Base, Coinbase's Ethereum Layer 2 network, has become a dominant player in DeFi by leading in onchain BTC and ETH trading volumes and processing most USDC payments. It holds about $4 billion in total value locked and ranks second in lending TVL, driven largely by USDC, which makes up 89-90% of its stablecoin supply. Integration with platforms like Shopify and innovations like AI-driven gasless USDC payments have boosted its adoption. However, its heavy reliance on USDC poses regulatory risks tied to Circle, the stablecoin issuer, while its growth is linked to Coinbase's user base expansion.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
