Polygon (MATIC) Whale Activity Skyrockets by 16,263% Ahead of a Major Upgrade on Sept 4

Polygon's (MATIC) whale activity has skyrocketed by an astonishing 16,263% as the network gears up for a significant upgrade on September 4th.

(Monday Market Open) Good morning and welcome to the new trading week. Markets are set to open lower after the Dow closed at a record high on Friday. Keep an eye on oil prices and retail earnings this week. Here’s what else to watch in markets today:

- Markets to open lower after Dow closes at record high: Markets are set to open lower on Monday after the Dow Jones Industrial Average closed at a record high on Friday. The S&P 500 and Nasdaq Composite also closed higher last week.

- Oil prices rise on China demand hopes; OPEC+ output cut eyed: Oil prices rose on Monday on hopes of recovering Chinese demand and ahead of an OPEC+ meeting later this week that could see the producer group cut output further.

- Retail earnings: Several major retailers are set to report earnings this week, including Home Depot, Lowe's, Target, and TJ Maxx. Investors will be watching for signs of how consumers are faring amid rising inflation and interest rates.

- U.S. dollar slips from 24-yr peak as traders await Powell speech: The U.S. dollar slipped from a 24-year high on Monday ahead of a speech by Federal Reserve Chair Jerome Powell and as traders awaited more data on the world's largest economy.

- Elon Musk says Twitter deal 'cannot move forward' until company provides data on bot accounts: Elon Musk said on Monday that his $44 billion deal to buy Twitter Inc cannot "move forward" until the company provides him with the data he needs on bot accounts.

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