#token

Migration to POL should be undisturbing for all - a promise Polygon aims to keep for its developers and users. Reimagining the MATIC token, they propose it to function both as gas and as the main token within the Polygon environment. And yes, POL staking is on the table. Continuity is key: the redefined POL token's code will preserve its features, safeguarding compatibility. The grand finale, Polygon 2.0's definitive update, is slated for a next-year debut.

After launching its new token, NEXT, Connext experienced a Sybil attack during the airdrop phase. A perpetrator managed to acquire $38,000 in tokens, which were earmarked for genuine users. Notably, Connext is a protocol built for the secure transfer of both assets and data across different networks. Interestingly, the project’s prior efforts to implement an anti-Sybil program proved to be ineffective in preventing the hacking attempt.

Shibarium, the Layer 2 blockchain by Shiba Inu's creators, is back in action. After a temporary shutdown due to scalability issues, the team has reopened withdrawals on its bridge to Ethereum. The pause initially locked millions in user funds and caused community unrest. Now, the mainnet and bridge are fully functional, allowing withdrawals of various assets like SHIB, LEASH, and WETH within 45 minutes to 3 hours. BONE token withdrawals are also back but may take up to 7 days.

Srettha Thavisin became the Prime Minister of Thailand and continued to discuss the idea of an airdrop for all citizens of the country over the age of sixteen. Under the preliminary terms, each individual will receive 10,000 Thai baht (approximately $300) in a national token and will be able to spend it within a four-kilometer radius of their residence. The initiative has not yet received approval among politicians, as its cost is estimated at $14.3 billion, and financiers have questioned the feasibility of using blockchain for such campaigns. Apparently, the promises about airdrop was not unnecessary for victory!

The rollout of Aerodrome, a low-fee token swap platform, has propelled Base's Total Value Locked (TVL) to a noteworthy $400 million. This milestone has not only allowed Base to outpace zkSync Era, which stands at $384 million, but also fueled a 56% TVL growth for Base in the past week alone. "The growth has been extraordinary and is a validation of our thesis that ecosystem native DEXs can win," said Alexander Cutler, co-founder of Aerodrome,

On August 30, Judge Katherine Polk Failla delivered a significant ruling on a case brought forth by Uniswap users who alleged they lost funds due to scam tokens on the platform. She stated that ETH and Bitcoin qualify as crypto commodities, a pivotal factor in her decision to close the Uniswap case.J udge was not persuaded by arguments suggesting Uniswap token sales were subject to the Exchange Act. Failla is also the judge overseeing the SEC’s case against Coinbase.

Security company PeckShield has issued a warning to users about a phishing attack conducted by a scammer who has stolen over $675,000 in the past five days. He exploits USDT token permissions. Users are therefore advised to promptly verify and revoke any suspicious accesses to safeguard their assets.