Base completes Cobalt upgrade, adding tokenized asset conditional trading and issuer control functions

US Defense Secretary Hegseth announced the establishment of a new Autonomous Operations Command.

Federal Reserve Governor Cook stated that overall inflation in the United States has been above the 2% target for over five years, supports a 25 basis point rate hike at the September meeting, and is committed to restoring price stability while maintaining a strong job market. Cook pointed out that there are 20 million workers in rural communities in the United States, with an unemployment rate close to the national level but a lower labor force participation rate and slower employment growth than cities. Rural household transportation expenses account for about a quarter of total expenditures, and the rise in energy prices has a significant impact on rural residents. There are 4.3 million small businesses in rural areas of the United States, accounting for over 96% of local businesses and providing 7.4 million job opportunities. (Source: Jin Shi)

In September, Bitcoin rose by about 7%, S&P 500 remained almost unchanged, gold fell by over 6%, and U.S. spot Bitcoin ETFs received billions of dollars in inflows, with Strategy increasing its holdings of 1665 BTC. （Santiment）

Avalanche has upgraded its block verification mechanism, Helicon, resulting in a 100 fold increase in block generation speed compared to the highest record.

Base has completed the Cobalt upgrade, adding conditional trading and issuer control tools for tokenized assets. This upgrade extends the B20 token standard, allowing issuers to set up compliance checks such as identity verification, qualified investor qualifications, and sanction list screening. The issuer may preset company behavior adjustments such as stock splits and authorize administrators to transfer tokens in specific circumstances. Cobalt has added Validity Transactions, allowing users to set on chain conditions to submit transactions that remain private until they are included in the block. On July 8th, Base adopted B20 as the standard for homogeneous tokens; Coinbase issued B20 tokens representing Apple, Nvidia, Meta, and Alphabet stocks on Base on August 25th. (Source: Cointelegraph)