Wednesday, August 23, 2023

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Setting the Pace

Coinbase-backed layer 2 blockchain, Base, achieved a remarkable peak of 15.88 transactions per second (TPS) within the last 24 hours, surpassing Ethereum, Arbitrum, and Optimism, according to l2beat.

This 156% surge in TPS in recent weeks is due to increasing investor interest in Base, primarily driven by the introduction of friend.tech, a social marketplace enabling the trading of shares in public figures. The platform has already attracted over 100,000 users shortly after its launch.

In today's news, we have a former Opensea head of product sentenced for insider trading, vulnerabilities in Balancer, and a $5 million raise for Maple Finance.

Read on!

Top 25 friend.tech Accounts by Royalty Earnings

Cobie, 0xRacerAlt, and HsakaTrades collectively contribute 34.6% of the total royalties earned among the top 25 friend.tech accounts by royalty earnings.

The other friend.tech accounts on the list had earnings ranging from $14.9k to $75.5k within 12 days of the beta launch on August 11, 2023. This is an average of $1.2k to $6.3k earned per day, which would lead to an annualized rate of $453.2k to $2.3 million (if daily earnings stayed at current levels).

Read more here!

Bitget KCGI 2023: Battle to Win a Share of 2,650,000 USDT!

The highly anticipated Bitget KCGI (King's Cup Global Invitational) is back! As our largest trading competition throughout the year, the 2023 KCGI has a prize pool of 2,650,000 USDT, and various giveaways including an Airbus H135 helicopter, Tesla Cyberquad for Kids, and iPhone 15 Pro Max!

Join Now!

24h Hot Searches Worldwide 🔥

Sei (-2.0%)
Bitrock (+15.3%)
Opulous (+4.5%)
Sui (+5.5%)
GALA (+0.3%)
Ethereum (-1.2%)
Worldcoin (-7.1%)

It seems like a new Layer 2 platform is popping up every other week 🔥 We've got you covered with all the most important ones in this video!

Let's find out here!

Convicted

Nathaniel Chastain, previously the head of product at OpenSea, has been sentenced to three months in prison after using insider information from the NFT marketplace to profitably trade assets showcased on its homepage.

Chastain, who had the authority to select NFTs for prominent placement on OpenSea, was found guilty of fraud and money laundering in May.

Decrypt

Expansion

Maple Finance has secured a $5 million funding round, with leading investors including BlockTower Capital and Tioga Capital.

The newly acquired funds will be utilized to facilitate the global expansion of Maple's services, with a particular focus on the Asia-Pacific (APAC) region.

Decrypt

Red Alert

Balancer, a prominent decentralized liquidity protocol on Ethereum, is advising certain users to promptly withdraw their tokens due to the identification of a severe vulnerability.

This vulnerability has the potential to endanger tens of millions of dollars worth of cryptocurrencies.

The Block