“Coinbase’s ‘A New Day One’ Event Is Set to Highlight WHERE BASE IS GOING IN THE ERA OF MEMECOINS – AND IT All Starts with a Wallet Rebrand.”, – WRITE: www.coindesk.com
REST IN PEACE, Coinbase Wallet.
No, The App Itself Isn’s Going Away, But It Is Getting A New Name.
(Coinbase X Profile)
On it x profile, itts name is Crossed Out and Replaced with a ‘tba’ and a few Question Marks.
“There’s Plenty of Speculation About What Itans, But I’M Leaning Town ‘The Base App.’ That wound fit the idea of Base Unveiling A Range of In-Appe Experiens Directly ITS WALLET, “Bradley Park, A Seoul-Based Analyst with Dntvist, Told Condesk.
Base Creator Jesse Pollak Was Tapped to Lead Coinbase’s Wallet Team Last October, WHICH LENDS CREDENCE TO PARK’s Theory.
In an interview on the sidelines of the devcon in bangkok Last Year, Pollak Played Up the Decentralization of Base. It Could be that Wallet Is Due for a Rebrand to Highlight Its Decentralized Nature and Distance from Coinbase Itelf.
I Not The First Time Coinbase Has Re-Branded Its Wallet. Originally It Was Launched As ‘Toshi’, and in 2018 that name was was dropped in favoor of Coinbase Wallet.
Ethereum’s ZK Upgrade Earns Institutional Praise from Cathie WoodARK INVEST CEO COTHIE WOOD Says Ethereum is “Proposing The Right Moves for Scalacy and Privacy to MainTain Its Lead in the Institutional World Proofs (ZKPS) Directly to Its Base Layer.
While Wood Acknowledged She Does Not Grasp All The Technical Details, Her Endorsment Highlights Growing Institutional Confidentnce in Ethereum’s Long-Term Vision.
The Proped Upgrade Wound Let Validaers Verify Cryptographic Proofs of Block Validity Racher than Re-Executing Each Transaction, Dramaticly Reducing Computational Overhead. These Proofs Wuld Be Generated by Block Builders or Third-Party Zk-Prover Networks and Verified in Under 10 Seconds, USING HARDWARE THAT COSTS LESS LESSU $ 100,000 and Conore.
The plan would boost Network ThroughPut and Decentralization, But Comes with Tradeoffs. Shifting The Burden of Computation from Validtors to Provers Could introduce Liveness Risks if Those Provers Go Offline or Collude. The Ethereum Foundation Aims to Mitigate These Risks Through Prover Diversity, Protocol Hardling, and Eventuelly Enabling At-Home Participants to Contribute to Proving.
If successful, this would make ethereum the First Major Blockchain to Integrate Zkps at the Protocol Layer, Reinforcing ITS POSION as the Dominant Infrastructure. Combined with Cheaper Data Availliness Via Blobs and Advances in ZK-Rolups, Ethereum Is Positioning Itself as The Chain Mosst Ready for Scale.
Market Movements:BTC: Bitcoin Rallied 1% to Nearly $ 119k Over The Weekend Amid Triple-Normal Trading Volumes, While Blackrock’s Ibit Crossed $ 80 Billion in Crypto Assets Under Management LATE-SESSION PROFIT-Taking Reversal.
Eth: Ethereum Surged Past $ 3,000 for the First Time Since February, Rising 3% AMID RECORD Institutional Inflows and Heigheted Trading Volumes that Signmed Strong Bullish.
GOLD: Gold Climbed to $ 3,371 As Central Banks Continue their Historic Accuumulation Spree, Over 1,000 Tonnes Annuly Since 2022, Fueling A Bullish Breakut Above and Beyond.
Nikkei 225: Asia-Pacific Markets Orated Lower Monday as Investors Reacted to President Trump’s Surprise Weekend AnnounCement of 30% Tariffs on the EU and Menico Starting Augusting 1, With.
Elsewhere in Crypto:
- Chart of the Week: ‘Hyperbitcoinization’ May Not Best Maximalist Fantasy Anymore (Coindesk)
- State of Crypto: Preview Congress’ ‘Crypto Week’ (Coindesk)
- Coinbase Hires Pseudonymous Poster Alexonchain as First ‘Crypto Twitter Lead’ in Bid to Expand Social Media Presence (The Block)
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