April 29 (Cointime) - Bankless Ventures, the early-stage venture fund launched by Bankless, has received 75% of its investment commitments. The fund has a $35 million size and includes LPs such as a16z co-founder Marc Andreessen, a16z Crypto founder Chris Dixon, Ethereum Foundation researcher Dankrad Feist, Polygon co-founder Sandeep Nailwal, and Immutable co-founder Robbie Ferguson.

The company is targeting an end-of-May close for the fundraising round.

Visa to Develop Brazilian Blockchain-powered CBDC Project; PayPal Extending Crypto Transfers to More Than 60 Million Venmo Customers

Mastercard is teaming with public blockchain developers Aptos Labs, Ava Labs, Polygon and The Solana Foundation on a new set of standards it's dubbing Crypto Credential in an effort to build the trust of consumers, businesses and governments in the sector. 

0VIX, a lending protocol on Polygon and Polygon zkEVM, has reportedly been exploited for at least $2 million.

Decentralized finance (DeFi) protocol 0VIX has been the target of a recent attack, resulting in a loss of approximately $2 million.

The 0vix decentralized finance (DeFi) protocol, which is based on Polygon, has reportedly been exploited for $2 million through a flash loan. Blockchain security firm CertiK flagged the incident, which has also been corroborated by Arkham Intelligence. The attacker reportedly inflated the price of vGHST to borrow a large amount of USD, which was then moved to Ethereum mainnet and swapped for 757 ETH. 0vix has not yet responded to requests for comment.

Google Cloud and Polygon Labs have announced a strategic partnership. Meanwhile, Filecoin has announced its own cloud service plans.

Google Cloud's Blockchain Node Engine, a service for fully managed node-hosting for web3 development, will support Polygon as part of a multi-year, strategic alliance announced by Google Cloud and Polygon Labs on Thursday.

Polygon, the Ethereum layer-2 scaling solution, has integrated a PoS bridge to its zero-knowledge Ethereum Virtual Machine (zkEVM), according to an April 26 statement.

Polygon has announced the availability of its Polygon PoS Bridge for the Polygon zkEVM network, which offers scalability solutions to decentralized applications (dApps) running on the Ethereum blockchain network. The Polygon zkEVM network uses zk-technology to govern smart contracts on both the Polygon zkEVM and Ethereum networks, allowing for faster withdrawals of funds from the Ethereum mainnet. The launch of the Polygon Bridge for Polygon zkEVM will allow users to withdraw funds from the Ethereum mainnet within 30-60 minutes of initiating the withdrawal, with support for ERC-20 and ERC-777 tokens. The Polygon Bridge also offers a seamless experience, as users do not need to undergo the bridging process or map their tokens before bridging. The Polygon zkEVM launched last month as mainnet beta and is open source, permissionless, and public, with teams already building atop it, including premier dApps such as Balancer and Lens, and other gaming projects. (coingape)

April 27 (Cointime) - Web3 domain provider Unstoppable Domains is teaming up with Binance.US to roll out .BinanceUS domain.

Franklin Templeton, with about $1.4 trillion assets under management, said its OnChain U.S. Government Money Market Fund (FOBXX) is now supported on Ethereum via layer 2 blockchain Polygon.

Franklin Templeton, an investment management giant with about $1.4 trillion in assets under management, has expanded its OnChain U.S. Government Money Fund to the Polygon blockchain.

Web3 gaming has been steadily growing in popularity, and as a result, the blockchain industry has also experienced growth in recent years.

Solana wallet Phantom added support for the Ethereum and Polygon blockchains in its first step to go multichain.

Binance. US users will soon be able to set up decentralized domains through a new partnership with Unstoppable Domains. The offering will allow users to mint ". BinanceUS" domains, providing users with easily understandable names for cryptocurrency wallets to buy, sell and transfer cryptocurrency in the Binance. US app.

Polygon's MATIC price is attempting to recover above the $1.00 resistance level against the US dollar after declining from above $1.12. However, it is still facing resistance near the $1.008 level and the 100 simple moving average (4 hours). If there is an upside break above the $1.008 resistance level, the price could continue to recover, with the next major resistance near $1.08 or the 50% Fib retracement level. On the downside, immediate support is near the $0.98 level, while a break below the $0.95 level could lead to a fresh decline toward $0.88, with the next major support near the $0.82 level. The MACD for MATIC/USD is gaining momentum in the bullish zone, and the RSI for MATIC/USD is now near the 50 level. (newsbtc)

Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low.