Coindesk

Base, the popular layer-2 network from cryptocurrency exchange Coinbase (COIN), is now a “stage 1” rollup, said the company, setting up its path towards full decentralization.The transition to a “stage 1” rollup comes as other layer-2s have also reached that milestone, making these networks less reliant on centralized entities.The move means that Base will now have a security council, a network of ten “independent entities, which we chose from all around the globe,” said Tom Vieira, the head of product at Base, in an interview with CoinDesk. “These are folks from the Base ecosystem and from the broader Ethereum ecosystem,” who will help approve certain network upgrades if needed, Vieira added.In addition, fault proofs are permissionless now on Base, meaning...

The U.K. government released its consultation papers on draft legislation for the crypto sector."This will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance, as well as market abuse and admissions and disclosures regimes," the Governments website said on Tuesday.The country launched a consultation on the crypto regime when the Conservatives were still in power in 2023, despite Labour coming into power last year, its former Economic Secretary Tulip Siddiq said that the Government intended to ensure that most of all the previous governments crypto plans will be fulfilled.Read more: UK Regulator Intends to Start Authorizing Crypto Firms in 2026Source link

The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch.Letsbonk.fun, built by members of the BONK community and Raydium, went live late Sunday as a Bonk-focused token issuance platform. A portion of fees will help secure and support the Solana network by using the BONKsol validator, per tweets, with over 10,000 tokens already issued.As of Tuesday, the biggest tokens on Letsbonk.fun are HOSICO ($30 million market cap) and LETSBONK ($5.3 million market cap).“I expect the platform's success to surprise many,” well-followed X user theunipcs told...

Bitcoin staking protocol Solv, which has over $2 billion worth of BTC locked on its platform, announced Tuesday the launch of a Shariah-compliant yield product called SolvBTC.core.The new offering, a liquid staking token for BTC, has been developed in collaboration with the Core ecosystem, which offers a range of DeFi applications, including lending, restaking, liquid staking and decentralized exchanges.Created with guidance from Nawa Finance and accredited by Amanie Advisors for Shariah compliance, SolvBTC.CORE generates yield by securing the Core blockchain network and engaging in on-chain DeFi activities while adhering to Islamic finance principles.Solv Protocol enables BTC holders to lend, stake, earn yields, and invest, unlocking the full potential of their coin stash. The launch of the Shariah-compliant SolvBTC.CORE means BTC holders from the...

SIGN, the token linked to its namesake's multi-chain identity protocol, rose by 60% on Tuesday after being listed on Korean exchange Upbit.The listing follows the token's release on Binance, where it became the first project to be selected by the Binance Alpha campaign.Trading was initially muted on Binance as it traded between $0.06 and $0.08. The Upbit listing boosted prices to $0.129 before receding to $0.11.Trading volume also increased from $402 million in the 24-hour period prior to Upbit's listing announcement to $898 million, indicating notable interest among Korean traders.The move follows a wider trend related to Korean exchange listings, earlier this month filecoin (FIL) rose by 30% following an Upbit listing alongside a similar rise in trading volume.Source link...