Base

Zach Dell's company, Base, recently raised $1 billion in a Series D funding round, bringing its valuation to $13 billion. The goal is to install Base Power home battery systems across America and globally, capitalizing on the massive residential retail electricity market estimated at $200 billion. With expansion into major markets including the U.K., Germany, and Australia, Base continues to rapidly expand operations.

Coinbase CEO Brian Armstrong promotes agentic finance as Base reaches 100 million AI payments, highlighting Base, USDC, and x402 as key components.

Garden Finance disabled its app following a $450,000 USDT exploit reported by Blockaid. The attacker drained funds from Garden Finance’s HTLC contracts across Ethereum, Base, Arbitrum, and BNB Smart Chain.

Base, a Coinbase-backed Ethereum layer-2, is preparing to launch 1:1-backed tokenized equities, signaling a shift from its initial social-focused strategy to expanding financial offerings. The launch is described as 'imminent' by Pollak.

Coinbase's Base blockchain project failed to establish a decentralized trading and social media platform, leading to financial losses and user dissatisfaction. Executive Jesse Pollak acknowledged mistakes in integrating social media features and favoring internal projects, while the broader crypto industry has shifted toward practical applications like tokenized assets and commodity trading.

Base transferred its app to Cobie. Stripe made a $53 billion move potentially affecting the stablecoin market, and Ostium lost $18M in a DeFi exploit.

Base creator Jesse Pollak is stepping back from leadership of the Base App after admitting he was 'definitively wrong' to bet on social experiences driving crypto adoption. The article notes this decision follows Base trailing in prediction markets and perps.

Jesse Pollak, the creator of Base, is stepping back from leading the Base App after acknowledging the network's on-chain social initiative was unsuccessful. He will return the app to Coinbase and focus on developing Base as a blockchain for global finance.

Boundless, a distributed compute startup, built a 4,000 GPU cluster to process Ethereum and Base ZK proofs on Bitcoin and is now expanding to AI compute.

Base is set to activate the B20 token standard, enabling developers to create native tokens for stablecoins, real-world assets (RWAs), and other tokens on the network.

Moonbeam is transitioning from Polkadot to Base and has introduced an AI agent framework. Token holders are advised to bridge their GLMR tokens to Base by July 31.

Spiko integrated Coinbase Payments into two EU-regulated UCITS Treasury funds, enabling subscriptions and redemptions via USDC and EURC through the Base platform. The integration allows investors to use Coinbase's stablecoin rails for transactions in these funds.

A post-mortem analysis identified a sequencer bug that caused consecutive outages. A race condition following a system reset prevented sequencers from synchronizing, leading to the second outage.

Base experienced a second mainnet stall in two days, with block production resuming at 16:11 UTC after an alert was issued at 15:33 UTC.

Base delayed its Beryl mainnet upgrade to June 26 to ensure the B20 Activation Registry is fully operational before the hard fork. The delay addresses timing issues related to the registry's readiness.

Coinbase's blockchain Base experienced a 2-hour outage due to a consensus problem on Thursday before resuming block production. The network has since returned to normal operations.

Ethereum layer-2 network Base, backed by Coinbase, experienced over two hours of downtime due to a block production issue ahead of a planned upgrade. The network has since recovered.

MOD documents reveal that chemicals were disposed of down the drain at a military base, prompting renewed calls for an investigation into forever chemicals following the release of historical site documents.

Base will launch the Beryl upgrade on mainnet on June 25, introducing the B20 native token standard and reducing withdrawal delays to 5 days.

BASE is inviting applications for its postgraduate courses. The initiative aims to enroll candidates in advanced academic programs.

Travala's new protocol allows AI agents to search and book hotels using USDC on the Base platform. Travelers are required to approve the final payment before booking is completed.

Travala introduced an agentic AI travel protocol on Base that supports gasless USDC hotel bookings and AI-assisted payment execution.

Agentic payment activity on Base has exceeded 100 million transactions. The data indicates AI-driven payment systems are transitioning beyond experimental phases, with users conducting higher-value transfers.

Base has launched the Azul upgrade on mainnet, introducing multiproofs and a new client stack to advance decentralization. The update aims to push Coinbase's Ethereum L2 closer to full decentralization.

Base has launched a new tool that connects crypto wallets to AI agents, enabling functionalities like transferring funds, swapping tokens, checking balances, and reviewing transaction history. The tool aims to enhance user interaction with blockchain through AI-driven automation.

Coinbase's Base has launched an AI tool integrated with ChatGPT to streamline management of cryptocurrency wallets and DeFi applications. The tool aims to enhance user experience by leveraging AI for crypto-related tasks.

A developer questions whether bot arbitrage activity alone can generate attractive yields on a new liquidity protocol featuring 1:1 liquid-locked derivative tokens. After testing on BASE with a memecoin, they observed minimal arbitrage activity ($1-$3 trades) yielding only 1.1-1.5% APY despite spreads up to 10%, attributing this to bots not being customized for the new protocol.

A protocol developer questions whether bot arbitrage activity can generate attractive yields on a liquid-locked derivative token pair. Testing on BASE with a memecoin showed minimal arbitrage activity ($1-3 trades) and only 1.1-1.5% APY with full-range liquidity, despite observing a 10% spread that no bot closed.

Syndicate Labs is shutting down after 5 years of operations, attributing the closure to a shrinking rollup market. The Ethereum rollup ecosystem is increasingly dominated by Arbitrum and Base, which control 68% of the market share according to L2Beat data.

VerifiedX has launched vBTC.b on Base with support for Fireblocks, bringing native Bitcoin redemption and FROST privacy to DeFi. The integration unlocks institutional interest and satisfies needs for regulatory compliance and privacy. VerifiedX believes there is strong demand for Bitcoin inside DeFi.

The user is looking for a way to convert ETH from Mainnet to Base without high fees. They are seeking recommendations for a low-fee solution. The user is struggling to find an efficient method.

The author is accumulating Bitcoin and has reached a substantial amount, but is concerned about what will happen to their savings if they were to pass away suddenly, as their family members are not familiar with managing cryptocurrency accounts. The author is seeking advice on how to plan for this scenario. They are looking for ideas from others who may have already considered this issue.

The author has been using Solana and prefers it over Ethereum L2s due to its faster and more straightforward nature. They find L2s to be more fragmented. The author is curious about others' preferences between Solana and Ethereum L2s for daily use.

The user sent $8k of ETH from Ethereum mainnet to Base and experienced a 3-day delay with no error or update, causing concern about losing funds. The transaction eventually completed, but the user is seeking information on reliable bridges for this process. The incident has raised questions about the normal processing time and potential issues with the bridge used.

Base continues to dominate DeFi with massive capital inflows of $155M, while Ethereum sees significant outflows of $1B. Capital is rotating toward newer high-performance protocols. Base's YieldSeeker and Metrom protocols brought in over $800M combined.

THORChain has paused trading due to a suspected $10 million exploit affecting multiple blockchain platforms, including Bitcoin, Ethereum, BNB Chain, and Base, as flagged by ZachXBT. The exploit's impact spans several major cryptocurrencies. Trading has been halted pending further investigation.

THORChain has paused trading due to a suspected $10M multi-chain exploit affecting several major cryptocurrencies. The exploit was flagged by security researchers and spans Bitcoin, Ethereum, BNB Smart Chain, and Base. Trading has been halted as a result.

The Nakamoto Coefficient measures decentralization in blockchains, and Chainspect has identified 10 chains with a low score of 1, including Ethereum and Base. These chains have a high risk of manipulation due to their low decentralization. The list includes other notable blockchain platforms.

A new trading MCP has been launched, providing the last 30 days of trades on various chains with less than 10 seconds latency. It is free to use and allows for various types of analysis. Feedback is being sought from users.

The article discusses the best principal token yields for investments ranging from $1,000 to $100,000, with Apyx's apyUSD and apxUSD tokens dominating the market. Yields are generated from cash dividends on preferred shares of Digital Asset Treasuries. The rates vary depending on the investment level and platform.