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- 16-10-2024
16-10-2024
Fernando Fierro
October 16, 2024
Howdy folks,
šš Coinbase has quickly become the top Layer 2 chain by total value locked (TVL), surging to $2.49 billion, surpassing Arbitrum. Its rapid rise is fueled by strong ties to Coinbase and high-yield opportunities in DeFi, alongside new products like Coinbase's cbBTC.
However, despite its success and expansions such as the "Base Around the World" buildathons, Base's centralized nature presents potential risks and opportunities for competitors like Arbitrum to bounce back.
In other news:
šš Ripple's escalating legal battle with the SEC is drawing significant attention as its cross-appeal pushes the already intense fight over XRP's classification as a security into 2025. Ripple is leaving no stone unturned as it challenges the SEC's stance, aiming to influence the broader regulatory landscape for the cryptocurrency market.
The outcome could reshape how digital assets are treated under U.S. law, impacting innovation and investor confidence.
šš ShibaCon 2024, the highly anticipated event for meme coin fans in Bangkok, has been postponed, offering VIP tickets for future dates to existing ticket holders. Meanwhile, Shiba Inu is making strides in crypto finance by partnering with Mass Build and preparing for the Layer-3 blockchain launch, set to include unique integrations like the Treat Token.
On a controversial note, an alleged ex-member suggests ShibaCon's postponement was due to low ticket sales and potential FBI links to on-chain activities.
ššø World Liberty Financial, backed by the Trump family, is making waves with its anticipated $WLFI token launch, despite a few initial hitches. The crypto platform experienced website glitches both before and during its token release, prompting concerns yet achieving over 344 million tokens sold to around 2,900 holders.
This venture is a part of Donald Trumpās broader "crypto president" campaign, promising to revolutionize traditional banking systems but facing some growing pains.
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