Quick Take
Coinbase plans to suspend WBTC trading.
Zerion launches an XP program.
MetaMask releases extension v12.6.
ethOS introduces an App Store.
Coinbase To Suspend WBTC Trading
Coinbase announced it will suspend trading for WBTC, the largest wrapped Bitcoin ERC-20 token on Ethereum, on its centralized exchange. Trading will cease on December 19, 2024, at approximately 12 PM ET. Coinbase has also transitioned WBTC order books to limit-only mode. The Wrapped BTC team expressed regret over the decision. Notably, in September, Coinbase introduced its own wrapped Bitcoin token, cbBTC, an ERC-20 asset backed 1:1 by Bitcoin held by Coinbase. Initially launched on Base and Ethereum, cbBTC has since expanded to Arbitrum. cbBTC currently has a market cap of $1.4 billion, compared to WBTC’s $13 billion.
Zerion Launches XP Program
Zerion, the portfolio tracker and wallet provider behind ZERO Network, introduced an XP program allowing over 10 million wallets to claim XP points based on wallet activity. Eligible criteria include metrics like gas spend and ownership of an Onchain DNA NFT. Additional XP can be earned for executing swaps, TVL held on ZERO Network, Gas Back rewards, and completing featured quests. Users can also migrate their Zerion Onchain DNA to ZERO Network. Onchain DNA serves as a spam filter, effectively distinguishing transactions made by real users from bots. Users on Zerion's mobile app and browser extension wallet can execute gas-free transactions on ZERO Network. Disclosure: ETH Daily is a participant in Zerion’s featured quests.
MetaMask Extension v12.6 Release
MetaMask, the leading Ethereum wallet with over 30 million monthly active users, launched MetaMask Extension v12.6, introducing two major features: Gas Station and Chain Permissions. Gas Station allows users to swap tokens without requiring native ETH for gas fees, as the fees are automatically included in the swap quote. Chain Permissions simplify multichain interactions by enabling users to sign transactions on any permitted network without manually approving network switches. Permissions are granted during the initial connection to a dapp and can be managed at any time. The new release also improves RPC URL management.
ethOS Introduces App Store
Ethereum-native mobile operating system provider ethOS announced plans for a native App Store coming to its dGEN1 hardware device in Spring 2025. The app store will feature a native wallet experience and zero in-app transaction fees for applications. dGEN1 is a dedicated device with a separate screen for displaying transaction notifications and metadata, a web3 browser, a system-level wallet, and native ENS support.
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