Our CrossTower Research Analyst, Martin Gaspar, talks with our Research Intern, Katherine Webb, about the current crypto news and market trends. Here are the highlights:

• Polygon, the Ethereum layer 2 scaling solution is merging with rollup platform Hermez Network in a 250 million MATIC deal (~$250 million).

• U.S. President Joe Biden’s administration plans to nominate Rostin Behnam as chairman of the Commodity and Futures Trading Commission (CFTC), according to a Bloomberg report. Behnam has been acting chairman since the begin of January and has been a commissioner since September 2017.

• Cardano has announced a September 12th release date for the "Alonzo" upgrade, which will result in smart contract functionality in the Cardano blockchain.

• Marathon Digital has  ...