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 news, according to The Block, Web3 risk provider Allez Labs has drafted a Pre-Polygon Improvement Proposal in collaboration with DeFi protocols Morpho and Yearn, seeking input from the Polygon community on deploying approximately $1.3 billion in stablecoin reserves (DAI, USDC, and USDT) from the Polygon PoS bridge.The proposal claims that due to the $1.3 billion in stablecoin reserves being idle, these funds represent an opportunity cost of about $70 million per year. The aim is to utilize these funds to incentivize additional activity within Polygon PoS and the broader AggLayer.The stablecoin reserves will be gradually deployed into ERC-4626 vaults tailored for each asset type. The DAI reserves are proposed to be stored in Maker's sUSDS vault, while USDC and USDT will utilize the Morpho vault as the primary source of yield. According to the proposal, these vaults will be risk-managed by Allez.The proposal will be discussed through community forums and the dedicated governance committee for Polygon.

ChainCatcher news, Polygon PoS announced the Naples upgrade, aimed at improving performance and expanding capabilities, while also bidding farewell to the long-serving Mumbai testnet, which will go offline in April. As a replacement, the Amoy testnet has been launched, supporting a wider range. This upgrade introduces RIP-7212 support, improvements in parallel processing, and new opcodes related to the Ethereum Cancun upgrade, further enhancing network performance and developer experience.

ChainCatcher news, according to Twitter user Yu Jin monitoring, former NBA Dallas Mavericks owner, billionaire Mark Cuban's wallet address redeemed 2.82 million MATIC (approximately 2.57 million USD) from the Polygon PoS staking contract 7 hours ago and transferred it to Coinbase. Mark Cuban received 2.5 million MATIC from the Polygon Ecosystem Growth address in May 2021 and deposited it into PoS staking.

ChainCatcher news, Circle announced the launch of the Cross-Chain Transfer Protocol (CCTP) on the Polygon PoS mainnet. Currently, CCTP allows the transfer of USDC between Arbitrum, Avalanche, Base, Ethereum, Noble, Optimism, and Polygon PoS.

ChainCatcher news, Polygon announces the launch of a new one-stop portal, Polygon Portal, for cross-chain and asset management between Ethereum, Polygon PoS, and Polygon zkEVM on a single platform, also integrating multiple third-party cross-chain bridges.

ChainCatcher message, PeckShield monitoring shows that the address marked as FTX/Alameda received approximately 11.5 million MATIC (worth about 9.8 million USD) from the Polygon (Matic): PoS staking contract.

ChainCatcher news, under the regulation of the European Securities and Markets Authority (ESMA), the European fintech company 21.finance is building a regulated securities token market infrastructure on Polygon PoS. 21X will enable the trading and settlement of tokenized stocks, bonds, and fund instruments based on smart contracts.

ChainCatcher news, Circle announced on social media that native USDC has now launched on Polygon PoS, and developers and users can access it without bridging.Previously, before the launch of native USDC, the USDC Ethereum bridge on block explorers like PolygonScan will be renamed to USDC.e. Ecosystem applications will also be contacted to make the same changes to their application UI and documentation.

ChainCatcher news, Polygon announced that Google Cloud has officially become a validator of the Polygon PoS network this month. Polygon stated that the infrastructure of YouTube and Gmail will help secure its network, which currently has over 100 validators. It is reported that a few months ago, T-Mobile's parent company Deutsche Telekom also became a validator of Polygon PoS.

ChainCatcher news, according to the official Circle blog, native USDC will be launched on Polygon PoS on October 10, which will open the transition for ecosystem applications, developers, and users to bridge USDC. This transition will also stop supporting deposits and withdrawals of bridged USDC through Circle accounts and their API on November 10, meaning that Circle accounts and their API will only support native USDC.It is reported that before the launch of native USDC, the USDC Ethereum bridge on block explorers like PolygonScan will be renamed to USDC.e. There will also be communication with ecosystem applications to make the same changes to their application UI and documentation.

ChainCatcher news, citing sources from The Block, reports that USDC will be launched on six new blockchains including Polygon PoS, Base, Polkadot, NEAR, Optimism, and Cosmos through the Noble network.Earlier, ChainCatcher reported that Coinbase officially announced on social media that it has invested in Circle to continue its long-term adjustments and investments in stablecoins, particularly USDC. The specific details of the equity acquisition have not been disclosed, and USDC also plans to launch on six new blockchains.

ChainCatcher news, Polygon has released a proposal to upgrade Polygon PoS to zkEVM Validium, making its main chain compatible with zero-knowledge (ZK) technology. Polygon PoS will inherit the security of the Ethereum mainnet. If the proposal is approved, the upgrade could go live on the mainnet by the end of the first quarter of 2024. This upgrade will bring higher security, faster transaction confirmations, and expand the blockchain. (source link)

ChainCatcher news, Polygon stated that the Polygon PoS chain has completed the Parallel EVM upgrade, which is inspired by the Block-STM engine developed by Aptos Labs, deploying a parallel engine for the Polygon PoS chain's EVM in Go language.It is reported that the upgraded Polygon PoS chain can handle multiple transactions simultaneously, which can improve its throughput and expand transaction processing speed. (source link)