a vast ecosystem of zero-knowledge-based layer 2 blockchains.
The successful deployment of the POL smart contract token on the Ethereum mainnet will enable the continued implementation of Polygon 2.0’s roadmap, which includes the development of a new staking layer, a transition to a zkEVM layer-2 protocol, and a new shared liquidity protocol for all Polygon-based networks.
MATIC will remain the default payment and staking mechanism for on-chain transactions until POL replaces it in the near future.
Jimmy Aki
2/ CNBC's Joe Kernen Warns About Bitcoin Halving. 🔔
CNBC anchor Joe Kernen has warned investors to prepare for the upcoming Bitcoin halving, a technical event that slashes mining rewards for new Bitcoins in half. This could theoretically lead to a decrease in supply and an upward shift in Bitcoin's price.
However, investors should be cautious when interpreting market dynamics in the crypto space. The crypto market is infamously volatile, and previous Bitcoin halvings have been followed by significant market corrections.
Bralon Hill
3/ Chainlink and Solana Highest Since 2022. 📈
Chainlink (LINK) and Solana (SOL) both surged to their highest levels since last year on Wednesday, with LINK rising by as much as 9% and SOL climbing above the $33.00 mark.
LINK's recent surge has pushed the RSI above the 80.00 level, indicating that the cryptocurrency is overbought. SOL's price strength also broke out of a ceiling at the 73.00 mark on the RSI, with the index now tracking at a reading of 77.05.
Eliman Dambell
4/ Mastercard Partners with MoonPay for Web3 Push. 🤝
Mastercard has partnered with MoonPay, a cryptocurrency and NFT payments app, to explore how Web3 can be used to connect with and build loyalty among consumers.
MoonPay will be able to use Mastercard's Crypto Credential system to ensure that transactions are trusted and compliant with regulations. It will also be able to integrate Mastercard Send and Click to Pay, which will make it easier for consumers to buy cryptocurrencies and NFTs.
Ian Allison
Conclusion:
The deployment of the POL smart contract token on the Ethereum mainnet, the new all-time highs for Chainlink and Solana, and the partnership between Mastercard and MoonPay are all signs of growing adoption and interest in cryptocurrency from both the crypto community and mainstream financial institutions.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
