Base Blockchain Shifts Focus | Business and Finance News

Jesse Pollak is stepping back from Base’s consumer app, handing it over to Cobie — a savvy trader and former Coinbase acquisition — to focus on turning Base into the global finance blockchain. Cobie now leads trading across Coinbase platforms, facing off against Kraken, Pump Fun, Robinhood, and Kalshi in a crowded but high-stakes space. Meanwhile, crypto’s had a slight pullback this week, with Bitcoin near $64K and Ethereum around $1,800, though Bitcoin ETFs still poured in $100M. DeFi remains vulnerable: Ostium suffered an $18M hack, and some platforms shut down amid spam and manipulation concerns. Regulatory moves are accelerating too — South Korea updated a 76-year-old law to officially classify crypto as a national asset, while Japan reclassified it as a financial asset with a 20% capital gains tax. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b9e30449dfe1b5b7