Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
In this week's issue of The Protocol, we've got the crypto angle on Tuesday's presidential debate – just as weird and ridiculous as you might imagine. Coinbase's Base relies on special formula to vault toward top of Ethereum layer-2 rankings.
Polymarket bettors had an extra screen to keep an eye on during Tuesday's U.S. presidential debate between Donald Trump and Kamala Harris. It was entertaining enough to tune into Tuesday night's U.S. presidential debate between former President Donald Trump and Vice President Kamala Harris. But it was nearly as rollicking just monitoring the action on prediction-betting siteBut there were also plenty of side bets at stake – and scads of memecoins launched including DWEBATE, DOMALA TRUMPIS, PEPEDENTIAL DEBATES and WW3, which sprung up to satirize the entire spectacle, or to document some of the more memorable zingers. Some Polymarket wagers paid off handsomely when Trump claimed – falsely,– that migrants are"eating the dogs" in Springfield, Ohio. spends roughly $100 million per year and currently has roughly a 10-year runway, depending on the price of ether , the blockchain’s native token. The last time the EF released insights on its, at which point the EF treasury reported a balance of about $1.6 billion. That included $1.3 billion of ETH and about $11 million of"other crypto."on Coinbase's Ethereum layer-2 network, Base, shared on Sept. 8 that it was transferring the ownership of its smart contracts to an Ethereum null address, permanently removing developers' control over them.Chart from on-chain data provider Token Terminal A recent chart from on-chain data provider Token Terminal shows the network accelerating in recent months while other layer 2s were experiencing a dropoff. Among the rapidly growing ranks of layer-2 blockchains built atop Ethereum, the U.S. crypto exchange Coinbase's own version, Base, hardly stands out as a technological pioneer. The entire project was built andwith an 18% market share of 74 active layer-2 networks. Top-ranked Arbitrum's Arbitrum One dominates with a 40% share, but Base has shot past older, competing projects from teams with hard-fought reputations for cutting-edge development, including Starknet, Polygon, even Optimism itself. But it turns out that the race for blockchain supremacy, just as in broader industry, is reliant to a large extent on marketing savvy and an ample warchest to spend on attracting new customers – not just whoever has the best tech. And Coinbase has helped to fuel Base's growth through its own advertising campaigns and promotional events, including the recently concluded" The question now is whether the activity is sustainable. Are the accounts bona fide users with on-chain needs, or just a flurry of tire-kicking beta testers curious to try out the various protocols built atop Base? Are they opportunistic"degen" crypto traders taking advantage of one-time promotions and quests to collect extra riches, or racking up usage in hopes of eventually collecting tokens rewards? a creator engagement platform on Solana, has raised $8 million in seed funding led by NFX, with participation from Progression and Coinbase Ventures. The funding will support mobile app development, creator tools and user growth, according to the team. An upcoming vape-to-earn project wants to use token incentives and blockchain-enabled vapes to make nicotine addictions additions go up in smoke. Called. It will reward them in their tokens for gradually reducing their nicotine intake. The quit-smoking project raised $6 million in seed funding led by Lemniscap Ventures. a decentralized framework designed to support new application-specific networks. The sale, scheduled for the week of Sept. 16, will be the first in the Solana blockchain ecosystem and will include 50,000"Hyperfuse nodes" in 20 pricing tiers, according to the team. Proceeds will go into the project's treasury for general purposes, including supporting the development team and grants, CEO and co-founder Chris Zhu said in an interview.Ethena's Yield Machine Sees $1B Outflows as Crypto Market Cools – But There's Good NewsSingapore Investigating Seven People for Providing Worldcoin Servicesteam at the recently concluded event in the Nevada desert. According to the team, the project offered"a more reliable and cost-effective solution than traditional cloud providers.. The team also shared that Polygon Labs will acquire $5 million worth of VPU-based server systems as part of today’s announcement, in order to accelerate ZK-proof generation projects on the AggLayer.. The task force, the T3 Financial Crime Unit , will combat illicit activity involving USDT, the largest stablecoin, on Tron. Sun said in a press release: “By collaborating with TRM Labs and Tether, TRON is helping to ensure that blockchain technology is used to make our world a better place, and sends a clear message that illicit activity is not welcome in our industry.”, describing itself as"the only Bitcoin native scaling solution that uses the Bitcoin Core code itself to recursively scale unlimited layers on top,"on Monday. According to the team:"Using recursive virtualization of Bitcoin core software, Fractal scales Bitcoin's capacity infinitely while maintaining complete network consensus. It supports Bitcoin-native protocols like BRC-20 and introduces the OP_CAT opcode for on-chain innovation.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
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