BTC $78,456.25 -0.44%
ETH $2,460.88 +0.09%
BNB $699.87 +0.39%
XRP $1.39 -5.06%
SOL $97.02 -0.74%
TRX $0.3351 -1.68%
DOGE $0.0851 -3.62%
ADA $0.2061 -3.33%
BCH $260.49 -2.03%
LINK $11.31 -1.38%
HYPE $80.86 -0.47%
AAVE $124.25 -2.78%
SUI $0.7418 -4.41%
XLM $0.1802 -5.01%
ZEC $778.21 -2.22%
BTC $78,456.25 -0.44%
ETH $2,460.88 +0.09%
BNB $699.87 +0.39%
XRP $1.39 -5.06%
SOL $97.02 -0.74%
TRX $0.3351 -1.68%
DOGE $0.0851 -3.62%
ADA $0.2061 -3.33%
BCH $260.49 -2.03%
LINK $11.31 -1.38%
HYPE $80.86 -0.47%
AAVE $124.25 -2.78%
SUI $0.7418 -4.41%
XLM $0.1802 -5.01%
ZEC $778.21 -2.22%

base

Base is a secure, low-cost, developer-friendly Ethereum L2 designed to bring the next billion users into web3. Base is incubated within Coinbase and plans to gradually decentralize over the next few years.
All
Article
Flash

first_img Coinbase's Chief Policy Officer rebuts the American Bankers Association: There is no evidence that stablecoin rewards lead to bank deposit outflows

According to CoinDesk, Coinbase Chief Policy Officer Faryar Shirzad wrote an article for CoinDesk rebutting the arguments made by the American Bankers Association (ABA) against the stablecoin reward provisions in the Clarity Act. ABA CEO Rob Nichols claimed that only minor wording changes were needed to strengthen the bill and warned that allowing stablecoin rewards would lead to a loss of deposits for community banks.Shirzad pointed out that Coinbase has been paying stablecoin rewards for USDC for over four years, while community bank deposits grew by 26% from June 2019 to March 2026, amounting to approximately $482 billion.Shirzad cited research from Charles River Associates and the Economic Advisory Council stating that there is no significant correlation between stablecoins and bank deposits. He emphasized that the credit card industry was built on reward mechanisms, and the banking industry itself relies on this model. The current text of the bill was reached after months of negotiations between Senators Tillis and Alsobrooks and bank representatives, clearly delineating the boundaries: prohibiting returns on idle funds but allowing compensation for real activities.Shirzad believes that the Clarity Act will grant banks the broadest statutory powers since the Gramm-Leach-Bliley Act of 1999, including custody, staking, lending, payments, clearing, and market-making, with community banks benefiting the most. He called on all parties to accept this compromise and work together to advance the bill.

first_img Bitwise launches an automated portfolio based on Coinbase tokenized stocks

Digital asset management company Bitwise announced the launch of a Tokenized Stock Automated Portfolio (ATP), allowing eligible investors to hold and automatically rebalance a basket of U.S. stocks directly in their crypto wallets. These products utilize tokenized U.S. stocks recently launched by Coinbase, with rebalancing executed by portfolio technology provider Glider based on a model designed by Bitwise, currently available only to qualified investors outside the U.S.The first portfolios cover configurations focused on AI, robotics, and an expanded version of the "Big Seven" U.S. stocks, which includes weighted allocations to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, along with SpaceX. Bitwise Chief Investment Officer Matt Hougan stated that for over a century, accessing professional models meant handing assets over to funds, whereas ATP allows investors to keep their assets in their own wallets while the model actively seeks them out.The announcement came a day after Coinbase launched tokenized stocks for Apple, Nvidia, Meta, and Alphabet on the Base network. Bitwise is an asset management company managing approximately $9 billion in assets and has recently ventured into on-chain asset management businesses such as DeFi treasury curation. Glider is a specialized firm in automated portfolios and earlier this year collaborated with Ondo Finance to provide personalized portfolios using its tokenized stock products.

first_img Thomson Reuters launched its self-developed AI model Thomson-1, based on Alibaba's open-source Qwen

According to Business Insider, Thomson Reuters launched its first self-developed AI model, Thomson-1, on Monday. This model is based on Snowdon and constructed through "re-alignment" of Alibaba's open-source Qwen model. Open-source means anyone can download and modify the model for free. Thomson-1 will take over some tasks previously handled by Anthropic's Claude, but it is not intended to completely replace collaboration with Anthropic and other labs, initially focusing on the company's areas of expertise, starting with document review.This move aims to address the high AI costs brought by models like Claude and OpenAI Codex, and reflects the use of cheaper Chinese open-source AI. CTO Joel Hron stated that the main reason is to better leverage Thomson Reuters' own expertise and control costs. The company expanded its collaboration with Anthropic in May this year for the AI legal assistant CoCounsel, which still primarily relies on Claude. Hron said, "Our main goal is to gradually make Thomson the model that drives more and more capabilities for CoCounsel."Thomson Reuters, in collaboration with a team from Imperial College London, spent months transforming Qwen to build Snowdon and ensured it is "ethically and politically bias-processed and safe to use." Hron pointed out that having a proprietary model allows for development based on its own intellectual property rather than continuously paying external AI companies, comparing it to renting versus buying a house: renting provides shelter but does not accumulate long-term equity.

first_img Samsung and SK Hynix strengthen their NAND base in China, advancing equipment investment before the end of the year

According to a report by ZDNet Korea, Samsung Electronics and SK Hynix plan to continue investing in equipment for NAND flash production lines in China until next year to strengthen local production bases. Since the first half of this year, Samsung has been advancing V9 NAND conversion investments at the Xi'an X2 production line, which features an advanced process with approximately 280 layers stacked, and is expected to achieve a monthly production capacity of 40,000 to 50,000 wafers. To stabilize mass production, the company has confirmed a supplementary investment plan, focusing on additional etching process equipment, with related procurement orders expected to be clarified around the end of the year, and the supplementary investment planned to be executed starting in the second half of next year.SK Hynix has been advancing equipment investments related to NAND product upgrades at its Dalian Plant 2 since the third quarter of this year, with a discussed scale of approximately 30,000 wafers per month. Key manufacturing equipment will begin arriving next month, with plans to complete deployment by the first half of next year. The Dalian plant is an asset acquired after SK Hynix took over Intel's NAND division in the second half of 2020. In 2022, a groundbreaking ceremony was held for the expansion of Plant 2, but equipment investment was temporarily halted due to market conditions; this investment is now being restarted.Industry insiders point out that the above arrangements aim to gradually expand advanced NAND capacity within China to meet the rapid growth in demand for high-end storage in fields such as artificial intelligence servers.
app_icon
ChainCatcher Building the Web3 world with innovations.