Cryptocurrency News & Live Updates
Synopsis
Base has surpassed Solana in the number of daily token launches, driven by Zora’s Creator Coins and the rebranding of Coinbase’s Base App, which has attracted almost 3 million traders and generated $470 million in volume.
In a pivotal change within the cryptocurrency sector, Base, an Ethereum Layer 2 framework supported by Coinbase, has exceeded Solana in daily token launches. This surge is primarily attributed to the popularity of Zora’s Creator Coins. The rebranding of the Base App has significantly increased its user base, resulting in over 1.6 million Creator Coins stamped and nearly 3 million unique traders interacting with Zora.
Simultaneously, the cryptocurrency market experienced turbulence, with Bitcoin facing a decline while Coinbase fell short of expectations against the backdrop of increasing regulatory momentum surrounding stablecoins. Moreover, a notable disclosure from Arkham revealed a previously hidden Bitcoin hack occurring in 2020, recognized as the largest crypto theft ever, involving the theft of 127,000 BTC from the Chinese mining pool, Lubian, raising alarms about security practices within the industry.
As the market contends with these upheavals, focus shifts towards cryptocurrencies like Pi, Cardano, and Flare, which are under observation due to recent price fluctuations and forthcoming events. The ongoing interplay of innovation, regulation, and security concerns continues to influence the evolving story of the cryptocurrency market.
Base Surpasses Solana in Daily Token Launches
Base has overtaken Solana in daily token launches, propelled by Zora’s Creator Coins and the rebranding of Coinbase’s Base App, attracting nearly 3 million traders and achieving $470 million in trading volume.
Bitcoin Declines, Coinbase Reports Losses, Regulation Advances
Market fluctuations stemming from tariffs and regulatory developments characterized a hectic week within the cryptocurrency sector.
Arkham Exposes Lubian’s $3.5B Hack
Arkham has disclosed a monumental theft of 127,000 BTC from Lubian, marking it the largest crypto hack to date, which went unnoticed for over four years.
Key Cryptos to Watch: Pi, Cardano, Flare
The cryptocurrency landscape is under scrutiny as Bitcoin experiences significant drops, making Pi Network, Cardano, and Flare crucial assets to monitor amid market volatility.
