Circle Enables Minting of USDC on Polygon, Streamlining Transactions and Access to DeFi Applications
Circle, the stablecoin issuer, has launched a new initiative that allows users and developers to mint USD Coin (USDC) directly on the Ethereum layer-2 scaling protocol, Polygon. This eliminates the need to bridge the stablecoin from Ethereum to another blockchain, simplifying the process. The integration promises near-instant transactions with minimal fees, making it crucial for a range of applications, including payments, remittances, trading, borrowing, and lending. <br>
Google Cloud joins Polygon PoS network as validator, helping to secure fast, low-cost Ethereum protocol
Google Cloud has become a validator on the Polygon PoS network, joining over 100 other validators. The same infrastructure used for YouTube and Gmail is now being used to secure the fast and low-cost Ethereum-for-all Polygon protocol. Validators on the network secure it by operating nodes, staking MATIC, and participating in proof-of-stake consensus mechanics. Google Cloud describes its relationship with Polygon Labs as an ongoing strategic collaboration.
Outlier Ventures partners with Polygon to launch Polygon Base Camp, four startups to receive $100,000 in direct investment
Outlier Ventures and Polygon have announced the joint launch of the fourth Polygon Base Camp, which focuses on two themes: using decentralized finance (DeFi) technology to attract the next billion users of banking infrastructure; and applying NFT technology to the real world through tokenization and circulation. According to the announcement, the four selected startups Alcancia, Tropykus, Junkyard, and LIQ will receive 360-degree support from theme experts, Polygon team, and shared mentor network, as well as a direct investment of $100,000 to guide them in completing the plan.
Polygon zkEVM mainnet beta will receive Dragonfruit upgrade on September 20
Polygon zkEVM mainnet test version will undergo the Dragonfruit upgrade on September 20th at 7:30 AM UTC (3:30 PM Beijing time), lasting approximately 2 hours. Once Dragonfruit is implemented, the Polygon zkEVM mainnet test version will be synchronized with the latest version of Solidity, maintaining the equivalence of Rollup and EVM by incorporating support for the latest EVM opcode PUSH0. The network will be available during the upgrade period, however, it is expected to experience approximately 2 minutes of downtime to facilitate the restart of the sequencer.
Polygon Announces Major Network Upgrade and Layer 2 Bridge Resync
Polygon, a major player in the world of cryptocurrencies, has announced plans for a network upgrade and resynchronization of its Layer 2 Bridge on September 18, 2023. The upgrade will not disrupt the overall stability of the ecosystem and will provide enhanced security, improved scalability, optimized performance, and future-proofing the platform.
Polygon Co-founder: Recursive ZK Proof Technology Will Be the Key to Realizing the Aggregator Layer and Is Expected to Be Deployed in the Next Few Months
Polygon, co-founder Sandeep Nailwal shared important information about the development of the Polygon ecosystem at the Token2049 conference. Polygon plans to invest $1 billion to develop a scalable solution based on zero-knowledge (ZK) proofs to further enhance the Ethereum ecosystem.
Diesel Offers NFT Access Passes for Milan Fashion Week
Diesel has released 300 limited-run NFTs in collaboration with Public Pressure, a dedicated NFT music marketplace, for $60 each. The NFTs, held on the Polkadot and Polygon blockchains, offer exclusive access to Diesel's Spring 2024 collection at Milan Fashion Week, as well as music events and virtual experiences.
Polygon zkEVM mainnet beta version will undergo Dragon Fruit upgrade
Polygon zkEVM mainnet test version will undergo its first major upgrade - Dragon Fruit, also known as ForkID5, requires an upgrade to the Polygon.zkEVM.sol consensus contract. According to the governance model of Polygon zkEVM, the upgrade process has been initiated and executed, and is expected to be completed on September 10th.
13,369,985 MATIC Transferred From Unknown Wallet to Polygon Stake
Data shows at 3:32 PM Beijing time today, 13,369,985 MATIC (worth approximately $7,312,801) was transferred from an unknown wallet to Polygon Stake.
0x108 Address Transferred 10 Million MATIC to Binance, Which Is About 5.55 Million US Dollars
September 8th, according to monitoring by @EmberCN, a multi-signature address transferred 14 million MATIC (approximately $7.77 million) to address 0x108 a few hours ago, and then address 0x108 transferred 10 million MATIC (approximately $5.55 million) to Binance 2 hours ago.
In the past 2 months, this multi-signature address has transferred out a total of 54 million MATIC, including:
20 million MATIC to Binance;
20 million MATIC to GSR Markets;
14 million MATIC to address 0x108.
Polygon Labs CEO: The Address for Selling MATIC Is Not From the Polygon Foundation
Marc Boiron, CEO of Polygon Labs, stated that the address selling MATIC does not come from the Polygon Foundation. Previously, reported that the Polygon Foundation address 0x8d36 had deposited 6 million MATIC (3.35 million USD) into Binance in the past two days. Another Polygon Foundation address, 0xf957, had deposited 4.6 million MATIC (2.57 million USD) into Binance in the past 30 days.
Polygon Foundation-Related Addresses Deposited a Total of 10.6 Million MATIC Into Binance in the Past 30 Days
According to Lookonchain monitoring, an address labeled "Polygon Foundation: 0x8d36" has deposited 6 million MATIC tokens (worth about 3.35 million US dollars) into Binance in the past 2 days. Another address labeled "Polygon Foundation: 0xf957" has deposited 4.6 million MATIC tokens (worth about 2.57 million US dollars) into Binance in the past 30 days.
Stake Hacker Transferred 126,444.44 MATIC to New Address
MistTrack announced on social media X (formerly Twitter) that the Stake hacker (0xf83...3dc) on Polygon has just transferred 126,444.44 MATIC to a new address (0x22b...63f).
Casio Partners With Polygon To Launch Virtual G-SHOCK Watch and NFT-Based Community Access Passes
Casio, the Japanese electronics company, has partnered with Polygon Labs, an Ethereum scaling developer, to launch its virtual G-SHOCK watch on Polygon's protocols. The launch will begin with an NFT-based collection of community access passes, with users able to claim one of 15,000 passes from September 23.
Lufthansa Launches NFT-Infused Loyalty Program for Passengers
Lufthansa Group has unveiled its NFT-based loyalty program, which allows passengers to exchange their boarding pass for NFT trading cards that can unlock airline miles, business vouchers, and other travel rewards. The program is powered by Polygon's proof-of-stake blockchain protocol and was developed by Lufthansa's digital innovation unit and its frequent flyer program, Miles & More. <br>
The previously attacked Polygon ecological project 0VIX changed its name to Keom
On August 31st, it was announced that 0VIX Protocol, a Polygon ecosystem project that was attacked in April, has been renamed to Keom. The 0VIX DAO will vote to merge 0VIX Lending on PoS and zkEVM with Keom. The Keom landing page is now online, and all social accounts will be changed to Keom. The protocol states that the goal of this renaming is to fully recover and enhance risk measures to reduce potential vulnerabilities.
Previously, in late April, 0VIX Protocol, a Polygon ecosystem project, was hacked, resulting in the theft of $2 million in assets, including 600,000 USDT and 1.45 million USDC. BlockSec stated that the root cause of the attack on 0VIX was a flaw in the price calculation of the deflationary token.
Venus Protocol Integrates with Polygon zkEVM for Enhanced User Experience and Scalability
Venus Protocol, a decentralized money market, has conducted a snapshot vote among its community to integrate Venus Money Mark Protocol with Polygon zkEVM. The integration with Polygon zkEVM promises to offer users a smooth transition while retaining the compatibility of tools and smart contracts, and Venus Protocol is set to embark on a journey that could redefine the DeFi landscape.
The Polygon ecological project 0VIX launched a proposal to enhance the smart contract code of the 0VIX protocol
The Polygon ecological project 0VIX initiated proposal 0IP-28, which seeks to approve code enhancements to the 0VIX protocol smart contract to enhance its defense capabilities against identified economic vulnerabilities, including vulnerabilities related to oracle vulnerabilities.
Previously reported, the 0VIX Protocol was hacked, and the root cause was a flaw in the price calculation of deflationary tokens. The 0VIX attacker transferred 310 ETH to Tornado Cash.
Shiba Inu Lead Developer Releases Final Shibarium Scaling Update
Shytoshi Kusama, the lead developer of Shiba Inu, has announced the reopening of the L2 network to the public after successfully scaling Shibarium. Kusama expressed his gratitude to Polygon, Unification, and other developers for their support during the mainnet down situation. Shibarium has accumulated over 65,000 wallets and 350,000 transactions, and its mainnet has been producing blocks since August 24.
FIBA launches NFT collectibles for Basketball World Cup
On August 24th, the International Basketball Federation partnered with blockchain technology provider Venly to release NFT collectibles for the 2023 Basketball World Cup. This NFT series will be minted on Polygon and includes four different rarity levels: Fan's Frenzy, National Pride, Ultimate Courtside, and Golden Glory. Currently, this NFT series is available on the official website of the International Basketball Federation.
