Coinbase's Base blockchain resumes after two-hour outage disrupted network

Coinbase-backed Ethereum layer-2 network Base resumed block production Thursday after a disruption of roughly two hours that halted the blockchain.  In an update, the Base team said the chain has resumed working and internal nodes were syncing correctly, though it continues to investigate the root cause of the incident. The team also advised ecosystem node operators to restart their Base nodes to restore synchronization.  The first public indication of problems came at 16:03 UTC, when Base reported that mainnet block production was “unhealthy.” By 16:52 UTC, the team said it had identified a problem and was pursuing multiple remediation efforts.  The incident temporarily halted transaction processing on one of Ethereums largest layer-2 networks. Base has not yet disclosed what caused the invalid block or whether the issue stemmed from a software bug or another consensus-related fault.  The network also previously suffered an outage in August 2025.  The team said it will continue to monitor network stability and provide further updates as its investigation continues.

06-26

Analyst Who Found Previous Bitcoin Lows and Glassnode Offers New Low Interpretation! Two Levels Identified for the Bottom!

Bitcoin briefly fell below $60,000 due to outflows from US spot ETFs, a more hawkish Fed, and a stronger dollar.  While the decline is raising concerns that it could turn into a prolonged bear market, some analysts suggest that the bottom may be near.  At this point, Glassnode noted that Bitcoin was showing signs of bottoming out at $60,000 amidst its downtrend.  Glassnodes weekly report stated that while Bitcoin continues its downtrend, signs of a market bottom are beginning to emerge.  The report states that $BTC is trading below the Real Market Average Price (RPP) of $77,000, which is the average cost basis for actively traded cryptocurrencies, but the influx of new investors has lowered the cost basis for short-term holders to $71,400. However, the average daily loss has also increased to $205 million.  According to analysts, $BTC is currently facing resistance in the $66,800 to $70,700 range, but some buying pressure is being observed on Coinbase.  Finally, Glassnode stated that the recent decline was driven by the spot market, followed by the derivatives market, which triggered a large amount of long position liquidations. This, in turn, triggered the decline.  Analysts also noted that the concentration of long positions in the options market between $60,000 and $64,000

06-25

New research questions if Hal Finney was really Bitcoins second user

New forensic research published yesterday suggests that Hal Finney might not have been the second person to run a $BTC node.  For 17 years, the man who tweeted “Running bitcoin” earned an unofficial title. In the eyes of many Bitcoin historians, Finney was the second person after creator Satoshi Nakamo to run a Bitcoin node.  Indeed, thousands of articles credit Finney as Bitcoins second participant.  However, it turns out that he might actually have been the third.  Although it is an indisputable, on-chain fact that Finney earned the first coinbase reward after Nakamoto for mining a block, forensic researcher Alex Waltz argues that another man was running a mining-capable node before Finney.  According to Waltz‘s timestamps, although Dustin Trammellwas running a node before Finney, an idiosyncratic network connectivity issue in Bitcoin software prior to version 0.1.3 prevented Trammell from connecting to Nakamoto’s nodes fast enough to outpace Finney.  What everyone knows about Bitcoins Launch is wrong.  A new timeline of Finneys Bitcoin node  Waltz reconstructed a precise timeline of events during Bitcoins opening days.  Based on his analysis, and despite Trammell openly admitting that Finney mined a block before him, he believes that Trammell was running $BTC mining software first.  Unfortunately, Trammell hadnt remembered to flip on the software switch

06-25

House Democrats seek SEC answers on AI investment advisors

A group of Democratic US House lawmakers is questioning the US securities regulator over how it is overseeing investment advice and trading powered by artificial intelligence.  In a letter to SEC Chair Paul Atkins dated Tuesday, the lawmakers said that platforms offering AI trading agents to retail traders “raises serious questions for investor protection, broker-dealer responsibilities, market integrity, and the accountability of AI developers.”  “While such trading may initially be limited in scope, there are indications that agentic trading could expand to a broad range of additional products, including options, cryptocurrency, event contracts, and futures,” the lawmakers wrote.  AI agents have grown in popularity among crypto users as traders look to gain an edge in the always-on market, an idea that has spread to retail traders of traditional equities as they seek help with strategies.  Crypto exchange Coinbase is one of the latest major platforms to introduce such a tool, releasing an AI agent earlier this month integrated into its app, which it said is a Securities and Exchange Commission- and Commodity Futures Trading Commission-registered financial adviser that can give guidance on trades.  The letter, led by Bill Foster, the top Democrat on the House Financial Services Financial Institutions Subcommittee, and Brad Sherman, the top

06-25

SpaceX tokenized stock bets top $50M in liquidations as crypto leverage reaches Wall Street

SPCX has already turned SpaceXs post-debut volatility into a crypto-native liquidation event.  SpaceX-linked perpetual contracts exceeded $50 million in 48-hour liquidations as the underlying stock tested its $150 Nasdaq opening price, showing how quickly tokenized-stock exposure can shift from an access story to leveraged market plumbing.  SPCX perpetual liquidations ranked behind only Bitcoin and Ethereum in crypto derivatives liquidation volume at the time.  This raises a harder question: whether equity-linked wrappers can become forced-liquidation engines before the traditional market has finished determining the equitys value.  That distinction mattered over the last 48 hours because SpaceX traded below its $150 Nasdaq opening price following a major drawdown. That put every person who purchased the stock or opened a long position above its $135 IPO price at a loss.  It gave the tokenized market a clear stress point: the reference asset was struggling around its first public trading level, while the crypto wrapper was already triggering liquidations on a scale normally associated with major digital assets.  The wrapper carries the liquidation risk  SPCX-style products are better understood as derivatives plumbing around SpaceX-linked exposure than as ordinary shares moving on-chain.  These instruments are pre-IPO or equity perpetual products, with cash settlement, leverage, funding, and no ordinary share ownership.  Binance describes SPCXUSDT as

06-25

Coinbase Chooses Luxembourg as Its European Hub Under MiCA

Coinbase has officially designated Luxembourg as its primary European hub under the European Union‘s Markets in Crypto-Assets (MiCA) regulatory framework. From this base, the company intends to offer cryptocurrency services to clients across the EU, leveraging the bloc’s unified licensing regime.  Strategic Significance of Luxembourg  Luxembourg has long been a favored jurisdiction for financial services firms seeking regulatory clarity and stability. By selecting it as its EU hub, Coinbase gains access to a well-established regulatory environment that aligns with MiCAs requirements. The move allows the company to passport services across all 27 EU member states, streamlining compliance and reducing operational complexity.  Implications for EU Crypto Users  For European retail and institutional investors, Coinbase‘s decision signals increased commitment to the region. MiCA, which came into force in 2024, provides a comprehensive legal framework for crypto-asset service providers, including rules on consumer protection, market integrity, and stablecoin regulation. Coinbase’s Luxembourg hub ensures that its EU customers will benefit from these protections while accessing a broad range of crypto products.  Market and Regulatory Context  The selection of Luxembourg comes amid a broader trend of major crypto firms establishing regulated bases within the EU. Competitors such as Binance and Kraken have also secured licenses under MiCA, creating a competitive landscape

06-25

Does No One Want Bitcoin Anymore? Crypto In 'Desperate' Need For New Narrative, Says Commentator As Smart Money Sits 'On The Sidelines'

Cryptocurrency analyst Ali Martinez spotlighted a prolonged lull in institutional buying pressure for Bitcoin as the apex cryptocurrency hit a 20-month low on Wednesday.  Institutional Demand Dries Up  Martinez pointed to the 46-day negative streak in the Coinbase Premium Index, a CryptoQuant metric that measures the price gap of Bitcoin between Coinbase and offshore exchanges. It is a widely used barometer for U.S. institutional demand and overall market sentiment.  “A negative premium means $BTC is trading cheaper on Coinbase, suggesting that U.S. institutional buying pressure has dried up,” the analyst stated.  Martinez also highlighted the “cooling period” in spot exchange-traded fund flows. The Bitcoin ETFs have experienced six consecutive weeks of net outflows, according to data from SoSo Value, with $2.92 billion in redemptions this month alone.  “American smart money appears to be sitting on the sidelines, waiting for macroeconomic clarity before re-entering the accumulation phase,” Martinez added.  Is Bitcoin Headed Below $30,000?  Bitcoin on Wednesday—its first time since October 24—as the ongoing sell-off pushed the leading cryptocurrency more than 51% below its record high of $126,198.  The odds of Bitcoin falling below $30,000 in 2026 stood at 14% on Polymarket, while the chances of the asset sliding below $50,000 rose to 62%.  Does Crypto Need A New Narrative?  Bitcoins

06-25

Coinbase opens Luxembourg MiCA hub as EU deadline nears

Coinbase has established Luxembourg as its European crypto hub under the EUs Markets in Crypto-Assets framework, one year after securing a license from the Commission de Surveillance du Secteur Financier.  SummaryCoinbases Luxembourg hub now gives it a single MiCA route to serve users across Europe.Ripples recent CASP approval now keeps Luxembourg central to regulated crypto payments growth in Europe.Binances Greece setback shows MiCA access may split licensed exchanges from slower rivals across Europe.  The company used its latest office opening to confirm Luxembourg as its MiCA home for all 27 EU member states. The setup allows Coinbase Luxembourg S.A. to offer crypto-asset services across the EEA through passporting.  “Luxembourg is officially our MiCA home,” Coinbase said on X.  The exchange said it plans to welcome users from across the EU under one licensing base. It has also pointed to Luxembourgs financial sector, blockchain laws, and clear oversight as reasons for the move.  Luxembourg is officially our MiCA home ????????  You might also like:  Coinbase CEO says broken finance is pushing users to crypto  MiCA passport widens market access  Coinbase secured its MiCA license from the CSSF in June 2025. As crypto.news reported, the license lets the exchange expand services to customers across all 27 EU member states. Coinbase had

06-25

Coinbase CEO says broken finance is pushing users to crypto

Coinbase CEO Brian Armstrong said crypto has become a bipartisan issue in Washington as voters and lawmakers question the current financial system.  SummaryArmstrong frames crypto as financial access as Coinbase expands products through acquisitions and regulated derivatives.Deribit gives Coinbase a broader trading stack as more acquisition targets remain under review globally.The remarks place policy, stablecoin rewards, and mergers at the center of Coinbases growth strategy.  In a POLITICO interview, he said “theres something like 80% of Americans” who feel the system is not working for them.  Armstrong cited fees, slow payments, and unequal access as reasons for public frustration. He said crypto can act as a “democratizing force” by giving more people access to financial services.  You might also like:  Top Chinese Bitcoin miner sees BTC bottom at $42k-$44k in late 2026  The Coinbase chief said support for crypto now cuts across party lines. He said Democrats often view the industry through access and inclusion, while Republicans focus on national security, dollar strength, and keeping financial innovation in the United States.  He also defended stablecoin rewards and said banks should compete if customers can earn more on digital dollars. His comments came during a wider debate over crypto bills, banking rules, and the role of private companies

06-25

HYPE whales pull $23mln from exchanges – Next targets $66 and…

Large holders increased their exposure to $HYPE as the token traded near the key $60 support area.  According to Lookonchain, a newly created wallet withdrew 278,827 $HYPE worth approximately $17.45 million from Coinbase Prime.  Shortly afterward, wallet 0x2386 returned after a month-long pause and removed another 96,930 $HYPE valued at roughly $6.01 million from BitGo.  Together, the transactions accounted for more than 375,000 $HYPE and over $23 million in withdrawals.  Rather than moving tokens onto exchanges, both wallets transferred assets into private custody.  This behavior reduced the immediately available supply and highlighted growing conviction among larger market participants.  The timing also attracted attention because the accumulation occurred while Hyperliquid [$HYPE] traded directly above one of its most important technical support zones.  $HYPE retail activity remained muted despite whale demand   Retail participation remained subdued even as whale activity accelerated.  The retail activity through Trading Frequency metric continued signaling “Few Retail,” indicating that smaller traders had not entered the market aggressively despite the sizeable withdrawals.  That divergence suggested larger investors drove recent positioning around $HYPE.  Unlike rallies fueled by widespread speculative demand, the current structure reflected accumulation from a relatively small group of market participants.  In addition, the lack of retail involvement indicated that market conditions had not reached euphoric levels.  Although muted retail

06-25
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