Bitcoin 
$72,362 At the time of writing, it fell to $70,800, and losses in the US stock market triggered rapid sales. Altcoins, which have already failed to recover sufficiently, are now painted red again. If closings below $ 71,500 continue, investors’ risk appetite will be seriously undermined and the acceleration of the decline will be inevitable. So, is there any good news for cryptocurrencies? Of course there is.
Franklin and Base
Franklin Templeton, which manages trillions of dollars in assets, has expanded its tokenized security to a layer2 network. Wall Street giant Franklin Templeton RWA made its asset, FOBXX, accessible to Coinbase’s layer2 network, Base. It is the sixth blockchain where the Base token is traded and the token is currently ArbitrumPolygon, Avalanche 
$26Aptos and Stellar networks.
Anthony Bassili, head of tokenization at Coinbase, said:
“This is the first major asset manager to launch directly on Base, a clear signal to investors and issuers of what is to come.”
The fund launched on the Ethereum network has reached a size of $410 million to date. The market value increases with increasing demand. Franklin competes with BlackRock’s BUILD fund in this field. Over the years, these funds have reached huge market values and Ethereum 
$2,641 It is expected to contribute to the network.
Base Network
The Base network, launched by Coinbase in 2022, was essentially a step taken by the exchange to diversify its revenues. kraken Rivals such as are now following his lead. The success of the Base network, which has attracted great attention, becomes more prominent as it leaves other networks behind in terms of TVL. According to L2Beat data, it is behind only Arbitrum among its competitors, and the total locked value on the network has exceeded the $8 billion threshold.
base The number of active users on its network is increasing day by day. Transactions on the networks grew by 55 percent in the last quarter compared to the second quarter of 2024.
In an environment where giants like Franklin distribute their tokenized funds to different networks, it is not difficult to see what level crypto has reached in terms of institutional acceptance.
However, it is necessary to know that such good news means nothing for short-term market performance. At the time of writing, BTC is making new lows and has fallen as low as $70,624. It looks like it’s going to be a tough evening for altcoins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
