base

Coinbase CEO Brian Armstrong posted on X in response to the recent controversy sparked by his profile picture change and the voices from the Base community feeling insufficiently supported. Armstrong made it clear that his personal X account should not be viewed as investment advice or a signal source for individual tokens; he simply shares content online that he finds interesting or funny, and he may not be aware of whether the content relates to a specific token or project. His posts and profile picture do not constitute endorsement or commitment.Armstrong pointed out that Base is committed to building financial services infrastructure, covering tokenized stocks, lending protocols, stablecoin payments, and even meme coin trading. He supports economic freedom and user freedom to trade, but treating his X account as a trading signal is a risk users must bear, which also goes against his own wishes. Regarding support from the Base team or Coinbase, Armstrong stated that many tokens cannot be listed on centralized exchanges due to compliance and regulatory reasons, "If you hope Jesse or I can help pump or call certain tokens, we will not do that."The ways Coinbase has committed to support include hosting offline Base Batches events, providing funding to promising developers, investing in quality projects through Coinbase Ventures and the Base ecosystem fund, and regularly integrating promising Base DeFi protocols into Coinbase products. Currently, the post has over 1.05 million views.

Base co-founder Jesse Pollak stated that Robinhood Chain has made some progress in tokenized stocks within the Ethereum virtual machine environment, while Base is relatively lagging in this direction.He expressed dissatisfaction with this but mentioned that Base is close to resolving this issue together with Coinbase.

According to Jinshi reports, the Iranian Revolutionary Guard has launched an attack on the U.S. military facilities at the Ahmed Al-Jabir base located in Kuwait.

Base announced that Cobalt will be launched in September, with key features including Sponsorship, Batch Calls, and Session Keys.Among them, Sponsorship allows applications to sponsor transaction fees for users, achieving free Gas; Batch Calls support bundling multiple transactions into one, reducing operational steps; Session Keys allow users to authorize applications to sign transactions on their behalf within a specific scope, reducing repeated authorizations.

According to Yu Jin monitoring, the hacker who emptied the Bonk treasury of 4.426 trillion BONK through a governance proposal has completed the liquidation, and the last 400 billion BONK (1.17 million USD) has also been deposited into Coinbase.As of now, all 4.426 trillion BONK that he extracted from the Bonk treasury 13 days ago has been transferred to CEX. Due to his selling over the past few days, the price of BONK has dropped by 40%. When he first obtained these BONK, they were worth 21.2 million USD, and after selling while the price was falling, the total cash amount should be around 13.58 million USD.

According to on-chain analyst Onchain Lens (@OnchainLens), Bitvavo has withdrawn 3,890,000 LINK from Coinbase Prime to a new wallet, valued at approximately $32,590,000 at current prices.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for two consecutive months (from May 19 to July 19, a total of 62 days), with the latest value at -0.0633%.Previously, this index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "negative streak" since the launch of this indicator, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."

According to Ember monitoring, the Bonk treasury attacker transferred 400 billion BONK to Coinbase again about 5 hours ago, worth approximately 1.11 million USD. Of the 44.26 trillion BONK transferred due to the governance attack, 24.26 trillion have already been transferred to CEX. Since the attack, the price of BONK has dropped by 41%.

According to The Defiant, Coinbase CEO Brian Armstrong has changed his X platform avatar to a newly purchased CryptoPunk, after which the meme coin BRIAN, driven by the change in his avatar, significantly retraced. In the past 24 hours, the market capitalization of this token has dropped by about 86%, falling to approximately $1.5 million; during the same period, its trading volume in about 30 Uniswap liquidity pools was approximately $13.2 million, with total liquidity around $561,000.The report pointed out that Brian Armstrong had changed his X avatar to the "Coinbase Man" image corresponding to BRIAN on July 16, and posted "New profile photo - who dis," which the market initially interpreted as a signal of interest in the token, driving BRIAN to rise rapidly. The report emphasized that BRIAN is a community-created token, and Brian Armstrong is not the issuer and has not claimed any official association with it.

According to on-chain analyst Yu Jin's monitoring, through governance proposals, the Bonk treasury has been drained of $21.2 million. The address of BONK has transferred 40 billion BONK (worth $1.19 million) to Coinbase again.Since the first transfer early this morning, the price of BONK has dropped another 7%.

In response to the recent community controversy surrounding Base, crypto KOL Rune questioned on the X platform, stating that Cobie's goal in taking over the Base App is to promote on-chain transactions, but the current management of Base is continuously undermining user trust, leading users to believe that "trusting anything related to Base for more than 24 hours is a mistake." Under this culture, it is difficult to attract new users.In response, Cobie stated that he took over the Base App and related Coinbase trading products a few days ago, but he is not responsible for the Base chain. He acknowledged that Coinbase has long had a distance from users, especially native crypto users, and that Base and Coinbase have overdrawn a lot of user trust due to some avoidable mistakes. He hopes to listen more to the voices of on-chain users in the future and create products that users truly want to use.Subsequently, Rune responded again, stating that Coinbase's biggest problem is not just the alienation from users, but the long-term neglect and even harm to its own users. He indicated that currently over 10,000 Base users have suffered about 99% asset loss due to trusting the Base/Coinbase management, and the management's attitude towards related events has further exacerbated community dissatisfaction.Rune believes that Base has the infrastructure to become the best Layer2 in the crypto industry, but what is truly lacking is a leadership willing to take responsibility for users. He expressed hope that Cobie could change this situation, but emphasized that the current issues with Base are not just about damaged trust, but that community trust has almost completely eroded.

According to on-chain analyst @ai_9684xtpa, the Ondo team associated address (0xEA5...5e1) received 150 million ONDO from the Ondo team's multi-signature address on June 23, and 26.05 million ONDO, worth 9.79 million USD, was deposited to Coinbase 11 hours ago.This operation is consistent with the previous "receive coins, hold for a period, transfer to exchange" operational path, and the purpose is unknown.

According to on-chain analyst Yu Jin's monitoring, a relevant address that previously transferred $21.2 million worth of BONK from the Bonk treasury through a governance proposal transferred 1.186 trillion BONK (approximately $4.11 million) to Binance yesterday and today transferred another 400 billion BONK to Coinbase, worth about $1.28 million.Data shows that of the 4.426 trillion BONK transferred from the Bonk treasury through the governance proposal, 1.626 trillion BONK (approximately $5.58 million) has already been transferred to centralized exchanges. Additionally, in the 11 days since this address transferred assets from the Bonk treasury, the price of BONK has dropped by about 36%, from $0.0000047 to $0.000003.

According to Jinshi reports, Iran's state television cited Iranian military sources stating that strikes have been carried out against U.S. camps and bases in Kuwait and Jordan.

According to Cointelegraph, Piero Cipollone, a member of the Executive Board of the European Central Bank (ECB), stated that the large-scale adoption of stablecoins could weaken the retail deposit base of commercial banks and alter the competitive landscape of the traditional banking system. Cipollone pointed out during a speech at the Italian Banking Association in Rome on Friday that digital payments are reshaping the banking industry while increasing Europe’s reliance on non-European payment infrastructures.Banks are currently facing declining payment fee revenues and loss of transaction data due to the development of mobile payment service providers. As payment tools like stablecoins and other digital assets become more widespread, commercial banks may face increased pressure from deposit outflows. Cipollone emphasized that the digital euro will help maintain the status of public money and ensure that banks continue to participate in the payment ecosystem while meeting the evolving financial needs of customers."The digital euro can both maintain the role of public funds and ensure that banks retain an important role in the payment system," Cipollone stated. This Tuesday, the European Central Bank selected 36 payment service providers to participate in a 12-month pilot project for the digital euro, including banks, fintech companies, and payment firms.The pilot program is set to launch in the second half of 2027, aiming to test the feasibility of retail central bank digital currency (CBDC) operating in the eurozone. The European Central Bank has previously stated that if relevant legislation and testing progress smoothly, the digital euro could be officially issued as early as 2029.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 60 consecutive days (from May 19 to present), with the latest value at -0.0908%.Previously, this index was in the negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "continuous negative" period since the launch of this indicator, surpassing the approximately 30 days of continuous negative premium during the "1011 crash." Historical data shows that prolonged negative premiums are often accompanied by the exit of institutional funds from the United States, and caution is needed regarding short-term pullback pressure.

According to GMGN market data, the market capitalization of the Base chain meme coin BRIAN briefly exceeded $18 million, currently reported at about $15 million, with a short-term increase of over 27 times.This increase may be influenced by the change of the X avatar by the Coinbase CEO. The price of meme coins is highly volatile and easily affected by market sentiment and trending events, please be aware of trading risks.

According to Onchain Lens monitoring, BlackRock withdrew 1,246 BTC (approximately $80.6 million) and 3,542 ETH (approximately $6.69 million) from Coinbase Prime.

According to the official announcement, the Binance futures platform will launch the MINIMAX USDT perpetual contract at 11:00 on July 17, the ZHIPU USDT perpetual contract at 11:05, the HK0700 USDT Quanto perpetual contract at 11:10, the HK1810 USDT Quanto perpetual contract at 11:15, and the TENCENT USDT perpetual contract at 13:00.