Brian Armstrong: Base is emerging as the hub for on‑chain finance
Coinbase CEO Brian Armstrong said Base now hosts $7.49B in supplied assets and $2.65B borrowed, positioning it as core financial infrastructure.
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COINMAG stories about Base, newest first, with key facts and answers to common questions.
Coinbase CEO Brian Armstrong said Base now hosts $7.49B in supplied assets and $2.65B borrowed, positioning it as core financial infrastructure.
Coinbase’s Base network retired its Flashblocks data streams in the Nov. 5 Denim upgrade, requiring developers to switch to canonical block subscriptions for reliable data.
Coinbase now allows users to borrow USDC against Paxos’ gold‑backed PAXG token on its Base L2, with collateral pricing paused during gold market closures.
Coinbase CEO Brian Armstrong said tokenized stocks democratize access and may enable novel utility, and announced a competition hosted by Base.
A flaw in Paradigm's Reth client that miscalculates state roots led to coordinated emergency updates across major Ethereum layer‑2 networks on Nov. 5.
Base’s Denim upgrade went live Thursday, cutting block intervals from two seconds to 0.2 seconds and reshaping timing‑dependent contracts.
Base confirmed that a recent state‑root bug in the Reth execution client did not affect its users and released a node update to eliminate the risk.
Agents Game announced a 24‑hour qualifier on Nov 11, offering whitelist spots for a Dutch auction of 128 on‑chain AI agents and a share of 36.8 M $EHI prizes.
The open‑source x402 standard lets AI agents and apps settle micro‑payments in stablecoins via HTTP 402 responses, with backing from Visa, Mastercard and Google.
A Moonwell contributor has formally asked the protocol and risk provider Anthias Labs for a remediation plan after the Base cbBTC market was left with only $1.72 in withdrawable cash following the August MAMO exploit.
Horizen is ending its layer-three network, requiring users to move assets to Base before a November 4 cutoff. USDC.e is excluded from the final recovery process.
Coinbase confirmed RLUSD is now available on its Prime, Exchange and consumer apps, supporting XRP Ledger, Base and Ethereum, while Ripple’s CEO stresses XRP remains the priority.