According to Wu Blockchain, Ethereum Foundation member chaskin eth stated that the recent criticisms from the Ethereum community targeting Coinbase are 'severely misplaced.' For nearly a decade, Coinbase has been one of Ethereum's largest customers, distribution channels, and builders. Instead of launching an independent L1 to directly compete with Ethereum, Coinbase chose to build Base, which settles on Ethereum and uses ETH as Gas. Additionally, Coinbase has contributed to the development of products and infrastructure like USDC, cbBTC, EIP-4844, ERC-4337 smart wallets, and x402. Base founder Jesse Pollak later retweeted and expressed that he finds it hard to understand the attacks on Coinbase for 'selling ETH,' emphasizing that Coinbase is one of the largest non-DAT ETH holders and remains one of Ethereum's biggest customers. https://(wublock123.com)/news/ethereum-foundation-member-community-criticism-of-coinbase-misaligned-66992