Month: August 2025

Base Network Suffers 1st Downtime Since Debut, Halts Operations for 29 Minutes

Base, Coinbase’s (COIN) Ethereum layer-2 scaling product, ground to a halt for the first time since its 2023 debut, disabling critical functions including block production, deposits, withdrawals and flashblock operations for 29 minutes before service resumed. The incident occurred at 06:15 UTC as a result of an “unsafe head...
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From Airdrop to Freefall: Celestia’s Tokenomics Under Fire

When Celestia airdropped its TIA token to 580,000 users in 2023 it was the plat du jour among traders and investors, with the project saying the release aligned with a new “modular era.” However, despite rallying to a dizzying $20 price point in September, 2024, it has since slumped...
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CFTC and SEC Launch Crypto Sprint to Reform U.S. Regulations

A new phase in crypto regulation officially began on August 1, as the Commodity Futures Trading Commission launched what it’s calling a “crypto sprint.” Acting Chair Caroline Pham confirmed that the CFTC is teaming up with the SEC, led by newly appointed Chair Paul Atkins, to fast-track parts of...
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