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Coinbase is set to introduce a new wrapped Bitcoin token named cbBTC, launching on its Base blockchain. The announcement, made via a tweet, highlights Coinbase’s ambition to create a substantial Bitcoin economic system within the Base network.

The Ethereum layer-2 (L2) scaling ecosystem has achieved a significant milestone, reaching a new all-time high for daily transactions. On August 12, aggregated daily transactions across the L2 network peaked at 12.42 million, according to Growthepie, a block space analytics platform focused on Ethereum’s L2 solutions.

Bybit has unveiled a new, comprehensive framework for listing and delisting cryptocurrencies aimed at enhancing user protection, maintaining market integrity, and fostering a healthier blockchain ecosystem.

Recent data reveals a notable increase in the inflow of leading stablecoins USDC and USDT to centralized cryptocurrency exchanges, raising speculation about a possible rise in Bitcoin (BTC) prices.

On Wednesday, Shiba Inu (SHIB) saw a minor decline of 0.1% following a pivotal loss of a key accumulation zone. Despite this, on-chain and technical indicators suggest that the meme coin might experience a brief rally if certain conditions are met.

The crypto gaming sector has experienced a lull in momentum since its peak from February to April. However, recent developments suggest that a resurgence may be on the horizon.