Coinbase Introduces Base App: Crypto News and Updates

Happy Thursday! After a shaky start to "Crypto Week," the U.S. House of Representatives voted to advance the GENIUS stablecoin bill, which has already passed the Senate. This puts it on track to reach President Trump's desk by the end of the week. In today’s updates, Coinbase has launched the Base App, transforming its web3 wallet into an "everything app" that combines social interactions, trading, chatting, and payment solutions, all utilizing its Ethereum Layer 2 technology. Additionally, SharpLink Gaming has acquired an impressive 20,279 ETH worth $68 million, further solidifying its position as the largest corporate holder of Ethereum. In other notable developments, ETH's value has surged above $3,400 as spot Ethereum ETFs recorded a remarkable $726 million in daily inflows, marking the highest figure since January. In the realm of Bitcoin, an OG whale transferred another 40,192 BTC, valued at $4.75 billion, to a new address, likely in preparation for selling, following a previous transfer of 40,010 BTC to Galaxy Digital's OTC desk earlier this week. Finally, the U.S. House has taken a critical step in progressing important crypto legislation with a late Wednesday vote of 217–212 to advance the GENIUS, Clarity, and anti-CBDC bills to a floor vote expected today. Never miss a beat with The Block’s daily digest, delivering insight into the most significant events in the digital asset ecosystem.