Original Title: "Based Weekly Issue 008"
Original Author: goyabean
Original Translation: Wenlanbo, ChoeyGit, CBB Chinese Based Builders
Welcome to the 8th issue of "Based Weekly," your go-to source for the latest news in the Base ecosystem, insights into on-chain innovative projects, and exploration of development trends. This week, we witnessed some major news in the crypto space at a recent crypto summit, with Base at the center of attention. From Shopify's game-changing partnership with $USDC to other groundbreaking developments, the future of decentralized finance is gradually taking shape through these changes. Let's dive deeper.
Shopify x Base: $USDC Payments Go Global
The crypto summit served as a stage for transformative announcements, the most notable being Shopify's announcement on June 13, 2025, of its partnership with Base to accept $USDC payments. This collaboration, supported by technology from Coinbase and Stripe, marks a pivotal moment for global commerce. Shopify has over 5.54 million active e-commerce stores and 4.6 million daily active users worldwide, and this partnership enables merchants to seamlessly accept stablecoin payments. Customers can use hundreds of crypto wallets to pay with $USDC through Base, completing transactions via guest checkout and Shop Pay without any additional services.
Merchants will receive local currency by default, exempting them from foreign exchange transactions or conversion fees, and they can also choose to directly claim $USDC. The monthly payment volume of stablecoins like $USDC, amounting to trillions of dollars, reflects their trustworthiness on a global scale. Shopify's vision for frictionless, borderless payments aligns with Base's mission to expand the Ethereum ecosystem, making on-chain transactions as simple as traditional ones. Shopify's user base spans 175 countries and generated $6.02 billion in revenue in the first three quarters of 2024, and this partnership could bring millions of users into the crypto space. Visit shopify.com and base.org to explore this payment system revolution.
Coinbase and American Express Team Up to Launch Crypto Credit Card
On June 12, 2025, Coinbase and American Express announced that they will launch a new credit card in the fall, aimed at merging traditional finance with digital assets, marking a milestone in the crypto space. This collaboration is part of the Coinbase One membership program, which will allow traditional finance users to earn rewards in the cryptocurrency market, representing a significant step towards mainstream adoption of cryptocurrencies. The partnership announcement shared by @coinbase and @AmericanExpress on X attracted considerable attention, reflecting strong community interest.
The card will offer up to 4% cashback in Bitcoin, with rewards redeemable directly into your Coinbase wallet. This aligns with Coinbase's recent educational campaign emphasizing "making access to cryptocurrency easier." American Express has over 130 million cardholders globally, and the combination of its robust payment infrastructure and rewards ecosystem has the potential to attract millions into the cryptocurrency space. The card's fall launch caters to the growing enthusiasm in the cryptocurrency market. Additionally, recent market analysis shows Bitcoin has risen 150% year-over-year, while Ethereum has increased by 120%.
This collaboration represents a disruptive change, connecting traditional finance with decentralized assets and potentially accelerating the integration of cryptocurrencies into everyday spending. Stay tuned for more details and join the waitlist for the crypto credit card: coinbase.com/creditcard
World Chain Simplifies Access Through Coinbase Onramp
USDC is taking active steps. The World ecosystem has announced a significant update, with @world_chain stating on June 9, 2025, that U.S. users can now seamlessly enter the decentralized economy through Coinbase Onramp. This feature is directly integrated into the World App, allowing users to recharge their wallets directly using bank accounts and debit cards, making it easy to purchase USDC on Optimism. Users can also convert USDC into local WLD Tokens, earning rewards by holding WLD or participating in Mini Apps.
Recent metrics indicate that this update is a milestone event in the development of World Chain, enhancing accessibility for its 1.5 million monthly active users. This integration leverages the Onramp feature of the Coinbase developer platform, simplifying the onboarding process and aligning with the mission to "expand access to decentralized finance globally." With monthly payment volumes in the trillions of dollars and the support of the highly liquid asset USDC, a stable and scalable entry point is ensured. Visit world.org to learn more about this new feature: https://www.coinbase.com/developer-platform/discover/launches/worldcoin-on-onramp
Katana Network: Early Participation Rewards and Strong Integrations
@Katana_Network announced a significant update on June 14, 2025, outlining ways to participate in app.katana.network before the public mainnet launch. Katana, incubated by Polygon Labs and GSR (Base users can access it using $USDC), focuses on deepening liquidity and creating high yields to revolutionize DeFi. Here are the ways to participate:
Opportunities for early participants:
· Turtle Club: Pre-deposit into selected liquidity pools and lock until Q4 to earn high annual interest rates, rewarding early supporters.
· Katana Krates: Gamified loot box openings offering chances to win $KAT, CryptoPunks, and other rare NFTs, adding fun and challenge.
· Kaito Leaderboard: Increase visibility by promoting on X, with the top 5 earners receiving exclusive rewards.
Key integrations:
· Morpho: Lending layer on Ethereum and Katana, enhancing lending opportunities.
· Agglayer: Handling cross-chain bridging infrastructure, ensuring seamless asset movement.
· Sushi: Enhanced AMM (automated market maker) on Katana, optimizing liquidity and trading.
· On-chain Liquidity (CoL): Serving as a backstop and liquidity flywheel, stabilizing rates and reducing slippage.
Supporting all the above features is vaultbridge, Katana's yield engine, which deploys assets into low-risk DeFi strategies on Ethereum, generating real yields that can flow back into the network. With the private mainnet launch of Katana and the public release approaching, now is the time to explore app.katana.network and secure your place in this DeFi revolution.
Cookie.fun's ReFAi Branding Campaign: A 7-Day Reward Sprint
@Cookiedotfun launched the ReFAi branding campaign on June 13, 2025, allocating 1% of the $ReFAi supply to the 25 most active influencers on X who promote the project through tweets, discussions, memes, promotions, and education. This 7-day sprint has no second chances, and winners will share this 1% Token allocation. The campaign aims to encourage user participation in the growth of $ReFAi's influence, aligning with Cookie.fun's mission to reward quality content and support community engagement.
This initiative is part of a broader strategy by Cookie.fun to launch "instant activities," positioning itself as a major competitor to Kaito. Since the campaign's launch, Cookie.fun has gained widespread attention, with over 50,000 users participating according to recent X posts, and an AI-driven observation and reward system ensuring fairness in the campaign. The platform focuses on real-time, high-impact activities like the ReFAi branding campaign, contrasting with Kaito's more structured participation model, potentially attracting users seeking quick, dynamic opportunities. Given Cookie.fun's recent partnership with Cookie DAO and its goal to expand its user base to 100,000 by Q3 2025, it is clear they are leading the trend. Explore and participate in the topic: cookiedot.fun
PlaySapien: Earn Cryptocurrency by Training AI and Interacting on Base
PlaySapien offers an opportunity to earn cryptocurrency by training AI through interactive games, a revolutionary profit-making opportunity. Users can earn tokens while contributing to AI development, aligning with PlaySapien's mission to democratize AI and cryptocurrency rewards. As noted in a recent post on X, PlaySapien has attracted over 40,000 users since its launch, with its unique model combining education and earnings gaining significant attention. The platform focuses on AI training, driven by the community, creating a collaborative environment for users to shape the future of technology together.
Sapien SNAPS Campaign on Cookie.fun
On June 13, 2025, @PlaySapien announced the Sapien SNAPS campaign on @Cookiedotfun, where users participating in the challenge will become Sapien Snappers and climb the leaderboard. To participate, visit cookie.fun/tokens/sapien and create exciting content about PlaySapien. The higher the engagement, the more SNAPS earned, with a total of 2% of the token allocation as funding rewards for the most influential voices in the community. This is a race to the top, with real-time leaderboard updates.
Spaces Event on June 17
On June 17, 2025, @PlaySapien will host a Spaces event on the X platform to explore why Base is suitable for everyone. The event features a star-studded lineup, including @Toshi_base, @davidtsocy, @taowatts, @RowanRK6, and @trevorkoverko, delving into Base's inclusivity and PlaySapien's role within it. The event starts at 3 PM ET, providing an opportunity to learn from industry leaders and interact with the Sapien Squad. Follow @PlaySapien for details and get ready to engage in this important conversation.
PlaySapien combines AI training, competitive activities, and community events, making it a key player in the Base ecosystem. Explore the Sapien events now! https://app.sapien.io/join/TealPuffinLori
Coinbase Business: A One-Stop Cryptocurrency Solution for Modern Enterprises
On June 12, 2025, @CoinbaseBiz launched Coinbase Business, a one-stop cryptocurrency account designed for modern enterprises. The platform offers the following features:
Instant Global Payments
· Seamlessly send and receive global payments using USDC
· Access a stablecoin market worth trillions of dollars monthly
Secure Custody and Trading
· Leverage Coinbase's industry-leading security technology
· Custody assets exceeding $400 billion
· Hold 12% of the world's Bitcoin
· Ensure the security of corporate digital assets
API Automation
· Automate fund management and trading strategies through powerful APIs
· Enhance operational efficiency for businesses of all sizes
USDC Rewards
· Earn rewards through trading
· Incentivize businesses to integrate cryptocurrency into operations
This launch aligns with Coinbase's mission to make it easier for businesses to use cryptocurrency, with a 30% growth in business accounts in Q1 2025. With over 100 million users and operations in more than 100 countries, Coinbase Business is poised to bring a new wave of enterprises into the crypto economy.
Take action now and join the waitlist at coinbase.com/business to stay ahead.
Hotspot Updates
Active loans on @base have surpassed the $1 billion mark.
Mamo's Bitcoin Account: Helping Your Assets Achieve Silent Growth
@Mamo_agent announced on June 11, 2025, that you can now deposit Bitcoin into Mamo and let it grow automatically. The Mamo Bitcoin account offers a simple, stable way to earn more Bitcoin without trading or managing spreadsheets, allowing for silent growth in the background.
The launch of this feature, reflected in a 15% growth in user base in Q2 2025, aligns with Mamo's mission to "make cryptocurrency work for you." With Bitcoin up 150% year-over-year, Mamo's automated growth approach could change the game for long-term holders. Explore more here: mamo.bot
Backroom's $ROOM: The Next Major Virtual Asset in AI Curated Information
@useBackroom launched a disruptive concept token $ROOM on June 12, 2025, which turns AI-curated information streams into tradable assets. They detailed in a post on X that Backroom is redefining how valuable information is tokenized, positioning it as a primary virtual asset.
The platform utilizes AI agents to observe, build, and analyze insights in real-time, providing creators a way to curate information without the social pressures of managing chat rooms. Subscribers gain access through tradable Keys, and the creation process is entirely transparent, meeting the demand for acquiring valuable information.
This model disrupts traditional token "key" controlled chat rooms (often lacking scalability and transparency) by focusing on tokenized access to information. $ROOM powers the ecosystem, allowing creators to earn from information accessed by users using Keys without dealing with censorship issues.
Given Backroom's rapid user growth (as reflected in discussions on X, reaching 100,000 monthly active users) and plans to expand active users to 500,000 by Q4 2025, $ROOM has the potential to become a cornerstone of the virtual asset narrative. Explore more here: https://backroom.tech
This concludes Issue 008 of BASED WEEKLY! We hope you enjoyed diving into the latest on-chain innovations, from Shopify's $USDC integration to Coinbase's new business tools and the explosive growth of the Virtuals Protocol. If you found this issue valuable, please consider subscribing on Paragraph to receive the latest edition directly in your inbox. Your support is our motivation to keep going, and we appreciate every reader. Stay true to your mission. -Goyabean
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