El Salvador has launched Sivar, a national remittance and payments app built by Modveon on Coinbase's Base network, settling transfers from the US in stablecoins. The move represents a shift toward stablecoins for everyday payments, separate from the country's Bitcoin experiment.
Onchain prediction market protocol Trueo announced it will move its primary deployment from Base Layer 2 to Ethereum mainnet, citing greater integration potential and network effects. Ethereum co-founder Vitalik Buterin welcomed the move, praising Trueo as an 'ethical' market contender.
Ethereum and Coinbase-backed Base have stopped collaborating on unified account abstraction proposals and will pursue separate standards. Ethlabs researcher Derek Chiang confirmed the breakdown in coordination efforts on September 14.
Coinbase is reverting its self-custodial app's name from Base App back to Coinbase Wallet approximately 14 months after the initial rebrand, acknowledging that its attempt to create a crypto social network failed to gain traction. The company is now shifting the app's focus toward trading and broader multichain functionality.
Hunter Biden confirmed plans to launch a memecoin called LAPTOP on Coinbase's Base network on September 9, with 200 million tokens reserved for airdrops to TRUMP coin holders sitting on losses. Founders retain 30% of supply.
Applications on the two-month-old Robinhood Chain generated $2.66 million in 24-hour revenue, ranking second behind Solana and surpassing Ethereum, Base and other established networks. The network processed a record 5.52 million transactions driven primarily by memecoin launchpad activity.
A bridge configuration flaw on Base and BNB Smart Chain allowed attackers to hijack LayerZero delegate permissions, mint trillions of phantom SAND tokens, and drain approximately $675,000 from the Ethereum vault.
DeFi lending protocol Moonwell suffered an $8.7 million exploit after an attacker manipulated the price of MAMO token to borrow real assets against inflated collateral, prompting the protocol to set borrow caps to 1 wei across Base markets.
Bitwise Asset Management launched Automated Token Portfolios (ATPs) on Base, allowing eligible non-U.S. investors to hold self-custodied portfolios of Coinbase-issued tokenized U.S. stocks. The first active strategy, Mag7X, includes four tokenized stocks from the Magnificent 7 companies.
The Sandbox contained a vulnerability in its SAND cross-chain bridge on Base and BNB Smart Chain after an attacker minted approximately 500 million unbacked tokens. The project stated the impact was under $1 million, though the full extent of damage remains unclear.
Industry leaders warn that AI agents could enable crypto hacks far exceeding today's billion-dollar breaches, even as adoption accelerates with Coinbase's x402 protocol processing 14 million AI agent payments over the past month, primarily in USDC on Base and Polygon networks.
Moonbeam froze all GLMR token transactions at 23:59 UTC on July 31, 2026, as part of its migration to relaunch on the Base network. Users who missed the migration window are being instructed to contact support via email.
Robinhood's Ethereum Layer-2 blockchain, launched July 1, 2026, has generated over $2 million in cumulative revenue and surpassed Coinbase's Base in daily active users, though on-chain data shows more than 80% of its $9 billion trading volume comes from memecoin speculation rather than its intended focus on tokenized stocks.
LayerZero Labs and Keeta announced a partnership to make tokenized commercial bank money natively transferable across Ethereum, Solana, Base, and the Keeta Network. Keeta Stablecoins will be backed by commercial bank deposits held through Bivo, a U.S.-licensed financial technology platform, and are scheduled to become available later in July 2026 in nine currencies.
Mubadala Capital, the asset management arm of Abu Dhabi's $385 billion sovereign wealth fund, has launched a tokenized version of one of its private markets investment strategies on multiple blockchains including Solana, Sui, and Base, with Coinbase taking exposure in the fund through a partnership with Abu Dhabi FinTech firm Kaio.
Coinbase has introduced three offerings that enable businesses to accept payments from AI agents, expand agent-assisted crypto trading and help developers integrate x402 payments. The company also said agent traffic exceeded human traffic on Base documentation pages for the first time.
Ring Protocol has integrated Orbs-powered infrastructure to support decentralized limit and TWAP orders across Ethereum, Base, Arbitrum, and BNB Chain, bringing advanced trading features typically found on centralized exchanges to decentralized platforms.
Chainlink has extended its Proof of Reserve oracle service to provide onchain reserve data across Ethereum, Base, Monad, and Ink networks, as the crypto industry continues emphasizing asset verification following the 2022 FTX collapse.
Jordan Fish (Cobie), a Coinbase product executive, publicly acknowledged that the company and its Base blockchain platform have become too distant from crypto-native users and eroded community trust through preventable errors. The admission comes amid growing criticism and leadership changes at the company.
Coinbase executive Jesse Pollak handed Base app leadership to trader 'Cobie' after publicly acknowledging the network's push into on-chain social and creator coins 'was wrong,' refocusing Base on becoming 'the blockchain for global finance.'
Attackers exploited a vulnerable third-party SquidRouterModule contract to drain approximately $3.2 million from 86 Gnosis Safe wallets on Base and Ethereum networks in under two hours. The exploit targeted a third-party module rather than the core Safe protocol.
DeFi perpetual futures protocol Wasabi Protocol was drained of over $5 million across Ethereum, Base, Berachain, and Blast after attackers compromised an admin key to upgrade contracts and extract funds. Security firms PeckShield, Blockaid, and CertiK confirmed the exploit.
Coinbase's x402 agentic AI payments protocol moved to neutral governance under the Linux Foundation on April 2, 2026, with backing from major tech companies including Google, Stripe, AWS, and Cloudflare. The protocol enables embedded payments in web interactions and AI agent commerce.
