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Ethereum devs and L2 leaders go all in on based and native rollups

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Ethereum developers and leaders in the Layer 2 (L2) ecosystem have rallied behind “Base,” a development framework designed to streamline the creation of native rollups on Ethereum. The initiative aims to address scalability challenges and improve the efficiency of decentralized applications by fostering a unified approach to rollup development. Base’s launch has garnered widespread support from key stakeholders in the Ethereum ecosystem, who view it as a crucial step toward sustainable blockchain scaling.

Native rollups built using Base promise faster and more cost-efficient transactions by processing data off-chain while maintaining Ethereum’s security. This model aligns with Ethereum’s long-term roadmap, which prioritizes modular scalability through rollups and sharding. The framework is expected to significantly lower barriers to entry for developers, making it easier to deploy scalable and secure applications on the Ethereum network.

Major Layer 2 platforms like Optimism, Arbitrum, and zkSync have expressed their endorsement of Base, citing its potential to foster collaboration and interoperability across the Ethereum ecosystem. By standardizing rollup development, Base could enhance cross-chain communication and improve the overall user experience. Ethereum developers have also emphasized that this framework aligns with their vision of creating a more robust and decentralized blockchain infrastructure.

The adoption of Base marks a pivotal moment for Ethereum’s scaling efforts as it transitions into its next phase of growth. With broad support from developers and Layer 2 leaders, the framework is set to play a central role in enabling Ethereum to accommodate an ever-expanding user base and application ecosystem. As the competition in blockchain scalability intensifies, Base positions Ethereum as a frontrunner in delivering practical and innovative scaling solutions.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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