Highlights:
- The Coinbase Wallet is expected to be rebranded as ‘The Base App,’ emphasizing decentralization.
- Ethereum’s zero-knowledge (ZK) upgrade has garnered praise from ARK Invest CEO Cathie Wood for its potential to enhance scalability and privacy.
- Significant price movements were noted for Bitcoin and Ethereum driven by strong institutional interest.
Welcome to Asia Morning Briefing
A daily summary of prominent news during U.S. hours, alongside market movements and analyses. For an in-depth look at U.S. markets, visit CoinDesk’s Crypto Daybook Americas.
Market Updates
- BTC: Bitcoin rose nearly 1% to about $119K during the weekend, amid high trading volume.
- ETH: Ethereum surpassed $3,000 for the first time since February, with positive momentum from institutional inflows.
- Gold: Gold prices increased to $3,371 with consistent central bank purchases, also bolstering the outlook for further gains.
Ethereum’s ZK Upgrade and Institutional Confidence
Cathie Wood announced that Ethereum is making important strides for scalability and privacy aimed at appealing to institutional investors. The anticipated upgrade would allow validators to confirm cryptographic proofs of block validity, significantly cutting down computational requirements. This method targets enhancing network efficiency while ensuring security protocols are in place to mitigate potential risks.
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