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Coinbase Exec: Seeing 'Mainstream Users Start to Come in' on Base Blockchain

Base, the new Ethereum layer 2 blockchain built on OP Stack by the U.S. crypto exchange Coinbase, went live on Wednesday. Jesse Pollak, creator of Base and Coinbase's head of protocols, joins "First Mover" to discuss the launch in the latest move that aims to bring mainstream awareness to the the on-chain economy. Plus, Pollak's outlook on DeFi and crypto regulation in the U.S.

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Coinbase’s New 'Base' Blockchain Goes Live; Rep. Maxine Waters Is 'Concerned' About PayPal's Stablecoin

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Base, Coinbase’s layer 2 blockchain, officially opens to the public. Rep. Maxine Waters (D-Calif.) vocalizes her concerns about the launch of PayPal’s stablecoin. And, a new crypto show aims to capture mainstream attention by taking inspiration from popular TV broadcasts like "The Apprentice" and "Shark Tank."

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HODLers Love to Hold Crypto, Glassnode Data Suggests

Data from Glassnode shows that bitcoin's (BTC) balance on exchanges reached a 5 year low of 2,276,878 BTC. The largest cryptocurrency by market cap is currently hovering below $30,000, as investors await U.S. inflation data scheduled for release later this week. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Coinbase's Layer 2 Blockchain 'Base' Officially Goes Live, With Over 100 Dapps Deployed

Coinbase (COIN) announced that its new "Base" blockchain has gone live, heralding the start of a new era of public companies running their own distributed networks. "The Hash" panel discusses their outlook on the layer 2 blockchain and the crypto exchange's decision amid recent U.S. regulatory pressures.

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Grimes Has Made More Money From NFTs Than From Her Music: Wired

In an interview with Wired, musician Grimes confirmed that she has made more money off of non-fungible tokens than she has across her entire music career. "The Hash" panel shares their reaction to Grimes’ NFT bet and the significance of NFTs for digital creators' compensation.

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Federal Reserve Begins New Program for Overseeing Banks’ Crypto Activity

The U.S. Federal Reserve is kicking off a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities. "The Hash" panel discusses what this means for banks' involvement with crypto.

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Aptos Token Surges on Microsoft Partnership to Propel 'Global Web3 Adoption'

The Aptos token (APT) is climbing after Aptos Labs, the developer of a layer 1 blockchain started by former Facebook employees, announced its partnership with Microsoft (MSFT) to expand its tools and services using artificial-intelligence technology. "The Hash" panel weighs in on the latest developments.

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FTX Founder Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge: DOJ

The U.S. Department of Justice still plans to bring a campaign finance-related charge against Sam Bankman-Fried. This comes after prosecutors had dropped a campaign finance charge against the FTX founder last month. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the charges that will be brought against the FTX founder. Plus, the latest on Ryan Salame, as Bloomberg reports that the former FTX executive is in talks with federal prosecutors.

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Stablecoin Market Could Reach Almost $3T in Next 5 Years: Bernstein

Bernstein analysts said in a research report that the stablecoin market is expected to grow from $125 billion to $2.8 trillion of tokenized digital currency in the next five years. "First Mover" hosts share their reactions to the report and outlook on the stablecoin market.

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PayPal's Stablecoin Debut Shows This Technology 'Has Value Outside of Crypto': Former CFTC Chair Massad

PayPal USD (PYUSD), the latest stablecoin pegged to the U.S. dollar, will be an Ethereum-based token offered to the company’s online-payments customers before expanding to PayPal’s Venmo app. Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the broader implications, noting that PayPal's move shows "this technology could be beneficial in payments more generally."

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