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Polygon is a decentralized Ethereum scaling platform that enables developers to build user-friendly, scalable dApps with low transaction fees without compromising security.
WalaPay Closes $4.6 Million Seed Funding Round Led by General Venture Capital
Global payment infrastructure company WalaPay announced the closing of a $4.6 million seed funding round, led by General Venture Capital, with participation from Commerce Ventures, Polygon, AAF Management, Verda Ventures, NGC Ventures, FGV Capital, J² Ventures, Reflexive Capital, Big Brain Holdings, among others. WalaPay primarily provides infrastructure for cross-border payment scenarios, enabling account opening, fund collection, currency conversion, and global payments through a single integration. It connects underlying licenses, banking partners, and local payment networks, focusing on emerging markets such as Latin America, Africa, Asia, and the Middle East. The new funds will be used to acquire additional licenses, expand its banking partnerships, and grow its team.
Bank of England Tests Stablecoins and Digital Pound Cross-Border Interoperability
The Bank of England Digital Pound Lab, in collaboration with NOBO Finance, Dun & Bradstreet, and Polygon Labs, tested the interoperability of stablecoins and simulated digital pounds in cross-border trade finance, aiming to reduce settlement delays and financing constraints for SMEs.
Bank of England Launches Phase 2 of Digital Pound Lab, Testing Interoperability Between Stablecoins and Central Bank Digital Currency for Cross-Border Payments
According to CoinDesk, the Bank of England (BOE) announced that its digital pound project has officially entered the second phase, focusing on testing whether public stablecoins and Central Bank Digital Currencies (CBDC) can interoperate within a single payment stream to promote the modernization of cross-border trade finance. This experiment focuses on SME trade finance scenarios: exporters receive advance financing through stablecoin technology, while UK importers complete final settlement using the digital pound. Participants include UK fintech company NOBO Finance, global business data analytics firm Dun & Bradstreet, and blockchain company Polygon Labs. The three parties will integrate wallet transaction data, open finance information, and business intelligence to build reusable credit assessment profiles for SMEs. Polygon will provide stablecoin settlement infrastructure through its Open Money Stack, encompassing fiat currency exchange, wallet, and smart contract functionalities. The BOE emphasized that the laboratory does not involve real customers or funds, does not represent a decision to officially issue the digital pound, and the experimental results will serve as a reference for the joint assessment of the digital pound by the Bank of England and the Treasury later this year.
Bank of England's Digital Pound Project Enters Phase Two, Testing Stablecoin and Central Bank Currency Coordinated Payments
Odaily News: The Bank of England's (BOE) digital pound project has entered its second phase, testing whether publicly issued stablecoins and central bank currency can operate together in a single payment process for trade finance. The BOE will collaborate with NOBO Finance, Dun & Bradstreet, and Polygon Labs in its Digital Pound Lab to explore building reusable credit profiles for small businesses and research the use of stablecoins alongside a potential digital pound in invoice factoring. The experiments do not involve real customers or funds and are designed to provide a reference for the BOE and the UK Treasury in evaluating the interoperability of different forms of digital currency. (CoinDesk)
Hamilton Lane's Equity Strategy Fund Completes $3.8 Billion Fundraise
global private market investment management giant Hamilton Lane has announced that its direct equity strategy fund, Hamilton Lane Equity Opportunities Fund VI (EO VI), has completed a $3.8 billion fundraise. This amount exceeds the $2.1 billion raised for the previous fund. Participating investors include a diverse range of institutions such as public pensions, sovereign wealth funds, union pensions, endowments, foundations, and family offices. The fund will provide investors with diversified investment exposure.Hamilton Lane already has a presence in the crypto space. In March of this year, it made a strategic investment in the on-chain investment platform Republic. Additionally, its senior credit opportunity securitization fund, HLSCOPE, has approximately $9 million in total asset value on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe. (Bloomberg)
Hamilton Lane's First RMB Fund Plans to Raise $220 Million
According to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting to raise approximately 1 billion to 1.5 billion RMB (approximately $150 million to $220 million), with plans to complete by the end of this year; insiders revealed that the fund will raise capital from investors within China. Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partnership (QFLP) mechanism and converted them into RMB capital to invest in assets within China; its direct equity strategy fund Hamilton Lane Equity Opportunities Fund VI (EO VI) has completed fundraising of $3.8 billion. Hamilton Lane has already established a presence in the crypto sector, strategically investing in the on-chain investment platform Republic this March; its tokenized credit fund is already custodied on-chain, and the Senior Credit Opportunities Securitization Fund HLSCOPE has a total asset value of approximately $9 million on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Polygon Labs Completes Acquisition of Coinme, Entering the Payments Market with Stablecoin Infrastructure
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Gamdom Suffers Security Attack, Losses Exceed $4.2 Million
According to on-chain investigator vxdb, the Gamdom platform was targeted in a security attack. Preliminary data indicates that attackers stole approximately $2.2 million worth of assets across EVM-compatible chains, including Ethereum, BSC, Polygon, Arbitrum, and Optimism. Additionally, the Solana network suffered losses of around $965,000, while the TRON and Bitcoin networks each lost approximately $375,000 and $668,000, respectively. The total value stolen across all chains now exceeds $4.2 million.
Polygon Completes Acquisition of Coinme, Launches US-Regulated Payment Platform
According to Polygon's official blog, Polygon Labs announced the completion of its acquisition of Coinme, officially making its payment infrastructure product, Polygon Open Money Stack (OMS), a US-regulated payment platform. The platform currently covers 48 U.S. states, holds 37 state money transmitter licenses and 11 exemptions, and is registered with FinCEN as a money services business.
WalaPay Closes $4.6 Million Seed Funding Round Led by General Venture Capital
Global payment infrastructure company WalaPay announced the closing of a $4.6 million seed funding round, led by General Venture Capital, with participation from Commerce Ventures, Polygon, AAF Management, Verda Ventures, NGC Ventures, FGV Capital, J² Ventures, Reflexive Capital, Big Brain Holdings, among others. WalaPay primarily provides infrastructure for cross-border payment scenarios, enabling account opening, fund collection, currency conversion, and global payments through a single integration. It connects underlying licenses, banking partners, and local payment networks, focusing on emerging markets such as Latin America, Africa, Asia, and the Middle East. The new funds will be used to acquire additional licenses, expand its banking partnerships, and grow its team.
AllUnity launches MiCA-regulated dollar stablecoin USDAU, now live on six chains
Odaily reports: European stablecoin issuer AllUnity has launched the U.S. dollar stablecoin USDAU, its fourth fiat-backed stablecoin. USDAU maintains a 1:1 peg to the U.S. dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.AllUnity is regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) and has previously issued the euro stablecoin EURAU, the Swiss franc stablecoin CHFAU, and the Swedish krona stablecoin SEKAU. (Cointelegraph)
Polymarket Hacked: Over 700 Users Affected, Losses Approximately $3.46 Million
According to monitoring by Bubblemaps, the hack of a third-party service provider for Polymarket has resulted in the theft of assets belonging to over 700 users, totaling approximately $3.46 million. Of this amount, roughly $2.7 million has been converted to POL and transferred out, while approximately $0.75 million remains in Polymarket.
Polymarket suspected of frontend attack, trading switched to cancel-only mode
According to Decrypt, Polymarket has switched trading to cancel-only mode and paused relay operations due to a security incident, with multiple users reporting unauthorized asset transfers. The suspected attacker's address holds approximately $2.65 million in POL.
Stablecoin card cumulative top-ups reach $13.8 billion, with USDC leading consumer spending volume
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
SlowMist Unveils Details of Allbridge Bridge Attack: Forged CCTP Messages + Flash Loans, Insufficient Mint Verification
Odaily News, SlowMist Security Team disclosed that the cross-chain bridge project Allbridge suffered an attack on August 19, 2026, with losses of approximately $190,000. Notably, this attack was not executed instantaneously—the attacker began laying the groundwork nearly a month in advance, bypassing the verification mechanism through forged cross-chain messages.According to SlowMist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as CCTP-style, claiming a transfer of 1 million USDC, despite no actual USDC burn operation occurring. Subsequently, Circle generated a valid attestation for this complete message following standard procedures.Approximately 24 days later, on August 19, the attacker waited for the Base Router to receive a genuine CCTP deposit, bringing its balance to approximately 191,000 USDC, then launched the attack just 6 seconds later. Using the previously forged message and attestation, the attacker called Allbridge's receiveCctpMessage function. Due to the project's lack of critical validation, the system mistook the fraudulent cross-chain message for a genuine deposit and recorded a 1 million USDC credit.Subsequently, the attacker borrowed approximately 809,000 USDC temporarily via an Aave flash loan to match the Router's balance with the forged amount, then utilized the internal credit record to call the transfer function, ultimately moving out approximately 999,000 USDC (after deducting a 0.1% fee). After repaying the flash loan and fees, the attacker netted approximately $189,800 in profit. The root cause of this vulnerability lies in Allbridge's failure to verify the identity of the cross-chain message sender and receiver, as well as its failure to confirm whether USDC was genuinely minted or whether the balance actually increased—instead directly trusting the amount and message hash data constructed by the attacker.SlowMist emphasized that on-chain message verification does not equate to actual asset arrival. Cross-chain protocols must not only verify message authenticity but also ensure the message source is trustworthy, confirm the receiver is Circle's official TokenMessengerV2, and only record assets after confirming actual minting and balance changes. This incident once again highlights the security risks in cross-chain bridges' message verification and asset settlement processes.
Coinbase's x402 Protocol Processes 14 Million AI Agent Transfers in 30 Days, with Base Accounting for 7.3 Million
Odaily News: Cryptocurrency exchange Coinbase's x402 payment protocol has processed approximately 14 million AI agent transfers over the past 30 days, with the Base network handling 7.3 million transfers and the Polygon network processing 5.6 million. USDC covers nearly all of these transfers. x402 utilizes the HTTP 402 "Payment Required" mechanism, enabling software to automatically request and complete payments. Coinbase has expanded its related payment services to the Base, Solana, and Polygon networks, supporting USDC as the settlement asset. In July, Coinbase launched Coinbase Business, allowing enterprises to directly receive USDC payments from AI agents, with support for payment collection, reconciliation, and withdrawals. Coinbase has described agent payments as one of its "high-conviction bets." (Bitcoin.com News)
Coinbase will cease support for USDC deposits and withdrawals on the Noble network on August 17
Odaily News: Coinbase has announced that it will stop supporting USDC deposits and withdrawals on the Noble network as of August 17. USDC deposits and withdrawals on other supported networks, including Ethereum, Base, Solana, Arbitrum, Optimism, and Polygon, remain unaffected. Coinbase reminds users not to transfer funds to its Noble network USDC deposit address after August 17, as such funds may be irretrievable.
Aave V3 and V4 have fully lifted market freezes, with some assets temporarily maintaining 0 LTV
Aave officially stated that the precautionary freeze measures taken following the Binance security incident have now been lifted, and all markets on Aave V3 and V4 have returned to normal. Previously, after receiving initial information about the incident, Aave paused new deposits and borrowings, but users could still withdraw assets and repay loans normally. Aave emphasized that its smart contracts were not affected by the incident, and user positions remained fully collateralized at all times. As an ongoing precautionary measure, the LTV of USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG, and OP will temporarily remain at 0, and these assets cannot be used as collateral for new borrowings.
Polymarket Hacked: Over 700 Users Affected, Losses Approximately $3.46 Million
According to monitoring by Bubblemaps, the hack of a third-party service provider for Polymarket has resulted in the theft of assets belonging to over 700 users, totaling approximately $3.46 million. Of this amount, roughly $2.7 million has been converted to POL and transferred out, while approximately $0.75 million remains in Polymarket.
Polymarket suspected of frontend attack, trading switched to cancel-only mode
According to Decrypt, Polymarket has switched trading to cancel-only mode and paused relay operations due to a security incident, with multiple users reporting unauthorized asset transfers. The suspected attacker's address holds approximately $2.65 million in POL.
Polygon Releases Bor v2.10.3, Fixing Two Parallel Block Execution Denial-of-Service Vulnerabilities
Polygon Labs has announced the official release of Bor v2.10.3, which fixes two medium-severity denial-of-service vulnerabilities in BlockSTM V2 parallel block execution. Both issues were reported through the Immunefi bug bounty program.In addition, the new version includes multiple security and stability improvements, such as transaction filtering, RPC execution concurrency limits, and pending transaction cleanup. The team stated that the affected versions are Bor v2.10.1 and v2.10.2, where BlockSTM V2 is enabled by default, and that no exploitation of these vulnerabilities has been detected on the mainnet or the Amoy testnet. This upgrade does not involve a hard fork, and nodes can upgrade gradually as needed.
Gamdom Suffers Security Attack, Losses Exceed $4.2 Million
According to on-chain investigator vxdb, the Gamdom platform was targeted in a security attack. Preliminary data indicates that attackers stole approximately $2.2 million worth of assets across EVM-compatible chains, including Ethereum, BSC, Polygon, Arbitrum, and Optimism. Additionally, the Solana network suffered losses of around $965,000, while the TRON and Bitcoin networks each lost approximately $375,000 and $668,000, respectively. The total value stolen across all chains now exceeds $4.2 million.
Limit Break contract has a known vulnerability; Magic Eden Ethereum marketplace NFT traders need to revoke approvals
Odaily report: According to RevokeCash monitoring, if users have previously traded NFTs on the Magic Eden Ethereum marketplace, their wallets may have granted approval to Limit Break's Payment Processor contract; this contract currently has a known vulnerability, and it is recommended to revoke the approval. Magic Eden previously stated that NFTs currently still listed on its platform are not affected by this vulnerability; NFTs listed through its EVM marketplace between approximately February 2024 and October 2024 may be affected, while listings after October 2024 are in principle not affected. Magic Eden is contacting protocol owner and maintainer Limit Break to study other risk mitigation measures, including pausing protocol transfers, and continues to investigate the actual scope of impact.Users who have previously listed or traded NFTs on the Magic Eden EVM marketplace should revoke the relevant contract approvals on Ethereum, Polygon, and Base networks, and revoke all NFT approvals marked as "approved for all." Yuga Labs Blockchain Vice President Quit stated that the asset claim website for the Payment Processor vulnerability NFT theft incident has officially launched; affected users whose NFTs were successfully safeguarded can now claim, but must first revoke their approval to the Payment Processor.
Non-USDC ERC-20 tokens can now achieve cross-chain transfers via CCTP, Circle releases developer guide
Odaily reports: Circle has released a developer guide explaining how token issuers can enable cross-chain transfers for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already-issued ERC-20 tokens as custom CCTP connections; both approaches reuse Circle's messaging and attestation infrastructure and adopt a burn-and-mint model. Issuers can set their own owner, operator, pause permissions, rate limits, and per-transaction transfer caps, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.
Solana Launches Polygon Open Money Stack
Solana posted on X that Solana has now integrated @0xPolygon's Open Money Stack. This integration connects banking rails, wallets, and swaps to Solana, enabling enterprises to onboard through a single integration.
Polygon Open Money Stack Adds Solana Support, Connecting the Full Fiat-to-Stablecoin Payment Workflow
According to an official announcement from Polygon, Polygon Open Money Stack (OMS) now supports Solana. Through this service, enterprises can make deposits via bank transfers, cards, cash, or cryptocurrency, convert fiat into crypto assets on Solana, and manage funds using custodial or embedded wallets.
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Polygon Launches CDK Besu, Supports Ethereum Mainnet Deployment, Institutional Private Chains Can Connect to AggLayer
Polygon announced the launch of Polygon CDK Besu, enabling banks and financial institutions to deploy private blockchains based on Hyperledger Besu and connect to other blockchains and their liquidity via Agglayer from day one. It currently supports deployment on the Ethereum mainnet.
Polygon Labs Completes Acquisition of Coinme, Entering the Payments Market with Stablecoin Infrastructure
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Related news
Non-USDC ERC-20 tokens can now achieve cross-chain transfers via CCTP, Circle releases developer guide
Odaily reports: Circle has released a developer guide explaining how token issuers can enable cross-chain transfers for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already-issued ERC-20 tokens as custom CCTP connections; both approaches reuse Circle's messaging and attestation infrastructure and adopt a burn-and-mint model. Issuers can set their own owner, operator, pause permissions, rate limits, and per-transaction transfer caps, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.
Aave V3 and V4 have fully lifted market freezes, with some assets temporarily maintaining 0 LTV
Aave officially stated that the precautionary freeze measures taken following the Binance security incident have now been lifted, and all markets on Aave V3 and V4 have returned to normal. Previously, after receiving initial information about the incident, Aave paused new deposits and borrowings, but users could still withdraw assets and repay loans normally. Aave emphasized that its smart contracts were not affected by the incident, and user positions remained fully collateralized at all times. As an ongoing precautionary measure, the LTV of USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG, and OP will temporarily remain at 0, and these assets cannot be used as collateral for new borrowings.
Polymarket Hacked: Over 700 Users Affected, Losses Approximately $3.46 Million
According to monitoring by Bubblemaps, the hack of a third-party service provider for Polymarket has resulted in the theft of assets belonging to over 700 users, totaling approximately $3.46 million. Of this amount, roughly $2.7 million has been converted to POL and transferred out, while approximately $0.75 million remains in Polymarket.
Polymarket suspected of frontend attack, trading switched to cancel-only mode
According to Decrypt, Polymarket has switched trading to cancel-only mode and paused relay operations due to a security incident, with multiple users reporting unauthorized asset transfers. The suspected attacker's address holds approximately $2.65 million in POL.
Solana Launches Polygon Open Money Stack
Solana posted on X that Solana has now integrated @0xPolygon's Open Money Stack. This integration connects banking rails, wallets, and swaps to Solana, enabling enterprises to onboard through a single integration.
Polygon Open Money Stack Adds Solana Support, Connecting the Full Fiat-to-Stablecoin Payment Workflow
According to an official announcement from Polygon, Polygon Open Money Stack (OMS) now supports Solana. Through this service, enterprises can make deposits via bank transfers, cards, cash, or cryptocurrency, convert fiat into crypto assets on Solana, and manage funds using custodial or embedded wallets.