ChainCatcher news, Polygon co-founder Sandeep Nailwal stated on social media that the DeepSeek R1 craze is very beneficial for the CryptoAI track.

ChainCatcher news, UK asset management company Fasanara Capital has announced the launch of the tokenized money market fund FAST, based on the Polygon blockchain. The fund will focus on the crypto industry, targeting clients such as stablecoin issuers, DeFi protocol libraries, and crypto funds.Fasanara plans to offer a return rate of 4.7%, and the fund's portfolio will include government bonds, long-term government bonds, other money market funds, and commercial paper. Fasanara has $140 billion in trading experience in the crypto space and is committed to providing innovative liquidity solutions for professional investors.

ChainCatcher message, Polygon has changed its official X account profile picture to a Trump NFT and stated: "A tribute to technological innovation, regulatory clarity, and the president who owns an NFT on Polygon."

ChainCatcher news, according to Techinasia, Asia's richest man Mukesh Ambani's Indian mobile network operator Jio Platforms has officially launched the reward token JioCoin based on the Polygon blockchain.The token has been integrated into the company's web browser JioSphere, marking the official entry of India's largest corporate group Reliance Industries into the virtual currency space. Jio Platforms had previously partnered with Polygon Labs to plan the addition of Web3 features to its existing products.

According to ChainCatcher news, as disclosed by wahle.moca on the X platform, possibly influenced by the TRUMP craze, the NFT series Trump Digital Trading Cards under Trump has reached a 24-hour trading volume of 2.38 million POL on Polygon, worth approximately 1.1 million dollars, with the current floor price around 1300 dollars, making this NFT series one of the best-performing NFT projects recently.

ChainCatcher news, according to Coindesk, Indian telecom and technology company Jio Platforms (JPL) announced a partnership with the Polygon development team Polygon Labs to launch Web3 and blockchain services in India. Jio Platforms is a wholly-owned subsidiary of Reliance Industries, owned by Asia's richest man Mukesh Ambani.According to the announcement, the partnership will leverage Polygon's blockchain technology to add innovative Web3 features to Jio Platform's existing applications and services, serving over 450 million users.

ChainCatcher news, according to official sources, the Polygon community funding program has announced the launch of its second season, with a total prize pool of 35 million POL. Independent grant distributors include Eliza Labs (ai16z), Crossmint, IoTeX, Thrive, and Gitcoin, covering areas such as: AI, DePIN, and Memecoins.

ChainCatcher news, according to Cryptonews, the Indian Railways has announced that it will provide NFT-based train tickets for pilgrims traveling to the MahaKumbh Mela. This event will leverage the speed and low transaction costs of the Polygon blockchain to ensure scalability and environmental sustainability. Tickets will be issued through the NFTrace platform, which focuses on the traceability of real-world assets.Chaincode Consulting is collaborating with IRCTC to enhance global participation through a digital experience while celebrating India's cultural heritage.

ChainCatcher message, Indian Railways has partnered with Chaincode Consulting to issue NFT-based tickets for the MahaKumbh Mela festival, integrating with the Polygon blockchain for scalability. The NFTs will be minted on the Polygon blockchain and provided through the Real World Assets (RWA) and traceability platform NFTtrace.

ChainCatcher news, ai16z co-founder Shaw posted on the X platform stating that he finds the idea of DePIN agents quite interesting. Although it is still in the early stages, one can imagine how it will develop. In addition, Shaw revealed that projects currently building on Polygon using Eliza can reach out for connections. Some grants are being established, but he hopes to first understand who is already engaged in development.

ChainCatcher news, according to Cryptoslam, the NFT sales data tracked by CryptoSlam across 23 blockchains shows that in December 2024, the total NFT sales amounted to approximately $889 million, a 58.35% increase from November's $561 million.Among these sales, NFT sales on the Ethereum chain accounted for 54.92%, approximately $488 million, ranking first. NFT sales on the Bitcoin chain accounted for 19.96%, approximately $178 million, ranking second. Following are Solana ($102 million), Immutable ($37.97 million), Mythos ($27.17 million), and Polygon ($19.96 million).

ChainCatcher news, Polygon officially announced on X that the Agglayer v0.2 testnet is now live, and the mainnet will be launched in early 2025.

ChainCatcher news, according to The Block, shows that members of the Polygon community have rejected a preliminary proposal (or pre-PIP) that suggested deploying over $1 billion in stablecoin reserves to generate yield.The proposal was put forward by Web3 risk provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, aiming to utilize approximately $1.3 billion in DAI, USDC, and USDT reserves in the PoS Chain bridge for yield generation.Polygon stated that community members expressed concerns about security issues and the lack of an opt-in mechanism for affected users, casting doubt on the feasibility of the proposal. Given the community's reservations, the proposal seems unlikely to pass, but this does not hinder Polygon from exploring innovative or even bold ideas in the future.

ChainCatcher news, Trading Strategy co-founder Mikko Ohtamaa criticized Polygon for using user-bridged USDC deposits for funding markets (such as Morpho), believing this practice poses multiple risks:Undermining the illusion of self-custody: Although the Polygon bridge is controlled by a multi-signature wallet, this operation breaks users' trust in self-custody.Attracting regulatory scrutiny: The movement of billions of dollars could attract significant attention from regulators and the media.Lack of user choice: Currently, users cannot choose whether to participate in this mechanism, resulting in a lack of transparency.Double counting issue: The bridged USDC is used for lending services on Polygon while also being utilized in Morpho on the mainnet.He suggested that Polygon explore more transparent methods, such as launching an independent bridging service that allows users to choose to convert USDC into "Polygon yield-bearing USDC." Additionally, he mentioned that Circle has launched a non-bridged version of USDC on Polygon, but due to its late introduction and incompatibility with the bridged version of USDC, it has not gained widespread adoption.

ChainCatcher news, according to The Block, Lido announced on Monday that it will stop Polygon staking services and informed users that they can withdraw funds before June 16, 2025. The announcement also stated that after June 16, 2025, users will withdraw through a browser tool.The announcement indicated that multiple factors prompted Lido to reassess and ultimately exit the staking service on the Polygon PoS chain, including limited user adoption, insufficient rewards, resource-intensive maintenance requirements, and changes in ecosystem dynamics.

ChainCatcher message, Lido posted on social media to remind stMATIC holders of important dates to keep in mind:Staking on Lido on Polygon will stop on December 16;From December 16 to June 16, 2025, there will be a transition period during which withdrawals can be processed through the Lido on Polygon UI;From January 15 to January 22, 2025, the protocol will be paused and will resume operation afterward, during which no withdrawals can be processed;On June 16, 2025, front-end support will end, and withdrawals can only be made through browser tools.The Lido community had previously released a discussion proposal in October to initiate a sunset process for the staking protocol Lido on Polygon, similar to that on Polkadot and Kusama.

ChainCatcher message, the Aave community received a proposal from Aave Chan, suggesting to withdraw its lending services from the PoS chain of Polygon. This move is a response to Polygon's proposal to use cross-chain stablecoins for yield generation.