Coindesk

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 page. That is a technical fault disrupting the network's ability to confirm and produce blocks. The team responded at 6:43 UTC that it was investigating the stoppage, and just a minute later reported the issue had been identified and resolved, with monitoring put in place to ensure no further complications emerged.Though brief, the outage is significant given Base's prior record of uninterrupted uptime and its growing...

Litecoin (LTC) rose by more than 11% in the past 24 hours, edging above $123, marking one of the sharpest large-cap rallies this week as traders rotated into legacy altcoins amid improving sentiment and fresh ETF chatter.The move, which made LTC as the largest weekly gainer among the top hundred tokens, comes as a mix of structural adoption and regulatory tailwinds.In July, litecoin accounted for 14.5% of all crypto payments on CoinGate, the firm said in an X post, leapfrogging stablecoins like USDT and USDC and second only to bitcoin (BTC).As such, speculation over a spot ETF continues to build despite the SEC delaying its decision on Grayscale’s application until October.Bloomberg analysts pegged the odds of eventual approval at 90%...

The bitcoin (BTC) bull, once confidently gazing into the future, is reconsidering its long-term bullish conviction.That's evident from the 180-day skew, measuring the difference in implied volatility (pricing) between Deribit-listed out-of-the-money call and put options. The metric has recently retreated to zero, according to data source Amberdata, indicating that long-term market sentiment has shifted from bullish to neutral. The shift comes as some analysts warn of a bear market in 2026.A similar reset occurred at the onset of the previous bitcoin bear market, according to Griffin Ardern, head of options trading and research at crypto financial platform BloFin."I've noticed a rather worrying sign with the recent market pullback. Bitcoin's bullish sentiment for the far-month options has vanished, and it is...

XRP surged to $3.05 during a volatile 24-hour period, posting a 4.45% gain from $2.92 as traders reacted to unprecedented minute-level volumes and whale liquidations. A $33 million spike in volume was recorded within a single minute, marking one of the largest such spikes for the token.Despite technical resistance at $3.09 and short-term sell signals flashing, machine-learning forecasts continue to target upside toward $3.12 by month-end.What to KnowXRP rallied from $2.92 to $3.05 between 3 August 21:00 and 4 August 20:00, gaining 4.45% with a trading range of $0.18 (6% spread).The $3.00 psychological level was breached during the 13:00–14:00 session on extreme volume, peaking at 151.97 million trades.Institutional trading triggered $2.10 billion in sell flows, even as leveraged long positions...

Justin Sun boldly went where few men have gone before and after coming back from a brief trip to space the Tron founder has brought with him some cosmic ambitions for the ecosystem.“Going to space has always been a dream of mine since I was a little kid,” Sun told CoinDesk in an interview after flying aboard Blue Origin’s NS-34 mission on August 3. “We are at the start of a new chapter in exploration, where space is becoming more open and accessible, not just for governments or large institutions,” he said.Sun secured his seat aboard Blue Origin in 2021 with a $28 million winning bid during a public auction. At the time, his identity was kept secret. He later...