News

Yield suffered an extreme slippage loss of approximately $3.73 million during Vault operations, involving a transaction swapping stkGHO for USDC, where 3.84 million GHO were exchanged for only 112,000 USDC. (PeckShield)

ChainCatcher news, according to Golden Ten Data, market analyst Ella Zezi stated that the relief brought by the lack of a substantial rise in US inflation has led to blind optimism in the market and pushed up bond yields. The overall CPI year-on-year increase is 2.7%, which means the core PCE annual rate will be below 2.5%, clearing the way for the Federal Reserve to take a more dovish stance. Although a rate cut in January is still not considered a certainty, this undoubtedly brings the possibility of a March rate cut officially into consideration.

BlockBeats News, January 13, Polygon Labs announced the completion of the acquisition of two crypto startups, Coinme and Sequence, with a total transaction amount exceeding $250 million. Polygon Labs did not disclose the amount of each transaction, nor did it specify whether the payment was made in cash, equity, or a combination of both. Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal stated that this acquisition is an important part of the company's stablecoin and payment strategy, aiming to strengthen Polygon's position in the payment infrastructure sector. Among them, Seattle-based Coinme focuses on cash and crypto asset exchange services and operates a crypto ATM network in the United States, holding multiple state-level money transmitter licenses; New York-based Sequence provides blockchain infrastructure services, including crypto wallet products. Nailwal bluntly stated that this move pushes Polygon Labs into direct competition with Stripe. Over the past year, Stripe has successively acquired stablecoin startups and crypto wallet companies, and launched its own blockchain for payment scenarios, aiming to control the complete stablecoin technology stack from payment processing to user asset storage. Overall, Polygon Labs is attempting to secure a position to compete alongside traditional fintech giants in the new round of stablecoin infrastructure competition.