Base says same sequencer bug caused June 25 and 26 outages

Loopring will distribute funds directly to users and cover transaction fees. Users do not need to take any action.

The 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter timeframe, provided that the risks associated with the transaction are mitigated. Central Bank of Brazil Proposes Holding Stablecoin Remittances For Screening Purposes The Central Bank […]

The same streak follows the Ethereum ETFs as mass withdrawals continue to dominate.

Frequent outages on Base highlight the risks of centralized sequencers, potentially undermining trust in its network reliability and future upgrades. The post Base halts block production for second time in 24 hours before B20 Registry launch appeared first on Crypto Briefing.

Base stalled block production for a second time in less than 24 hours on Friday morning, describing the incident as showing 'similar symptoms' to Thursday's roughly two-hour outage, with the event arriving less than three hours before the B20 Activation Registry was anticipated to go live.

Sophon is decommissioning its zkSync-based Layer 2 chain and pivoting to Soph+, a consumer product studio building exclusively on Base. The shutdown caps a chain that raised $60 million through node sales but attracted fewer than 200 daily users and generated roughly $30 in daily fees.

Coinbase-incubated Layer 2 Base stalled block production for about two hours Thursday after an invalid block triggered a consensus fault, before the network recovered. The outage renewed scrutiny of single-sequencer risk on major rollups.

Base has delayed its Beryl mainnet upgrade by one day to ensure the B20 Activation Registry is fully operational before the hard fork goes live. Base announced that Beryl will now activate on mainnet on June 26 at 18:00 UTC…