Base Explores Launching Token

🚀 Base Explores Native Token Launch

Token Plans Announced: At BaseCamp on September 15, 2025, Jesse Pollak, lead of Coinbase's Ethereum Layer 2 network Base, revealed early discussions about launching a native token. This marks a shift from Coinbase's earlier stance, with reps previously stating no token plans. Pollak emphasized transparency, saying, “We’re in the early phases of exploration,” with no specifics on timing or design. CEO Brian Armstrong confirmed on X: “there are no definitive plans.”

Base’s Growth Highlighted: Since its 2023 launch, Base has grown to $5 billion in total value locked, making it the second-largest L2 network after Arbitrum. It achieved sub-second, sub-cent transactions and reached “Stage 1” decentralization under Vitalik Buterin’s framework. Pollak noted, “Base is a bridge, not an island,” emphasizing Ethereum ties. The team stated, “Launching a token wasn’t necessary” initially, focusing on a secure, low-cost, developer-friendly ecosystem.

Base & Solana: Additionally, Base announced an open-source bridge to Solana, enabling users to deposit SOL and Solana-based SPL tokens directly into Base applications for use, and export Base assets back to Solana. This fosters interoperability between the Ethereum and Solana ecosystems, potentially increasing cross-chain liquidity, developer opportunities, and user adoption by combining Ethereum's security with Solana's high throughput. Read More.

️ On today's Top Picks:

  1. 🏆 Native Markets wins Hyperliquid $USDH stablecoin bid.
  2. 🪂 Lombard to launch $BARD airdrop checker on SEP 16th.
  3. ⛔ Court rules Trump can NOT fire Lisa Cook before FOMC meeting.
  4. 🤖 Sybil claims ~$4M from Avantis $AVNT airdrop.

Read time: ⏰ 8 minutes


Crypto News


Michael Saylor & other crypto executives to meet US lawmakers on September 16th; to push strategic Bitcoin $BTC reserve bill.

Ethereum $ETH Foundation forms dAI team led by Davide Crapis; to focus on the AI economy on Ethereum & decentralized AI stack.

Ethereum $ETH Foundation's Privacy & Scaling Explorations team rebrands to Privacy Stewards of Ethereum; releases roadmap.

• ⭐️ Native Markets wins $HYPE Hyperliquid $USDH stablecoin bid; to deploy USDH HIP-1 & its ERC-20 in the coming days.

Monero $XMR suffers 18-block rereorganization due to Qubic’s “selfish mining” tactics; 117–118 transactions over ~40 minutes were invalidated.

REX Shares-Osprey Ripple $XRP ETF & Dogecoin $DOGE ETF expected to list on September 18th; Bloomberg ETF analysts Eric Balchunas & James Seyffart caution nothing is certain.

Digital Asset Investment Products saw $3.3B in inflows last week; Bitcoin $BTC ~$2.4B inflows, Ethereum $ETH ~$646M inflows, Solana $SOL ~$198M inflows, Ripple $XRP ~$33M inflows.

MoonPay acquires Meso, a payments startup, for an undisclosed amount: Ali Aghareza & Ben Mills to join MoonPay team as new CTO and SVP of Product.

Polkadot $DOT DAO passes Referendum 1710 proposal capping supply at 2.1B; to replace current unlimited issuance model.

Alpha


USD (stablecoin) Farms by Olimpio.

• ⭐️ Base begins to explore the launch of a network token; currently in the early phases of exploration, no specifics regarding timing, design, or governance.

MetaMask launches MetaMask USD $mUSD stablecoin; offers liquidity incentives on Linea $LINEA.

OpenSea launches final pre-TGE phase of Rewards; claim a Treasure Chest & level it up to unlock rewards.

Polymarket files form with US SEC showing "other warrants" offered in latest raise, typically used to mean tokens; to potentially launch token soon.

Airdrops


Airdrops, Checkers, & Points by Olimpio.

Boundless launches $ZKC airdrop claim; provers, open source contributors, & more are eligible.

OpenEden to launch $EDEN TGE & airdrop at the end of September; Bill campaign snapshot taken on September 15th.

• ⭐️ Lombard to launch $BARD tokenomics & airdrop checker on September 16th; to launch airdrop claim on September 18th.

ICYMI Aster launches $ASTER airdrop eligibility & allocation checker; Rh & Au points holders, Gems holders, & loyalty points holders are eligible; claim on September 17th.

Finance News


• ⭐️ US Appeals Court rules President Trump can NOT fire Federal Reserve Governor Lisa Cook before FOMC meeting this week.

US Treasury Secretary Bessent says next round of US-China trade talks could result in another 90-day tariff pause; would be the third straight pause for a total of 270 days.

US President Trump says companies will no longer be required to report earnings quarterly, but instead every six months; subject to SEC approval.

US SEC Chair Paul Atkins says they will start issuing warnings before taking aggressive enforcement actions against companies.

US SEC & Gemini $GEMI reach 'resolution in principle' over lawsuit involving Gemini Earn; subject to SEC approval.

Strategy $MSTR buys 525 Bitcoin $BTC for ~$60.2M at ~$114,562 per BTC; now holds 638,985 BTC (~$73.7B) acquired for ~$47.23B at ~$73,913 per BTC.

Strive $ASST announces Board of Directors & initial Bitcoin $BTC strategy details; announces $950 million in capital initiatives.

Bitmine $BMNR buys ~82,233 Ethereum $ETH; now holds 2,151,676 ETH (~$9.7B) acquired for $4,632 per ETH.

Forward Industries $FORD buys 6.82M Solana $SOL for ~$1.58B at ~$232 per SOL; recently raised $1.65B led by Galaxy Digital, Jump Crypto, & Multicoin Capital.

Helius Medical Technologies $HSDT announces $500M PIPE led by Pantera Capital & Summer Capital; to launch a Solana $SOL treasury company.

Gold $XAU reaches new all-time high of ~$3.68K; up ~40% year to date.

PayPal $PYPL launches PayPal Links, a way to send & receive money through a personalized one-time link; to launch crypto support soon.

Security and Exploits


• ⭐️ Sybil claims ~$4M from Avantis $AVNT airdrop; the sybil attack was coordinated & spread across 300+ addresses.

Shibarium $SHIB $BONE bridge drained for ~$2.4M after flash loan attack; attacker also gained access to 10 of 12 validator signing keys.

Tether assists Royal Canadian Mounted Police (RCMP) in recovering ~460,000 $USDT connected to sophisticated investment fraud scheme.

Token Unlocks


• Starknet $STRK / ~$17M / SEP 15th
• Arbitrum $ARB / ~$46M / SEP 16th
• ZKsync $ZK / ~$10M / SEP 17th
• ApeCoin $APE / ~$10M / SEP 17th
Sourced from Tokenomist


Funding


Shift raises an undisclosed amount in Seed funding led by SNZ Holding.

The Degen Farmer

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PROTOCOLASSETSAPY
Aerodrome Slipstream logoAerodrome Slipstream (Base)EURCUSDC30.75%
PancakeSwap AMM V3 logoPancakeSwap AMM V3 (Ethereum)USDTUSDF28.01%
Hyperion logoHyperion (Aptos)USDTUSDC27.74%
Peapods Finance logoPeapods Finance (Ethereum)USDC27.36%
Merkl logoMerkl (Ethereum)LVUSDTUSDT25.36%
Pendle logoPendle (Arbitrum)SUSDAI24.39%
Mainstreet logoMainstreet (Sonic)MSUSD23.95%
. . .

🌿 OpenEden: Tokenized Real-World Assets

🌿 What is OpenEden: OpenEden is a leading real-world asset (RWA) tokenization platform that brings US Treasury Bill yields on-chain. Through products like TBILL (tokenized T-Bills) and USDO (yield-bearing stablecoin), it provides compliant, secure access to traditional finance yields in DeFi. Trusted by over 200 institutions, backed by Binance Labs, and holding an "A" investment-grade rating from Moody's, OpenEden bridges TradFi and crypto with a TVL exceeding $331M.

💼 From Bills to OpenSeason: The Bills Points Campaign concluded with a snapshot on September 15, 2025, recording participants' points earned through DeFi activities. Eligible wallets with at least 100,000 points can view their totals on the portal and will receive the EDEN airdrop under the adjusted EDEN HODLers Bonus Mechanism, with the "Starting Portion" increased to 80% for those with less than 10 million points. OpenSeason has now begun, introducing Curve Stability Vault and Pendle YT cUSDO Stability Vault, where users can pre-farm EDEN tokens ahead of the Token Generation Event (TGE) and airdrop at the end of September.

⚡ The EDEN Token: EDEN is the native token of the OpenEden ecosystem, designed to drive growth, governance, staking, incentives, and utility. With a total supply of 1B tokens, 7.5% (75M EDEN) is allocated to the Bills airdrop, fully unlocked but with an EDEN HODLers Bonus Mechanism to reward long-term holders. The Token Generation Event (TGE) and airdrop is scheduled for the end of September. Join the community to stay updated.

👉 Explore OpenSeason Vaults and start pre-farming EDEN today!

. . .

That’s it for today’s edition! See you soon.

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