Coinbase’s digital wallet changes its name, what’s the impact?

Jakarta, Pintu News – The digital wallet known as Coinbase Wallet will soon undergo a name change. While the app will not be discontinued, this name change signals a new era for Coinbase. On their X profile, the old name has been dropped and replaced with a ‘TBA’ sign which has led to much speculation.

Bradley Park, an analyst from Seoul-based DNTV Research, suggests that the new name is likely to be ‘The Base App’. This name is considered to be in line with Base’s strategy to integrate various app experiences directly within its wallet. Jesse Pollak, the creator of Base, who has led Coinbase’s wallet team since October last year, also supports this theory.

Ethereum’s ZK Boost Earns Praise from Institutions

ARK Invest CEO Cathie Wood has praised Ethereum’s plans to improve scalability and privacy through the use of zero-knowledge proofs (ZKPs) at the base layer. Although Wood admits that she doesn’t understand all the technical details, her endorsement demonstrates institutions’ growing confidence in Ethereum’s long-term vision.

The proposed enhancements will allow validators to verify cryptographic proof of block validity without having to rerun each transaction. This will dramatically reduce the computational burden. These proofs will be created by the block builder or a third-party zk-prover network and verified in less than 10 seconds, using hardware that costs less than $100,000 and consumes no more than 10 kilowatts of power.

Also Read: Binance CZ: “There Will Be More Declines, It’s an Accumulation Phase!” – What Does It Mean for Investors?

Market Movements: Bitcoin and Ethereum Gain

Bitcoin (BTC) saw a 1% rise to nearly $119,000 over the weekend amid trading volumes three times the norm. Meanwhile, BlackRock’s IBIT has surpassed $80 billion in crypto assets under management, signaling strong institutional demand despite a reversal of profit-taking late in the session.

Ethereum (ETH) surged past $3,000 for the first time since February, up 3% amid record institutional flows and increased trading volumes signaling strong bullish momentum. This indicates increased trust and adoption of Ethereum from large financial institutions.

Conclusion

Coinbase’s wallet name change and Ethereum’s technology upgrade demonstrate the changing dynamics in the crypto ecosystem. These two events not only affected users and investors, but also set new standards in privacy, scalability, and institutional trust in blockchain technology.

Also Read: Big Drama: Coinbase and Binance Deny Each Other Over Media Leaks and Market Grab!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. Asia Morning Briefing: How Will Coinbase Rebrand Its Wallet. Accessed on July 15, 2025