According to Eleanor Terrett, Tether (USDT) faces a critical choice with the advancement of the U.S. GENIUS Act for stablecoins, which could force the issuer to either undergo a complex and costly compliance process to access U.S. markets or cede ground to regulated competitors like Circle's USDC. The proposed legislation imposes strict one-to-one reserve requirements with cash and Treasuries, monthly reviews by accounting firms, and potential oversight by the Office of the Comptroller of the Currency, standards which experts cited in the report suggest Tether may not currently meet. In other major news, Polygon (POL) is undergoing a significant strategic overhaul, with co-founder Sandeep Nailwal taking over as CEO of the Polygon Foundation. The team announced a pivot to focus on the AggLayer cross-chain liquidity protocol while retiring its zkEVM network, signaling a major shift for traders and investors to watch. Additionally, Bitcoin Core (BTC) developers confirmed an increase to the OP_RETURN data limit in the next software release, a move that could encourage more data-embedding on the network.

According to EmberCN, the price of POL has increased by 22% from $0.357 to $0.438 since yesterday. A multi-signature address associated with the Polygon team distributed 50 million POL tokens to six addresses 32 hours ago. These tokens, valued at $21.45 million, were all transferred to Binance in the last two hours.

According to EmberCN, the POL token has increased by 22% from $0.357 to $0.438 since yesterday. A multisig address associated with the Polygon team distributed 50 million POL tokens, valued at $21.45 million, to six different addresses 32 hours ago. These tokens were then transferred to Binance from these addresses within the last two hours. This transaction and the price surge may indicate significant market activity and interest in POL.