We’re halfway through June and Base is boiling with momentum - from JPMorgan’s tokenized dollars to Congress passing the GENIUS Act. Coinbase just dropped tools to help merchants like Shopify go onchain, and NFT NYC is around the corner. The lines between Wall Street and Web3? They're not just blurring. They're merging.

Let’s drop in 📥

JPMorgan made headlines this week by launching its permissioned dollar token (JPMD) on Base. It’s their first public chain integration via Kinexys. JPMD is designed for institutional use: think 24/7 settlements and interest-bearing capabilities onchain.

Read the Full Story on CoinTelegraph

Meanwhile, Coinbase dropped its merchant payments stack built on Base. It’s designed for platforms like Shopify. No wallets or blockchain knowledge needed. Just USDC, just Base, just easy.

🛒 More on the launch

The U.S. Senate passed the GENIUS Act, a federal framework for stablecoins. The bill requires 1:1 reserves, audits, and financial disclosures, but drew fire from some senators for lacking AML rigor.

This is real regulation. Real rules. Real money.
Circle’s stock surged 27% post-passage.
The crypto lobbying machine? It’s now a $170M force in D.C.

🧠 Coindesk: Senate Passes Stablecoin Bill
Decrypt: Circle stock spikes

OP Labs' Sam McIngvale shared at Token2049 that he expects every major fintech to run its own chain within 5 years; and they’ll likely look a lot like Base.

🔗 CoinDesk's coverage

Traditional finance isn’t just flirting with crypto anymore—it’s moving in.
Base is becoming the default playground for both builders and institutions.
And the GENIUS Act? It’s a signal that regulation isn’t just coming—it’s forming around what already works.

The builders who align with those tectonic shifts will be the ones who stay.

Next week, Times Square lights up with digital art and degen energy. Registration starts Monday, June 24, with billboards, AI showcases, and rooftop galleries across NYC.

And guess who will be there supporting projects? Onchain Media! 🎥

We are also sponsoring sheeets.xyz, brining you a stacked list of all the events happening during NFT NYC See the announcement post here!

NFT NYC 2024

• BTC holds near $109K with sideways sentiment.

• ETH nudged up 2.7% this week, hovering around $2.6K.

• Stables are in the spotlight post-GENIUS.

• Memes (DOGE, PEPE, SHIB) still doing numbers.

• Alt L1s haven’t caught a bid—yet.

🦎 Track prices live: CoinGecko

This week’s pod dives into the sci-fi frontier of crypto: DAOs, robotics, and AI with Mauricio from XMAQUINA. Autonomous machines, decentralized coordination, real-world tooling. Also-don't miss out on their Genesis Auction coming up on 6/24!

Watch or listen to the full episode anywhere below 👇

🎥 YouTube
🍎 Apple Podcasts
Spotify
⛓ Pods.Media

🗓 Monday — Road to Onchain Summit 🚀
We continued the countdown to Onchain Summit with a live show, with guests like Film3 Festival, Flannel Donut, and more! With two-time Webby-nominated editor, writer and director Kristen Kingsbury who worked on movies such as "Coraline".

We unveiled the very first film project that Onchain Media will be working on in collaboration with Zietza Labs, Onchain Humans & Impact! (Which will be premiered at Onchain Summit's Film3 Festival).

• Catch the recording here 🎙

🗓 Tuesday — Let’s Ride with BMX
This week's livestream on the @BMXDeFi account dropped onchain alpha with Veil Cash, ran a live demo, and had the community up for a party!

• View the stream here 👀

🗓 Thursday (Today) — Based Network Weekly 🔥
Live today: B3 joins us to break down the onchain gaming space and what it takes to build on B3.

• RSVP here 📨

🗓 Friday — Based Weekly Roundup 🎤
End the week with the crew: @RachelOnchain, @QuigleyNFT & @SecretBasealpha as we go live with takes, recaps, and drop-ins from projects like Pizza DAO, Azos, Ohara AI and more!

• Set a reminder here ✅

This week felt like a quiet explosion. Institutions tapped Base. Congress started crafting crypto’s legal frame. Memecoins stayed hot. And the creative community is prepped to light up NYC. The world isn’t going onchain—it’s already here.

Let’s keep building, together.

—Rachel Onchain

CEO & Founder of Onchain Media