Synthetix launches multi-collateral perps on Base amid revamp

December 19, 2024 Coin Telegraph

Arbitrum

The DeFi protocol also launched an in-house perpetuals trading app.

Decentralized finance (DeFi) protocol Synthetix has begun accepting multiple token types as collateral for leveraged perpetuals trading on Coinbase’s Base network, Synthetix said on Dec. 18.

Launching so-called “multicollateral perps” on Base, one of Ethereum’s most popular layer 2 (L2) scaling networks, is part of a broader revamp of the DeFi protocol after a governance shakeup in October.

Adding multi-collateral perps will allow users to post tokens such as Coinbase Wrapped BTC (cbBTC) and Coinbase Wrapped ETH (cbETH) as trading collateral, Synthetix said.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Coinbase Will Surpass Charles Schwab As Most Valuable Brokerage in the World, According to Bitwise – Here’s Why

December 12, 2024 The Daily Hodl

BASE

Crypto asset manager Bitwise says that top US-based crypto exchange Coinbase will usurp Charles Shwab as the world’s most valuable brokerage. In a new report, Bitwise says it envisions Coinbase’s stock (COIN) reaching a price tag of $700 in 2025 – more than double its current price – making it surpass financial services titan Charles […]

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Maverick Protocol aims to bring ‘MemeFi’ to Base

December 10, 2024 Coin Telegraph

BASE

A newly launched platform dubbed goose.run lets users lend and borrow against memecoins, its team told Cointelegraph.

Maverick Protocol has launched a “MemeFi” platform on Coinbase’s Base network aiming to bring decentralized finance (DeFi) to memecoins, it told Cointelegraph on Dec. 9.

Dubbed goose.run, the platform is intended as Base’s answer to Pump.fun, the famed Solana (SOL) memecoin platform.

In addition to matching pump.fun’s core functionalities, such as liquidity bootstrapping for new tokens, goose.run also lets users lend and borrow against memecoins.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Sui, Franklin Templeton launch ecosystem partnership

November 22, 2024 Coin Telegraph

Arbitrum

The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network.

Asset manager Franklin Templeton has partnered with Sui to develop new blockchain technologies and use cases on the layer-1 network, Sui said on Nov. 22.

The partnership will prioritize “supporting Sui ecosystem builders and deploying novel technologies leveraging the Sui blockchain protocol,” Sui said.

Franklin Templeton has aggressively expanded its tokenized security products to new blockchain networks, including Ethereum layer-2s Arbitrum and Base.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

FLOKI Flourishes As Coinbase Adds Support for Dogecoin (DOGE)-Rivaling Memecoin

November 22, 2024 The Daily Hodl

Altcoins

A dog-themed meme asset that rivals Dogecoin (DOGE) and Shiba Inu (SHIB) is flourishing after gaining support from top US-based crypto exchange platform Coinbase. In a new thread on the social media platform X, Coinbase says it’s adding support for Floki (FLOKI), a memecoin launched in 2021 inspired by billionaire Elon Musk’s pet dog. “Coinbase […]

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Franklin Templeton Expands Blockchain Record-Keeping System Benji to Ethereum Layer-2 Scaler Base

November 1, 2024 The Daily Hodl

Altcoins

Global investment firm Franklin Templeton’s proprietary blockchain-integrated record-keeping system Benji is now on crypto exchange Coinbase’s Base. With the development, the Franklin OnChain U.S. Government Money Fund (FOBXX) – which invests at least 99.5% of its total assets in U.S. government securities, cash and repurchase agreements – can now be traded on the Ethereum (ETH) […]

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Coinbase Launches New Tool for Creating On-Chain Artificial Intelligent Agents on Base

October 28, 2024 The Daily Hodl

Top US crypto exchange Coinbase has created a new tool that allows users to build artificial intelligence (AI) agents on the Base blockchain. In a video posted on the social media platform X and shared by CEO Brian Armstrong, Coinbase developer Lincoln Murr introduces “Based Agent,” which he says can create AI agents with full […]

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Decentralized Social Network Token DEGEN Drops 27% in Days Following New Coinbase Listing

October 17, 2024 The Daily Hodl

Altcoin

A decentralized social media altcoin is nosediving just days after gaining support from the top US crypto exchange platform. New data reveals that social media token DEGEN went from a weekly high of $0.011 to $0.008 since being adopted by Coinbase on October 15th, a 27% drop. According to DEGEN’s website, the digital asset is […]

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Radiant Capital halts lending after exploit

October 16, 2024 Coin Telegraph

Arbitrum

Approximately $58 million has been lost from a cybersecurity breach at the lending protocol, one expert said.

Radiant Capital halted its lending markets after the cross-chain lending protocol suffered a more than $50 million cybersecurity breach on BNB Chain and Arbitrum, according to Radiant and two cybersecurity experts.

“Radiant Capital contracts were exploited on BSC & ARB chains with the ‘transferFrom’ function, which allowed to drain users’ funds, namely $USDC $WBNB $ETH and others,” Web3 cybersecurity firm De.Fi Antivirus said in an Oct. 16 post on the X platform.

De.Fi said the exploit drained approximately $58 million, mirroring estimates from another cybersecurity firm, Ancilia Inc., which pegged losses at around $50 million, according to another X post.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Crypto Investor Arthur Cheong Predicts Base Will Flip Coinbase’s Centralized Exchange Platform Volume

October 15, 2024 The Daily Hodl

BASE

Venture capitalist Arthur Cheong thinks Coinbase’s Ethereum (ETH) layer-2 scaling solution Base is primed to witness a surge in trading volume. The DeFiance Capital CEO predicts on the social media platform X that on-chain spot decentralized exchange (DEX) volume on Base will flip Coinbase’s centralized exchange (CEX) volume “within six to 12 months.” “Makes logical […]

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BASE

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