
A public dispute between Donald Trump and Elon Musk on X (formerly Twitter) has triggered ripples across cryptocurrency markets.
- Bitcoin declined 1.7% to $102,000
- Overall crypto market down 3%
- $TRUMP memecoin experiencing significant losses
- Other related memecoins showing downward pressure
The conflict began with Musk's controversial post on June 5th, leading to broader market uncertainty. This highlights the growing intersection between social media, public figures, and cryptocurrency market sentiment.
Trump & Elon Musk's public feud on X is shaking the crypto market. Bitcoin dropped 1.7% to $102K, with the broader market down 3% after Musk's explosive June 5th post. $TRUMP memecoin and others bleeding fast.
Base TVL Reaches New Heights at $3.922B

Base, Ethereum's Layer 2 solution, has achieved a significant milestone with Total Value Locked (TVL) reaching $3.922B. The platform demonstrates robust performance with 130 transactions per second (TPS). Key developments: - Strong DeFi ecosystem growth - Increased stablecoin adoption - Enhanced scalability metrics This growth follows broader market momentum, with Bitcoin maintaining strength above $100K and Ether ETFs showing consistent inflows. The Layer 2 ecosystem continues to be a crucial component of Ethereum's scaling strategy. Recent regulatory developments and institutional adoption have created a supportive environment for L2 growth.
Base Blockchain Evolution: From Launch to Based Rollups

Base, launched by Coinbase in 2023, made history as the first blockchain created by a public company. The L2 solution leverages Coinbase's massive ecosystem of 110M users and $80B in assets. Key developments: - 2023: Initial launch with Optimistic Rollups for efficient dApps - 2024: Achieved significant growth through meme tokens and NFTs, generating $89.4M in fees - 2025: Implemented based rollups, enhancing decentralization with 12-second confirmation times The platform continues to evolve on Optimism's OP Stack, focusing on user experience and scalability.
xUSD Spotlight: Arbitrum Minting

xUSD is highlighting the benefits of minting on Arbitrum: - **Lightning-fast transactions**: Arbitrum's Layer 2 solution offers rapid processing times. - **Pocket-friendly gas fees**: Lower transaction costs compared to Ethereum mainnet. - **Seamless entry to xUSD ecosystem**: Easy onboarding for new users. The combination of efficient minting and Arbitrum's advantages opens up numerous possibilities for xUSD users. This update emphasizes the platform's commitment to providing a user-friendly and cost-effective stablecoin experience. **Key Takeaway**: Minting xUSD on Arbitrum offers speed, affordability, and accessibility.