GeckoPulse: BASE Explores Potential Network Token

Base Teases Potential Token?

Coinbase's Layer-2 network Base may be issuing its own native token soon.

According to a recent blog post by the Base team, the potential token will be fully decentralized and mainly used to incentivize creators and builders.

Coinbase CEO Brian Armstrong also confirmed the news, but he stressed that there are no 'definitive plans' as of yet.

Previously, representatives from the exchange have constantly denied any plans for a native governance token for Base.

However, with the achievement of several network milestones, such as sub-second transactions and sub-cent fees, the team is now more open to decentralizing and making Base a more open ecosystem.

While the team did not share any detailed release schedule or tokenomics, they shared that the ecosystem will remain dedicated to Ethereum and will continue building upon it.

As a US-based firm, the Base team has also promised to work closely with regulators for the token launch, which could mean certain jurisdictions may be prohibited from acquiring or receiving the potential token.

The End of PSP

After rebranding from ParaSwap to Velora, the team is ready to do the same with its native PSP token.

Velora recently announced the launch of its VLR token, which will become the main asset for staking and voting on the platform.  

The protocol intends to adopt a more seamless structure by integrating gasless transfers and a unified staking hub on Base.

Users can now migrate their PSP tokens to VLR through a one-click transaction.

Furthermore, PSP stakers are incentivized to migrate their positions as soon as possible to earn additional VLR rewards.

The migration window will remain open for at least a year, but the bonus rewards will end in December 2025.   

Since the VLR token migration was announced, the price of PSP rose by 30.5% from $0.02 to $0.028.

From L2 to L1 

Movement, an ETH L2, announced its intentions to transition and become a full-fledged L1 blockchain.

In a recent announcement, the team promised that this transition would bring performance upgrades and improve scalability.

The new Layer-1 will also feature native staking, allowing users to delegate their MOVE tokens to validators to secure the network.

Most importantly, entities holding locked tokens will be unable to participate in staking.

The Layer-1 testnet is expected to launch soon, and the Move L1 mainnet is slated to go live before the end of 2025.

Shortly after the announcement, the price of MOVE spiked by 10.4% from $0.125 to $0.138, but has completely retraced the move.

P2P Crypto Payments with PayPal

Payment giant PayPal announced the launch of PayPal links, a new way to receive and send payments through a one-time link that can be shared in any text conversation.

PayPal links is live for US users and is expected to go live in other regions such as the UK and Italy, later this month.

This P2P payments experience initially only supports fiat payments but is expected to integrate and support cryptos such as PYUSD, ETH and BTC.

Most importantly, these personal payments are exempt from 1099-K reporting, meaning you can potentially send your friends and family crypto, without being taxed.

This new P2P payments solution will integrate seamlessly with Venmo (subsidiary of PayPal), which could introduce millions of Venmo’s users to crypto for the first time.

In Other News…

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Unknown Bitcoin Whale Splits $116M Worth of BTC. An anonymous whale ended his 11 years of dormancy after he transferred 1000 BTC to four new wallet addresses. This latest move follows the trend of Satoshi-era BTC whales beginning to move their holdings after long periods of inactivity.

Wormhole Teases 2nd Airdrop?! Bridging infrastructure firm Wormhole posted a teaser on X with an image of two W tokens alongside the date, 17 September 2025. Users on X are speculating that a second airdrop of their W token is in the works.

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MoonPay Acquires Payments Startup Meso. Crypto payments infrastructure MoonPay announced that it has completed their acquisition of Meso, advancing their strategy of building a global payments network. Meso’s co-founders Ali Aghareza and Ben Mills will join MoonPay as their new CTO and Senior Vice President of Product.

MetaMask’s mUSD now Live. Crypto wallet MetaMask announced that their mUSD stablecoin is now live. mUSD is currently offering strong liquidity and incentives on the ETH L2 Linea.

Project Wings. The Trump-linked World Liberty Financial is collaborating with memecoin launchpad BONK.fun. The collab offers “promotional rewards” for users trading the USD1 pair, incentivizing users to launch and trade memecoins using World Liberty Financial’s USD1 stablecoin.

An Ethereum-powered AI Future. The Ethereum Foundation announces a new AI division, calling it their “dAI Team”. dAI will seek to make Ethereum the “preferred settlement and coordination layer for AIs”. Their first steps would be geared towards empowering AI agents ways to pay and utilize the blockchain freely.