Coinbase Unveils Base App: A Multifunctional Platform for Trading, Payments, and Social Interaction

Coinbase has rebranded its Wallet as the Base App, integrating trading, payments, and social features into a single platform. This transformation positions the app as the central gateway within the Base ecosystem, offering users seamless coin swaps, zero-fee USDC transfers via NFC, and a 4.1% APY on holdings. The introduction of live social features further enhances its utility, marking a significant step forward in the evolution of cryptocurrency applications. As of July 17, 2025, this development underscores Coinbase's commitment to innovation and user-centric solutions in the digital asset space.

Coinbase Rebrands Wallet as Base App, Integrating Trading, Payments, and Social Features

Coinbase has unveiled its rebranded Base App, transforming the former Coinbase Wallet into a multifunctional platform that combines trading, payments, and social interaction. The app now serves as the Core gateway within the broader Base ecosystem, enabling users to swap coins, send USDC with zero fees via NFC, and earn a 4.1% APY on holdings.

The Base App introduces live social features, including real-time trade tracking and messaging, fostering community engagement. Creator monetization tools and AI chat functionalities further enhance its utility. This strategic pivot underscores Coinbase's ambition to centralize crypto activity in a single interface.

Satoshi-Era Whale Moves $4.77B in BTC Amid Market Turbulence

A Bitcoin whale from the Satoshi era has transferred 40,192 BTC worth $4.77 billion to a new wallet, sparking speculation of an impending sell-off. The move follows a similar 40,000 BTC dump to Galaxy Digital earlier this week, which contributed to Bitcoin's price retreat from its all-time high of $123,100.

On-chain analysts suggest the whale may be preparing to offload remaining holdings, potentially exacerbating recent market volatility. Coinbase's Conor Grogan raised concerns the dormant coins' sudden movement could indicate compromised security—a theory that remains unconfirmed.

The whale activity coincides with Leveraged traders shifting positions. High-profile investor James Wynn closed a profitable 40x long position and opened a 40x short, signaling bearish sentiment. Bitcoin's price dipped nearly 2% following these developments.