Coinbase releases bridge between Base and Ethereum ahead of public launch
A notable incident involved a Bald memecoin, which was started by an unknown developer.
Last week, the token boasted a valuation of $85 million. Its value plummeted to nearly zero after the developer abruptly liquidity from Bald’s main liquidity pool, resembling the features of a rug pull —a deceptive strategy where key developers or holders siphon off liquidity, causing the token’s price to collapse.at Base’s decentralized exchange LeetSwap.After becoming publicly available, Coinbase is eyeing for a more structured phase that includes launch partners. The team is set to introduce “Onchain Summer,” a month-long promotional event on the network.
Additionally, starting from August 9, the network will introduce NFT functionalities. Users will be able to mint commemorative NFTs, participate in tasks to earn rewards, and reserve cb.id crypto usernames on the Coinbase Wallet. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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