Gm frENS. Happy Wednesday, you're halfway through the week!

• Coinbase joins the OIF.

• Stargate launches Fast Swaps.

• SIWE OIDC server for easy integrations.

• Fed cuts interest rates by 25bps.

Coinbase Payments joined the Open Intents Framework as a core contributor, alongside 30 other teams, including the Ethereum Foundation, Hyperlane, Across, OpenZeppelin, Lifi, and various L2 teams. The Open Intents Framework is a modular stack designed to standardize intents and enhance the cross-chain user experience on Ethereum. Intents are signed constraints that allow users to outsource their orders to a network of independent fillers. Intents enable fast and frictionless asset transfers, enabling a unified experience across chains. The framework provides developers with modular components for building custom intent-based applications.

Stargate Finance, a cross-chain liquidity protocol built on LayerZero, launched Fast Swaps, a new feature enabling single-signature and one-second execution for both cross-chain and same-chain swaps. The feature provides sub-second quotes, guaranteed pricing, MEV resistance, and gas-free swaps. Orders are created and matched offchain, then settled onchain within seconds. Fast Swaps are live on Ethereum, Arbitrum, Optimism, and Base, powered by the Aori universal intent protocol. Applications, wallets, and protocols can also integrate Fast Swaps into their products to offer users instant, seamless trading.

The SIWE team launched a public OpenID Connect (OIDC) server that lets apps easily add Sign-In with Ethereum. Any Web2 app that already supports Google or Facebook login can now support Ethereum logins instantly. They also released a Railway deployment template for developers who want to run their own SIWE-OIDC provider. SIWE (EIP-4361) is the standard that enables users to sign into apps by simply signing a message with their Ethereum wallet.

The U.S. Federal Reserve cut its benchmark interest rate by 25 basis points, setting a new target range of 4.00% to 4.25%. It marks the first cut since December 2024. In its latest projections, the Fed expects the federal funds rate to fall further to about 3.6% by year-end, implying another 40–65 basis points of easing. The crypto market cap rallied slightly amid the reduction.

• Nethermind v1.33.1 patch release

• Unstaking queue is a feature

• 3Jane partners with Block Analitica

• Superchain August recap

• SuperForm raises $1.4m

• Taiko integrates Chainlink Data

• SEC approves generic ETF listing standards

• PayPal partners with Google

That's it for today! If you enjoyed today's read, please support us with a donation 🌱

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.