Base Explains Network Disruption: Sequencer Glitch Led To 33-Minute Block Production Halt

Base, the Ethereum Layer-2 solution developed by Coinbase, experienced a 33-minute network disruption that halted block production on its Mainnet. The outage occurred on August 5, 2025, and was caused by unexpected on-chain congestion combined with an unprepared backup sequencer. While Base is designed with high availability in mind—featuring multiple sequencer instances managed by Conductor […]

Coinbase Plans $2 Billion Private Convertible Note Offering Following Q2 Results

Nasdaq-listed cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private convertible note offering following a weaker-than-expected second-quarter performance. The move comes as COIN shares recorded a 15% decline on August 4, reflecting market reactions to the company’s reported drop in revenue and increased operational costs. Related Reading: Crypto Giant Coinbase’s UK […]