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Weekly Recap: Base Teases Native Token

Happy weekend Defiers!

Crypto markets rallied after the Fed cut rates on Wednesday, only to give back most of those gains by Friday. BTC is hovering around $116,000, while ETH and SOL change hands at $4,500 and $240, respectively.

Traders in search of the ‘next Hyperliquid’ are piling into ASTER, the native token of a decentralized exchange being promoted by Binance founder CZ. Meanwhile, BNB surpassed $1,000 for the first time.

Consensys founder Joe Lubin revealed that MetaMask could drop a native token ‘sooner than expected.’

Finally, stablecoin-focused L1 Plasma is set to launch its mainnet and token on September 25.

Enjoy!

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Top stories this week

Coinbase’s Layer 2 Base Teases Native Token

Jesse Pollak, founder of the Ethereum Layer 2 network Base, revealed the news at Basecamp 2025, a conference for creators, builders, and Base community members held in Stowe, Vermont.

During his “State of Base” talk, Pollak spoke on the importance of user alignment and decentralization and said, “We’re going to be exploring a network token for Base.”

BNB Approaches $1,000 as Binance Looks to Escape DoJ Monitor

BNB has hit another all-time high on the back of increased network activity and reports that Binance may be close to a deal to dodge the Department of Justice’s compliance monitor.

Aster Token Soars as Perpetual DEX Mania Rages On

Traders are piling into Aster, a decentralized exchange (DEX) incubated by YZi Labs.

After being promoted by Binance founder CZ on social media, the ASTER token has surged more than 4000% in three days.

Web3 Wallet Wars Rage On as Rabby and Metamask Tease Tokens

The two most prominent Ethereum wallets, Rabby and Metamask, are teasing their own native token drops.

Stablecoin L1 Plasma Unveils Launch Date for Mainnet Beta, TGE

Plasma, the stablecoin-focused Layer 1 blockchain backed by Tether sister-company Bitfinex and billionaire Peter Thiel’s Founders Fund, will launch its mainnet beta and native token, XPL, on Thursday, Sept. 25.

Ahead of the launch, Maple’s $200 million pre-deposit vault filled in under a minute.

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