Fresh news from the crypto world! 🚀

- Coinbase has acquired Utopia Labs to improve its on-chain payments infrastructure. The team will join Base, Coinbase's layer 2 scaling network, to accelerate its on-chain payments roadmap.

- Base, launched in 2023, is now the largest Ethereum layer 2 by total value locked, surpassing Arbitrum.

- Coinbase also launched cbBTC, a Bitcoin wrapper, which is already very popular with $1.3 billion in TVL.

What do you think about these moves? Comment below!