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Project Overview
Polygon is a decentralized Ethereum scaling platform that enables developers to build user-friendly, scalable dApps with low transaction fees without compromising security.
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.
Web3 fintech startup Jia completes $3 million seed funding round, with participation from Coinbase Ventures and others
: Web3 fintech startup Jia announced the completion of a $3 million seed funding round, with participation from Coinbase Ventures, Stellar Development Foundation, A100x Ventures, TCG, and Hashed Emergent.To date, Jia's total cumulative funding has reached $7.3 million. Jia currently operates multiple decentralized lending pools and introduces liquidity through networks including Base, Stellar, Arbitrum, and Polygon, while utilizing stablecoins for cross-border settlements to reduce remittance costs and settlement times.The new funds will be used to expand features such as corporate bank accounts and cash flow management.
SlowMist: Malicious GitHub Repository Disguised as Qwen Model Discovered
Odaily News – SlowMist security team has disclosed the discovery of a GitHub repository impersonating the Qwen 3.8 27B local quantized model. The repository claims the model size exceeds 16 GB, but the actual downloaded content is only about 487 KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. SlowMist emphasized that the official Qwen project has not been compromised. According to SlowMist's analysis, once executed, the malicious program collects host data, captures screenshots, and sends them to the attacker's C2 server. When the hardcoded server becomes inactive, it reads a backup C2 address from a contract on the Polygon chain, allowing attackers to rotate infrastructure through on-chain transactions. Subsequent payloads can steal browser login credentials, cookies, browsing history, email accounts, WinSCP and Steam credentials, as well as wallet-related files and extension data. SlowMist also discovered at least 23 GitHub repositories and 29 similar archive files using the same Lua delivery chain.
Jio Platforms Gets IPO Green Light, Once Launched Polygon Ecosystem Token JioCoin
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.
Polygon Labs Nears Completion of Coinme Acquisition, Simultaneously Initiates Layoffs
: Polygon Labs CEO Marc Boiron stated in a post that the company's acquisition of compliance payment service provider Coinme has entered its final stage. Upon completion of the transaction, the Coinme team will be fully integrated into Polygon Labs. This acquisition and integration is part of the company's overall restructuring plan, with the core goal of driving the enterprise towards profitability by 2027.Alongside the business integration, Polygon Labs is conducting a workforce reduction today. Marc Boiron explained that the company is transitioning from a blockchain foundation to a blockchain payment enterprise. The organizational structure and talent requirements for these two types of businesses are significantly different. This workforce adjustment is driven by strategic transformation needs and is not due to employee performance issues.The official also revealed that the company's current revenue situation is improving, with stablecoin transaction volumes continuously setting new records and the rollout of on-chain payment products accelerating. The enterprise will provide severance compensation and supporting assistance to affected employees.
Visa Partners with Artemis to Release On-Chain Data Report on AI Agent Payments
According to Visa's official website, Visa and Artemis jointly released a report that deeply analyzes the current status and trends of AI agent payments based on real-time on-chain data. The report indicates that AI agent payments are divided into two categories: one is "macro commerce" where agents replace users to complete tasks like booking tickets and subscriptions, similar to traditional e-commerce payments; the other is "micro commerce" such as high-frequency, low-value API calls between software, where single transaction amounts are typically less than 1 cent. On-chain data shows that the open protocol x402, incubated by Coinbase and Cloudflare and now hosted by the Linux Foundation, has processed approximately 109 million transactions since launching in May 2025, with an adjusted transaction volume of about $15 million, mainly active on the Base, Solana, and Polygon chains; the Machine Payment Protocol (MPP), jointly built by Stripe and Tempo with Visa's contribution, launched in mid-March 2026 and completed approximately 115,000 transactions within weeks, with a settlement amount of about $25,000. The report notes that blockchain settlement costs have dropped to extremely low levels, making small payments in the 1-cent to 1-dollar range economically feasible for the first time, but agent payments still face significant challenges at the legal and regulatory level regarding trust, liability attribution, and dispute resolution. Visa stated that its goal is to build a unified foundation that simultaneously supports card-native trust authorization and machine-native settlement
AllUnity Launches SEKAU, a Swedish Krona Stablecoin
Digital asset company AllUnity has launched SEKAU, a stablecoin backed by the Swedish Krona. The token is issued in accordance with the EU's Markets in Crypto-Assets Regulation (MiCA) and operates as an electronic money token under MiCA.SEKAU is backed by segregated Swedish Krona reserves and is designed for institutional settlement and cross-border payments. Banking Circle will hold and manage the reserves backing the token, with Sweden's Marginalen Bank serving as the banking partner for the launch, while Trust Anchor Group provides infrastructure integration.SEKAU's initial launch covers five blockchain networks: Ethereum, Solana, Base, Tempo, and Polygon. AllUnity stated that it plans to expand SEKAU to more blockchain networks later in 2026. (Cointelegraph)
Mastercard Expands On-Chain Settlement Network, Supporting Stablecoins and 24/7 Fund Settlement
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
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.
Bitget Wallet Opens Full-Token Payment Capability, Enabling Real-World Spending with Any Token
Bitget Wallet has officially launched full-token payment capabilities, allowing users to use thousands of cryptocurrencies beyond just USDT/USDC for card top-ups and QR code payments, eliminating the need for manual swaps or cross-chain transfers. This feature is now available in over 50 countries and regions across Asia-Pacific, Europe, Latin America, and select emerging markets.The initial range of supported tokens includes mainstream assets such as USDT, USDC, ETH, SOL, BNB, BGB, and POL; ecosystem and community tokens like SHIB; as well as regional stablecoins like BRZ (Brazilian Real-backed stablecoin) and XSGD (Singapore Dollar-backed stablecoin). This capability is powered by Onchain Payments Matrix and currently supports over 10 public chains, including Polygon, BNB Chain, Ethereum, and Base, with continuous expansion of supported tokens and networks underway.Through this move, Bitget Wallet aims to integrate on-chain assets into users' everyday consumption and payment scenarios, further enhancing the practical utility of cryptocurrencies and ensuring users can spend any token for real-world purchases.
Block's Cash App to Phased Rollout Stablecoin Payment Feature
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
Polygon Discloses Multiple PoS Network Security Vulnerabilities, Resolved via Two Hard Forks
According to Cointelegraph, Polygon disclosed several previously undisclosed security vulnerabilities affecting its Bor and Heimdall clients, which could lead to denial of service (DoS), validator resource exhaustion, and anomalies in checkpoint and milestone processing. The relevant vulnerabilities have currently been patched through two hard forks: Austin and Kyoto.
Polygon Fixes Multiple Security Vulnerabilities, Austin and Kyoto Forks Go Live
Polygon disclosed multiple hidden security vulnerabilities affecting its PoS network and implemented preventive fixes through a recent fork, with no evidence of actual exploitation.
SlowMist: Malicious GitHub Repository Disguised as Qwen Model Discovered
Odaily News – SlowMist security team has disclosed the discovery of a GitHub repository impersonating the Qwen 3.8 27B local quantized model. The repository claims the model size exceeds 16 GB, but the actual downloaded content is only about 487 KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. SlowMist emphasized that the official Qwen project has not been compromised. According to SlowMist's analysis, once executed, the malicious program collects host data, captures screenshots, and sends them to the attacker's C2 server. When the hardcoded server becomes inactive, it reads a backup C2 address from a contract on the Polygon chain, allowing attackers to rotate infrastructure through on-chain transactions. Subsequent payloads can steal browser login credentials, cookies, browsing history, email accounts, WinSCP and Steam credentials, as well as wallet-related files and extension data. SlowMist also discovered at least 23 GitHub repositories and 29 similar archive files using the same Lua delivery chain.
The Sandbox plans 1:1 compensation, approximately $700K in SAND stolen in bridge vulnerability exploit
blockchain gaming platform The Sandbox has announced it will compensate users who held bridged SAND on Base or BNB Smart Chain prior to the August 21 bridge vulnerability exploit at a 1:1 ratio. The compensation will be paid using Ethereum-based SAND from the project treasury, with no new tokens being minted.The attack resulted in approximately 14.744 million SAND being stolen from the Ethereum treasury, valued at around $700,000. The claims process is expected to open within two weeks and will last for two weeks; two centralized exchanges holding over 72% of eligible balances will directly distribute compensation to affected customers.The Sandbox stated that the attacker exploited a configuration vulnerability in SAND contracts on Base and BNB Chain, becoming the sole validator of bridge messages and minting unbacked tokens. Additionally, over 339 trillion unbacked SAND tokens were minted across the two networks, but these have been quarantined and cannot be bridged or exchanged. SAND on Ethereum and Polygon was unaffected, and the compromised bridge contracts will be permanently decommissioned. (Cointelegraph)
1:1 compensation for legitimate holders prior to the vulnerability incident; The Sandbox will reimburse cross-chain SAND using treasury funds
Odaily News, The Sandbox has released a post-mortem report on the August 22 vulnerability incident. The report shows that attackers exploited vulnerabilities in contracts related to cross-chain configurations on Base and BNB Smart Chain (BSC), stealing 14,742,341.84 SAND from the Ethereum treasury, accounting for approximately 0.5% of the maximum supply, with an estimated economic impact of approximately $1.4968 million, of which about $987,000 was actually retained by the attackers. The Ethereum mainnet and Polygon network were not affected. Until further notice, please do not purchase or send SAND on Base or BNB Smart Chain. Contracts deployed on Base and BNB Smart Chain have been permanently deactivated and will not be reopened. The Sandbox stated that the team has reported the attacker's wallet address to blockchain analysis firms TRM Labs and Chainalysis, and has communicated directly with relevant exchanges. The Sandbox also announced a compensation plan, which will compensate wallets that legitimately held cross-chain SAND on Base or BSC prior to the incident at a 1:1 ratio in Ethereum SAND. Compensation funds will come from The Sandbox treasury, with no new tokens issued. The claim process will open within the next two weeks and remain open for two weeks.
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.
Gate launches "FOMO Hunter" zone, enabling one-stop on-chain Meme trading with 0 Gas fees
Odaily News: Gate has officially launched a new one-stop on-chain trading product, "FOMO Hunter," aggregating hot multi-chain assets and Meme trading scenarios. It covers multiple major public chains including Robinhood, SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, supporting hot Memes, promising small-cap tokens, and various other types of on-chain assets.In terms of trading fees, "FOMO Hunter" applies a unified 0.5% buy and sell fee rate. Users trading Robinhood Chain assets through "FOMO Hunter" can also enjoy a limited-time Gas (network fee) waiver. For the trading experience, users can directly trade on-chain using their Gate account assets without needing to create or connect a wallet, or frequently transfer assets or switch networks. They can also query real-time quotes and K-line charts via token names or contract addresses, enabling "search-to-trade." Additionally, "FOMO Hunter" focuses on a Meme social trading ecosystem, supporting features such as Callout leaderboards, KOL leaderboards, and active account displays. Furthermore, leveraging Gate's deep liquidity and high-performance matching engine, it further enhances on-chain trade execution efficiency while reducing wait times and slippage.This launch further lowers the barrier for users to participate in on-chain trading and enriches Gate's Web3 asset trading scenarios. Going forward, Gate will continue to improve its on-chain trading infrastructure and product experience, providing users with more convenient and diversified Web3 trading services.
Polygon Fixes Multiple Security Vulnerabilities, Austin and Kyoto Forks Go Live
Polygon disclosed multiple hidden security vulnerabilities affecting its PoS network and implemented preventive fixes through a recent fork, with no evidence of actual exploitation.
Polygon Labs: Legacy Nodes Require Urgent Upgrade After Austin and Kyoto Hard Forks
Polygon Labs issued an emergency client upgrade advisory stating that after the activation of the Austin and Kyoto hard forks, Polygon PoS nodes still running older versions of the Bor or Heimdall clients have diverged from canonical consensus and must upgrade and catch up to the on-chain state before they can rejoin the network.
Jio Platforms Gets IPO Green Light, Once Launched Polygon Ecosystem Token JioCoin
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.
1:1 compensation for legitimate holders prior to the vulnerability incident; The Sandbox will reimburse cross-chain SAND using treasury funds
Odaily News, The Sandbox has released a post-mortem report on the August 22 vulnerability incident. The report shows that attackers exploited vulnerabilities in contracts related to cross-chain configurations on Base and BNB Smart Chain (BSC), stealing 14,742,341.84 SAND from the Ethereum treasury, accounting for approximately 0.5% of the maximum supply, with an estimated economic impact of approximately $1.4968 million, of which about $987,000 was actually retained by the attackers. The Ethereum mainnet and Polygon network were not affected. Until further notice, please do not purchase or send SAND on Base or BNB Smart Chain. Contracts deployed on Base and BNB Smart Chain have been permanently deactivated and will not be reopened. The Sandbox stated that the team has reported the attacker's wallet address to blockchain analysis firms TRM Labs and Chainalysis, and has communicated directly with relevant exchanges. The Sandbox also announced a compensation plan, which will compensate wallets that legitimately held cross-chain SAND on Base or BSC prior to the incident at a 1:1 ratio in Ethereum SAND. Compensation funds will come from The Sandbox treasury, with no new tokens issued. The claim process will open within the next two weeks and remain open for two weeks.
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)
Related news
Gate launches "FOMO Hunter" zone, enabling one-stop on-chain Meme trading with 0 Gas fees
Odaily News: Gate has officially launched a new one-stop on-chain trading product, "FOMO Hunter," aggregating hot multi-chain assets and Meme trading scenarios. It covers multiple major public chains including Robinhood, SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, supporting hot Memes, promising small-cap tokens, and various other types of on-chain assets.In terms of trading fees, "FOMO Hunter" applies a unified 0.5% buy and sell fee rate. Users trading Robinhood Chain assets through "FOMO Hunter" can also enjoy a limited-time Gas (network fee) waiver. For the trading experience, users can directly trade on-chain using their Gate account assets without needing to create or connect a wallet, or frequently transfer assets or switch networks. They can also query real-time quotes and K-line charts via token names or contract addresses, enabling "search-to-trade." Additionally, "FOMO Hunter" focuses on a Meme social trading ecosystem, supporting features such as Callout leaderboards, KOL leaderboards, and active account displays. Furthermore, leveraging Gate's deep liquidity and high-performance matching engine, it further enhances on-chain trade execution efficiency while reducing wait times and slippage.This launch further lowers the barrier for users to participate in on-chain trading and enriches Gate's Web3 asset trading scenarios. Going forward, Gate will continue to improve its on-chain trading infrastructure and product experience, providing users with more convenient and diversified Web3 trading services.
Polygon Discloses Multiple PoS Network Security Vulnerabilities, Resolved via Two Hard Forks
According to Cointelegraph, Polygon disclosed several previously undisclosed security vulnerabilities affecting its Bor and Heimdall clients, which could lead to denial of service (DoS), validator resource exhaustion, and anomalies in checkpoint and milestone processing. The relevant vulnerabilities have currently been patched through two hard forks: Austin and Kyoto.
Polygon Fixes Multiple Security Vulnerabilities, Austin and Kyoto Forks Go Live
Polygon disclosed multiple hidden security vulnerabilities affecting its PoS network and implemented preventive fixes through a recent fork, with no evidence of actual exploitation.
Polygon Labs: Legacy Nodes Require Urgent Upgrade After Austin and Kyoto Hard Forks
Polygon Labs issued an emergency client upgrade advisory stating that after the activation of the Austin and Kyoto hard forks, Polygon PoS nodes still running older versions of the Bor or Heimdall clients have diverged from canonical consensus and must upgrade and catch up to the on-chain state before they can rejoin the network.
SlowMist: Malicious GitHub Repository Disguised as Qwen Model Discovered
Odaily News – SlowMist security team has disclosed the discovery of a GitHub repository impersonating the Qwen 3.8 27B local quantized model. The repository claims the model size exceeds 16 GB, but the actual downloaded content is only about 487 KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. SlowMist emphasized that the official Qwen project has not been compromised. According to SlowMist's analysis, once executed, the malicious program collects host data, captures screenshots, and sends them to the attacker's C2 server. When the hardcoded server becomes inactive, it reads a backup C2 address from a contract on the Polygon chain, allowing attackers to rotate infrastructure through on-chain transactions. Subsequent payloads can steal browser login credentials, cookies, browsing history, email accounts, WinSCP and Steam credentials, as well as wallet-related files and extension data. SlowMist also discovered at least 23 GitHub repositories and 29 similar archive files using the same Lua delivery chain.
Jio Platforms Gets IPO Green Light, Once Launched Polygon Ecosystem Token JioCoin
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.