Base Token Confirmed?

☕️ On today's Top Picks:

  1. Base token confirmed?
  2. Binance US request dismissal of SEC lawsuit.
  3. Mt. Gox payments delayed 1 year.
  4. Nansen third-party vendor compromised.

Read time: 6 minutes


Alpha

• ⭐️ In regards to a Base token; Coinbase Legal Officer, Paul Grewal stated, "I think a token could be viable at some point in the future," and, "It's not something we've ruled out entirely," in an interview at Mainnet2023.

Rainbow releases Rainbow browser extension. The extension is available on Chrome, Arc, Edge, and Brave with Safari and Firefox support coming later this year. Users can also mint a commemorative NFT to remember the moment.

Omni Overdrive campaign with DripVerse is live. Omni Network is a layer 1 blockchain built to connect all rollups and previously raised $18 million.

Debank reveals new Web3 Badge for Binance Account Bound Token Owners. Mint begins on September 23rd on 00:00 UTC.

Uniswap Foundation announces Uniswap University, an education platform tailored for everyone.

🪂 Airdrops

Arbitrum airdrop claim expiring. Claim if you have not already.

📰 TRADFI NEWS

• ⭐️ Binance US file a request to dismiss the SEC lawsuit against them citing the SEC's allegations are unsubstantiated.

Sam Bankman Fried's request for release before trial denied by U.S. Court of Appeals.

U.S. Department of Justice granted motion to prevent 7 witnesses testify on Sam Bankman Fried's behalf. The motion cited the testimony's would be irrelevant to the trial and/or confuse the facts for the jury.

• ⭐️ Mt Gox Rehabilitation Trustee changes the deadline of repayments from October 31, 2023 to October 31, 2024.

House Financial Services Committee passes bill to ban the Federal Reserve from issuing a CBDC.

Bybit cryptocurrency exchange is halting U.K. operations starting on October 8th. The decision was made ahead of the U.K.'s new strict advertising laws.

PayPal's stablecoin, $PYUSD; is now available to Venmo users.

📰 DeFi News

Ethereum Dencun upgrade potentially delayed until early next year. The decision depends on if Dencun is deployed on public testnet before Devconnect in November.

Optimism sells over 116 million $OP tokens worth nearly $160 million to seven private buyers. The tokens are subject to a two-year lockup period, but can be used for governance purposes.

Chainlink CCIP is live on Arbitrum. Chainlink CCIP provides developers tools to create natively cross-chain apps.

Conduit, an Ethereum rollup deployment platform; releases support for Arbitrum Orbit, including Stylus.

Polygon Labs proposes Celo migrate to an Ethereum Layer 2 using Polygon's Chain Development Kit (CDK). This proposal is in response to Celo's core development team proposing the same plan, but with the OP Stack.

ViaBTC mining pool controls more than 51% of Zcash's network hashrate according to a Coinbase blog post. As a result, Coinbase has increased Zcash confirmation requirements to reduce risk of double-spending or fraudulent transactions.

UniSat announces release of BRC20-swap for early public testing on September 26th.

LiFi now supports Linea. Users can use Jumper to bridge to and from Linea. Developers can Integrate LiFi's API, SDK, or Widget to offer bridging routes to/from Linea.

Fuji Finance closing down due to lack of funding. Users advised to withdraw and close positions.

🛡 Security and Exploits

Apple issues security patches for 3 zero-day exploits. iOS, iPadOS, macOS, watchOS, and Safari users are advised to update to the latest versions.

• ⭐️ Nansen third-party vendor compromised. ~6.8% of users emails were exposed, password hashes and blockchain addresses were exposed for a smaller percentage of users. Affected users were contacted via email.

Linear Finance exploited. The attacker was able to mint unlimited $LAAVE and traded it for $LUSD, resulting in the price going to zero.

💰 Funding

Tether makes strategic investment into Northern Data Group; Europe’s largest Bitcoin mining company.

Proof of Play, an onchain game studio & technology company; raises $33 million in Seed funding round led by a16z and Greenoaks.

Mesh, a cryptocurrency assets management and payments platform; raises $22 million in Series A funding.

Essential, an intent-based infrastructure; raises $5.15 million in Seed funding round.

Freatic, an information markets protocol; raises $3.6 million in Seed funding round led by a16z crypto.

Orb, a Lens protocol client; raises $2.3 million in pre-seed funding round.

Binance announces Season 6 Incubation Program cohort. Projects include Vistara, UXUY, BBOX, Derivio, Ethena, Shogun, MyShell, NFPrompt, QnA3, Cellula, Crypto Cafe, and MetaCene.
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That's it for today's dose! See you soon.

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