# The Onchain Drop *A weekly newsletter to keep you up to speed with what's happening onchain 🔥* By [Onchain Media](https://paragraph.com/@onchainmedia) · 2025-06-19 blockchain, onchain, crypto, newsletter, web3, base, memecoins, stablecoins, btc, eth, jpmorgan, shopify, coinbase --- ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f539.png) Base's Momentum, NFT NYC, Shopify, JPMorgan, GENIUS Act --------------------------------------------------------------------------------------------------------------------------------------- We’re halfway through June and [**Base**](https://www.base.org/) 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 ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4e5.png) * * * ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f539.png) What Went Down ---------------------------------------------------------------------------------------------- ### **Base just went full blue chip** ![](https://storage.googleapis.com/papyrus_images/33b4cd3342984758b123084cb323a5ce.webp) **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. [![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4d6.png) **Read the Full Story on CoinTelegraph**](https://cointelegraph.com/news/jpmorgan-deposit-token-jpmd-pilot-base-coinbase) ![](https://storage.googleapis.com/papyrus_images/2f2f10a39f29d83bc3837e763009d757.jpg) **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_.** [**![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f6d2.png) More on the launch**](https://www.coinbase.com/blog/coinbase-and-shopify-bring-usdc-payments-on-base-to-millions-of-merchants-worldwide) ### **Regulatory tides are turning** The U.S. Senate passed the [**GENIUS Act**](https://www.standwithcrypto.org/bills/S1582-119-US), 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. ![](https://storage.googleapis.com/papyrus_images/c6479efb84c5b86f9a0a22011aadec85.jpg) 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](https://www.coindesk.com/policy/2025/05/19/senate-advances-stablecoin-bill-clearing-the-way-for-final-passage) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4c8.png) [Decrypt: Circle stock spikes](https://decrypt.co/325358/circle-stock-all-time-high-ethereum-treasury-sbet-rebounds) ### **The fintechs are watching Base** ![](https://storage.googleapis.com/papyrus_images/e8ceaecd5e89406132dda167a446ed84.avif) **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. ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f517.png) [CoinDesk's coverage](https://www.coindesk.com/business/2025/06/18/every-fintech-firm-will-run-its-own-blockchain-in-next-five-years-optimism) * * * ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f539.png) Lessons of the Week --------------------------------------------------------------------------------------------------- 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. * * * ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f539.png) Cool Things We Saw & Loved ---------------------------------------------------------------------------------------------------------- ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f3a8.png) **NFT NYC is almost here** 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**! ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f3a5.png) We are also sponsoring [sheeets.xyz](https://docs.google.com/spreadsheets/d/1xWmIHyEyOmPHfkYuZkucPRlLGWbb9CF6Oqvfl8FUV6k/edit?gid=2000776073#gid=2000776073), brining you a stacked list of all the events happening during NFT NYC ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/2705.png) See the announcement post [here](https://x.com/sheeetsxyz/status/1934632920976601449)! ![](https://storage.googleapis.com/papyrus_images/4ecb351985730bc835c66f73b334d9a7.jpg) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f39f-fe0f.png) [NFT NYC 2024](https://www.nft.nyc/) ### ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4c8.png) **Markets Holding Steady** * **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. ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f98e.png) Track prices live: [CoinGecko](https://www.coingecko.com/) * * * ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f539.png) New Episode Drop: Onchain Media Podcast ----------------------------------------------------------------------------------------------------------------------- [![](https://paragraph.com/editor/youtube/play.png)](https://www.youtube.com/watch?v=Nm8VP6OQlhM) This week’s pod dives into the sci-fi frontier of crypto: **DAOs, robotics, and AI** with [Mauricio](https://x.com/ZolKilla) from [**XMAQUINA**](https://x.com/xmaquinaDAO). Autonomous machines, decentralized coordination, real-world tooling. Also-don't miss out on their [Genesis Auction](https://x.com/xmaquinaDAO/status/1930202937655210169) coming up on **6/24**! Watch or listen to the full episode anywhere below ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f447.png) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f3a5.png) [YouTube](https://youtu.be/Nm8VP6OQlhM?si=6hjrQ_2mAFfLfL8z)[ ](https://youtu.be/Nm8VP6OQlhM?si=6hjrQ_2mAFfLfL8z🍎)![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f34e.png) [Apple Podcasts](https://podcasts.apple.com/us/podcast/onchain-media-episode-011-with-xmaquina-daos-robotics/id1767527342?i=1000713225259)[ ](https://podcasts.apple.com/us/podcast/onchain-media-episode-011-with-xmaquina-daos-robotics/id1767527342?i=1000713225259🟢)🟢 [Spotify](https://open.spotify.com/episode/6F7YCcAenyX1R4kkkFpynp?si=LLn1m52uQwafYRBUpu7Ceg)[ ](https://open.spotify.com/episode/6F7YCcAenyX1R4kkkFpynp?si=LLn1m52uQwafYRBUpu7Ceg🟣)![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/26d3-fe0f.png) [Pods.Media](https://pods.media/onchain-media/onchain-media-episode-011-with-xmaquina-daos-robotics-ai-hosted-by-rachel-onchain) * * * ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f399-fe0f.png) This Week's Shows ------------------------------------------------------------------------------------------------------ ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f5d3-fe0f.png)**Monday** — _Road to Onchain Summit_ ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f680.png) We continued the countdown to Onchain Summit with a live show, with guests like [Film3 Festival](https://film3fest.xyz/), [Flannel Donut](https://flanneldonut.com/), 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](https://x.com/zeitzalabs), **_Onchain Humans & Impact_**_! (Which will be premiered at Onchain Summit's Film3 Festival)._ * _Catch the recording_ [_here_](https://x.com/i/spaces/1OyJALynzraGb) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f399-fe0f.png) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f5d3-fe0f.png)**Tuesday** — _Let’s Ride with BMX_ ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f6b4.png) This week's livestream on the [@BMXDeFi](https://x.com/BMXDeFi) account dropped onchain alpha with Veil Cash, ran a live demo, and had the community up for a party! * View the stream [here](https://x.com/BMXDeFi/status/1935058154116759629) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f440.png) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f5d3-fe0f.png)**Thursday (Today)** — _Based Network Weekly_ ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4bb.png)![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f525.png) Live today: [B3](https://www.b3.fun/) joins us to break down the onchain gaming space and what it takes to build on B3. * RSVP [here](https://lu.ma/mftyhyen) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4e8.png) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f5d3-fe0f.png)**Friday** — _Based Weekly Roundup_ ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f3a4.png) End the week with the crew: [@RachelOnchain](https://x.com/RachelOnchain), [@QuigleyNFT](https://x.com/QuigleyNFT) & [@SecretBasealpha](https://x.com/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](https://x.com/i/spaces/1yNxaLvXeNRJj) ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/2705.png) * * * ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/270d-fe0f.png) Founder’s Note -------------------------------------------------------------------------------------------------- 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 ![](https://storage.googleapis.com/papyrus_images/752f9d1d95b0af523034edab5114d77b.png) [Subscribe](https://paragraph.com/@onchainmedia/memberships) [Schedule a Call](https://calendly.com/rachel-onchainmedia/30-minute-meeting) --- *Originally published on [Onchain Media](https://paragraph.com/@onchainmedia/the-onchain-drop)*