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Polygon introduced an upgraded version of its native MATIC token last week, POL. The newly migrated coin sees some tokenomics changes and has already flourished upon its listing on Binance. Following the upgrade and rebrand, POL surged 15% on Friday. Crypto exchange power Binance added spot and perpetual contracts trading with the token to its platforms. fueling POL. POL jumped to nearly $0.45 from around $0.38 earlier today, hitting its highest price since late August. Polygon’s new token shares the same price history as MATIC, only changing its name and abbreviation. POL has outperformed many top coins in the last 24 hours with this 15% spike, including Bitcoin and Ethereum. Source: Medium Furthermore, Polygon’s transition to POL also introduced a new token emission rate of 2% annually, much to the elation of formerly MATIC holders. Trading volume around the token has surged 36.70% in the last 24 hours. This may come from a psychological influence of some sort. The rebrand...

On July 23, Elon Musk announced that Twitter’s iconic bird would be replaced with X. As the rebranding took place today, it didn’t take long for Crypto Twitter to react. Musk decides on rebranding in one day On July 23 morning, Musk sparked widespread debate by announcing that he could change Twitter’s logo to X. If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow — Elon Musk (@elonmusk) July 23, 2023 Crypto Twitter seemed to be split on the subject of the alterations. Many investors, journalists, and entrepreneurs consider Twitter to be a safe haven. According to Trust Machines marketing head Dan Held, Twitter is “iconic,” and Musk is “insane” to propose renaming it as X. Insane that Musk would rebrand as something as iconic and topical as Twitter to “X” — Dan Held (@danheld) July 23, 2023 Similarly, crypto blogger Tiffany Fong said she would continue to refer to the service as Twitter, unde...