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

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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 delay,” according to Base’s incident status … Read more

XRP Futures Volume on Kraken Eclipses Sol for 1st Time as Price Soars to Record

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XRP (XRP) perpetual futures listed on the U.S.-based Kraken exchange have become more popular than their sol (SOL) counterparts for the first time. Trading volumes on Kraken-listed XRP perpetuals have topped $3.48 billion this month, outpacing the Solana token's tally of $3.23 billion, Kraken told CoinDesk. The exchange listed the XRP perpetual futures in 2022. … Read more