Polygon is beginning the week with some contemporary power as Giottus, a significant Indian crypto trade, now gives QuickSwap’s QUICK token in INR and USDT buying and selling pairs. The itemizing is opening the door for much more customers within the Indian market, as we all know how massive the Indian crypto scene is. POL, the Polygon crypto token, is testing its $0.38 help stage because the market dips.
The hum round Polygon can also be doubtless on account of its current authorities boosts. The US Division of Commerce posted GDP knowledge on the blockchain, which was a giant transfer.
(Indian crypto market, supply – Statista)
In the meantime, the Philippines has notarized public funds through BayaniChain, a platform on Polygon. One of many senators, Bam Aquino, has been pushing for nationwide finances monitoring utilizing Polygon, citing the necessity to forestall falsification as his motive.
These knowledge present Polygon crypto energy, particularly in regulated finance.
(POLUSD, supply – TradingView)
Polygon Catalysts and The International Crypto Sentiment
At the moment, Polygon noticed a ten% month-to-month achieve, a bump to $0.25. The soar is pushed by Courtyard NFTs, which stand on the #1 spot in 24-hour gross sales, with a quantity of 826 million POL crypto tokens. Bull is considering the potential 53% rally to $0.90 as soon as the $0.58 resistance stage is breached, though it’s removed from its Polygon Matic all-time excessive. Polygon crypto POL was MATIC earlier than being rebranded as POL.
Grayscale is one other catalyst as the corporate determined so as to add Polygon to its spot ETFs.
Grayscale up to date S-1 filings for spot $ADA and $POL ETFs, transferring nearer to providing regulated funding merchandise for Cardano and Polygon. This signifies rising institutional curiosity past $BTC and $ETH, aiming to supply broader entry and diversification for traders.
— Yeti Fi (@YetiFAi) August 30, 2025
Nonetheless, the crypto market is experiencing a giant decline this week, with the overall market cap falling from $4 trillion to $3.77 trillion after a giant $900 million in liquidations.
BTC ▼-1.22% dropped under $110,000 for the primary time since July, whereas 
ETH ▲1.28% remained regular round $4,300, a notable massive dip after it reached ATH near $5,000. Altcoins, notably 
SOL ▼-1.88% and Hyperliquid, managed to rebound, with above $200 SOL, and near $45 HYPE.
Cronos noticed a giant spike to multi-year highs, though it cooled down afterward. Trump’s DJT absolutely was the catalyst.
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Pig Butchering: Crypto’s Darker Facet
On the darker aspect of issues, pig butchering scams wreaked havoc this week, with authorities within the APAC area freezing $47 million in USDT linked to fraudulent schemes. Victims is lossing thousands and thousands via faux romance scams and farudulent crypto funding. One of many sufferer is lady from Virginia, which ultimately misplaced her $1.3 million.
(Crypto rip-off income, supply – Chainalysis)
The US Division of Justice has additionally seized $225 million from a stablecoin funding fraud scheme, half of a bigger $5.8 billion in losses projected for 2024. Scammers are persevering with their playbook by refunding small quantities to construct belief earlier than disappearing. Together with these scams, ransomware and “wrench” assaults are additionally on the rise. It contributed to a bootleg market quantity that ranged between $45 billion and $51 billion final yr.
Crypto crime could have dipped to a smaller share of complete transactions. It was recorded at round 0.14% to 0.4% of the $10.6 trillion in crypto transactions quantity. Nonetheless, absolute numbers are nonetheless climbing because the market grows.
Will crypto get well? Observe us stay right here.
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The submit At the moment Crypto Information, August 30 – Polygon Crypto High Indian Trade Itemizing: Pig Butchering Crypto Crime Wreck Thousands and thousands In a single day appeared first on 99Bitcoins.
