Hey everyone, you're watching Coin Desk Daily. I'm your host, Jen Sanassi.

PayPal is expanding its peer-to-peer service to include cryptocurrency transfers to its payment flow.

The payment giant said in a Monday release that U.S. users will soon be able to send digital assets like Bitcoin and Ether

across PayPal, Venmo, and other crypto-compatible wallets. This move injects crypto into a key

growth driver for the company, with consumer payment volume climbing 10% in the second quarter year

over year, throwing digital assets into the mix signals a major step towards mainstream adoption.

The new feature arrives alongside the new PayPal links tool, which enables users to create

personalized links for sending or requesting money, which can be shared via text, chat, or

email.

Base, the layer two blockchain developed by Coinbase, is exploring issuing a native token.

The network's creator Jesse Pollock announced

the move at the base camp event on Monday but stressed that the plans are still in early stages.

Since its 2023 debut base has accumulated $5 billion in total value locked, making it the largest

layer two blockchain after arbitram. A native token might boost network activity further

as users attempt to secure eligibility for a potential airdrop. If issued, the token would be built

on Ethereum with base working alongside regulators on compliance for its distribution. I'm I'm And Bitcoin mining profitability declined 5% last month, primarily because of an increase in the network cash rate.

That's according to a report from Jeffries.

The investment bank said that U.S. listed's according to a report from Jeffries. The investment bank

said that U.S. listed mining companies mined 3,573 Bitcoin in August versus 3,598 the month before.

Jeffries noted that Mara Holdings mined the most Bitcoin of the group and maintained the highest

energized hash rate. That's our app for CoinDesk daily.

Get more updates on CoinDesk.com and we'll see you next time.

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