Base hits 1M daily active addresses as Basenames takes off
Coinbase layer-2 network Base has notched a record number of daily active addresses amid a surge in growth of the new “basenames” service.
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Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom
Polkadot is making moves to expand its ecosystem, announcing a new DeFi Alliance alongside a new support program for validators. Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance.Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to…

Web3 technologies could be a game changer for the travel industry
Many companies and industries are incorporating Web3 technologies into their business structures, and the travel industry is no exception.On Wednesday, Flybondi, an Argentinian airline, announced a strategic alliance with TravelX, a blockchain technology company responsible for tokenizing flight tickets. The partnership intends to enable travelers to purchase airline tickets as nonfungible tokens through Binance Pay,…

Caitlin Long on Banking Backdrop, Stifled Regulation to Serve Crypto
During Virtual Blockchain Week, Cointelegraph spoke with Caitlin Long — the founder and CEO of the upcoming “crypto bank” Avanti Bank & Trust as well as the driving force behind regulatory changes in the state of Wyoming for allowing financial institutions to handle both crypto assets and fiat currencies.A Wall Street veteran, Caitlin Long ran…

Visa should be ‘scared’: Lightning Labs raises $70M to add stablecoins
The firm has built a new protocol called Taro to enable stablecoins to be sent and received on the Bitcoin Lightning Network. 412 Total views 35 Total shares Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions.The $70…

Spot Solana ETF might 9X the price of SOL: GSR Markets
The crypto market maker’s forecast for Solana was based on a “blue sky” scenario, while its “bear” scenario only predicted a 1.4x increase in Solana’s price.

New Zealand crypto exchange Dasset enters liquidation
Customers of Auckland-headquartered crypto exchange are denied access to their funds. Customers of Auckland-headquartered crypto exchange, Dasset, are denied access to their funds, the company’s representative revealed the beginning of liquidation. On August 14, the New Zealand newspaper The Herald reported the Dasset troubles. According to the report, some customers have been unsuccessfully trying to withdraw their…

Three birds, one stone: Enhancing DeFi with political parties
Meta-DeFi protocols are becoming increasingly popular following the success of Yearn.finance. The project is essentially a yield farming hedge fund that lets people participate in complex strategies to farm the governance tokens, or GTs, of other protocols.Yearn is just about business — it sells any tokens it obtains through its activity. But a new project…

CZ and Binance face new lawsuit, RFK Jr suspends campaign, and more: Hodler’s Digest Aug. 18 – 24
Binance and former CEO CZ face lawsuit by investors over unrecoverable assets; RFK Jr. suspends, but doesn’t end, campaign: Hodler’s Digest.