Ethereum is right now breaking higher. It is currently running into some pretty decent resistance. The key to Ethereum's success is the fact that it is the main programming ecosystem on which you can build stablecoins, real world assets. We saw last month an announcement by Robinhood that they were going to build their own layer two network on top of Ethereum. In that network, they're going to be offering investment products that you can't get in any other place.

This is going to draw more people into this crypto ecosystem. And because ether is the currency that is used as the foundation for this Ethereum economy, it's the power for all these Ethereum transactions. It's what we call gas in the ecosystem. That means that if you want to transact on Ethereum, you're going to have to have or use some ether. I think over the long run, it is going to drive tremendous demand for ether.

Crypto platform Coinbase launches a new 'Base' app that will replace the Coinbase wallet. The new base app will combine the existing functions of the wallet along with new ones like social media messaging and support for many apps. It is run on the company's blockchain network, which sits on top of Ethereum. The company is targeting a new set of consumers with incentives and fee waivers as Coinbase looks to diversify its revenue streams.

It's sort of an everything app they're calling it. We can think of it as more of a super app, something comparable to WeChat in China. Content creators are getting the message, since the Base app is a Web3 version of a super app.