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Coinbase-Backed Base Adopts Succinct’s SP1 zkVM to Cut Finality Times and Boost Security

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The Base network is moving to integrate ZK proofs into its core security stack, marking one of the most consequential upgrades yet for Ethereum’s Layer 2 ecosystem.

The Coinbase-incubated chain has selected Succinct Labs and its SP1 zero-knowledge virtual machine to supplement its existing trusted execution environment (TEE)-based architecture.

The move positions Base as the largest Ethereum Layer 2 operator so far to adopt ZK-based validation mechanisms at scale.

The shift reflects a broader transition underway across Ethereum scaling networks.

Optimistic rollups, once dominant, are increasingly converging toward hybrid or fully ZK-based security models.

Succinct said its SP1 zkVM—an open-source system designed to generate proofs for general-purpose computation—will enable Base to replace parts of its fraud-proof system with cryptographic verification. This could significantly reduce withdrawal times from days to near-instant or one-day finality, depending on implementation phases.

“Base going with SP1 is the single largest vote of confidence that ZK is indeed the endgame for Ethereum scaling,” Brian Trunzo, Chief Growth Officer at Succinct Labs, said in a statement shared with AlexaBlockchain.

“With Succinct, Base users inherit Ethereum-grade security, replacing economic game theory with math,” he added.

Base currently ranks among the largest Layer 2 networks by total value locked, users, and transaction throughput. By integrating ZK proofs, it effectively extends cryptographic guarantees to a substantial share of Ethereum’s scaling economy.

Wilson Cussak, Head of Base Chain, said the upgrade is aimed at strengthening infrastructure as adoption grows.

“Expanding Base with ZK proofs is a meaningful step to deepen the network’s security and resiliency,” he said.

Why does it matter? This upgrade signals a structural shift in how Ethereum scaling networks secure user funds.

Optimistic rollups rely on fraud proofs and economic incentives, which require a challenge period—typically up to seven days—to finalize transactions. Zero-knowledge systems, by contrast, validate correctness upfront using cryptographic proofs, enabling faster settlement and reducing reliance on external actors.

For institutional participants, this distinction is critical. ZK-based systems offer deterministic finality and lower counterparty risk, aligning more closely with traditional financial infrastructure requirements.

The integration also addresses one of the key bottlenecks in Layer 2 adoption: capital efficiency.

Faster withdrawals and trust-minimized bridging reduce friction for large-scale liquidity movement between Layer 2 networks and Ethereum mainnet.

Base’s move mirrors a wider industry trend toward ZK adoption.

Projects such as zkSync, StarkWare, and Polygon Labs have already deployed ZK-based rollups or validity proofs as core components of their scaling strategies.

Even optimistic rollups like Optimism and Arbitrum have explored hybrid models incorporating ZK proofs for faster finality.

These efforts suggest a convergence toward what Vitalik Buterin has described as Ethereum’s long-term “endgame”: a network secured primarily through ZK proofs.

Buterin has indicated that ZK-based validation could become dominant between 2027 and 2030.

Base’s implementation may accelerate that timeline by bringing ZK security into one of the ecosystem’s largest production environments.

Succinct’s SP1 zkVM is designed to allow developers to generate proofs for arbitrary Rust-based programs without building custom cryptographic infrastructure. This abstraction lowers the barrier for integrating ZK security across applications, bridges, and rollups.

For Base, the system introduces a hybrid model combining TEEs with ZK proofs. This approach balances performance and security, using hardware-based execution alongside mathematically verifiable proofs.

The upgrade introduces intermediate steps, including multiproofs, before reaching near-instant withdrawals.

The signal for Ethereum

Base’s adoption carries outsized influence because of its scale and backing by Coinbase.

As one of the most widely used Layer 2 networks, its architectural decisions often set precedent for the broader ecosystem.
A successful ZK integration could accelerate adoption across other rollups and infrastructure providers.

More broadly, the move underscores a shift in blockchain design philosophy.
Security is moving away from economic assumptions toward formal cryptographic guarantees.

For Ethereum, that transition may define the next phase of scaling.

The article “Coinbase-Backed Base Adopts Succinct’s SP1 zkVM to Cut Finality Times and Boost Security” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/coinbase-backed-base-adopts-succinct-sp1-zkvm/

Read Also: MoneyGram, Pairpoint and eToro Back Midnight’s Privacy Blockchain Before Mainnet

Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

Image Credits: Base, Shutterstock, Canva, Wiki Commons

Crypto bears got it wrong again, losing $300 million in liquidations: Crypto Markets Today

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Bears got it wrong again.

Bitcoin briefly tagged $80,594 early Monday, its highest print since Jan. 31, before pulling back to trade around $79,851 at the time of writing. The move triggered $370 million in total crypto liquidations over the past 24 hours, affecting 97,235 traders, according to CoinGlass data. Of that total, $301.93 million came from short positions.

Shorts were liquidated roughly four times as much as longs, indicating that bearish positioning was dominant going into the move. They were caught offside as the rally forced them to unwind positions at a loss.

Bitcoin alone accounted for $179 million of the wipeout, with ether traders contributing $95 million. The single-largest liquidation was an $11.77 million ETH/USDT short on Binance.

The squeeze is the second of its kind in two weeks. A similar setup on April 18 wiped out $593 million in shorts as bitcoin pushed past $77,000 on the back of reports of an Iran ceasefire.

The pattern is starting to look structural.

Funding rates on bitcoin perpetuals have been pinned negative for most of April, meaning shorts have been paying longs to stay short, and each time the price pushes higher, the same trade unwinds violently.

Other majors caught the bid. Ether climbed 2.3% to $2,368 and is up 2.2% on the week. XRP gained 2.1% to $1.42. BNB added 1.9% to $630. Solana rose 1.4% to $85.14. Dogecoin remains the standout performer, up 3.5% on the day and 14.3% on the week to $0.1119, extending the breakout that started last week alongside the year-high open interest in DOGE futures.

Net inflows into U.S. spot bitcoin ETFs reached $153.9 million last week, per SoSoValue. April pulled in $1.97 billion across the products, the highest monthly total since October 2025. Ether ETFs saw the opposite move, with $82.5 million in net outflows ending a three-week inflow streak.

FxPro analysts said in a note that bitcoin needs to consolidate above $85,000 to confirm the breakout.

“The rising price and the downward-sloping 200-day moving average are actively converging with an important long-term trend line at $83,600. Consolidation above this level could further encourage traders, but we would prefer to see consolidation above $85,000 first.

Derivatives Positioning

  • Privacy-focused Zcash (ZEC), smart contract platform ether (ETH), and market leader bitcoin are the biggest open interest (OI) gainers over the past 24 hours, pointing to a broad pickup in derivatives activity.
  • Bitcoin’s futures OI has climbed to 763.35K BTC, up sharply from the May 1 low of 707.24K BTC. The increase suggests renewed capital inflows into the market following April’s end-of-month de-risking. Meanwhile, Bitcoin’s 24-hour cumulative volume delta (CVD) has turned positive, meaning buyers are driving trading activity by placing more market orders than sellers, rather than using passive limit orders.
  • ZEC is showing a similar setup. Open interest is hovering near a four-month high at 2.26 million tokens, accompanied by one of the strongest CVD readings among major tokens. Funding rates are also positive at around 7%, indicating a bias toward long positioning.
  • Ethereum’s futures OI has risen to 14.17 million ETH, the highest level since April 18. Like Bitcoin, it is backed by positive funding rates and a positive 24-hour CVD, suggesting sustained demand from leveraged longs.
  • Not all markets look as balanced. Privacy coin monero (XMR) and appear overheated, with signs of overcrowded bullish positioning. Funding rates in these markets have surged above 60%, raising the risk of long squeezes if momentum stalls.
  • Options markets, however, are signaling relative calm. Annualized thirty-day implied volatility for both bitcoin and ether has remained subdued for over a month, consistent with a steady, grind-higher rally. Ethereum’s volatility index (EVIV) is now approaching the 55% level, a zone that has acted as a floor multiple times since 2024, making it a key level to watch for a potential pickup in volatility.
  • On Deribit, put skews in bitcoin and ether have weakened notably compared to a month ago. This shift suggests reduced demand for downside protection and increased appetite for upside exposure via call options as prices continue to rise.

Token Talk

  • One of the key winners of the CLARITY Act yield compromise appears to be real-world asset tokens. The compromise would see firms restructure reward programs from a “buy and hold,” to a “buy and use model.”
  • That, combined with growing regulatory clarity around tokenized real-world assets, has helped drive a rally in RWA tokens, with Ondo Finance’s ONDO leading gains.
  • It’s up 11% over the past 24 hours, breaking above its reported 90-day trading range as investors turned back to tokenized real-world assets. Tokens including , and PENDLE are also up.
  • Ondo’s total value locked stands at $3.57 billion, with a market value of $1.5 billion according to DeFiLlama data. The rally also comes over broadening interest in real-world asset tokenization, with more than $30.9 billion tokenized according to RWA.xyz data.
  • The move came after several recent developments for the project. Ondo Finance tapped Broadridge Financial Solutions to add proxy voting and filings access for more than 250 tokenized stocks and ETFs just this week.

Coinbase boosts Solana trading with DFlow integration

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U.S.-listed cryptocurrency exchange Coinbase has integrated trading protocol DFlow, allowing traders to exchange value across spot and prediction markets natively on Solana, the companies said on Monday.

Coinbase adding DFlow as its primary router will mean eight times less trade failures. The move also increases liquidity on tokens that were previously untradeable, and improves the prices users receive, according to a press release.

The DFlow aggregator, which services over a million active traders per month, was tapped by prediction market giant Kalshi in December. Coinbase said that before DFlow, roughly one in 30 trades on Coinbase’s Solana product could not be routed due to insufficient liquidity coverage; now it’s one in 250.

In addition, many smaller Solana tokens previously returned “no liquidity” when users tried to sell them. DFlow finds routes that other aggregators miss, turning failed trades into successful ones, particularly on the sell side, according to a press release.

“The best trading experience means trading infrastructure that works 24/7, has the best coverage, and provides the best price. Adding DFlow helps with all three of those,” said Richard Wu, Onchain Trading at Coinbase.

Bitcoin-Funded ‘Satoshi Scholarship’ Opens Lomond School Doors To Global Students

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Lomond School in Helensburgh, Scotland has launched a fully funded “Satoshi Scholarship,” extending its experiment with Bitcoin from the payments desk into the heart of school life. 

The award will cover two years of tuition and boarding at Burnbrae, the school’s boarding house, for one student who would struggle to access this kind of education without support. 

Applications are open worldwide, with a deadline of May 24.

The scholarship follows a year of rapid change at Lomond, which became the first school in the world to accept Bitcoin for tuition from Autumn 2025. Some parents already pay fees in Bitcoin, and the school has begun building a BTC treasury funded by donations from supporters in the wider Bitcoin community. 

School leaders describe this as the early stage of a savings strategy shaped by ideas of sound money and long term financial resilience that run through Bitcoin culture.

BTC now runs through the campus in more literal ways as well. Lomond operates its own node and several mining units, which both support the Bitcoin network and supply heat to classrooms. 

A live mempool display in the study and library gives students and staff a window onto transaction activity on the network, turning an abstract protocol into something they see during the school day.