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Solana's Mobile Device for Crypto Enthusiasts Starts Shipping
Welcome to our weekly cryptocurrency tech development roundup. This issue features network news, including the launch of Solana's Seeker phone, designed specifically for active Solana users. The device boasts improved user experience, mobile-first crypto usability, and a $500 price point, with 150,000 pre-orders from over 50 countries. In other news, Coinbase's Base network experienced a 33-minut…
Aug. 6, 2025, 5:34 p.m.
Tech
Solana's Seeker Phone Revolutionizes Crypto Experience with Enhanced Usability
The Solana Seeker phone is a game-changer in the world of crypto, offering a unique blend of usability and security. Unlike its predecessor, the Saga, the Seeker has been reimagined to provide a seamless user experience, with a focus on streamlining transactions and making crypto more accessible on-the-go. Weighing in at a lower price point of $500, the Seeker is poised to bring the Solana ecosys…
Aug. 6, 2025, 1 p.m.
Tech
Base Network Experiences 33-Minute Block Production Halt Due to Sequencer Failure
According to a post-mortem report, the Base network, developed by Coinbase, experienced a 33-minute block production halt on August 5 due to a sequencer failover that did not recover as expected. The issue began when the active sequencer fell behind schedule due to congestion from on-chain activity at 06:07 UTC. Although the Conductor module, a core component of the OP Stack designed to maintain …
Aug. 6, 2025, 7:35 a.m.
Tech
Coinbase Expands Development Platform with Embedded Wallets for Seamless Web3 Integration
Coinbase has launched a new tool within its Coinbase Developer Platform, allowing developers to seamlessly integrate self-custodial wallets into their applications. The Embedded Wallets software development kit (SDK) offers a range of built-in features, including cryptocurrency onramps, token swaps, and an annual return of 4.1% on USDC balances, effectively eliminating the trade-off between user …
Aug. 5, 2025, 4 p.m.
Tech
Solana's Jito Proposes Redirecting All Block Engine Fees to DAO Treasury
A governance proposal, JIP-24, has been introduced by Jito Labs to further decentralize the network by channeling all Block Engine and Block Assembly Marketplace fees to the Jito DAO treasury. If approved, the DAO would take control of protocol revenue streams, directing them to the network's tokenholders, thus diminishing Jito Labs' influence over the network and increasing the role of a DAO sub…
Aug. 5, 2025, 1:51 p.m.
Tech
Cardano Community Greenlights $70 Million Budget for Core Development, Enhancing ADA's Prospects
Following an extended governance vote marked by concerns over transparency, accountability, and expenditure, Input Output Global (IOG), Cardano's core development team, has secured approval for a $71 million treasury allocation to support 12 months of network upgrades. The proposal garnered 74% of the vote, authorizing the disbursement of 96 million ADA, equivalent to approximately 13% of the pro…
Aug. 4, 2025, 7:36 a.m.
Tech
Coinbase's Base App Surpasses Solana in Daily Token Creation as Zora's 'SocialFi' Boom Takes Off
Coinbase's Ethereum Layer 2 network, Base, has surpassed Solana in daily token creation, driven largely by the rising on-chain social network Zora, where posts become financial assets. This shift follows Coinbase's rebranding of the Base App as a gateway for on-chain social finance. The app now integrates social feeds with token minting, enabling users to create tokens directly from their posts, …
Aug. 3, 2025, 6 p.m.
Tech
$3.5 Billion Bitcoin Heist at LuBian Went Unnoticed for Almost Five Years, According to Arkham
New findings from Arkham Intelligence suggest that a crypto wallet linked to a relatively unknown Chinese mining pool may have fallen victim to the largest recorded bitcoin theft. In a recent thread, the on-chain analytics firm revealed that it discovered evidence of the theft of 127,426 BTC, valued at $3.5 billion at the time, from LuBian Mining Pool in late December 2020. The breach was never p…
Aug. 2, 2025, 9:02 p.m.
Tech
Justin Drake Introduces Ethereum's Streamlined Roadmap to Counter Quantum Risks
Justin Drake, a researcher at the Ethereum Foundation, has unveiled a novel framework for the network's long-term growth, dubbed Lean Ethereum. This initiative focuses on simplifying the protocol's architecture while bolstering its defenses against the potential security risks posed by future quantum computing technologies. Published on the Ethereum Foundation blog, the Lean Ethereum roadmap unde…
July 31, 2025, 7:40 p.m.
Tech
Helium Plus Simplifies Business Participation in Solana DePIN Project via Wi-Fi
Helium, a prominent DePIN project on Solana, has unveiled Helium Plus, a groundbreaking service designed to revolutionize business contributions to the Helium Network. This innovative solution enables public Wi-Fi providers and businesses to seamlessly integrate into the network using their existing Wi-Fi routers, requiring no additional hardware. As a result, users and businesses can earn the ne…
July 31, 2025, 4 p.m.