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Base Dawgz Unleashes Staking Rewards as Cross-Chain Meme Coin Raises $2.3M in Presale

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A new dog-themed meme coin is muscling into the crypto scene.

Base Dawgz (DAWGZ) just rolled out its staking rewards, giving early investors a path to generate passive income.

And with the presale raising over $2.3 million already, things are getting exciting for DAWGZ holders.

Base Dawgz Launches Staking Rewards for Early DAWGZ Investors

Base Dawgz’s team is looking to make their mark on the meme coin space.

As of today, DAWGZ holders can stake their tokens and watch the rewards roll in.

It’s like getting paid to HODL.

Here’s the setup: The team has earmarked 20% of the total supply (1.69 billion DAWGZ) just for staking rewards.

And these rewards are dished out every hour for an entire year.

But there’s more.

Base Dawgz’s presale phase has also caught fire, blasting through funding milestones every few days.

The presale has already raised over $2.3 million since it kicked off.

Right now, interested investors can buy DAWGZ tokens for just $0.00581 each.

This price will rise in future presale stages, so those who invest as soon as possible will receive the highest discount.

Combining a presale discount and staking incentives makes DAWGZ one of the more attractive dog coins currently on the market.

With the presale continuing to ramp up, many believe now is the perfect time to get in before the project’s official launch.

Share-to-Earn System & Details Roadmap Fuel DAWGZ Hype

There’s more to Base Dawgz than just staking.

The team is also rolling out a Share-to-Earn system that’s got investors buzzing.

It’s simple: Produce some hilarious memes, share them on Twitter, and rack up points.

Once the presale ends, participants can redeem those points for more DAWGZ tokens.

Ultimately, it’s a win-win for the developers and community members.

Adding to Base Dawgz’s appeal is its tokenomics setup, which allocates large amounts of DAWGZ for marketing, liquidity, and the presale.

There’s even a 10% chunk earmarked for mysterious “DAWGZ rewards.”

And for those wondering about the road ahead, Base Dawgz’s whitepaper outlines an ambitious plan.

This plan includes audits, community growth, exchange listings, and “future development.”

It’s like the team has its hands full with exciting plans to keep the hype rolling.

With such a clear roadmap, Base Dawgz is shaping up to be a real breakout contender in the latter half of 2024.

Investors Buzz About Base Dawgz’s Multi-Chain Flexibility

Now, let’s talk about Base Dawgz’s flagship feature – its multi-chain foundation.

This isn’t just another meme coin hosted on a single blockchain.

Instead, Base Dawgz is ultra-flexible and can operate on Ethereum, Solana, Base, Avalanche, Binance Smart Chain, and more.

Base Dawgz’s team has pulled this off using two advanced protocols – Wormhole and Portal Bridge.

This multi-chain approach isn’t just for show.

It opens up a world of possibilities for DAWGZ holders: more exchanges, more liquidity, and more DeFi opportunities.

It’s like having a pass to every party in crypto.

However, despite the excitement around Base Dawgz, the meme coin market as a whole has been pretty bearish recently.

Top coins like PEPE and WIF have sunk this week as traders take profits.

The good news is that Base Dawgz is still smashing through presale milestones despite this bearishness.

That’s a promising sign suggesting traders still have plenty of confidence in this newcomer.

YouTube star ClayBro, who has over 130,000 subscribers, even suggested DAWGZ “will make millionaires.”

Taking everything into consideration, things are looking positive for this coin.

With staking rewards now live and an ambitious multi-chain roadmap underway, Base Dawgz could make some serious moves.

Visit Base Dawgz Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Ethereum Foundation Announces Layoffs and Restructuring to Boost Scalability and User Experience

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The Ethereum Foundation announced that it has fired some members of its research and development team.

This move is part of a larger restructuring plan designed to address key protocol design challenges.

Reorganization Efforts

According to a Monday blog post, the Foundation has rebranded its Protocol Research and Development division under a new, simplified name, “Protocol.”  The organization is also reorganizing its teams and introducing clear coordination structures focused on three main areas: scaling Ethereum’s base layer, expanding blob space, and improving user experience.

“This also means some members of PR&D won’t be continuing with the Ethereum Foundation. We hope these individuals continue on in the Ethereum ecosystem and encourage others building out their teams to seek them out,” the statement said.

The foundation did not name the people affected by the layoffs. However, it said these changes are needed to place it on a more “responsive and effective path.”

The restructured Protocol team will serve as a central hub for Ethereum’s core development efforts. The goal is to improve transparency around upgrade timelines, strengthen technical documentation, and support ongoing research.

The non-profit said leadership will play an important role in carrying out its plan, with roles being clearly defined to increase accountability and accelerate progress.

Tim Beiko and Ansgar Dietrichs will head efforts to scale Layer 1. Alex Stokes and Francesco D’Amato will be in charge of Layer 2 scaling, while Barnabé Monnot and Josh Rudolf will lead user experience improvements.

Dankrad Feist has also been appointed as strategic advisor across all three focus areas and will support the project leads in executing their responsibilities.

“We’re hopeful that this new structure will empower our internal teams to focus more clearly and drive key initiatives forward,” said Hsiao-Wei Weng, co-executive director at the Ethereum Foundation, in a post on X.

The announcement also emphasized the Ethereum community’s role. The foundation says it does not aim to replace external contributors but instead wants to uphold high working standards. In line with this, new governance forums are being introduced, and feedback channels are being enhanced to ensure more effective input.

Community Criticism

The reorganization comes in response to ongoing criticism over the foundation’s management and strategic direction. Some members of the Ethereum community have warned for over a year that unresolved technical issues such as scalability, transaction speeds, and developer engagement could pose risks to the network’s leadership in the space.

The non-profit has already made leadership changes to help address these concerns. In March, Hsiao-Wei Weng and Tomasz K. Stańczak were named co-executive directors. These appointments aimed to bring balance between operational and technical leadership.

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Here’s Why Market Flushouts and Whale Moves Could Set the Stage for Bitcoin’s Next Rally

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Bitcoin held firm above the $105,000 mark following a weekend dip, as rattled market participants assess whether the pullback signals a temporary breather.

Ongoing shifts in sentiment and trader positioning hint at a broader market recalibration quietly unfolding.

No Panic, No Euphoria

Bitcoin’s derivatives and spot markets are undergoing a structural recalibration. On Binance, long positions continue to be liquidated in significant waves, at times surpassing $40 million per hour, as seen in the Liquidation Delta metric cited by CryptoQuant.

These liquidations highlight heavy pressure on long positions, but notably, there is no corresponding surge in short liquidations. This indicates that while many leveraged long traders are being flushed out, there is little evidence of a counter-move or short squeeze.

Meanwhile, Binance funding rates remain largely neutral as it hovers around zero, which suggests a lack of extreme directional bias in the perpetual futures market. Traders are neither aggressively betting on upside nor downside, indicating caution rather than fear or greed.

“In simpler terms: the derivatives market is not signaling panic, nor euphoria, just cautious recalibration.”

Bitcoin Whales Quietly Accumulate

Whale behavior paints a more optimistic picture. Data from the Whale Screener shows that over $500 million in combined Bitcoin and Ethereum was withdrawn from spot exchanges on June 2nd. Most notably, crypto exchange Bitfinex recorded a single-day outflow of 20,000 BTC, worth over $1.3 billion at current prices. This represented the largest Bitcoin withdrawal from the exchange since August 2019.

Such a significant movement off exchanges often points to long-term holding intentions by large entities, which could ease immediate selling pressure in the market.

Together, these signals – neutral funding, liquidation of overleveraged longs, and strategic accumulation by large holders – depicts a market that is clearing excess leverage and preparing for a potential next leg upward.

Although short-term volatility remains, the broader trend suggests Bitcoin may be in the early stages of a new bullish phase driven by healthier market structure and long-term investor confidence.

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Coinbase Data Breach: 69,000 Users Affected by Indian Outsourcing Leak

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Coinbase is under heightened scrutiny following revelations that it may have known as early as January 2025 about a massive breach involving outsourced customer support agents, months before the crypto exchange publicly acknowledged the security lapse.

Sources familiar with the situation disclosed that the breach stemmed from an India-based employee at TaskUs, a US outsourcing firm long contracted by Coinbase.

The individual was reportedly caught covertly photographing her workstation and, along with an alleged accomplice, funneling sensitive customer information to cybercriminals in exchange for bribes. The incident triggered the termination of over 200 TaskUs employees in Indore, in what now appears to be a coordinated criminal infiltration of Coinbase’s support infrastructure.

Delayed Breach Disclosure

Although Coinbase later tied its $400 million loss to “support agents overseas,” the company waited until a May SEC filing, triggered by a ransom demand, to fully acknowledge the scope of the incident.

The breach was not limited to a single rogue actor. According to internal accounts, it was part of a broader campaign that also targeted other BPO firms servicing Coinbase.

The compromised data, which impacted more than 69,000 customers, was reportedly not sufficient to access Coinbase’s internal wallets but did let scammers convincingly impersonate Coinbase agents and socially engineer customers out of their crypto holdings.

While Coinbase says it has reimbursed affected users, questions linger over the company’s timeline and transparency.

TaskUs Accused of Negligence

A class-action lawsuit now accuses TaskUs of negligence, suggesting the BPO provider failed to enforce appropriate data safeguards. TaskUs, however, denied the charge.

Despite their assurances of strong training and security protocols, the incident raises deeper concerns about the vulnerabilities embedded in outsourcing sensitive customer interactions to low-wage, offshore workers. These workers, while cost-efficient, are often underpaid and undertrained. These conditions may have made them vulnerable to external coercion.

Coinbase insists it acted decisively upon discovering the fraud, and cut ties with implicated agents as well as revamping its security measures. Despite this, the timeline points to potential lapses in internal threat detection and risk governance, particularly given that Coinbase’s own filings revealed unauthorized access occurring in “previous months.”

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