Coinbase launches its Ethereum layer-2 network Base with the aim of bringing Web3 technology to more users. It will eventually form part of an interoperable 'Superchain' with Optimism.

The BALD meme-coin, deployed on Coinbase’s new layer-2 blockchain, which pumped 4,000,000% from launch before then plunging 90% when the developer suddenly removed liquidity, has been linked by some to Sam Bankman Fried and Alameda Research.

Following Ripple’s partial victory against the SEC crypto firms are no longer running scared… so the regulator is now trying to put the willies up any accountancy firm willing to work with the crypto industry.

The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.

The campaign, which called for sensible crypto policy from the U.S. authorities, instead saw the SEC sue major exchanges, Binance and Coinbase. As a result, ‘Stand With Crypto’ is trending on Twitter, and almost 140,000 NFTs have been minted.

Crypto exchange OKX published its seventh monthly Proof of Reserves, posting a value of $10 billion using a zk-STARK methodology.

At the Dubai Fintech Summit many executives expressed their discontent with the US crypto regulation and gave credits to the UAE legal framework. Coinbase CEO even suggested that the UAE could serve as an international crypto hub for Coinbase.

Recently SEC was legally obliged to respond to Coinbase's writ of mandamus. Meanwhile, the regulator deleted a possible first-ever definition of digital asset from its rule and the exchange started an open letter to Congress to support pro-crypto legislation.