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Base Elevates to Leading Layer-2 Solution by Transaction Volume, Announces Coinbase CEO Brian Armstrong



In a groundbreaking development for the crypto industry, Coinbase CEO Brian Armstrong has recently proclaimed Base as the leading Layer-2 solution, outpacing all others in terms of transaction volume. This technological advancement leverages optimistic rollups, an innovative method that significantly amplifies transaction speed and efficiency on the ethereum network by grouping transactions off-chain before finalizing them on the Ethereum mainnet. Such a procedure not only maintains Ethereum’s renowned security features but also dramatically slashes transaction costs.

During the first-quarter earnings call, which took place on May 2, 2024, Armstrong spotlighted the revolutionary strides achieved by Base, emphasizing its pivot in improving blockchain technology’s capabilities. In doing so, Armstrong underscored Coinbase’s ongoing mission to refine the efficiency and cost-effectiveness of crypto transactions. Armstrong highlighted, “Base has remarkably diminished transaction fees and confirmation times, propelling us towards our vision of making the average crypto transaction both swift, taking under one second, and inexpensive, costing below $0.01 globally. Developer engagement has surged eightfold in the first quarter. In the preceding 30 days, Base has processed over double the transaction volume compared to the entire Ethereum network on Layer 1. Ascending to the position of the quintessential Layer-2 solution in terms of transaction volume is a significant achievement.”

The Base ecosystem has seen a barrage of diverse DeFi initiatives taking root, with its native projects rapidly capturing a sizeable market segment. Notably, Aerodrome, a premier decentralized exchange (DEX) in terms of total value locked (TVL) within its ecosystem, has achieved a milestone by equating Uniswap in fee generation, despite Uniswap’s operation across 16 different chains. Furthermore, a significant development observed is the recent airdrop of the native token, FRIEND, by Friend.Tech. This decentralized social media platform on Base teamed up with V2 for the launch and airdrop, aiming to notably magnify Base ecosystem’s influence.

Moreover, the modifications introduced in the Base protocol have led to a remarkable reduction of up to 82% in transaction fees. This feat was accomplished through various protocol enhancements, coupled with Armstrong’s declaration about integrating the US Dollar Coin (USDC) across all Coinbase offerings, further broadening its utility and accessibility.

In parallel, the surge in developer activity on Base signifies not only the growing acceptability and adoption of Base as a Layer-2 solution but also points towards a future where blockchain transactions are as commonplace and fluid as traditional online payments are today. This surge has not only been beneficial for users in reducing costs and transaction times but has also opened new avenues for developers to innovate and create on a more scalable platform.

The profound implication of Base’s dominance in transaction volume on the blockchain ecosystem cannot be overstated. It reflects a maturing industry that is rapidly evolving to meet the demands of both developers and end-users. By simplifying and economizing transactions, Base is setting new benchmarks for what is technologically feasible within the framework of Layer-2 solutions.

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Ethereum Bulls Activate as Spot Ether ETFs Approach, Pushing ETH Price Towards $4,000



In recent market developments, ethereum (eth), the second-largest cryptocurrency by market capitalization, has witnessed a notable surge, inching closer to the $4,000 threshold. This resurgence has been fueled by an increasing optimism within the investor community, as the digital asset staged a 5% rebound in its value over the past day, reaching a price point of $3,957. The market cap of Ethereum now stands at $469 billion, underscoring the robust demand and investor confidence in this blockchain platform. Moreover, Ethereum’s daily trading volumes have experienced a significant boost, with a 68.5% increase, pushing the figure to nearly $17 billion.

The anticipation around the forthcoming launch of spot Ether Exchange-Traded Funds (ETFs) is palpable within the crypto sphere, as it represents a pivotal moment for Ethereum. Analysts and investors alike are closely monitoring the situation, with predictions circulating about the potential upward trajectory of ETH’s price. Rekt Capital, a well-respected figure among cryptocurrency analysts, has suggested that Ethereum needs a weekly close above $3,956 to confidently enter and sustain in the $4,000 bracket. Currently, while ETH is exhibiting a lower high formation, it has consistently hovered around the $2,791 mark, which historically has been followed by a substantial upswing towards the $4,000 region.

The sentiment around Ethereum is overwhelmingly bullish, with several factors at play that could further propel its value. The potential launch of spot Ether ETFs has been a particularly strong catalyst, stirring considerable excitement among investors. This excitement was evident last week when the price of ETH stabilized momentarily before continuing its upward climb. On a weekly basis, Ethereum has enjoyed a sturdy 27% gain, indicating a robust uptrend is in motion.

Arthur, the founder of DeFiance Capital, has gone on record to predict that ETH’s price might ascend to $4,500 prior to the initiation of spot ETF trading. This bullish outlook is further supported by a survey conducted by WuBlockchain among the Chinese crypto community, which showed that 58% of participants envision Ethereum breaching the $10,000 mark in the current market cycle.

Institutional interest in Ethereum is anticipated to surge in the weeks leading up to the ETF launch. Santiment’s data reveals a heightened activity among large Ethereum investors, colloquially known as “whales”, who have been aggressively accumulating ETH since the announcement of the ETF approval. Notably, the top 1,000 Ethereum wallets have witnessed a collective increase in their holdings, amassing an additional 510,000 ETH within a span of five days, from May 19 to May 26. The total ETH held by these wallets now amounts to 76.52 million, signaling a strong conviction in Ethereum’s growth prospects.

Considering the current market dynamics and investor sentiment, Ethereum appears to be on a trajectory that could see it reaching new all-time highs. Both retail and institutional investors are closely watching the developments surrounding the spot Ether ETF, with many seeing it as a catalyst for future growth. The significant increase in trading volumes and “whale” activity further substantiates the optimistic outlook for Ethereum. As the digital asset space continues to evolve, Ethereum’s innovations and its pivotal role in the decentralized finance (DeFi) sector could potentially set new benchmarks for its valuation in the near term.

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Donald Trump Woos Crypto Enthusiasts at Mar-a-Lago Gala, Diverging from Biden’s Stance



At the grand Mar-a-Lago gala, former President Donald Trump made an ostentatious play for the favor of the cryptocurrency community—a demographic that feels notably overlooked by the current Biden administration. The event underscored Trump’s strategic outreach efforts to a sector that is rapidly growing and evolving, even though his expertise in the intricate policy frameworks governing the industry appears somewhat lacking.

The gala, set against the opulent backdrop of Mar-a-Lago, highlighted Trump’s keen interest in aligning with the crypto community. His approach suggests an awareness of the sector’s potential influence in future electoral dynamics. However, the depth of his engagement with the substantive policy issues facing the cryptocurrency world remains unclear. This raises questions about the sincerity and efficacy of his pro-crypto stance, especially in contrast to President Joe Biden’s administration, which has faced criticism from some quarters for its handling of cryptocurrency regulation and innovation.

Trump’s efforts to woo the cryptocurrency community come at a critical moment for the industry. With global financial markets in flux, the regulatory landscape for cryptocurrencies in the United States remains a labyrinth of state and federal rules, often sending mixed signals to investors and innovators alike. The Trump administration had a complex relationship with digital currencies, characterized by a mixture of intrigue and skepticism. At various points, Trump himself has issued conflicting statements about the value and legitimacy of cryptocurrencies, oscillating between dismissive remarks and open fascination.

The Biden administration, for its part, has embarked on several initiatives aimed at understanding and potentially regulating the crypto space more effectively. This includes the formation of task forces and the solicitation of expert advice on how to balance innovation with consumer protection. Despite these gestures, some advocates and investors within the crypto industry feel that the current administration’s efforts are either insufficient or overly cautious, thus stifying the sector’s growth and limiting its capacity to contribute to the broader economy.

In this context, Trump’s pro-crypto posturing at the Mar-a-Lago gala might seem like a breath of fresh air to those feeling sidelined by current policies. However, the real test of Trump’s commitment to fostering a favorable environment for cryptocurrency would lie in presenting a clear, coherent policy vision that addresses the community’s chief concerns. These issues range from regulatory clarity and tax treatment of crypto assets to the role of digital currencies in national and international financial systems.

Moreover, the global crypto industry has evolved dramatically since Trump left office, with significant advancements in blockchain technology, the proliferation of non-fungible tokens (NFTs), and the emergence of decentralized finance (DeFi) reshaping the landscape. Any effective engagement with the crypto sector would require a nuanced understanding of these developments and an adaptable policy framework that fosters innovation while protecting consumers and maintaining financial stability.

The strategic significance of the crypto vote cannot be understated. As digital currencies continue to gain mainstream acceptance and influence, their role in shaping economic policy and electoral outcomes will likely increase. For politicians like Trump, who are eyeing a return to the political arena, winning over the crypto constituency could provide a crucial edge, especially among younger, tech-savvy voters.

However, the effectiveness of such overtures will ultimately depend on the ability to move beyond superficial gestures and articulate a detailed, informed vision for the integration of cryptocurrency into the national and global economies. Without this, attempts to court the crypto community may end up being viewed as little more than political bluster, lacking the substance needed to drive meaningful change.

In sum, Trump’s appearance at the Mar-a-Lago gala signifies a potentially strategic pivot towards the cryptocurrency sector, yet it remains to be seen whether this marks a genuine commitment to addressing the complex policy challenges facing the industry or merely a tactical maneuver to capture the attention of a disenfranchised demographic. As the crypto world continues to evolve at a breakneck pace, the call for thoughtful, informed leadership in this space has never been more urgent.

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DeFi (ETHFI) Sees 7% Price Jump as Paribu Box Integration Spurs Investor Confidence



In the rapidly evolving world of cryptocurrency, (ETHFI) has recently gained significant attention following a notable spike of approximately 7.5% in its value. This upsurge comes in the wake of its recent listing on Paribu Box, a prominent platform known for trading crypto assets, particularly those in the nascent stages of their development. This development signals a pivotal moment for ETHFI, spotlighting its increasing importance and potential in the digital asset realm.’s price elevation is a testament to the cryptocurrency market’s dynamic nature and the heightened interest and confidence it has sparked among investors. The integration with Paribu Box has indeed marked as a formidable asset within the digital currency domain, attracting traders and investors keen on tapping into promising investment avenues. Paribu Box is renowned for its rigorous selection criteria, primarily spotlighting promising early-stage projects. Thus, the inclusion of ETHFI on this platform not just broadens its accessibility but also solidifies its standing in the market, painting a robust future landscape for this digital asset.

As it stands, has impressively carved its niche in the market with a current price pegged at $3.95, coupled with a 24-hour trading volume reaching $122.5 million. This marks a considerable growth of 6.5% in a single day and an uplift of 6.5% over the preceding week, demonstrating a bullish momentum. With a circulating supply of about 120 million ETHFI, it enjoys a market capitalization that sits comfortably at $451.2 million.

Delving into ETHFI’s derivatives data unveils further encouraging signs. The volume has witnessed a leap of approximately 8.03% to $316.06 million, alongside an 8.52% rise in open interest, amounting to $91.5 million. The Relative Strength Index (RSI) is positioned at 62.9%, indicative of a strong growth trajectory. The roadmap of sheds light on upcoming Stake, Liquid, and Cash products, geared towards revolutionizing the DeFi user experience. These innovations aim to streamline staking, liquidity provision, and the execution of digital currency transactions, positioning as a trailblazer in the realm of DeFi innovation.

A distinctive feature of lies in its liquid restaking protocol on ethereum, setting it apart from other DeFi protocols. It adopts a non-custodial approach, allowing users complete control over their keys, thereby minimizing counterparty risk. Users are granted eETH tokens in exchange for staking eth or other liquid staking tokens, which are subsequently restaked on EigenLayer for profits. This model underscores’s commitment to enhancing user engagement and investment returns within its ecosystem.

In light of these developments, is not only carving a name for itself in the competitive DeFi space but is also capturing the interest of forward-thinking investors and traders. Its trajectory is emblematic of the inherent possibilities within the DeFi sector, highlighting innovative solutions that promise to redefine the landscape of digital finance. As the cryptocurrency market continues to evolve, stands as a beacon of potential, innovation, and growth, poised to make significant strides in the near future.

The growing endorsement of and its assimilation into respected trading platforms like Paribu Box underscores a broader trend of increased investment and confidence in digital assets. It represents a crucial step forward in the democratization of financial services, extending beyond traditional boundaries and empowering users with decentralized, innovative financial solutions.’s ascent in the digital currency world bolsters the notion that the future of finance may well be paved with blockchain technology and cryptocurrency.

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