币界网报道：According to the news on June 24, Coinbase announced that Horizen is transitioning from the Layer 1 Horizen blockchain to the ERC-20 token based on Base. The upgrade is expected to take place on July 23, 2025. Coinbase plans to temporarily stop the sending/receiving/trading functions of ZEN from July 16 to July 25 before the migration. Coinbase added that it will support this migration and automatically convert the ZEN tokens on Layer 1 Horizen to ZEN tokens on Base, and plans to temporarily disable the Horizen network on July 16 to perform this upgrade. Coinbase reminds you not to deposit, transfer or trade ZEN during the migration period. Any deposits during this period (July 16 to July 25) cannot be restored. We will notify you separately after the service is restored.