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-minute block production halt due to a sequencer failover issue, highlighting operational risks in layer-2 rollup networks. Jito Labs has proposed a new governance plan to decentralize the network by routing fees to the Jito DAO treasury, reducing Jito Labs' influence. Additionally, Cardano's core development team has secured a $71 million treasury allocation for 12 months of network upgrades, focusing on scaling products and re-architecting the Cardano node.