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Coinbase introduces The Base App.
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Coinabse releases Base Account and Base Pay.
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Consensys releases a report on Ethereum.
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Privacy Pools supports USDS.
Coinbase introduced The Base App, the newest version of its non-custodial wallet, designed to enhance social discovery through an integration with the Farcaster social graph. Previously known as Coinbase Wallet, The Base App now offers a Base Account smart wallet, a social feed, payments, secure chat, and over a thousand apps. Any developer can now release apps on The Base App. Coinbase’s non-custodial wallet originally launched in 2017 as Toshi, later rebranded as Coinbase Wallet, and now as The Base App. Coinbase’s Layer 2 network Base has also been renamed Base Chain, and now supports 200ms block times via Flashblocks.
Coinbase released the Base Account SDK, the next evolution of its Coinbase Wallet SDK, featuring universal sign-on through Sign in with Base and a USDC payments module called Base Pay. The release introduces Base Account, which serves as the onchain account and identity layer for the new Base app, built on Coinbase’s Smart Wallet infrastructure and Basenames. Base Account also supports offchain storage of personal information, enabling easy sharing with apps. The SDK also supports Sub Accounts, allowing users to manage multiple app accounts from one place. Base Pay will also be integrated into Shopify Checkout.
Consensys released a new report on Ethereum titled “The Industrialization of Trust,” coining Ethereum as “Trustware”: programmable, verifiable digital trust infrastructure for the global economy. Ethereum delivers digital trust as a commodity by guaranteeing data validity and finality through irreversible settlement. The report argues that owning ETH represents partial ownership of Ethereum’s critical infrastructure, positioning ETH as a digital reserve asset akin to gold and US Treasuries, but natively digital, programmable, and borderless. ETH also generates a yield through staking and has deflationary supply dynamics via EIP-1559. The report uses a Cost-to-Corrupt framework to value ETH, predicting a base-case price target of $15,800 by year-end 2028, reflecting both network security needs and ETH’s growing role as money and collateral.
Privacy Pools, an onchain privacy protocol, added support for USDS deposits, the native stablecoin of the Sky Protocol. The minimum deposit amount is set at 250 USDS. For a limited time, deposit fees for assets in the Sky Ecosystem will be 0%. The integration aligns with Privacy Pools’ multi-asset expansion strategy, with support for additional assets planned in the coming weeks. Privacy Pools enables users to deposit assets and withdraw them to an unlinked address. It uses zero-knowledge proofs to ensure deposits and withdrawals remain unlinked, provided assets stay in the pool for a minimum period. Since its mainnet launch in March 2025, Privacy Pools has processed over 1,000 deposits.
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