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Base saw a significant increase in total value locked (TVL), reaching nearly $1 billion. The TVL has doubled from the amount recorded at the beginning of March, which was $470 million. Nearly half of Base’s TVL is attributed to Aerodrome, contributing $424 million.
Bitcoin retook $70,000 Monday for the first time in about 10 days while Coinbase, MicroStrategy stocks surge
Quick Take Fantom Foundation is preparing to launch Sonic, its next iteration after Opera. Sonic aims to process 2,000 transactions per second with sub-second finality and is expected to debut in late summer or early fall. It is planned to serve as a shared sequencer for Layer 1 and Layer 2 chains, aiming to process large volume of transactions.
- 13:33PlanB: Getting Ready for the U.S. ElectionOn Nov. 3, crypto analyst PlanB said in a social media post, “Bitcoin closed October at $70,231, slightly below the monthly close of $71,285 in March. Getting Ready for the U.S. Election.
- 13:32Craig Wright Says He Can't Appear in December COPA Lawsuit Due to Autism and Christmas ScheduleCraig “Satoshi Auburn” Wright has argued that he will not be able to attend a December court meeting due to his severe autism and his Christmas schedule, after he was charged with contempt of court in a legal motion filed by the Coalition for Crypto Open Patents (COPA), Protos reports. Bird and Bird, the law firm representing the Crypto Open Patent Alliance, claimed that Craig Wright violated his injunction after removing online notices and filing lawsuits against Jack Dorsey's Square Up and BTC Core. Beyond that, the Crypto Open Patent Coalition seeks a stay of Wright's lawsuit and a suspension of related court proceedings until the contempt action is resolved. According to Crypto Open Patent Coalition attorney Joe Jonathan Hough, “Wright is trying to avoid the consequences of his actions. He may be trying to avoid the police or avoid detention.”
- 13:30Coinbase Legal Chief Accuses US FDIC of Suppressing Crypto IndustryCoinbase Chief Legal Officer Paul Grewal has accused the Federal Deposit Insurance Corporation (FDIC) of taking covert action to suppress the crypto industry, according to DL News. Grewal claims that documents obtained through the Freedom of Information Act show a series of so-called “suspension letters” in which the FDIC instructed banks to delay or stop providing services to crypto companies, citing concerns about “safety and soundness” and potential consumer risks. “Grewal points out that the FDIC is unfairly targeting legitimate crypto firms and limiting their access to banking services, and the documents shared by Coinbase show that in each case, the FDIC has required the bank to wait until it has completed further reviews, a process that Coinbase believes creates unfair barriers for crypto firms. companies by placing unfair barriers in their way.
