Coinbase Teases Wallet Rebrand Amid “A New Day One” Event

Coinbase’s highly anticipated “A New Day One” event is set to spotlight the future of Base in the memecoin era—and it appears everything begins with a bold wallet rebrand.

Farewell, Coinbase Wallet… at least in name.

While the app itself is sticking around, it’s getting a fresh identity. On X, Coinbase Wallet’s profile name now shows as crossed out, replaced simply by “TBA” and several cryptic question marks, sparking a wave of speculation across the crypto community.

“There’s plenty of chatter about what this means, but I’m betting on ‘The Base App.’ That would tie in nicely with Base rolling out a suite of in-app experiences directly inside its wallet,” said Bradley Park, an analyst at DNTV Research in Seoul, in an interview with CoinDesk.

Fueling that theory is the fact that Jesse Pollak, the creator of Base, was appointed to head Coinbase’s Wallet team last October.

Speaking at Devcon in Bangkok last year, Pollak emphasized Base’s vision for decentralization, hinting that the wallet could be rebranded to underscore its decentralized ethos and create some separation from the Coinbase brand itself.

This isn’t Coinbase’s first wallet makeover. The product originally debuted under the name “Toshi,” before adopting the Coinbase Wallet moniker in 2018.

Ethereum’s ZK Upgrade Wins Praise from ARK’s Cathie Wood

Meanwhile, Ethereum is making headlines of its own. ARK Invest CEO Cathie Wood has expressed confidence in Ethereum’s direction, applauding the network’s plans to integrate zero-knowledge proofs (ZKPs) directly into its core protocol.

“Ethereum is proposing the right moves for scalability and privacy to maintain its lead in the institutional world,” Wood said, despite admitting she doesn’t fully grasp every technical nuance.

The new roadmap would allow validators to verify cryptographic proofs of block validity instead of re-executing every transaction. These proofs, generated by block builders or external zk-prover networks, could be confirmed in under ten seconds on hardware costing less than $100,000 and using under 10 kilowatts of power.

Such upgrades promise to boost Ethereum’s throughput and decentralization but introduce potential risks, such as reliance on provers who could go offline or act maliciously. To mitigate this, the Ethereum Foundation plans to diversify prover networks, strengthen protocols, and eventually enable at-home participants to contribute to proof generation.

If successful, Ethereum would become the first major blockchain to embed ZKPs directly into its base layer, cementing its role as the leading infrastructure for both decentralized applications and institutional usage. Coupled with innovations like cheaper data availability through blobs and zk-rollup advancements, Ethereum is positioning itself as the network best equipped for large-scale adoption.

Market Snapshot

• BTC: Bitcoin climbed 1% over the weekend, briefly touching nearly $119,000 amid trading volumes three times the usual average. BlackRock’s IBIT fund surpassed $80 billion in crypto assets under management, highlighting robust institutional interest, even as some profit-taking emerged late in the session.
• ETH: Ethereum broke above $3,000 for the first time since February, gaining 3% as record institutional inflows and surging volumes fueled bullish sentiment.
• Gold: Gold rose to $3,371, propelled by relentless central bank buying exceeding 1,000 tonnes annually since 2022. The metal breached critical technical levels, with analysts now eyeing $3,578 and higher.
• Nikkei 225: Asia-Pacific markets opened lower Monday following President Trump’s unexpected weekend announcement of 30% tariffs on imports from the EU and Mexico, dragging Japan’s Nikkei 225 down by 0.33%.