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Coinbase Drops $5 Million Bug Bounty on Cantina for Base and Smart Contract Security

2025-07-09 08:19:16

Main Idea

Coinbase launches a $5 million bug bounty program on Cantina for Base and smart contract security, while JPMorgan introduces its JPMD token and Shopify integrates USDC payments, highlighting institutional adoption of blockchain technology.

Key Points

1. Coinbase has launched a $5 million bug bounty program on Cantina, focusing on Web3 security for Base and smart contracts.

2. JPMorgan has launched its JPMD digital deposit token on Base, citing the network's institutional advantages like sub-second, sub-cent, 24/7 settlement.

3. Shopify has integrated USDC payments across 34 countries, leveraging Base's Commerce Payment Protocol for stablecoin transactions.

4. Base is emerging as a preferred blockchain for institutional adoption due to its partially decentralized structure and Security Council governance.

5. The SEC Chairman noted that digital asset regulation rules are unclear, while the global tokenized asset market has grown over 260% in H1 2025.

Description

Coinbase launched a $5 million bug bounty program on Cantina targeting its on-chain products and Base network smart contracts, marking one of the largest Web3 security initiatives to date. The program comes as Base gains mainstream adoption with JPMorgan launching its JPMD digital deposit token and Shopify integrating USDC payments across 34 countries. Base has emerged as a preferred blockchain for institutional adoption, with JPMorgan selecting the Layer-2 network for its JPMD token due to its ...

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