Three stories dominated crypto today. Base, Coinbase's layer-2 network, is handing its app over to pseudonymous personality Cobie. Stripe is making a $53 billion move that could crown a stablecoin king. And Ostium, a DeFi protocol, was drained of $18 million in the latest DeFi exploit.
Base's App Handover
Base, the Ethereum layer-2 network built by Coinbase, is giving its app to Cobie. Cobie is a well-known pseudonymous figure in crypto, but the exact terms of the handover aren't public. The move signals a shift in how Base manages its community-facing tools. It's not every day a major L2 hands over its app to an individual. The community is watching to see what Cobie does with it.
Stripe's $53 Billion Stablecoin Bet
Stripe is making a $53 billion move that could crown a stablecoin king. The payments giant is betting big on stablecoins, though it hasn't said which one will come out on top. The size of the bet is staggering — $53 billion would make it one of the largest corporate crypto plays ever. If it works, Stripe could reshape how stablecoins are used in payments. If it doesn't, that's a lot of money to lose.
Ostium Drained of $18 Million
Ostium, a DeFi protocol, was drained of $18 million in the latest DeFi exploit. The attack hit the protocol's smart contracts, and funds were moved off-chain. The team hasn't announced a recovery plan yet. This isn't the first DeFi hack this month, and it won't be the last. The $18 million loss adds to a growing tally of stolen funds in 2026.
No timeline has been announced for the Base app handover, and Stripe has not disclosed which stablecoin it will back. Ostium's next steps remain unclear.
