Research Summary
The report covers three main topics: the court ruling in SEC vs. Ripple, the new token design for Polygon, and the launch of Arkham Intelligence’s deanonymization market. The court ruled that XRP tokens are not securities, marking a partial victory for Ripple. Polygon Labs introduced a new token design for its native network token to fit the new Polygon 2.0 vision. Arkham, a blockchain analytics firm, faced significant criticism from the crypto community after announcing the launch of the “World’s First On-Chain Intelligence Exchange.”
Actionable Insights
- Ripple’s Partial Victory: The court ruling in SEC vs. Ripple is a significant win for Ripple, but its applicability to other coins is nuanced. This decision does not say that all secondary trading of cryptos are not securities.
- Polygon’s New Token Design: Polygon Labs’ new token design for MATIC under the latest network upgrade proposal is a significant development. The new ‘POL’ token is designed for coordination and incentivization of the Polygon ecosystem.
- Arkham’s Controversial Launch: Arkham’s launch of the “World’s First On-Chain Intelligence Exchange” has faced significant criticism from the crypto community. The platform incentivizes users to reveal others’ identities, which goes against the core cypherpunk values of anonymity and privacy.
