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Coinbase Base L2 Experiences Two-Hour Outage Following Consensus Failure

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Coinbase’s Ethereum layer-2 network, Base, was taken offline for approximately two hours on Thursday after an invalid block disrupted its sequencing process and triggered a consensus failure. The outage halted all block production on the mainnet, temporarily freezing transaction processing across the network.

The disruption began at 16:03 UTC on June 25, when the network’s official status page began reporting that mainnet block production had degraded to an unhealthy state. The Base engineering team publicly acknowledged the halt roughly 40 minutes later, confirming on X that “Base Mainnet is currently halted while the team works on an issue with block production” and stating that all user funds remained secure.

The engineering team identified the root cause shortly after the initial announcement. According to updates published on the incident log, a consensus fault allowed an invalid block to enter Base’s sequencing pipeline immediately after block 47806542. The malformed block prevented the sequencer from constructing valid subsequent blocks, effectively stalling chain progression until the team intervened.

Base operates with a single centralized sequencer managed by Coinbase. While this architecture prioritizes transaction throughput, it does not include an automatic failover mechanism for consensus errors. When the sequencer encountered the fault, network activity stalled completely until engineers isolated the invalid block and cleared the sequencing pipeline. Internal recovery was achieved around 17:21 UTC, but the team advised ecosystem node operators to restart and resync their infrastructure to properly propagate blocks across the network.

Two hours after the initial disruption, Base confirmed widespread recovery across its decentralized application and node ecosystem. The available incident report did not specify the exact technical trigger behind the invalid block, and the precise scope of the consensus fault remains under review by the network engineers. Block production and transaction processing have since normalized, with dependent services completing synchronization following the outage window.

The post Coinbase Base L2 Experiences Two-Hour Outage Following Consensus Failure appeared first on The Cryptocurrency Post.

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Noos sets September 5 mainnet launch as it moves AI agent infrastructure on-chain

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Noos said its mainnet will go live at 00:00 UTC on September 5, 2026, marking the project’s shift from testnet operation to an on-chain environment for AI agent execution, collaboration, verification and value settlement.

The announcement was published on Noos’ official blog, which described the launch as a step toward the AI agent economy rather than a simple network transition. The post said the project has spent 159 days building on testnet ahead of mainnet.

In a separate post on Noos’ official X account, the team said the move will bring those functions fully on-chain once mainnet opens. The same materials say Noos has been working across ecosystem partners, nodes, users and communities ahead of launch.

Testnet phase set the backdrop for launch

Noos said its testnet began on March 20, 2026 and continued for 159 days. During that period, the project said it completed phased testing of core infrastructure that includes AI Agents, AI Skills, Genesis AIDs and the IVN validation network.

The project also said its testnet phase involved more than 50 ecosystem partners, 700+ global KOLs, 3,500+ globally distributed computing nodes and 5,000 on-chain Genesis AIDs. Those figures were presented by Noos as part of the foundation for the mainnet rollout.

According to the announcement, mainnet is expected to move the network beyond infrastructure validation and into “real usage, execution, collaboration, and value.”

Noos frames the launch around the AI agent economy, a concept it says requires computing power, agent skills, verification, payments, data, smart hardware and vertical applications to work together. The company’s message indicates the mainnet is intended to connect those pieces in a live on-chain environment, though the announcement does not add further operational details beyond the launch timing and broader network goals.

The post Noos sets September 5 mainnet launch as it moves AI agent infrastructure on-chain appeared first on The Cryptocurrency Post.

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Algorand launches AC2 to let AI agents request user approvals without exposing private keys

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Algorand Foundation has launched AC2, an open protocol designed to make AI agent approvals more secure by keeping private keys under the user’s control. In the foundation’s public announcement, AC2 is described as a standard for direct, encrypted communication between users and AI agents that lets agents request signing actions without handing over wallet access.

The launch centers on a familiar problem in AI-driven workflows: agents may need to sign payments, code commits or other digital actions on a user’s behalf, but the surrounding messaging tools do not provide cryptographic verification or scoped approval. Algorand says AC2 is meant to close that gap by allowing the user to review and approve each requested action through their own wallet interface.

How AC2 is described to work

According to the foundation, AC2 establishes an end-to-end encrypted WebRTC connection between a user’s wallet or app and an AI agent. When the agent needs authorization for an action such as a payment, git commit or API request, it sends a signing request through AC2. The user then approves the action directly, while the private key remains with the user.

The announcement also says the protocol is blockchain-agnostic and open source, with both the specification and a reference implementation now available. Algorand framed AC2 as a way to support broader “agentic” workflows without requiring users to surrender full control of their accounts.

The foundation said the protocol can be extended for different message types and signing formats, which it says would make it usable in settings where agents need limited, user-approved authority rather than unrestricted access.

For now, the launch is best understood as a security and communications layer for AI agents rather than evidence that AI payments or agent-driven commerce are already widespread. The key change is narrower but concrete: users are meant to approve exactly what an agent can sign, instead of relying on chat-based instructions that can be easier to spoof or misread.

The post Algorand launches AC2 to let AI agents request user approvals without exposing private keys appeared first on The Cryptocurrency Post.

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Token Terminal data shows AI agents driving 73 million stablecoin transfers in 180 days

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Token Terminal’s agentic payments explorer shows AI agents initiating 73.0 million stablecoin transfers over the past 180 days, with USDC accounting for virtually all of the activity.

The explorer data also points to a concentration of transfers on a small number of networks. Base led with 38.7 million transfers, while Polygon followed with 26.1 million, according to Token Terminal.

The figures describe transfer activity initiated by AI agents, not a broader measure of stablecoin adoption across the market. The available data also does not by itself explain who the agents were, what applications they were using or whether the transfers reflect sustained operational usage beyond the measured period.

Still, the numbers offer a concrete snapshot of how agent-driven payments are appearing in onchain data. In this case, the activity is largely tied to USDC and concentrated on Base and Polygon, which makes the breakdown more specific than a generic claim about AI and crypto payments.

The post Token Terminal data shows AI agents driving 73 million stablecoin transfers in 180 days appeared first on The Cryptocurrency Post.

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