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Blockchain Sleuths Say Base is Sending All L2 Fees to Coinbase

Base, an Ethereum Layer 2 scaling solution network by Coinbase, came under scrutiny on X for transferring sequencer fees to the centralized exchange. “BASE has been sending all sequencer fees to Coinbase since launch,” Santisa, the pseudonymous chief investment officer of Lucidity, said in an X post . “We don’t know if they sold, but we do know they didn’t deploy those funds on Base or keep them on-chain.” They added that the “lack of transparency makes it fair to assume they sold,”which is “not very Ethereum-aligned of them.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag

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Gate.io Becomes Exclusive Crypto Partner of Oracle Red Bull Racing

Crypto exchange, Gate.io has signed a multi-year partnership with Oracle Red Bull Racing, with the collaboration aiming to accelerate crypto adoption. Gate.io Partners with Red Bull Racing for Increased Crypto Visibility in Formula 1 Gate.io, a global crypto exchange has announced an exclusive partnership with Oracle Red Bull Racing, the eight-time championship-winning Formula 1 team. CoinOtag