Polygon zkEVM, Polygonโs flagship Ethereum scaling solution, is set to shut down on July 1 after reportedly generating over $1 million in annual losses. In a surprising revelation, CEO Marc Boiron admitted that the team had effectively stopped working on the project "about a year and a half ago," meaning the announcement is largely a formal confirmation of something that had already been abandoned internally.
From a market perspective, the news could weigh on POL/MATIC sentiment in the short te...
$MU Breakout Holds Strong $Above Resistance
Trade Setup: ๐น Entry: $1,125 โ $1,132
๐ฏ TP1: $1,150
๐ฏ TP2: $1,180
๐ SL: $1,105
MU has delivered a strong breakout and is consolidating near the highs. As long as price holds above $1,120, bulls remain in control with potential for another leg higher. ๐๐
Since October 2025, weโve had five FOMC meetings.
๐ After every single one, Bitcoin eventually moved lower:
๐ป -29.2%
๐ป -10.5%
๐ป -32.7%
๐ป -14.7%
๐ป -25.7%
Average drawdown: -22.6%
Now weโre approaching another FOMC decision in 2 days, and the market is acting as if nothing can go wrong.
But look at the risk calendar ahead:
โ USโIran deal: The agreement isnโt expected to be signed until June 19. Any disagreement, delay, or violation could quickly shake global markets.
โ SpaceX: If the ...