# BASED WEEKLY 012

*EDITION 012*

By [Based Weekly](https://paragraph.com/@based-media) · 2025-07-15

coinbase, base, onchainsummer, defi, buildathon, crypto, cryptoweek

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This week feels different. Like a hundred narratives colliding at terminal velocity. Coinbase is onboarding DeFi OGs and teasing the TBA app, Fantasy Top is bridging in, The agents are cooking, and Coop Records launched tradable tracks. Buildathons are live. Leaderboard’s are heating up. And Base’s “New Day One” is about to go full send with big speakers, rooftop parties, and maybe some surprises.

It’s not just another week on Base—it’s a convergence. Builders, traders, artists, agents… all syncing up in real time. Onchain Summer is about to be hot. Let’s dive in.

A NEW DAY ONE
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The day we’ve all been waiting for is almost here—Base’s “New Day One” kicks off July 16, 2025, with a livestream unveiling the next chapter of the ecosystem. Get ready for an amazing lineup of speakers, including Jesse Pollak (Creator of Base), Brian Armstrong (Coinbase CEO), and Gary Vee (Entrepreneur), plus industry heavyweights like Roman Coppola and Leo Matchett. After the keynote, join the rooftop afterparty with @Poolside, @CallMeLatasha, and @cooprecsmusic to celebrate Onchain Summer. The fomo is real. I'm sure we will all be receiving a ton of exciting news coming from this event. Mark your calenders and tune in. [https://www.anewdayone.xyz/#top](https://www.anewdayone.xyz/#top)

![](https://storage.googleapis.com/papyrus_images/c8271161c39a70c68238729221665791.png)

Onchain Summer Buildathon Kickoff
=================================

Base’s Onchain Summer Buildathon is live on Devfolio, running from July 9 to August 26, 2025, all online. Build what you love and win a spot to attend BaseCamp along with a share of $200,000 in prizes. Have an idea or already building something great? Sign up today: [https://onchain-summer-awards.devfolio.co/overview](https://onchain-summer-awards.devfolio.co/overview)

![](https://storage.googleapis.com/papyrus_images/5be89c84aabe01e8e0469bf8a9295723.png)

Base Summer League Builder Rewards
==================================

Build On Base just announced the Summer League—A new Builder Rewards cycle kicks off today with 20 ETH in prizes! Earn your share via:

*   Activity on verified contracts
    
*   Quality GitHub contributions
    
*   Top 50 Farcaster mini apps
    

@TalentProtocol manages the distribution, dishing out 2 ETH weekly to the most active builders for 10 weeks. They are also making Builder Rewards even better with new features:

*   ⚡ Reward Boosters
    
*   📊 New Eligibility Rules & Scoring
    
*   🏆 Hall of Fame
    
*   📱 Upgraded Mini App
    
    Dive in: [https://www.builderscore.xyz/](https://www.builderscore.xyz/)
    

![](https://storage.googleapis.com/papyrus_images/d4bfeee6bda6518e356bf6eaf97561b7.png)

Hydrex Basedrop Badges
======================

Hydrex’s Basedrop is live as of June 24, 2025, letting you collect badges based on your onchain activity and join the community. Earn hydropoints through protocol mining, with a small threshold for sybil protection. Points convert to tokens at campaign’s end, offering positive expected value (EV+). The @basednouns x @HydrexFi badge dropped today and Hydrex announced Base NFT badges are coming soon, so stack your points because all badges are limited and first come, first serve.

[https://www.hydrex.fi?ref=goya.base.eth](https://www.hydrex.fi?ref=goya.base.eth)

  

![](https://storage.googleapis.com/papyrus_images/df31289787ae4ad77e300bdc7056c6e0.png)

Fantasy Top’s Migration to Base
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Big news for Fantasy Top fans—@fantasy\_top\_ is migrating to Base, teaming up with the bustling Layer 2 to redefine social gaming. The bridge opens tomorrow, July 15, 2025, at 1 PM UTC, marking a shift from its current network to enhance user engagement and tap into Base’s active ecosystem. During the transition, the game enters maintenance mode, limiting access to the bridge interface only. This move promises a smoother experience with lower fees and faster transactions, aiming to solidify Fantasy Top’s spot as a top social game. Stay tuned for the launch and check [fantasy.top](https://fantasy.top) for updates!

![](https://storage.googleapis.com/papyrus_images/00630b7dc715e4a88d0f9a125e6fdedf.png)

Giza Agents’ $400M Milestone
============================

Giza’s agents have routed $400,000,000, jumping from $200M in 13 days as of July 14, 2025, per @gizatechxyz. Powered by the ARMA platform at arma.xyz, these AI agents optimize stablecoin yields 24/7, managing over $30M with 100,000+ transactions. They adapt and compound returns, with backtested claims of 83% outperformance. The rapid growth signals ecosystem acceleration, but the $400M figure’s transparency—whether total routed or profit—is unclear, sparking some skepticism. Get an agent at [arma.xyz](https://arma.xyz).

![](https://storage.googleapis.com/papyrus_images/224755db5ce4d4597dce61e397299130.png)

TBA
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The new Coinbase Wallet, dubbed TBA, has been in limited beta. TBA has been rebuilt from scratch. It shifts focus to social interaction and onchain apps, creating a hub where users can post, share, earn, and explore—all in one place. Features include a social feed with Farcaster integration, mini-apps for gaming and more, and a reels-like video tab, aiming to blend Web3 with user-friendly experiences. Early testers have been praising the seamless mini-app access and auth address support. From personal experience testing it seems like CoinbaseWallet is trying to clear out my phone space.

There is speculation that TBA might open to all, possibly aligning with the livestream and afterparty hype, but no official confirmation exists—Coinbase has only promised an “official app launch date soon.” The limited beta currently restricts access to a select group, with waitlist sign-ups ongoing. Will it be open for all on the 16th? That’s unclear, but the buzz suggests a potential reveal.

![](https://storage.googleapis.com/papyrus_images/08fb7a7c9a60d36bea9e96b80e6facbe.png)

Coinbase Welcomes Opyn Leadership for Onchain Push
==================================================

Coinbase made some waves on July 11, 2025, announcing it’s bringing the @opyn\_ leadership team onboard to shape the future of finance onchain. @Opyn, a pioneer in DeFi since 2019, built the first decentralized options protocol, introducing innovations like Power Perpetuals and Squeeth—high-leverage, tokenized derivatives that shook up the space. The team, led by CEO Andrew Leone and Head of Research Joe Clark, joins Coinbase to accelerate its push for faster, more transparent, and accessible markets, targeting both retail and institutional users.

This move aligns with Coinbase’s strategy to blend centralized and decentralized finance, leveraging Opyn’s expertise in onchain derivatives to enhance features like Verified Pools on Base. The full impact of this move remains to be seen as Coinbase integrates this team.

![](https://storage.googleapis.com/papyrus_images/1b9c5f9a4f431d46e92fe9e70b8abf4a.png)

Coinbase X Perplexity Real-Time Crypto Data
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Big news dropped on July 10, 2025—@coinbase and @perplexity\_ai teamed up to bring real-time crypto data to Perplexity Finance, aiming to empower traders with trusted insights. Coinbase CEO Brian Armstrong hailed it as a game-changer, with the first phase live, feeding market data like the COIN50 index into Perplexity’s Comet browser for instant price analysis. Phase two, set to roll out soon, will weave this data into conversational AI responses, letting users query market trends or token moves directly. This move taps Perplexity’s 10M+ user base and AI prowess to match crypto search interest with equities, hinting at mainstream adoption. The partnership promises faster decisions with transparent data, potentially paving the way for AI-driven trades or portfolio management, though that’s still speculative.

@perplexity also launched Comet. A web browser built for today’s internet. There is a waitlist for the dowload but here's some alpha...Android users can claim one year of Perplexity Pro for free. Head to the Samsung store (not the play store) to claim today.

![](https://storage.googleapis.com/papyrus_images/2047a20c4b67043d7b32a18922779e64.png)

Coop Recs Songcoins Launch on Base
==================================

Coop Records (@Cooopahtroopa) dropped a game-changer today, July 15, 2025, launching Songcoins on Base with 750+ tracks in its catalog. Kicking off with $RISE by @sanholobeats and $CTRL by @blond\_ish, new music drops every Friday. These 1B-supply tokens split as 5% to artists, 5% to Coop Records, and 90% to liquidity, deployed via @dopplerprotocol at a ~$4,000 market cap. Trading starts directly on Uniswap with no pre-sale or migration, and all reserved tokens vest linearly over 90 days. A 1% swap fee funds artists and labels, aiming to reward early fans.

The move taps into the hype of being “early” to music, offering a trading experience tied to verified artists making real-world waves. Posts found on X highlight fans earning by driving attention, but the low initial cap and vesting schedule raise questions about early volatility and artist payout timelines. Will this reshape music ownership or just hype a niche market?

![](https://storage.googleapis.com/papyrus_images/b0ec480649df040bb8be92d68ec4ed57.png)

Rova’s Bullpost Waitlist Launch
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Rova (@rovadotxyz) kicked off its Bullpost waitlist on July 10, 2025, at rova.xyz, a 6-week event designed to reward users for bullish tweets about startups and founders. With a $15K+ prize pool, it’s a gamified push to spotlight underrated projects, letting you boost your Bullpost score by upvoting, sharing, and submitting original X posts tagged with \[bullpost @rovadotxyz\]. The platform, a launchpad turning users into growth partners, aims to harness community conviction to drive startup visibility.

Prizes include a $10K final split among top users and weekly $1K awards, funded by Rova in USDC or gift cards within two weeks post-campaign. However, OFAC-sanctioned region residents are ineligible, and scores are subject to fraud checks. Posts found on X show excitement for the early-adopter vibe

![](https://storage.googleapis.com/papyrus_images/c994c5fb9ec6d8a59a310a8d26d27ab8.png)

Sidekick’s Onchain Gifting Boost with Base
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Sidekick (@Sidekick\_Labs) dropped exciting news on July 8, 2025, integrating with Base to bring seamless onchain gifting to its livestreaming platform. Sidekick, a LiveFi pioneer, blends streaming with crypto trading, letting viewers support creators in real time with tokens like SOL, USDC, or Base-native assets. This integration, powered by Base’s low-cost infrastructure, enables instant gifting during market calls or casual streams, enhancing interactivity for creators and fans. The platform, born from a Web2 pivot during Eastern European payment disruptions, now hosts thousands of streamers and aims to redefine the creator economy with real-time engagement.

The gifting feature, rolled out alongside tools like Token Red Packet giveaways, uses Base’s gas efficiency to cut costs and speed up transactions, a win for both micro-donations and larger tips.

![](https://storage.googleapis.com/papyrus_images/8734155e76d1d0a08e98e6c95f92029f.png)

Coinbase Developer Platform’s White-Label App Reveal
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Coinbase Developer Platform (@CoinbaseDev) unveiled a white-label app solution on July 11, 2025, promising developers a superior UX that customers will love, all without the hassle of seed phrases. This tool lets third-party apps integrate Coinbase’s secure, API-driven wallets—custodied in hardware enclaves—into their platforms, offering seamless onboarding and transactions. The CDP, built on Coinbase’s trusted infrastructure, aims to simplify onchain app development with features like the Wallets Alpha (live since April 2025), enabling fast wallet creation and fund transfers without key management. It’s pitched as a magic under-the-hood experience, targeting bots, agents, and dApps. The no-seed-phrase approach, using multi-party computation (MPC) cryptography, enhances security and usability, a step beyond traditional wallets.

You can join the waitlist here: [https://docs.google.com/forms/d/e/1FAIpQLSca9Yfjl9fxM6HNuqrmQLOxKGok2aUEMx3lb0rJUx4P8X\_aBQ/viewform](https://docs.google.com/forms/d/e/1FAIpQLSca9Yfjl9fxM6HNuqrmQLOxKGok2aUEMx3lb0rJUx4P8X_aBQ/viewform)

![](https://storage.googleapis.com/papyrus_images/1ffa84619be78efdb58b0bae130f49c6.png)

Crypto Week: Landmark Bills Under Review
========================================

Crypto Week kicks off in Washington D.C. this week, July 14–18, 2025, as the U.S. House of Representatives debates three pivotal bills that could reshape the digital asset landscape. The CLARITY Act aims to end regulatory ambiguity by classifying crypto assets as securities, commodities, or permitted stablecoins, assigning oversight to the SEC or CFTC. This could clarify legal statuses—like Bitcoin as a commodity—potentially reducing lawsuits and fostering innovation, but critics warn it might favor large players over smaller projects.

The GENIUS Act, already Senate-passed with bipartisan support, establishes a federal framework for stablecoins, requiring 1:1 cash or Treasury backing, monthly audits, and anti-money laundering compliance. It could legitimize stablecoins like USDC for payments and DeFi, boosting adoption, yet some fear it might stifle decentralized protocols by favoring centralized issuers. The Anti-CBDC Surveillance State Act seeks to ban a retail central bank digital currency, protecting financial privacy from potential government tracking, though it faces Senate hurdles due to filibuster risks.

With votes starting July 15 and hearings through July 18, this week could set a precedent for global crypto leadership—or stall amid opposition from Democrats, who’ve launched an “Anti-Crypto Corruption Week” to block these measures over fraud concerns. The outcome hinges on political dynamics, not just intent, making it a critical watchpoint for the industry.

![](https://storage.googleapis.com/papyrus_images/82f3d1df8ae3cd528ee64d6c1eae4e1f.png)

BNKR Leaderboard Week One Recap
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The first week of the $BNKR leaderboard competitions has wrapped, with rewards distributed as of July 15, 2025, marking a strong start. Since launching on July 2, 2025, $BNKR has ridden a wave of upward momentum, hitting a new all-time high and dominating crypto Twitter mindshare charts, fueled by the 450,000,000 $BNKR prize pool and community hype. Current stats on Base show:

*   Price: $0.000448095359161728
    
*   Market Cap: $44,678,587.34
    
*   24h Volume: $149,336.939268902
    
*   24h Price Change: 2.67%
    
*   Holders: 187,722
    

Since the competiton began $BNKR mindshare has started to dominate the boards and the price action has been nothing but up with $BNKR seeing new all time highs. Want to participate in the actions and stack some coins? Participation requires a $BNKR Club membership NFT ($20/month in $BNKR), with your rank influenced by $BNKR holdings, mindshare score from cookie.fun, and booster token ownership.

Check the boards and join the club today: [https://bankr.bot/terminal?refCode=AHGMRQ2S-BNKR](https://bankr.bot/terminal?refCode=AHGMRQ2S-BNKR)

![](https://storage.googleapis.com/papyrus_images/5fed2189dd5b75a524289b640025d7d7.png)

Post Of The Week
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Coinbase (@coinbase) dropped a banger 10 hours ago, around 5:47 PM CEST on July 14, 2025, linking chocolate and crypto with a clever twist. Claiming 1 in 5 Americans eats chocolate daily—the same share owning crypto—it highlights the contrast: chocolate has clear labels, while crypto lacks clear rules. The post pushes for regulatory clarity, urging it be as simple as enjoying a candy bar. I'm not sure if the chocolate vending machine was real or not...but the message surely is and it resonates amid Crypto Week’s legislative push.

Do your part to make a change and ask your Member of Congress to vote YES \[[https://www.standwithcrypto.org/](https://www.standwithcrypto.org/)\] to support this shift.

![](https://storage.googleapis.com/papyrus_images/1be173605f36e43c8c770ae35d83d0d3.png)

Based Weekly Sign-Off
=====================

That wraps up this edition of Based Weekly, packed with Base’s “New Day One” buzz, the Onchain Summer Buildathon, Giza’s $400M milestone, and more.

Another fresh highlight is @paragraph’s new Coins initiative, launching next week—readers can support favorite posts, earn rewards, and boost great writing’s visibility, while writers gain tradable ERC20 tokens backed by their ideas, no paywalls or subscriptions needed. Show your support for Based Weekly by subscribing and get ready to be coined. [https://paragraph.com/@based-media](https://paragraph.com/@based-media)

Stay Based!

\-Goyabean

  

P.S. This just in...Probably nothing.

[![User Avatar](https://storage.googleapis.com/papyrus_images/6ba710db56cc4e1be8d6b1c9de43031c.png)](https://twitter.com/coinbase)

[Coinbase 🛡️](https://twitter.com/coinbase)

[@coinbase](https://twitter.com/coinbase)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/coinbase/status/1944929734422646807)

The three comma club just got a new member.  
  
Bitcoin-backed loans crossed $1B in collateral on Coinbase, powered by [@MorphoLabs](https://twitter.com/MorphoLabs) on [@base](https://twitter.com/base).

![](https://storage.googleapis.com/papyrus_images/257437c966c6122f17077709e7b0e841.png)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 434](https://twitter.com/coinbase/status/1944929734422646807)[

9:19 PM • Jul 14, 2025

](https://twitter.com/coinbase/status/1944929734422646807)

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*Originally published on [Based Weekly](https://paragraph.com/@based-media/based-weekly-012)*
