ACE’S TAKE:
Base, Coinbase’s Optimistic Rollup (Ethereum Layer 2 chain), went live last week. The launch has been nothing short of a complete catastrophe. It’s a shame because Coinbase will need to do major damage control to repair their reputation for a retail friendly chain after DeFi natives lost a lot of money within a week of the launch.
MARKET:
$BTC held the daily support at $28,800, but is teetering on the verge of breaking down after failing to hold $30,000. There are many important events coming up in August and September around BTC spot and ETH Futures ETFs, which could be catalysts for speculation.
NEWS:
Coinbase’s BASE chain goes live:
Was the DOJ fear around Binance a lot of nothing?
Saylor bought the top…again:
Six ETH Futures ETFs have been filed with the SEC:
NFTs:
Pudgy Penguins in Times Square:
REGULATORY:
Finally, a real scammer indicted by the SEC:
RUGS:
Base chain goes live and $bald meme coin flies before rugging:
BALD rug stories are brutal:
Speculation it could have been someone high up at FTX:
JPEGd exploited:
Another zkSync rug:
Big Curve pools exploited:
Poison address strikes again for $20m:
POD O’ THE WEEK:
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None of this is financial advice