Base Outage: Sequencer Failover Left Network Offline for 33 Minutes
Coinbase’s Base network experienced a 33-minute outage after a sequencer failover attempted under congestion. The backup sequencer was not fully provisioned, requiring manual intervention to restore block production. Base plans infrastructure changes to prevent similar incidents.
Asia Briefing: Architect Launches Institutional-Grade Crypto Credit Ratings Service
Architect has introduced the first institutional-grade credit rating platform built for crypto, addressing the absence of a trusted risk assessment intermediary. The service leverages blockchain-based data to evaluate creditworthiness of miners and DePIN projects, aiming to unlock new financing channels in digital assets.
Base Network Suffers First Downtime Since 2023, Halts for 29 Minutes
Base, the Coinbase-backed Ethereum layer-2 blockchain, experienced a 29-minute outage due to an unsafe head delay. Network functions including block production, deposits and withdrawals were halted before a fix was deployed.
Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury
Jito Labs has submitted governance proposal JIP-24 to redirect all Block Engine and Block Assembly Marketplace fees—currently split 50/50—into the Jito DAO treasury. If adopted, the DAO will control the full 6% protocol fee, empowering tokenholders and reducing the core team’s revenue share, while a subDAO plans budget allocations for yield initiatives.
Base Network Suffers 1st Downtime Since 2023, Halts Operations for 29 Minutes
Coinbase’s Base blockchain experienced a 29-minute outage on August 5, halting block production, deposits and withdrawals. The incident resulted from an “unsafe head delay” that was identified and resolved within minutes. With $4.2 billion TVL, the event underscores the network’s critical role and operational challenges.
Cardano community approves $71M treasury spend for network upgrades
Input Output Global secured approval to draw 96 million ADA (~$71 million) from the Cardano treasury for a 12-month plan focused on scalability, interoperability, and developer experience. Funding will be milestone-based, overseen by Intersect, with payments released upon delivery and monthly audits.