Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2sWorldPing
Image via CryptoSlate.

What happened

Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work.

Key facts

  • Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work.
  • Reported by CryptoSlate and published Tue, 15 Sep 2026 03:20:48 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

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