
Cryptocurrency Live News & Updates : Polygon Surpasses Ethereum in NFT Sales
Polygon's price has plummeted this year, nearing its lowest point, but it recently outperformed Ethereum in weekly NFT sales, indicating a potential breakout. Polygon has experienced a significant decline in price, dropping over 76% this year, yet it has recently surpassed Ethereum in weekly NFT sales, with a 52% increase to $24 million. This surge is largely attributed to the Courtyard platform. Meanwhile, Ethereum celebrates its 10th anniversary amid rising competition from blockchains like Solana and Aptos, as it focuses on enhancing interoperability and community building. In a different arena, Trump-linked World Liberty Financial is undergoing a governance vote to determine the tradability of its WLFI token, a crucial test of its decentralization commitment. Lastly, NEAR Protocol faced a 5% decline despite the launch of Bitwise's NEAR Staking ETP, which aims to boost institutional interest. As the crypto market navigates these developments, the interplay between price movements, governance decisions, and technological advancements remains pivotal. Show more
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
an hour ago
- Time of India
Cryptocurrency Live News & Updates : Singapore Fines Firms in $2.2B Money Laundering Case
05 Jul 2025 | 11:35:11 PM IST Nine financial institutions, including UBS and Citigroup, were penalized a total of S$27.5 million ($21.5 million) for their roles in Singapore's largest money laundering scandal, which involved the Fujian gang and led to significant asset seizures. In recent developments, Singapore's Monetary Authority has concluded a two-year investigation into a massive $2.2 billion money laundering case, resulting in fines for nine financial firms, including UBS and Citigroup. This scandal, linked to the Fujian gang, saw authorities seize luxury properties, cash, and cryptocurrency. Meanwhile, Bitcoin Cash has experienced a notable rally, rising 75% over the past 90 days, driven by whale activity and bullish technical signals, despite low network usage. Ethereum is currently in a consolidation phase, trading around $2,500, but shows signs of accumulation, indicating potential for a bullish breakout. The ongoing trend of whale accumulation and reduced exchange balances suggests a shift towards long-term holding among investors. Additionally, the U.S. stock market's performance, particularly the Nasdaq's outperformance, reflects a narrative of U.S. exceptionalism, which may positively influence Bitcoin's value. As the cryptocurrency landscape evolves, these developments highlight the interplay between regulatory actions, market dynamics, and investor behavior. Show more


Time of India
2 hours ago
- Time of India
Millions of Americans use these 2 apps, now they are closing forever, and you might get a payout
If you've ever saved an article to or coded on these 2 apps, you'll be interested in this news. The two apps, which were once staples for readers and developers, will be shut down permanently in July. However, there is one positive aspect for many users as well. Which apps will shut down? Pocket and Glitch, two popular apps used by millions of Americans, will be permanently shut down on July 8. If you are a subscriber, you may be due a refund automatically, reported The Sun. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo When subscription sales also ceased in late May, Pocket was taken down from app stores. However, Pocket Premium members might be eligible for reimbursements for the unused portion of their subscriptions, as per a report by The US Sun. Am I getting a refund automatically? The read-it-later app subscription costs $4.99 a month or $44.99 (£32.99) annually. Therefore, you should anticipate receiving a portion of your money back on the card you used to make the purchase if you paid for an annual membership that will not be fulfilled. Live Events The app's owner, Mozilla , stated that refunds for yearly subscribers will be issued after July 8. You just need to wait for the money to arrive. ALSO READ: Trump underwater in every key swing state, and now he's slipping in Texas too Refunds will be given to those who paid $96 (£70) for an annual subscription to Glitch Pro and still have time remaining. What happens to my saved data? Before all the data is permanently erased, users have until the end of the year to download their projects. Notably, users will have until October 8th to download their saved data before all Pocket data is permanently erased, even though the app will be shutting down the following week. Web developers are the target audience for the Glitch app, which is also giving its users refunds, as per a report by The Sun. FAQs When will Pocket and Glitch officially shut down? Both applications will be closed on July 8. Following that, users have a limited amount of time to save their data before it is permanently deleted. How do I receive my refund? You do not have to do anything. Refunds for unused subscription time will be automatically issued to the card you used after July 8.

Hindustan Times
3 hours ago
- Hindustan Times
Does Donald Trump's 'Big Beautiful Bill' provide tax relief on Social Security income? Here are FAQs
The Donald Trump administration on July 1 announced what it claims is the most significant tax relief package ever offered to senior citizens in the US. According to the official statement, the new 'One Big Beautiful Bill' is a boon for over 88 per cent of those seniors who receive Social Security income. With this bill, they will be provided tax relief, which means no levy will be deducted on their Social Security benefits. US President Donald Trump holds his cap as he stands at a balcony at the White House in Washington, DC,(REUTERS) Trump's Council of Economic Advisors have released a new report that elaborates on the financial nitty-gritties of the new bill. It states that the new One Big Beautiful Bill (OBBB) has delivered on Trump's promise of tax relief on Social Security income. However, the tax break can only be availed by senior citizens aged over 64 years. Moreover, this tax relief does not come free from terms and conditions. Only those who fit the criteria can avail 100 per cent tax break, while others may get partial deductions. It is also to be noted that this tax break will only be applicable till Trump holds the President's office, i.e., till 2028. Also read: Social Security: Why beneficiaries may receive reduced payments from July 2025 Terms and conditions of Trump's One Big Beautiful Bill According to the report published by the Council of Economic Advisors, the bill will provide a $6,000 tax deduction for individuals who are aged 64 years and above, who currently pay income tax on their Social Security benefit. However, for those earning more than $75,000, or $150,000 for couples, will experience a few deductions on the tax relief. For example, individuals with an income over $175,000, or $250,000 in the case of couples, will not be able to avail of any benefit on the tax relief. Meanwhile, there will be a $60 deduction on the relief for every $1000 in additional income, if it crosses the above-mentioned threshold of $75,000 for individuals and $150,000 for couples. While there have been debates on how useful the new OBBB could be for citizens in America, it is clear that the relief will only be beneficial for those middle-class seniors who pay tax on their Social Security. On the other hand, those who live in poverty and are already exempted from paying taxes will receive no additional benefits from this bill, stated a Daily Mail report, citing Marc Goldwein from the Committee for a Responsible Federal Budget. It has also been reported that almost 64 per cent of seniors do not pay taxes on Social Security, according to the White House's analysis. While this bill might have provided a tax relief on Social Security, it does not fulfil Trump's promises as it comes with terms and conditions. FAQs 1. What is the new bill called that provides tax relief on Social Security income? The Trump administration has introduced the One Big Beautiful Bill to provide tax relief on Social Security income. 2. Under OBBB, is the tax relief applicable to all those who avail social security? No, the 100 per cent tax relief is only applicable to those who are above 64 years, pay tax on Social Security income, and receive under $75,000 for individuals or $150,000 for couples. 3. How much tax relief can an individual avail with the new OBBB? Under the OBBB, those who fulfil the criteria can avail tax benefits of up to $6,000. 4. Will this OBBB be applicable forever? No, the OBBB will only be in existence during Trump's Presidency till 2028.