Polygon is beginning the week with some recent vitality as Giottus, a significant Indian crypto change, now presents 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 huge the Indian crypto scene is. POL, the Polygon crypto token, is testing its $0.38 assist stage because the market dips.
The hum round Polygon can be seemingly as a result of its current authorities boosts. The US Division of Commerce posted GDP information on the blockchain, which was an enormous transfer.
(Indian crypto market, supply – Statista)
In the meantime, the Philippines has notarized public funds by way of BayaniChain, a platform on Polygon. One of many senators, Bam Aquino, has been pushing for nationwide price range monitoring utilizing Polygon, citing the necessity to forestall falsification as his motive.
These information present Polygon crypto energy, particularly in regulated finance.
(POLUSD, supply – TradingView)
Polygon Catalysts and The World Crypto Sentiment
As we speak, Polygon noticed a ten% month-to-month acquire, a bump to $0.25. The leap 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 buyers.
— Yeti Fi (@YetiFAi) August 30, 2025
Nonetheless, the crypto market is experiencing an enormous decline this week, with the overall market cap falling from $4 trillion to $3.77 trillion after an enormous $900 million in liquidations.
BTC ▲0.23% dropped beneath $110,000 for the primary time since July, whereas 
ETH ▼-0.46% remained regular round $4,300, a notable huge dip after it reached ATH near $5,000. Altcoins, significantly 
SOL ▼-2.62% and Hyperliquid, managed to rebound, with above $200 SOL, and near $45 HYPE.
Cronos noticed an enormous 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 facet 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 hundreds of thousands by means of faux romance scams and farudulent crypto funding. One of many sufferer is girl from Virginia, which in the long run 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 12 months.
Crypto crime could have dipped to a smaller proportion of whole 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 recuperate? Observe us stay right here.
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Pump.Enjoyable $62 Million Buyback
Pump.enjoyable, Solana memecoin launchpad, which was the one singlehandedly bringing memecoin season to Solana, has finished a $62.6 million PUMP buyback. Will it ship larger and reverse the dropping chart?
Buybacks aren't stopping on $PUMP.
With @pumpdotfun doing greater than 2M each day income, it's an apparent purchase from right here. pic.twitter.com/6kTYyKm1Qd
— Bitcoineo
(@Bitcoineo) August 29, 2025
Indian Courtroom Hammers Life Sentences in Bitcoin Extortion Case
Huge information coming from India. 14 defendants within the abduction and extortion case of 752BTC was handed life sentences. It’s the largest crypto crime conviction in India up to now, particularly because it includes a former legislator and 11 cops.
An Indian court docket sentences 14 people to life imprisonment for his or her involvement in a Bitcoin extortion scheme, highlighting the complexities of regulating cryptocurrency-related crimes in India. #Bitcoin #Extortion
— Vincent Bu Lu (@VincentBuLu1) August 30, 2025
Crypto Regulation Replace: U.S. CFTC, Europe’s MiCA, Japan’s Help, and What It Means for Memecoins
Crypto is seeing some regulation adjustments which can be opening up new alternatives. In USA, the CFTC simply dropped a significant advisory, paving the way in which for worldwide exchanges to legally serve Individuals. That is seemingly the tip of the period that was focusing solely on enforcement which is a extra balanced method in direction of crypto.
Europe, with its MiCA framework, is including to bullish momentum with Japan’s current assist for crypto. These adjustments come on the good time, as crypto funding surged to $1.8 billion in August alone.
(CTFC FBOT, supply – CTFC)
Whereas there are nonetheless challenges, like what’s coming from South Korea, which can be halting some lending actions. Crypto regulation, as reported within the information, is beginning to carry extra stability to the house. As we speak we see fewer obstacles and smoother entry to cryptos.
Within the US, the CFTC’s FBOT program will seemingly permit platforms like Binance to return. This has the potential to carry extra liquidity again, estimated at 15-20% over the following two years. On the opposite information, Nasdaq’s surveillance expertise has additionally now displays crypto derivatives as a part of the regulation.
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The submit As we speak Crypto Information, August 30 – Polygon Crypto High Indian Alternate Itemizing: Pig Butchering Crypto Crime Wreck Tens of millions In a single day appeared first on 99Bitcoins.
