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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

BASE EXPLORES ISSUING NATIVE TOKEN

Base creator Jesse Pollak announced at the BaseCamp event that the Coinbase-backed L2 is exploring issuing a native token, marking a reversal from the company's 2023 stance that it had no plans for tokenization. Pollak emphasized that plans remain in early stages with no timeline provided, and stressed that as a U.S. company, Base will work closely with regulators on compliance for any token issuance and distribution. The potential token announcement comes as Base has emerged as the second-largest layer-2 by total value locked at $5 billion, with impressive usage metrics including 328 million transactions over the past 30 days compared to Arbitrum's 77 million. The exploration of tokenization could trigger increased activity on Base as users attempt to position themselves for a potential airdrop, similar to patterns seen with other major L2s.

NEW ULTRASOUND HELMET REACHES DEEP INSIDE THE BRAIN WITHOUT SURGERY

Researchers have created an ultrasound helmet that could offer an alternative to invasive procedures. It can modulate deep-brain circuits without surgery with unrivaled precision. The helmet offers a safe, reversible, and repeatable method for both understanding brain function and developing targeted therapies. It has potential clinical applications for neurological disorders like Parkinson's disease, where deep-brain regions are especially affected.

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