On November 28th, according to an official announcement, Binance will support the Polygon (MATIC) network upgrade and hard fork, with the following specific arrangements:

According to Spot on chain monitoring, about 28 million MATIC tokens (equivalent to 20.8 million USD) were deposited into exchanges approximately 6 hours ago. Among them, 20 million MATIC tokens (equivalent to 14.9 million USD) were transferred from addresses 0xfef and 0x0b9 to Binance, and 8 million MATIC tokens (equivalent to 5.94 million USD) were transferred from Alameda to OKX and Coinbase. It is worth noting that addresses 0xfef and 0x0b9 were the top recipients during the MATIC distribution on November 12th, ranking first and fourth respectively.

According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.

Cyvers Alerts posted on the X platform stating that its system detected multiple suspicious transactions related to TeleportDAO. The attacker on Polygon exchanged all TELEBTC tokens for MATIC, amounting to $197,000, located at the following address: 0x580ba461892e1CC973519dD521c2d104ccdbD36f. Earlier today, TeleportDAO posted on the X platform that it has confirmed an issue with the TELEBTC <> MATIC liquidity pool. The team is investigating the matter and will release a notice as soon as possible.

On November 25th, TeleportDAO announced on the X platform that there were issues with the TELEBTC <> MATIC liquidity pool. The team is investigating the matter and will release an update as soon as possible. Earlier, there were reports that TeleportDAO may have been attacked and its Bitcoin-anchored token, TELEBTC, had severely deviated from its peg.

On November 25th, OKX CEO Star posted on social media that in the first week of its launch, 50 projects have already been deployed on the X1 testnet, and the team is launching more projects.

As monitored by on-chain analyst Yu Jin, five addresses that received MATIC from Polygon: Ecosystem Growth 3 hours ago on November 6th, transferred a total of 21.86 million MATIC (worth $16.6 million) to Binance's deposit address on GSR Markets and entered Binance. Since the distribution of 217 million MATIC on November 16th, the price of MATIC has dropped by 18% from $0.93 to the current $0.759.

According to blockchain data tracking service Whale Alert, at around 06:00 on November 25th Beijing time, 12,842,226 MATIC tokens (worth approximately $9,785,325) were transferred from an unknown wallet to Binance.

On November 23, Polygon Labs developer relations engineer Jarrod Watts stated that the Blast contract is an upgradable contract controlled by a 3/5 multi-signature, with all 5 addresses being anonymous new addresses. Blast may execute code upgrades and immediately steal funds through multi-signature, although many other Layer 2 solutions, including Arbitrum, currently have the same functionality. However, (currently) Blast is not Layer 2, but only a smart contract that accepts user funds and invests them in protocols such as Lido. There is no test network, no trading, no bridge, no rollup, and no transaction data sent to Ethereum. If the 3/5 multi-signature controlling the contract does not "do the right thing" in the future, users will not be able to withdraw money deposited in the Blast contract at any time.<br>In response, SlowMist founder Yu Xian stated that the Blast contract is indeed an upgradable contract, controlled by a 3/5 multi-signature (unknown who the 5 people are) and has no time lock. If they want to run away, they can upgrade a malicious logic contract with multi-signature or set a malicious mainnetBridge with enableTransition. Currently, Blast, except for the contract deployed on Ethereum, is a play on the split of centralized Web2 projects, but has endorsements from several well-known institutions. Users still trust projects endorsed by institutions more.

Whale Alert monitoring shows that at 16:29:35 Beijing time, 14,998,378 MATIC ($11,316,789) was transferred from an unknown wallet to Polygon Stake.

BlockBeats News, on November 21st, according to Nansen 2 data, the Smart Money 24-hour Ethereum network fund inflow tracking list is as follows:<br>ETH: about 97 million US dollars, now priced at 2009.90 US dollars, with a 24-hour decrease of 0.34%;<br>BLUR: about 12 million US dollars, now priced at 0.3655 US dollars, with a 24-hour increase of 9.69%;<br>LINK: about 4.2 million US dollars, now priced at 14.287 US dollars, with a 24-hour decrease of 5.10%;<br>MATIC: about 3.7 million US dollars, now priced at 0.7951 US dollars, with a 24-hour decrease of 6.43%;<br>WBTC: about 2.8 million US dollars, now priced at 37159.08 US dollars, with a 24-hour increase of 0.27%;SHIB: about 2.1 million US dollars, now priced at 0.00000835 US dollars, with a 24-hour decrease of 3.36%.

According to Whale Alert monitoring, 9,999,923 MATIC tokens (worth $8,074,279) were transferred from an unknown wallet to FalconX at 13:15 Beijing time, as reported by DeepChain TechFlow.

According to The Data Nerd, 12 hours ago, Galaxy Galax deposited 7 million MATIC (worth $5.89 million) at an average price of $0.84 to Binance and still holds 1.27 million (worth $1 million); 9 hours ago, Falcon X deposited 5 million MATIC (worth $4.21 million) to Binance and currently holds 1.845 million (worth $1.51 million).

According to Whale Alert, 6,999,980 MATIC tokens (worth $5,884,329) were transferred from an unknown wallet to Binance at 22:25 Beijing time.

According to L2beat data, the total locked amount of Polygon zkEVM has reached $107 million, with a 7-day increase of 8.68%, surpassing Loopring to become the 10th largest Layer 2 in terms of total locked amount. The latter's current locked amount has dropped to $100 million, with a 7-day decrease of 8.35%.

According to the on-chain data tracking service Whale Alert, at around 17:48 Beijing time today, 6,612,562 MATIC tokens were transferred from an address starting with "0x3631" to Polygon Staking, equivalent to approximately $5,518,448.

21.co analyst Tom Wan stated on social media that due to the 17 million transactions on November 16th, over 955,000 MATIC tokens will be burned through EIP-1559 (approximately $764,000). The amount burned is 7 times higher than the previous ATH burn and accounts for 3% of the total burn. So far, 27.4 million MATIC tokens have been burned.

Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS.

PeckShield has monitored that FTX and Alameda Research have received 11.5 million MATIC tokens, worth approximately 9.8 million US dollars, from the Polygon PoS Staking Contract.

On November 16th, according to Polygonscan data, the gas fee for the Polygon network surged and is currently at 2900.4 gwei.