TL;DR Breakdown Coinbase’s Base network completed its phased launch on Aug. 9 and is officially open to end-users after being in the “open for builders only” phase for weeks. On the second day of Base’s availability, Aug.10, Dune Analytics figures show over 136,000 daily users, the highest daily number in its short history. Coinbase Ventures expanded its relationship with RocketPool by announcing the purchase of RPL, the native token of the liquid staking network. Description The number of daily active users on Coinbase‘s layer 2 blockchain has surpassed 100,000 for the first time, just one day after the network’s formal launch. Base was officially launched after a few weeks in an “open for builders only” phase. According to an announcement made by the team on August 9, the network is … Read more The number of daily active users on Coinbase‘s layer 2 blockchain has surpassed 100,000 for the first time, just one day after the network’s formal launch. Base was officially launched after a few weeks in an “open for builders only” phase. According to an announcement made by…

TL;DR Breakdown The crypto gaming industry attracted a massive record $297 million investment in July. Fluctuations and the growing momentum in the crypto gaming sector. Description The crypto gaming industry, encompassing games utilizing blockchain-based tokens or NFTs, experienced a remarkable influx of investment last month, securing a collective total of $297 million, according to a collaborative report by DappRadar and the Blockchain Game Alliance. A significant 63% of the funding directed towards the sector in July was allocated to infrastructure development, … Read more The crypto gaming industry, encompassing games utilizing blockchain-based tokens or NFTs, experienced a remarkable influx of investment last month, securing a collective total of $297 million, according to a collaborative report by DappRadar and the Blockchain Game Alliance. A significant 63% of the funding directed towards the sector in July was allocated to infrastructure development, underscoring the industry’s nascent stage of growth. The crypto gaming sector secured $297 million in funding Investors are banking on tools and platforms that will facilitate the emergence of future crypto and NFT-driven games. July’s investment surge stands in stark contrast…

TL;DR Breakdown Post Malone has shown his displease at a US CBDC at an interview on the Joe Rogan podcast. Exploring all the debates behind the adoption of CBDC. Description Central Bank Digital Currencies (CBDCs) have sparked discussions across the mainstream landscape, drawing attention from both supporters and skeptics. The recent backlash against CBDCs by United States politicians and prominent public figures like Joe Rogan and Post Malone underscores the growing concerns over the implications of government-backed digital currencies. Post Malone states the potential risk … Read more Central Bank Digital Currencies (CBDCs) have sparked discussions across the mainstream landscape, drawing attention from both supporters and skeptics. The recent backlash against CBDCs by United States politicians and prominent public figures like Joe Rogan and Post Malone underscores the growing concerns over the implications of government-backed digital currencies. Post Malone states the potential risk of CBDCs In a conversation on the widely followed “Joe Rogan Experience” podcast, Joe Rogan and rapper Post Malone delved into their apprehensions about the potential societal risks posed by CBDCs. When asked about the possibility of…

TL;DR Breakdown Binance Labs has announced a $10 million investment into Helio Protocol. Helio protocol to make a strategic transition to liquidity staking. Description Binance Labs, the venture arm of cryptocurrency exchange Binance, has made a substantial investment of $10 million into Helio Protocol, a move aimed at supporting Helio’s transition into a liquid staking platform. While currently operating on the proof-of-stake network BNB Chain, this funding will enable Helio to extend its presence to other blockchain networks. The … Read more Binance Labs, the venture arm of cryptocurrency exchange Binance, has made a substantial investment of $10 million into Helio Protocol, a move aimed at supporting Helio’s transition into a liquid staking platform. While currently operating on the proof-of-stake network BNB Chain, this funding will enable Helio to extend its presence to other blockchain networks. The platform’s ambitions include launching on Ethereum, along with notable Layer 2 networks like Arbitrum and Zksync, as confirmed by a Binance Labs representative. Binance Labs funds Helio’s transition to liquid staking The shift towards becoming a player in the liquid staking sector marks…

TL;DR Breakdown SlowMist warns of a critical vulnerability in Libbitcoin Explorer 3.x, jeopardizing crypto wallets. The vulnerability is traced to flawed pseudo-random number generator implementation. Users who used Libbitcoin Explorer 3.x for wallet seed generation are at risk of private key exposure. Description Blockchain security firm SlowMist has issued a cautionary blog post alerting users to a critical vulnerability within version 3.x of the widely-utilized Libbitcoin Explorer. This vulnerability has raised concerns about the security of various cryptocurrency wallets and reportedly resulted in an approximate loss of $900,000, as reported by Milk Sad. Interestingly, this blog post draws … Read more Blockchain security firm SlowMist has issued a cautionary blog post alerting users to a critical vulnerability within version 3.x of the widely-utilized Libbitcoin Explorer. This vulnerability has raised concerns about the security of various cryptocurrency wallets and reportedly resulted in an approximate loss of $900,000, as reported by Milk Sad. Interestingly, this blog post draws intriguing parallels to past susceptibilities uncovered in Trust Wallet. The core of the issue, according to SlowMist, lies within Libbitcoin Explorer’s implementation of a…

TL;DR Breakdown Coinbase Ventures announces a strategic investment in Rocket Pool, emphasizing the importance of decentralized Ethereum staking. Following the investment, Rocket Pool’s RPL token sees an 8% price surge, with market speculations of it nearing the $40 mark. Description In a significant development that underscores the growing importance of decentralized Ethereum staking protocols, Coinbase Ventures, the investment arm of the renowned US-based cryptocurrency exchange Coinbase, has announced a strategic investment in Rocket Pool. This move is seen by many as a testament to the potential of decentralized staking networks and the future of Ethereum. … Read more In a significant development that underscores the growing importance of decentralized Ethereum staking protocols, Coinbase Ventures, the investment arm of the renowned US-based cryptocurrency exchange Coinbase, has announced a strategic investment in Rocket Pool. This move is seen by many as a testament to the potential of decentralized staking networks and the future of Ethereum. Contents hide 1 A Deepening Relationship: Coinbase and Rocket Pool 2 Coinbase’s Active Participation in Rocket Pool’s Growth 3 Rocket Pool’s RPL Token: A Potential Bull Run…

TL;DR Breakdown Circle’s USDC stablecoin circulation dropped from $45 billion to $26 billion in 2023, prompting a $1 billion reserve to counteract market challenges. Despite market fluctuations, Circle continues to innovate, launching a wallet-as-a-service API as part of its Web3 initiatives. Description In a rapidly evolving financial landscape, Circle, the issuer of the USDC stablecoin, is gearing up to face increasing competition from both the traditional finance and technology sectors. The company has earmarked a whopping $1 billion as a cash reserve to counteract the challenges posed by a declining market capitalization and the entry of new … Read more In a rapidly evolving financial landscape, Circle, the issuer of the USDC stablecoin, is gearing up to face increasing competition from both the traditional finance and technology sectors. The company has earmarked a whopping $1 billion as a cash reserve to counteract the challenges posed by a declining market capitalization and the entry of new players in the stablecoin arena. Contents hide 1 A Decline in Market Share Amidst a Flourishing Revenue Stream 2 Allaire Welcomes New Entrants in the…

TL;DR Breakdown   Binance removes perpetual Cardano (ADA) and Polygon (MATIC) contracts. The move is tied to regulatory actions related to the SEC’s classification of ADA and MATIC as securities. Binance will conclude positions for ADABUSD and MATICBUSD on August 17 at 9:00 UTC. Description Binance, the world’s largest cryptocurrency market, has decided to delist perpetual contracts for Cardano (ADA) and Polygon (MATIC). The exchange’s decision stems from its intention to cease providing USDS-M perpetual contracts for ADABUSD and MATICBUSD, according to an official statement released on August 10. This decision follows an automated settlement scheduled for today, after which … Read more Binance, the world’s largest cryptocurrency market, has decided to delist perpetual contracts for Cardano (ADA) and Polygon (MATIC). The exchange’s decision stems from its intention to cease providing USDS-M perpetual contracts for ADABUSD and MATICBUSD, according to an official statement released on August 10. This decision follows an automated settlement scheduled for today, after which the exchange will initiate the delisting process, coupled with necessary adjustments to leverage and margin levels. Notably, the move is linked to…

TL;DR Breakdown The SEC, in an official announcement on August 10th, stated that both Bittrex and Bittrex Global, its associated entity, have consented to a substantial settlement totaling $24 million to resolve the legal dispute with the federal regulatory body. The SEC has accused the platform of collaborating with token issuers over an extended period, with the intention of removing any indications that the tokens they offered could be classified as investment contracts.  The formal complaint lodged by the SEC back in April put forward allegations that Bittrex, under the leadership of Shihara, effectively ran an unregistered national securities exchange.  Description The United States Securities and Exchange Commission (SEC) has recently revealed an agreement reached with the prominent cryptocurrency trading platform Bittrex, as well as its co-founder and former CEO, William Shihara. This agreement comes as a response to allegations of operating an unregistered exchange, a violation of federal regulations. The SEC, in an official announcement … Read more The United States Securities and Exchange Commission (SEC) has recently revealed an agreement reached with the prominent cryptocurrency trading platform Bittrex,…

TL;DR Breakdown The Aave community is currently taking active measures to mitigate its protocol’s exposure to the Curve DAO token (CRV), with two distinct proposals up for voting. The crux of the situation revolves around Egorov, who had utilized a substantial portion of CRV’s overall market capitalization, equivalent to over 30%, as collateral to secure loans amounting to nearly $60 million via Aave v2. Description The Aave community is currently taking active measures to mitigate its protocol’s exposure to the Curve DAO token (CRV), with two distinct proposals up for voting as of August 10th. This strategic move aims to curtail the potential risks posed to the lending protocol by the significant borrowing position held by Michael Egorov, the founder … Read more The Aave community is currently taking active measures to mitigate its protocol’s exposure to the Curve DAO token (CRV), with two distinct proposals up for voting as of August 10th. This strategic move aims to curtail the potential risks posed to the lending protocol by the significant borrowing position held by Michael Egorov, the founder of Curve…