According to @CryptoMichNL, several major developments are shaping the cryptocurrency market for traders. Polygon (MATIC) is undergoing a significant strategic overhaul as co-founder Sandeep Nailwal takes control as CEO of the Polygon Foundation, reorienting the project towards its new cross-chain liquidity protocol, AggLayer, and retiring the zkEVM rollup network, according to a press release from the team. The Ethereum Foundation has implemented a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability. In the U.S., the GENIUS Act is providing crucial regulatory clarity for Ethereum (ETH), positioning it as a key asset for tokenization and attracting institutional interest, with ETH trading around $2,475. In other news, VanEck's proposed Solana (SOL) ETF has been listed on the DTCC website under the ticker VSOL, a key procedural step towards a U.S. launch. Additionally, Bitcoin (BTC) Core developers confirmed that the version 30 release will increase the OP_RETURN data limit, potentially impacting on-chain data usage.