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Project Overview
Base is a secure, cost-effective, and developer-friendly Ethereum Layer 2 built to bring the next billion users to web3. Base is incubated by Coinbase and plans to gradually decentralize in the coming years.
Base valuation of $128, with non-crypto trading accounting for about 30% on Hyperliquid
research firm Decentralised.co (DCo) has released a report stating that the share of non-crypto asset trading volume on Hyperliquid rose from zero in September 2025 to a peak of 51% in July 2026, and stood at approximately 30% in October 2026; on October 27, such trading accounted for 40% of the platform's $7.2 billion in daily trading volume, with single stocks being the largest trading category that day.The report uses a 2029 global futures and equities market size of $934 trillion as its base, with the base-case scenario assuming crypto trading volume grows to 3 times the current level, a 3% share of the non-crypto market, a blended fee rate of 0.006%, USDC yield falling to 3.6%, and HIP-4 contributing $100 million in revenue; on this basis, it estimates that 2029 revenue will rise from $944 million to $4.91 billion, corresponding to an HYPE price of $128 at a 40x valuation, $98 at a 30x valuation, and $165 under the optimistic scenario, with the current HYPE price at approximately $77. The report states that if the non-crypto fee rate falls to CME's 0.0004%, the base valuation would drop to $66; Binance has already listed 229 TradFi perpetual contracts this year, with average daily trading volume of $13.4 billion, higher than Hyperliquid's $2.3 billion.
Dataline Closes $10.6 Million Seed Round, Backed by Coinbase Ventures and Others
According to The Block, Dataline, a decentralized data network for AI agents, has announced the closing of a $10.6 million seed round, co-led by Lattice and Samsung-backed Dispersion Capital, with participation from Symbolic Capital, Coinbase Ventures, Anagram, and Robinhood CEO Vlad Tenev. The round closed in April and utilized a SAFE with token warrants, though the valuation was not disclosed. Dataline plans to launch its token by the end of the year and conduct a public sale on Base via Uniswap’s Continuous Clearing Auction (CCA) mechanism, with specific details expected to be released next week. The team hopes to make this offering the largest Uniswap CCA on Base, but has not disclosed the total raise amount or the number of tokens being sold.
Nansen Launches Search Feature, Enabling Queries on Over 200,000 FOMO-Linked Wallets on Solana and Base
Odaily News: On-chain analytics platform Nansen has launched a search feature covering over 200,000 wallets linked to mobile copy-trading app FOMO on Solana and Base, allowing users to query their holdings, trades, and profit or loss data. The feature also includes associated addresses that are not visible within the FOMO app interface; Nansen's database has now labeled over 500 million wallets.FOMO launched around May 2025 as a non-custodial copy-trading platform supporting multi-chain gas-free swaps. Since its launch, cumulative trading volume has reached billions of dollars, with weekly revenue hitting $264 million in 2026. It completed a $75 million Series B funding round in June, bringing total funding to approximately $94 million.
Axis Robotics opens pre-registration for the AXIS token community public sale, aiming to raise $1 million
Axis Robotics has announced the opening of pre-registration for the AXIS token community public sale. The public sale is powered by Sonar by EchoDot and plans to sell 10 million AXIS tokens at $0.1 each, representing 1% of the total supply and a fully diluted valuation of $100 million, with a target raise of 1 million USDC. The minimum subscription per entity is $100, with a maximum of $100,000, and the participating network and settlement currency is USDC on Base. 10% of the tokens will unlock at TGE, with the remainder released according to the vesting schedule published by the project.Pre-registration is now open. The subscription window will open on September 21 at 13:00 (Singapore time) and close on September 28 at 13:00, with settlement expected around September 30. Participants must complete KYC/KYB through Sonar. U.S. persons and residents of 26 restricted jurisdictions, including the United Kingdom, mainland China, Russia, and Iran, are not eligible to participate. Axis Robotics stated that since launching on Base in March 2026, the platform has generated over 5 million data trajectories, attracted more than 200,000 contributors, and ranked among the top two DApps in the Base ecosystem. Previously, on July 27, Axis Robotics announced the completion of a $12 million seed round led by Hack VC, with participation from Nomad Capital, Pi Network Ventures, 10K Ventures, and several angel investors.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Fomo enters top five in U.S. finance apps, surpassing Cash App and Kalshi
Odaily News: Fomo, a social crypto trading app built for Robinhood Chain and other networks, entered the top five finance apps in the U.S. on August 21, briefly climbing to No. 3 and surpassing Cash App and prediction market Kalshi. It currently ranks in the top 15.Founded by Paul Erlanger and Se Yong Park, Fomo launched its public beta in May 2025. In November 2025, it completed a $17 million Series A round led by Benchmark, with participation from 140 angel investors; this was followed by a $75 million Series B round, bringing total disclosed equity funding to approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of people they follow, track leaderboards, and copy trading signals, with instant deposits funded via Apple Pay. Its cumulative installs on Google Play have surpassed 1 million, with over 600,000 users and more than $4 billion in trading volume. (Bitcoin.com News)
Iron Fish Warns of wIRON Minting Anomalies on Base, Suspends Purchasing and Cross-Chain Operations
Iron Fish stated that the team is investigating the anomalous issuance of wIRON on the Base network and has requested cross-chain bridge provider ChainPort to conduct an emergency review. Until further notice, users should avoid purchasing wIRON on Base or using related cross-chain bridges. Iron Fish warned that wIRON currently cannot be guaranteed to be 1:1 fully backed by assets, and stated that further updates will be released after verifying additional details.
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Gate Founder and CEO Dr. Han: Gate Money Makes Buying Coffee with Stocks a Reality, Aiming to Double User Base in One to Two Years
According to the latest episode of the Gatecast podcast, Gate founder and CEO Dr. Han shared the product philosophy and future plans for Gate Money. He stated that Gate is extending its years of accumulated experience into the fields of asset management and everyday payments to reach a broader user base, with the goal of doubling Gate Money's user base within the next one to two years. Leveraging the technical systems, institutional clients, and market-making liquidity built up through years of trading operations, Gate supports exchanges between multiple asset classes; through its global licensing footprint and partnerships with banks and payment networks, Gate Money creates the conditions for users to receive, send, and spend funds. Together, these capabilities form the operational foundation of Gate Money, enabling the platform to reduce exchange and fund transfer costs across different usage scenarios.Through capabilities spanning holding, exchanging, growing, and spending, Gate Money connects various types of assets with everyday needs. Dr. Han used "buying coffee with stocks" as an example to illustrate the consumer applications of assets beyond investment. In eligible regions, users can open bank accounts in their own name, use familiar payment and receipt methods, and have transfers processed by underlying blockchain technology; idle funds can also participate in growth through yield products.Looking ahead, Dr. Han also shared the application prospects of AI Agents providing round-the-clock assistance with asset allocation and fund management. As investment, wealth management, and everyday payments converge, Gate Money will continue to expand the application boundaries of various asset classes, driving Gate's services deeper into more everyday life scenarios.
Expands to Ethereum Mainnet: JPMorgan's JPM Coin USD Deposit Token Now Open to Institutional Clients
Odaily Report: JPMorgan is expanding its JPM Coin USD deposit token to the Ethereum mainnet, offering it to institutional clients. The token was previously launched on Base in 2025 and represents actual bank deposits, enabling near-instant peer-to-peer transfers and settlements around the clock. It is currently available only to JPMorgan institutional clients through Kinexys, does not support public trading, and is not open to retail customers. JPM Coin is a permissioned, regulatory-compliant bank money and is not a decentralized stablecoin.
Base launches Cobalt upgrade, supporting multiple compliance checks for B20 assets.
Base network activates the Cobalt upgrade, expanding the B20 standard to support multiple compliance checks including identity verification and sanction screening, and launches conditional execution functionality for valid transactions.
AllUnity launches MiCA-regulated dollar stablecoin USDAU, now live on six chains
Odaily reports: European stablecoin issuer AllUnity has launched the U.S. dollar stablecoin USDAU, its fourth fiat-backed stablecoin. USDAU maintains a 1:1 peg to the U.S. dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.AllUnity is regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) and has previously issued the euro stablecoin EURAU, the Swiss franc stablecoin CHFAU, and the Swedish krona stablecoin SEKAU. (Cointelegraph)
Binance-labeled wallets saw over $5.6 billion in outflows amid suspected attack
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
A user's private key is suspected to have been leaked, with approximately $1.58 million in assets stolen.
According to monitoring by Scam Sniffer, a user's assets on the Ethereum and Base networks were reportedly stolen due to a leaked private key, resulting in losses of approximately $1.58 million. The attacker drained 682 ETH in under two hours, with approximately 281 ETH subsequently transferred to Tornado Cash.
Samsung Electronics to Manufacture NVHBM Base Dies Using TSMC's 3nm Process at NVIDIA's Request
According to Odaily, Citrini analyst jukan posted on X platform that, citing Korean media reports, Samsung Electronics has decided to manufacture NVHBM base dies using TSMC's 3nm process at NVIDIA's request. Samsung Electronics has not entirely ruled out using its own foundry lines and is currently validating the feasibility of producing base dies in-house in the event that NVHBM demand exceeds TSMC's capacity.
Coinbase and Marqeta Expand Partnership to Offer Stablecoin Payment Card Services for Enterprises
Odaily News: Payment technology company Marqeta will expand its partnership with Coinbase to provide enterprises with payment card services backed by customers' stablecoin assets. Coinbase will handle stablecoin custody and digital currency-to-fiat conversion, while Marqeta will manage card issuance and payment processing. Coinbase's Base blockchain will provide on-chain settlement infrastructure. The service targets Marqeta's enterprise clients, spanning both the crypto industry and traditional enterprises. Cardholders can spend stablecoins at millions of merchants worldwide that accept bank card payments, and businesses can fund their payment card programs around the clock. The two parties have not yet disclosed specific fees, an official launch date, or the initial stablecoin types supported.
PeckShield: $THEO hacked, 19 million tokens minted and cashed out for approximately $1.76 million.
According to on-chain analyst PeckShield (@PeckShieldAlert), hackers illicitly minted 19 million $THEO tokens on the Base network, converted them into 700.8 ETH (approximately $1.76 million), and transferred the funds to the Ethereum network via a cross-chain bridge. As a result, the price of the $THEO token plummeted by 92% within 24 hours.
Analysis: Ethereum's liquidity moat remains unbreached, with five reasons supporting its strong position.
Analyst Jake Koch-Gallup posted that Ethereum's liquidity moat has not been breached, citing five reasons: first, ETH is not only a medium of exchange but also possesses reserve and collateral asset attributes; second, Ethereum still accounts for 65% of DeFi TVL, with the Layer 2 ecosystem continuing to expand, covering networks such as Base and Robinhood Chain; third, although Ethena's USDe share on Ethereum has dropped from 88% to 56%, Ethereum remains its largest network; fourth, while the stablecoin share has declined to 51%, if the overall market cap reaches $3 trillion, Ethereum capturing even 30% would see its stablecoin volume surge from the current $15.5 billion to nearly $1 trillion; fifth, Ethereum maintains over a decade of uninterrupted operation, a dominant developer ecosystem, a 36% staking rate, and continues to lead in institutional adoption and RWA activity, keeping its fundamentals firmly intact.
Binance-labeled wallets saw over $5.6 billion in outflows amid suspected attack
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
Myriad cancels 10 prediction markets after being hacked; affected users will receive automatic refunds.
According to The Defiant, prediction market platform Myriad Markets confirmed that its internal admin wallet, used to automatically create and settle certain markets, was compromised. On October 26, the attacker manipulated the results of 10 prediction markets using the wallet and claimed rewards, involving topics such as the OpenAI and Anthropic IPOs, whether Base will issue tokens in 2026, and the U.S. midterm elections. Myriad subsequently revoked the wallet's administrative privileges and declared the related markets void.
A user's private key is suspected to have been leaked, with approximately $1.58 million in assets stolen.
According to monitoring by Scam Sniffer, a user's assets on the Ethereum and Base networks were reportedly stolen due to a leaked private key, resulting in losses of approximately $1.58 million. The attacker drained 682 ETH in under two hours, with approximately 281 ETH subsequently transferred to Tornado Cash.
PeckShield: $THEO hacked, 19 million tokens minted and cashed out for approximately $1.76 million.
According to on-chain analyst PeckShield (@PeckShieldAlert), hackers illicitly minted 19 million $THEO tokens on the Base network, converted them into 700.8 ETH (approximately $1.76 million), and transferred the funds to the Ethereum network via a cross-chain bridge. As a result, the price of the $THEO token plummeted by 92% within 24 hours.
Base Vault Suffers ~$6M Exploit, Still Holds $31.7M in Assets
Odaily reports: Gonçalo Magalhães, Head of Security at Immunefi, stated that an unnamed Base vault suffered an approximately $6 million exploit, while still holding around $31.7 million in assets at the time of the incident. According to a briefing, the attacker used a Safe multisig wallet to add a malicious contract to the vault's lending whitelist, then withdrew 1,783 aBaswstETH and swapped it for approximately 1,783 wstETH via AaveV3. Gonçalo Magalhães noted that while whitelisted addresses may appear secure, approved addresses can withdraw assets without collateral, constituting a vulnerability; this whitelist weakness had been discovered the previous week, but researchers lacked a clear disclosure channel. More than 24 hours after the incident, no team had publicly claimed responsibility or disclosed remediation measures.
Over $6 Million in Assets Stolen from Base Anonymous Multisig Vault, 7 Signer Identities Unknown
A crypto asset vault on Base had approximately 1,783 wstETH transferred out on October 4, resulting in losses exceeding $6 million. On-chain records show that the vault is controlled by a 3-of-7 Safe, and the identities of the seven signers have not yet been made public.Security firms stated that the attacker borrowed aBaswstETH from the vault and swapped it for wstETH through Aave. Neither the Base chain itself nor Aave's core contracts have been identified as being exploited, and the specific authorization vulnerability remains unconfirmed. (Bitcoin.com News)
Non-USDC ERC-20 tokens can now achieve cross-chain transfers via CCTP, Circle releases developer guide
Odaily reports: Circle has released a developer guide explaining how token issuers can enable cross-chain transfers for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already-issued ERC-20 tokens as custom CCTP connections; both approaches reuse Circle's messaging and attestation infrastructure and adopt a burn-and-mint model. Issuers can set their own owner, operator, pause permissions, rate limits, and per-transaction transfer caps, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.
Kraken Launches Kraken Wallet Browser Extension, Supporting Multi-Chain Wallets, Cross-Chain Swaps, and Bridging
Washington Sanchez, Head of Product at Kraken Wallet, stated that the self-custodial Kraken Wallet browser extension is now live, supporting multiple networks including Bitcoin, Ethereum, Solana, Ink, Base, and Robinhood Chain. Users can create or import wallets using a mnemonic phrase or private key, use view-only wallets, or log in via email, Google, Apple, or passkeys. The extension also supports single-chain and cross-chain swaps, as well as cross-chain bridging, with related fees set at 10 basis points.
Base valuation of $128, with non-crypto trading accounting for about 30% on Hyperliquid
research firm Decentralised.co (DCo) has released a report stating that the share of non-crypto asset trading volume on Hyperliquid rose from zero in September 2025 to a peak of 51% in July 2026, and stood at approximately 30% in October 2026; on October 27, such trading accounted for 40% of the platform's $7.2 billion in daily trading volume, with single stocks being the largest trading category that day.The report uses a 2029 global futures and equities market size of $934 trillion as its base, with the base-case scenario assuming crypto trading volume grows to 3 times the current level, a 3% share of the non-crypto market, a blended fee rate of 0.006%, USDC yield falling to 3.6%, and HIP-4 contributing $100 million in revenue; on this basis, it estimates that 2029 revenue will rise from $944 million to $4.91 billion, corresponding to an HYPE price of $128 at a 40x valuation, $98 at a 30x valuation, and $165 under the optimistic scenario, with the current HYPE price at approximately $77. The report states that if the non-crypto fee rate falls to CME's 0.0004%, the base valuation would drop to $66; Binance has already listed 229 TradFi perpetual contracts this year, with average daily trading volume of $13.4 billion, higher than Hyperliquid's $2.3 billion.
Bitwise: Bitcoin Could Rise to $1.6 Million by 2036 Under Base Case Scenario
Odaily News: Bitwise has released its "2027 Bitcoin Long-Term Capital Market Assumptions" report, forecasting Bitcoin's returns, volatility, and correlation with equities over the next 10 years. Bitwise stated that under its base case scenario, Bitcoin is expected to rise to $1.6 million by 2036.
Ripple Partners with Coinbase to Expand RLUSD Access Channels
RLUSD supports deposits and withdrawals across three chains: XRPL, Base, and Ethereum, while Ripple will provide liquidity on Base. Support for Coinbase Global Exchange customers (including the use of RLUSD as collateral) will follow. Launched in December 2024, RLUSD currently has a market capitalization exceeding $2.4 billion.
Iron Fish Warns of wIRON Minting Anomalies on Base, Suspends Purchasing and Cross-Chain Operations
Iron Fish stated that the team is investigating the anomalous issuance of wIRON on the Base network and has requested cross-chain bridge provider ChainPort to conduct an emergency review. Until further notice, users should avoid purchasing wIRON on Base or using related cross-chain bridges. Iron Fish warned that wIRON currently cannot be guaranteed to be 1:1 fully backed by assets, and stated that further updates will be released after verifying additional details.
Related news
He Yi Responds to Binance Solvency Concerns: Trading Volume, Fees, and User Base Data Are All Publicly Available
He Yi stated that he understands some users' concerns regarding Binance's solvency, and noted that data such as trading volume, fee revenue, user base size, and BNB quarterly burns are all publicly available.
Non-USDC ERC-20 tokens can now achieve cross-chain transfers via CCTP, Circle releases developer guide
Odaily reports: Circle has released a developer guide explaining how token issuers can enable cross-chain transfers for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already-issued ERC-20 tokens as custom CCTP connections; both approaches reuse Circle's messaging and attestation infrastructure and adopt a burn-and-mint model. Issuers can set their own owner, operator, pause permissions, rate limits, and per-transaction transfer caps, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.
Binance-labeled wallets saw over $5.6 billion in outflows amid suspected attack
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
Kraken Launches Kraken Wallet Browser Extension, Supporting Multi-Chain Wallets, Cross-Chain Swaps, and Bridging
Washington Sanchez, Head of Product at Kraken Wallet, stated that the self-custodial Kraken Wallet browser extension is now live, supporting multiple networks including Bitcoin, Ethereum, Solana, Ink, Base, and Robinhood Chain. Users can create or import wallets using a mnemonic phrase or private key, use view-only wallets, or log in via email, Google, Apple, or passkeys. The extension also supports single-chain and cross-chain swaps, as well as cross-chain bridging, with related fees set at 10 basis points.
Base valuation of $128, with non-crypto trading accounting for about 30% on Hyperliquid
research firm Decentralised.co (DCo) has released a report stating that the share of non-crypto asset trading volume on Hyperliquid rose from zero in September 2025 to a peak of 51% in July 2026, and stood at approximately 30% in October 2026; on October 27, such trading accounted for 40% of the platform's $7.2 billion in daily trading volume, with single stocks being the largest trading category that day.The report uses a 2029 global futures and equities market size of $934 trillion as its base, with the base-case scenario assuming crypto trading volume grows to 3 times the current level, a 3% share of the non-crypto market, a blended fee rate of 0.006%, USDC yield falling to 3.6%, and HIP-4 contributing $100 million in revenue; on this basis, it estimates that 2029 revenue will rise from $944 million to $4.91 billion, corresponding to an HYPE price of $128 at a 40x valuation, $98 at a 30x valuation, and $165 under the optimistic scenario, with the current HYPE price at approximately $77. The report states that if the non-crypto fee rate falls to CME's 0.0004%, the base valuation would drop to $66; Binance has already listed 229 TradFi perpetual contracts this year, with average daily trading volume of $13.4 billion, higher than Hyperliquid's $2.3 billion.
Bitwise: Bitcoin Could Rise to $1.6 Million by 2036 Under Base Case Scenario
Odaily News: Bitwise has released its "2027 Bitcoin Long-Term Capital Market Assumptions" report, forecasting Bitcoin's returns, volatility, and correlation with equities over the next 10 years. Bitwise stated that under its base case scenario, Bitcoin is expected to rise to $1.6 million by 2036.