The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase’s new Base blockchain, Shiba Inu community’s “Shibarium” network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.Source
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.Source
Cypher’s IDO will test whether it can recapture momentum.Source
By one measure, bitcoin’s price performance this cycle is the worst in the asset’s history.Source
Nate Chastain, the former head of product at NFT platform OpenSea, has received a three month prison sentence for making tens of thousands of dollars worth of insider trades during his tenure at the NFT company.Source
Ethereum-based DeFi major Balancer learned of a “critical vulnerability” that imperils a slice of the protocol’s user-deposited crypto.Source
BNB, formerly known as Binance Coin, dropped to as low as $204, lowest since late June 2022.Source
Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year.Source
Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and OptimismSource