Altcoin listed on Binance sharply falls even after favorable news.

crypthub

3 days ago

Integration Overview

Magic Labs, the wallet provider for Polymarket and Naver, is adding Newton Protocol’s SDK to its platform. The move brings programmable compliance directly to the transaction layer for its 50 million wallets. This marks the largest‑scale deployment of a programmable compliance infrastructure to date. Jaemin Jin, co‑founder of Magic Labs, said the integration secures both accounts and transactions.

Developer Impact

Over 200 000 developers in the Magic ecosystem will now access Newton’s policy layer. They can embed verifiable policy enforcement and automated risk management into apps. The integration makes on‑chain compatibility a native feature for hundreds of thousands of projects. Mohammad Akhavannik highlighted the scalability benefits for application developers.

Market Reaction

Despite the technical advance, NEWT’s price fell after the announcement. Charts show a noticeable decline following the news. The slide is noted as non‑investment advice. The price movement contrasts with the positive development outlook.