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Polygon Labs Appoints Former Stripe Crypto Lead as Chief Product Officer

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On September 15th, as per Fortune, John Egan, who previously served as the crypto lead at Stripe, announced his joining of Polygon Labs as the Chief Product Officer. His focus will be on enhancing the payment experience within the Polygon ecosystem. Egan had previously led Stripe's acquisitions of the stablecoin company Bridge ($1.1 billion) and the crypto wallet company Privy, and had driven the development of the in-house blockchain Tempo. In July, the circulation of Polygon's stablecoin reached $29 billion, with more than 4.5 million active addresses, outperforming Ethereum during the same period. Egan expressed optimism regarding Polygon's application in the stablecoin micro-payment field.
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Coinbase CEO Confirms Base is Exploring Issuance of its Native Token

On September 15th, Brian Armstrong, the co-founder and CEO of Coinbase, stated in a post, "We are conducting exploration into issuing the native token of the Base network. It has the potential to serve as a significant tool to expedite decentralization and drive the growth of creators and developers within the ecosystem. It should be emphasized that there is currently no definite plan. We are merely updating our vision. Up to now, we are still in the exploration stage."

2 minutes ago

If Ethereum drops below $4400, the mainstream CEX liquidation cascades will reach a total of $1.2 billion.

On September 15th, based on Coinglass data, if Ethereum drops below $4400, the cumulative liquidation strength of major CEXs in terms of long positions will reach $1.2 billion. Conversely, if Ethereum goes above $4600, the cumulative liquidation strength of major CEXs in terms of short positions will reach $1.162 billion. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity avalanche.

2 minutes ago

Dogecoin ETF DOGE and XRP ETF XRPR are scheduled to launch this Thursday.

On September 15th, Bloomberg's senior ETF analyst Eric Balchunas disclosed that "As of the present moment, the Dogecoin ETF DOJE is slated to commence on this Thursday. Alongside this, there is the 40 Act spot XRP ETF XRPR (both are included in the same effective S-1 filing). This encompasses Trump and Bonk as well, but their launch dates have not been made public yet." The Rex-Osprey DOGE Spot ETF (coded as DOJE) is structured in accordance with the Investment Company Act of 1940, similar to SSK. A significant number of projects structured under the Securities Act of 1933 are still awaiting approval from the U.S. Securities and Exchange Commission (SEC). This is likely to be the first intentionally assetless ETF in the history of the United States.

2 minutes ago

A TON Foundation intern airdropped coins during a pump.fun livestream and has now been fired.

September 15. The TON Foundation issued a statement saying, "We have observed that recently, the actions of an intern at the TON Foundation have given rise to certain questions and concerns within the community. To make things clear: this individual launched a personal Meme token on pump.fun and promoted it through social media and live streams using a personal X account that bore the TON logo. During this period, some plans regarding the future of the token were disclosed, but shortly thereafter, the relevant posts were removed, the live streams were halted, and the project was abandoned." "It should be noted that this was not an action initiated by the Foundation. The Foundation has never authorized or supported this project. However, since this individual was in charge of managing the official TON X account and simultaneously promoted the token using an account with the TON logo, we understand that this may lead to confusion and damage trust." "We attach great importance to this m

2 minutes ago

Bitcoin Withdrawals Slowing Down, CEX Net Inflow of 473.47 BTC in the Last 24 Hours

On September 15th, based on Coinglass data, within the past 24 hours, the total net inflow of BTC on CEXs was 473.47 BTC. The top three CEXs in terms of inflow volume are as follows: · Coinbase Pro had a net inflow of 1,354.08 BTC; · Kraken had a net inflow of 635.33 BTC; · Bybit had a net inflow of 14.27 BTC. Moreover, Binance had a net outflow of 980.25 BTC and ranked first in the outflow list.

2 minutes ago

Base is exploring issuing its network's native token.

On September 15th, according to market reports, Jesse Pollack, the lead of Coinbase Protocol, stated that Base is exploring the issuance of a network token.

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