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Polygon

Stripe’s USDC Transfers Exceed $100 Million on Polygon, Base, Ethereum

by admin October 4, 2025

Stripe hits $100 million in USDC transfers across Polygon, Ethereum, Base
More and more corporations join stablecoin race

Stripe, a leading global fintech company, hit an all-time high in USDC stablecoin transfers. In September 2025 alone, the platform processed over $17 million in USDC via three blockchains, with Polygon (POL) outshining Ethereum (ETH).

Stripe hits $100 million in USDC transfers across Polygon, Ethereum, Base

Stripe’s Global Financial Accounts service eclipsed a cumulative $100 million in transfers via the USDC stablecoin. This massive amount was processed on three blockchains: Polygon (POL), Ethereum (ETH) and Base.

Such results were shared by Alex Obchakevich, seasoned cryptocurrency researcher and investor, with his 64.5K followers on X yesterday, Oct. 3, 2025.

In September 2025, the platform set a new all-time high in terms of stablecoin rails’ usage. Stripe transmitted $17 million in USDC coins. Since May 2025, Polygon (POL) has been processing more value than Ethereum (ETH), the Dune dashboard by Obchakevich says.

In total, Polygon (POL) was responsible for $51 million in equivalent, Ethereum (ETH) processed $48 million, while Base totaled $3 million.

The service is available in over 100 countries and territories globally. Paxos, a U.S. fintech heavyweight, is handling the technical side of the integration.

More and more corporations join stablecoin race

In 2025, more and more Web2 digital payment systems are exploring the opportunities of stablecoins. Last week, PayPal launched Aave incentives for its PYUSD stablecoin.

As covered by U.Today previously, Ripple president Monica Long named TradFis integrating stablecoins as one of the hottest trends of 2025.

Binance To Halt Polygon Withdrawals To Support Network Upgrade

by admin October 4, 2025

Global cryptocurrency exchange Binance has announced it will suspend deposits and withdrawals for tokens on the Polygon (POL) network next week to facilitate an upcoming protocol update and hard fork.

The move is a standard operational procedure to ensure the smooth transition of assets during core blockchain maintenance. The network upgrade, dubbed the “Rio” hard fork, is a crucial phase in Polygon’s ongoing technical roadmap, targeting substantial improvements in network scalability and efficiency.

According to the announcement, the temporary suspension is scheduled to begin at approximately 13:12 UTC on October 8, 2025. The hard fork itself is expected to take place about an hour later, at the specific block height of 77,414,656, or around 14:12 UTC.

Binance confirmed that the trading of Polygon-related tokens will remain unaffected during the maintenance window, and no action is required from users who hold POL or other tokens on the exchange. Deposits and withdrawals are expected to resume once the updated network is deemed stable.

Rio Upgrade Targets 5,000 TPS and Decentralization

The Rio mainnet upgrade is positioned as a foundational change to the Polygon Proof-of-Stake (PoS) chain’s architecture. The primary objective is to enhance the network’s capacity to handle high-demand applications, with the ultimate goal of supporting up to 5,000 transactions per second (TPS).

This scaling effort is part of the network’s broader “GigaGas” roadmap, which focuses on better accommodating global payments and the growing sector of tokenized Real-World Assets (RWAs).

The hard fork includes key technical proposals designed to optimize block production and validation. This includes PIP-64, the Validator- Elected Block Producer (VEBloP), which introduces a new block production model intended to increase network throughput and eliminate chain recognitions.

Additionally, PIP-72 introduces “Witness- Based Stateless Verification,” a feature that allows validator nodes to confirm blocks without needing to maintain the entire blockchain state, a change aimed at lowering hardware requirements and supporting decentralization.

While the brief pause in service may inconvenience users who need to move their tokens on the Polygon network around the specified time, the action ensures the exchange can manage all technical requirements for its users. The timeline for the reopening of deposit and withdrawal services will be solely dependent on the stability of the upgraded Polygon PoS mainnet.

Also Read: Polygon Teams Up with Cypher Capital to Expand POL Access

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October 4, 2025 0 comments

GameFi Guides

NPM Hack in Crypto: Polygon, Ledger, Trezor Share Important Statements

by admin September 9, 2025

Polygon, Ledger, Trezor break silence on yesterday’s NPM hack
Largest JavaScript NPM hack: What you should know

So far, no cryptocurrency service has reported losses as a result of clipper malware being injected into NPM packages, inevitable instruments for JavaScript developers. At the same time, cryptocurrency users should stay particularly vigilant these days.

Polygon, Ledger, Trezor break silence on yesterday’s NPM hack

According to official statements by cryptocurrency teams, more and more services have confirmed that their tech architectures are unaffected by the Sept. 8 NPM attack, the biggest hack in the history of JavaScript.

Polygon (POL), the largest layer-2 blockchain on Ethereum Virtual Machine, assured readers that both Polygon Proof-of-Stake and Agglayer are unaffected by the collapse.

Most importantly, similar statements have been released by the cryptocurrency wallet’s team. Hardware wallet producer Ledger, whose CTO Charles Guillemet informed the crypto space about the hack, stressed that all funds are safe.

Ledger devices are not and have not been at risk during an ecosystem-wide software supply chain attack that was discovered. Ledger devices are built specifically to protect users against attacks like these.

Trezor, another top-tier provider of hardware cryptocurrency wallets, outlined that at no stage were the gadgets exposed to the attackers.

Trezor Suite, an app necessary to connect Trezor wallets to computers, is also safe, the statement says.

Largest JavaScript NPM hack: What you should know

Yesterday, on Sept. 8, 2025, the account of a reputable JavaScript software developer was hacked. The malefactors uploaded tampered NPM packages — elements of JS code — infiltrated with the malware targeting crypto on all major blockchains.

Altered NPM packages might be downloaded billions of times as JS is one of the dominant programming languages right now.

Clipper malware replaces the address a victim sends crypto to with the address of the hacker. As a result, the user sends money to the attacker without knowing it.

All crypto users should be super cautious these days while sending funds on-chain and when signing approvals via Web3 wallets.

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September 9, 2025 0 comments

Crypto Trends

Polygon Dev Accuses Trump-Linked WLFI of Stealing Tokens

by admin September 6, 2025

A crypto developer has accused World Liberty Financial (WLFI), a crypto project with ties to US President Donald Trump, of stealing his funds by refusing to unlock his tokens.

In a Saturday post on X, Polygon DevRel Bruno Skvorc shared an email from WLFI’s compliance team, which flagged his wallet address as “high risk” due to blockchain exposure. The team said his tokens would not be released.

“TLDR is, they stole my money,” Skvorc wrote. “And because it’s the @POTUS [The president of the United States] family, I can’t do anything about it. This is the new age mafia. There is no one to complain to, no one to argue with, no one to sue.”

In response to another user, Skvorc claimed that he is one of six investors who were subject to 100% token lockups from the beginning. “It was not ‘high risk’ to accept money from this address, but it is high risk to unlock owed money into it,” he wrote.

Bruno claims WLFI stole his funds. Source: Bruno Skvorc

Related: Whales lose millions on Trump-linked WLFI’s 40% dip, despite 47M burn

Compliance tools to blame?

The incident sparked criticism of the compliance tools used by projects like WLFI. Onchain sleuth ZachXBT chimed in, explaining that automated tools often flag addresses as “high risk” for trivial or incorrect reasons, including interacting with DeFi contracts or exchanges.

“I helped a team manually review addresses for a presale because popular compliance tools labeled them high risk due to unrelated activity several hops away,” ZachXBT said. “These tools are deeply flawed.”

In Skvorc’s case, the flags were traced to a past transaction via crypto mixer Tornado Cash, indirect links to sanctioned entities like Garantex and Netex24, and a previous interaction with a now-blacklisted dashboard.

Based in Croatia, Skvorc is a blockchain developer who worked on Ethereum 2.0. He is also the founder of RMRK, a company integrating multi-resource NFTs into gaming metaverses.

Related: Crypto whales buy $456M Ether in ‘natural rotation’ from Bitcoin

Justin Sun’s WLFI tokens frozen

On Friday, Tron founder Justin Sun also revealed that his WLFI token allocation has been frozen. His wallet was blacklisted after blockchain trackers flagged a $9 million transaction, triggering accusations that he had started selling.

In a post on X, Sun called the freeze “unreasonable” and urged World Liberty Financial to unlock his tokens. He said the decision went against the core values of blockchain and called tokens “sacred and inviolable.”

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?

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September 6, 2025 0 comments

Crypto Trends

Polygon price to surge 45% as NFT sales, addresses, stablecoins jump

by admin August 31, 2025

Polygon price flipped a crucial resistance level as non-fungible token sales, stablecoin supply, and active addresses in the network jumped.

Summary

Polygon price rose as third-party data showed its ecosystem was growing.
NFT sales and buyers in its network jumped by double digits in the last 7 days.
The stablecoin supply in the Polygon ecosystem jumped to a record high.

Polygon (POL) jumped to a high of $0.2796, its highest level since March 3, and 80% above its lowest point this year.

Polygon active addresses and NFT sales rebound

Third-party data shows that the Polygon ecosystem network is making some improvements. According to CryptoSlam, NFT sales in its network jumped by 14% in the last seven days to $18.9 million as buyers soared 64% to 65,626.

This growth was driven by Courtyard, whose NFT sales jumped by 17% to $17 million. Its sales were much higher than the other three collections — CryptoPunks, DMarket, and Pudgy Penguin, combined.

NFT sales in other chains like Ethereum (ETH), Bitcoin (BTC), and BNB Chain dropped by 13%, 6.7%, and 54%, respectively.

Polygon price also jumped as Nansen data revealed that the number of active users in the network had jumped. They jumped by 10% in the last 7 days to 2.4 million, which is notable as most chains, including Solana and Base, lost active users.

Polygon price also rose after the US government moved some of its data to it and other chains. In its statement, the Commerce Department said that publishing the numbers on-chain helped to demonstrate the wide utility of blockchain technology.

Meanwhile, DeFi Llama data shows that Polygon is becoming a powerhouse in the stablecoin industry. The stablecoin supply has surged to a record high of $1.32 billion, a notable development following the recent signing of the GENIUS Act. Most importantly, Polygon now supplies more than half of all non-USD stablecoins.

Polygon supplies more than half of all non-USD stablecoins, with a lifetime FX transfer volume of $3.2B+

A strong indicator onchain payments are finding real product–market fit in developing economies, at global scale. pic.twitter.com/ZKIkUSOKfA

— Polygon (@0xPolygon) August 29, 2025

Polygon price technical analysis

POL price chart | Source: crypto.news

The daily timeframe chart shows that the POL price bottomed at $0.1655 in June and has been rising since then. It has flipped the important resistance level at $0.2620, the highest swing on July 22. It then retested the crucial $0.2796, the neckline of the double-bottom at $0.1655.

Polygon price also flipped the 200-day Exponential Moving Average into support. Therefore, the most likely scenario is where it continues rising as bulls target the 38.2% Fibonacci Retracement level at $0.3850, up by 46% from the current level.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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August 31, 2025 0 comments