Odaily reports: Polygon's official X account today posted a "Polygon is not dead" announcement, seemingly mocking Abstract's shutdown. In response, Polygon founder Sandeep posted a statement saying that the content did not achieve the intended传播 effect, and many community users interpreted it in a completely different way. He himself was also confused when he saw the content, but it was clearly the Polygon marketing team's self-deprecation, because some people had always said that Polygon was already dead, while Polygon's fundamentals were steadily rising.
Sandeep added that the content was not intended to allude to Abstract's shutdown, and emphasized that he deeply respects Abstract founder Luca Netz and his team, and would not mock Abstract. Polygon had also terminated the zkEVM project, so he knows that pain well. He hereby clarifies the misunderstanding and would not make fun of them over this, and wishes Luca and the Pudgy Penguins team all the best.
Odaily News: According to market sources, Robinhood has purchased $25 million worth of Bitcoin.
Odaily reports that, according to Coinglass data, $370 million was liquidated across the entire network in the past hour, including $136 million in ETH liquidations and $102 million in BTC liquidations.
Odaily News: Abstract has announced that the network will gradually wind down, with the chain set to cease operations on December 15, 2026, after which any funds not migrated will become inaccessible. Users can migrate their assets through the official migration center or the native cross-chain bridge, with the native bridge expected to have a delay of approximately 3 hours. Abstract stated that a chain focused on consumer-grade crypto is difficult to sustain as a standalone model, citing factors such as a limited DeFi ecosystem and weak on-chain liquidity that have led to stagnant network growth. Abstract, launched by the Pudgy Penguins team, is an Ethereum Layer 2 network that had previously attracted over 400,000 users and deployed more than 144 applications. Abstract is reminding users to beware of fraudulent migration websites.
