Polygon (MATIC) Rises after Carbon Neutrality and Coinbase News

Polygon (MATIC) price has increased by over 30% in the past few days. Within a period of 24 hours, the token experienced an increase in price of 26%. As of now, Matic is trading at $0.5037 per coin according to CoinMarketCap’s data.

Investors in Matic have been relieved by the recent rise in price, with Matic trading at 83% of its all-time high, and still losing value.

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Impact of Carbon Neutrality

WazirX Trade Desk shared a note today, touting Polygon (MATIC)’s change to carbon neutrality. This had led to a surge in demand for MATIC, leading the price up by 30%. Resistance is expected at around the $0.73 level.

In an official blog post, the company explains how they were able to retire $400,000 of carbon credits that offset the entirety of CO2 debt accumulated by the network since inception.

Polygon co-founder Sandeep Nailwal said, “Polygon is always on the forefront of green business. They lead their industry by converting to carbon neutrality and moving towards becoming a net positive for the environment.”

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Coinbase on-chain Polygon Support

Customers will now be able to convert fiat currency to cryptocurrency and deposit the new currency in their Polygon or Solana wallet. Coinbase is adding MATIC and SOL to their listings, which are the native currencies of Polygon and Solana, respectively.

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Coinbase will start processing the Polygon and Solana cryptocurrency on several exchanges, along with the company’s first supported fiat currency, announced by them in a blog post update.

Coinbase has announced that they will start to offer ETH, MATIC, and USDC on Polygon. They will also be providing USDC on Solana over time. The exchange added that they’re working on adding more tokens and networks. They said all qualified Coinbase users will soon be able to transfer ETH, MATIC, and USDC from Polygon and Solana from the coming month.

It can be expensive to use Ethereum for every transaction, which is driving some people away from the system. Someone sending a small amount of crypto from Coinbase to their wallet will have to pay over $10 in gas fees, Coinbase has mentioned. It can be expensive to get a larger amount of crypto out of the system, too. There’s a cost of over $100 in “gas” that some people need to pay.

Coinbase is making site upgrades and coming up with new features to separate itself from the competition in the bear market. This change would be adding a percentage system that will post your gains on investments, Binance recently announced that Bitcoin trades are now 0%.

Web3 is difficult to access, as it’s not standardized and can be hard to move crypto from one network to another. Though people are interested in Web3, they don’t know how to navigate it.

Coinbase users can convert their fiat to cryptocurrencies. Polygon is an encrypted registry for experimental blockchain assets, and Coinbase users now have easy access by converting to an available cryptocurrency on Coinbase.

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The Polygon (MATIC) price trend can be attributed to a large number of whale transactions over the last six weeks.

As the top cryptocurrencies struggle to move higher, the global cryptocurrency market cap has now fallen to around $900 billion. Bitcoin is trading below $21,000.

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Source: https://insidebitcoins.com/news/polygon-matic-rises-after-carbon-neutrality-and-coinbase-news

Clippers Shut Down Kyrie Irving Trade Rumors

PLAYA VISTA — The Los Angeles Clippers wrapped up a rather quiet 2022 NBA Draft by selecting Moussa Diabate 43rd overall with their lone draft pick. The 2022 NBA Draft marked the first time since 2014 that the franchise did not make a trade on draft night. While they weren’t really involved in any draft trade rumors, their name has been throw around in trade talks involving Brooklyn Nets guard Kyrie Irving.

Over the last couple of days, the Clippers have been linked to Irving by both ESPN’s Adrian Wojnarowski and The Athletic’s Shams Charania. Irving has currently reached an impasse with the Nets in contract negotiations, and if the two sides can’t agree on a deal, the electric scoring guard is reportedly eyeing a handful of teams in potential trade scenarios.

The Los Angeles Lakers and New York Knicks were initially listed as potential trade destinations for Irving alongside the Clippers should he request a trade. Wojnarowski reported that aside from the Lakers, Knicks, and Clippers, the Miami Heat, Dallas Mavericks, and Philadelphia 76ers are also among Irving’s list of destinations.

During his media availability following the 2022 NBA Draft, Clippers president Lawrence Frank was asked about players the team could potentially sign or trade for, as well as how those deals are evaluated beforehand. For full context, here’s the exact question, the complete answer from Lawrence Frank, as well as a video of the answer below.

Reporter: “With any free agency or trade possibilities moving forward, where do you rank/weigh variables such as leadership qualities and availability history?”

Lawrence Frank: “Yeah, I think you look at it all. And you start first with the question: How does this player’s skill sets with the group? Does it enhance the group? Does it help connect the group? Is it a young, emerging player that may have a pathway to play? Is it a veteran who provides a skill set that maybe we need? Is it a player that has unbelievable basketball character, and yet has great self-awareness and knows where they are at at their stage?

So I think you really, really study it, and I mean, any time you put a player in the locker room, whether it’s through the draft, free agency, trades, it is a statement to your team what you think of them, right, because that is their sanctuary.

So in terms of basketball leadership it is very, very important to understand the basketball character of the player.

So basketball character may be a little bit different than what you hear of in terms of character. Like basketball character is, like, can you be counted on every single day to do what you do at the highest level, and are you — how committed are you though those habits

The bond that you form with your teammates, like that’s part of basketball character. Like, can you be the same teammate when things are going bad for you as well as when things are going good for you?

And I think all those things are leadership skills. Innately, regardless of the types of players, your best players are always your leaders one way or the other because that’s what the other player is going to look to. We are really, really fortunate in that our two best players really, really, really enjoy each other. Like they have a great bond with each other, which is, I won’t say unique, but it doesn’t happen everywhere.

Those guys set a great tone of, we work, that’s what we do. We work. There is not a lot of talking in terms of hyperbole. We are about our work.

And we have an unbelievable head coach in Tyronn Lue who connects with all the guys and brings everyone together. People use buzzwords like ‘culture.’ It’s all about your people. Your people create your culture, and so yeah, we look at all those things and try to study, ‘Okay, if we are going to bring this player in the locker room, how does it fit?’

We are also very much involved in that process, T-Lue, our best players and Steve [Ballmer], and make sure everyone is comfortable with who we are putting in that locker room.”

“I think you look at it all… Basketball character is like can you be counted on every single day to do what you do at the highest level, & how committed are you though those habits.”

Lawrence Frank on looking at availability/leadership qualities in potential trades. #Clippers pic.twitter.com/Wlbt79XxPU

— Tomer Azarly (@TomerAzarly) June 24, 2022

With these comments, among others from the night, Lawrence Frank essentially confirmed that the Clippers aren’t interested in a trade for Kyrie Irving at the moment. The team has long been focused on improving on the margins and running it back. A roster-changing move like a potential Kyrie Irving trade doesn’t appear to be something the team is interested in barring an offer they simply can’t refuse.

For over a year, the Clippers have been convinced they can win a championship with their current core when healthy. They went out and acquired Norman Powell and Robert Covington in a heist of a trade with the Portland Trail Blazers at the 2022 trade deadline. They feel now, more than ever, ready to compete for a championship with their mix of experienced veterans and young players. While Irving is a supremely talented player, he comes with a hefty price tag and a dangerous track record.

On the flip side, the Irving situation has continued to appear to be a public leverage play, with Kyrie looking to create options for himself in trade situations in an attempt to put pressure on the Brooklyn Nets to give him the deal he desires. Irving has until June 29 to decide on the $36.9 million player option he has for the 2022-23 NBA season.

In addition to that leverage Irving is trying to muster up, multiple reports stated that Kevin Durant is eyeing the situation and considering his own options. At the end of the day, losing Irving could also mean losing Durant, and that’s something Brooklyn absolutely cannot afford.

Lastly, the Nets traded seemingly all of their picks to the Houston Rockets in the James Harden trade, while a few are pick swaps. Yet another reason Brooklyn will likely cough up the long-term deal for Irving, allowing he and Durant to continue chasing a championship:

The Brooklyn Nets current future draft situation is… Pheww.

They owe A LOT of picks to the Houston Rockets. pic.twitter.com/nnhRz8688J

— Tomer Azarly (@TomerAzarly) June 23, 2022

The Clippers will continue to monitor the trade market and keep an eye on what happens moving forward. At this stage, however, the team’s highest priorities are to re-sign Nicolas Batum and Isaiah Hartenstein in free agency.

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Source: https://clutchpoints.com/clippers-news-la-indirectly-shuts-down-kyrie-irving-trade-rumors/

Apple takes more than 60% of global premium market in Q1 2022 thanks to iPhone 13 series

After Counterpoint Research revealed that the iPhone 13 continues to dominate as the global best-selling smartphone in April, the company has now shared new data that shows that Apple takes 62% of the premium market in the first quarter of 2022.

The study reveals that Apple reached its highest first-quarter share in the premium segment since Q1 2017. In addition, even with the global premium smartphone market sales volume declining 8% YoY during the quarter, it has still performed better than the overall smartphone market, which declined by 10%.

With the eighth consecutive quarter in which the premium market has outperformed overall smartphone market growth, Apple continues to lead it. This time, Counterpoint Research shows that this 60% share was driven by the iPhone 13 series, which has been the best-selling model globally each month since October 2021.

The volume growth in the ultra-premium segment was driven by Apple and Samsung. The iPhone 13 Pro Max and the iPhone 13 Pro together captured over two-thirds of sales volume within the ultra-premium price segment. This was driven by strong volume growth in the US, China, and Western Europe. In China, the sales in the >US$1000 price segment grew 176% YoY in Q1 2022. The segment alone captured over one-fifth of China’s smartphone market value during the quarter. Apple emerged as the biggest winner from Huawei’s decline in the premium market. The premium market in China still holds potential, and will be driven by upgrades, especially by users from Huawei’s large installed base.

While Samsung was the second-best in the premium segment, its share has declined due to the delayed launch of the Galaxy S22 series compared to the S21 series launch in 2021. Counterpoint Research says that “the Galaxy S22 Ultra has been a hit combining the best of the S series and the Note series.”

The current generation of Apple smartphones, the iPhone 13 series brought a smaller notch for the first time since the iPhone X introduction, alongside battery and camera improvements. Apple has also pushed a new color for both regular and Pro models by the beginning of the year to boost sales.

Three months from now, the company is expected to introduce the iPhone 14, which you can learn more about it here.

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Source: https://9to5mac.com/2022/06/23/apple-leads-global-premium-market-iphone-13/