The Protocol: Blockchains Keep Launching, From Sei to Shibarium
The week in blockchain tech: Two much-hyped networks debut, though the launches weren't quite as smooth as organizers might have hoped. ALSO: What is restaking? (Answer: it's the blockchain security trend you didn't know you needed to know about.)

SHIB Plunges 9% on Apparent Shibarium Bridge Issues
An important tool for the new layer 2 service went live on Wednesday to a turbulent start.

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
The much-awaited Shibarium network saw over 21 million wallets created during its testnet and is expected to position Shiba Inu as a serious DeFi contender.

De.Fi's Antivirus Tool Releases on zkSync Era Mainnet
The antivirus tool protects users against common malicious crypto exploits, such as phishing, smart contract vulnerabilities, blind signing, and more.

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up
The viral token reached an $80 million market capitalization earlier this month before falling 90%.

Coinbase Ventures' Strategic Investment Sends Rocket Pool Token Surging
The investment branch announced today the purchase of an undisclosed amount of Rocket Pool’s native token RPL, which has jumped more than 9% in the past 24 hours.

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.

Coinbase's Much-Hyped New Base Blockchain Draws Modest $10M of Inflows on Launch Day
Nearly $166 million had already flowed to the blockchain ahead of the official launch.

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software
We're covering Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software.

As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks
Curve, a leading decentralized exchange on Ethereum, was hacked for more than $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.
