Base · 2642

Bonk Guy: Major public chains are fully competing for retail investors, liquidity, and users. The on-chain market may explode in this round

Comparing news, crypto KOL “Bonk Guy” Unipcs wrote that the market may have seriously underestimated the scale of development of the on-chain market in this round. Currently, Robinhood, BNB Chain, Base, and Solana are all vying for retail market, liquidity, users, and attention. Unipcs believes that all major ecosystems hope to become the leading chain in this cycle and are willing to invest significant resources to promote ecological growth. It is expected that competition and activity in the on-chain market will further heat up.

1h ago

The Sandbox confirms SAND cross-chain bridge vulnerability: Base and BSC networks are affected, and cross-chain functionality has been suspended

Comparing news, The Sandbox officially stated that the team has confirmed and fully controlled the recent SAND cross-chain bridge vulnerability incident involving the Base and BNB Smart Chain (BSC) networks. Officials say the impact of this incident was limited, involving less than 0.01% of SAND's total supply of tokens. SAND on Ethereum (Ethereum) and Polygon is unaffected, user wallets have not been compromised, and relevant coin holders and liquidity providers are not required to take action. According to reports, attackers have minted unsecured SAND tokens on the Base and BSC networks through exploits. Currently, The Sandbox has shut down the SAND cross-chain feature of the two networks, and SAND on Base and BSC have been isolated and cannot be transferred or exchanged for the time being. The Sandbox reminds users not to buy, sell, or trade SAND on the Base and BSC networks as liquidity on these networks has been affected. The team said it has completed a pre-incident snapshot and is formulating a compensation plan for affected liquidity pool (LP) users, while continuing to investigate the scope of impact of the vulnerability. A full incident report and technical review will be released later.

8h ago

Base App is suspected to have taken down Base Co-Creation Jesse

Comparative news. According to market news, Base App's official tweet is suspected to have taken advantage of Jesse, a number of cryptographic users posted screenshots of the robot and sparked discussion. This happened after Jesse's strategy changed in mid-July. At the time, Jesse publicly acknowledged that Base had failed to bet on on-chain social networking and creators' tokens, and handed over the leadership of the Base App to Coinbase, which was taken over by Cobie (Jordan Fish), and focused on building the Base Chain himself to promote it as a global financial blockchain. Since then, Base App has further moved towards a transaction-first, multi-chain direction.

9h ago

Upbit warns of SAND transaction risks: suspected cybersecurity incident, reminding users to trade with caution

Comparing news, Upbit issued an announcement stating that it has discovered signs of suspected security issues on The Sandbox (SAND) network, so users are reminded to be aware of transaction risks. Upbit said that due to the suspected security incident on the SAND network in 2026, the market may experience increased price fluctuations as a result. The exchange advises users holding SAND assets to pay close attention to relevant developments and conduct trading operations with caution. Currently, Upbit has not disclosed the details of the attack or the scale of the loss; it only provides relevant on-chain transaction addresses for users to inquire. Earlier today, The Sandbox's native token SAND on the Base network is suspected to have experienced a serious security breach. Attackers have obtained permission to mint tokens and can arbitrarily issue additional SAND tokens.

12h ago

SAND is suspected to have experienced an infinite minting vulnerability, and attackers have minted over 500 million tokens

Comparatively, according to market news, The Sandbox's native token SAND on the Base network is suspected to have had a serious security flaw. Attackers have obtained permission to mint tokens and can arbitrarily issue additional SAND tokens. According to on-chain data, the vulnerability incident has now minted more than 500 million pieces of SAND, and the attack continues. The market is concerned that a large amount of new supply may impact the price of SAND. Currently, The Sandbox has yet to release an official response to this incident, and the cause of the vulnerability, the source of the attackers' permissions, and the whereabouts of the new tokens are yet to be further confirmed. Infinite Mint Attack (Infinite Mint Attack) is usually caused by smart contract permission control flaws or minting logic flaws. Attackers can bypass restrictions to generate large numbers of tokens, which in turn causes supply loss of control and market value dilution.

13h ago

Coinbase adds CP, BASECAT, DRB, POD, and GRASS to the listing roadmap

According to the official website of Coinbase, Coinbase updated its asset listing roadmap, adding Cluster Protocol (CP), Basecat (BASECAT), DebtRelievBot (DRB), Dolphin (POD), and Grass (GRASS). Among them, CP, BASECAT, DRB, and POD are base chain assets, and GRASS is Solana network assets. Coinbase said that inclusion in the roadmap does not mean that trading has been officially opened; the relevant assets must meet conditions such as market-making support and technical infrastructure before starting the transaction.

15h ago

Arbitrum: Activate the Elara upgrade to provide optional compliance screening and priority fee functions for the dedicated chain

Comparatively, according to The Defiant, Arbitrum activated the ARBos 61 Elara upgrade on August 20, adding optional protocol-level transaction screening, priority fee support, and alternative data availability interfaces to the dedicated chain, and adjusted Arbitrum One's basic fee management and expanded Stylus contract capacity. The compliance screening function is disabled by default. Chain owners are required to actively configure an external compliance service provider (such as TRM Labs or Chainalysis) and set rules to double execute through simulated transactions and on-chain protection mechanisms. The priority fee function is also disabled by default and requires the chain owner to enable it through pre-compilation. Priority fee collection on Arbitrum One still requires a separate DAO vote. Elara also introduced the BaseFEeManager contract, which allows Offchain Labs to adjust the base fee within 0.01 to 0.1 gwei approved by the DAO, which is valid for two years. Stylus contract code size limit increased from 24KB to 96KB, not applicable to Solidity contracts.

1d ago

Coinbase introduces perpetual contracts to the Base App via Hyperliquid, supporting up to 50x leverage

In comparison, Coinbase announced the introduction of perpetual contract trading into the Base App through Hyperliquid. Eligible users can trade more than 290 perpetual contract markets, supporting up to 50x leverage, covering Bitcoin, Ethereum, and markets related to stocks and commodities. Chintan Turakhia, head of engineering at Coinbase, said that currently perpetual contracts account for about 75% of the total trading volume in the crypto market, and are also the most desired feature for high-frequency users of the Base App. The relevant transactions will be completed within the Base App, but Hyperliquid is responsible for actual execution, and users don't need to leave their existing wallets. Coinbase said that different assets have different maximum leverage ratios, and positions may be liquidated when losses exceed a certain threshold. The product is currently not open to the US, UK, Canada, and other jurisdictions that restrict leveraged crypto derivatives trading. This launch also reflects that Base App's product focus is shifting from its previous emphasis on social and creator features to transactions, payments, and AI agents. Base founder Jesse Pollak previously acknowledged that social and creator tokens did not bring the expected user growth, while predictive markets, perpetual contracts, and stablecoins have instead become stronger drivers of adoption.

2d ago

Ant Group's three independent divisions have launched external financing one after another, and the “AI takes charge, financial support” strategy has taken shape

Comparing news, Ant Group's three independent divisions, Ant International, OceanBase, and Ant Mathematics, have recently intensively initiated external financing. Among them, Ant International completed Series A financing of about 1.2 billion US dollars in July, OceanBase is seeking Series A financing of about 2 billion to 3 billion yuan, and Ant Digital is preparing a pre-IPO round of financing. All three companies operated independently in March 2024. People close to Ant said that this round of financing is more of a phased test of the effectiveness of the three companies' independent operations, and has not yet entered the preparation stage for listing. OceanBase's annualized revenue has exceeded 1.4 billion yuan, an increase of about 70% over the previous year; Ant Math's revenue for 2025 is about 5 billion yuan, and the target for 2026 is about 8 billion yuan. Ant International's 2025 revenue was approximately $3.75 billion. Since 2023, Ant Group has invested nearly 80 billion yuan in technology. The strategic focus has shifted from fintech to AI and data elements. The financial business is internally dubbed the department that “earns living expenses” for the AI business. Currently, Ant's overall valuation is about 592 billion yuan, down more than 70% from 2.1 trillion yuan on the eve of the 2020 IPO. Judging by the market, a spin-off listing is a more realistic path than the group's overall listing, but each sector still needs to prove its ability to acquire customers independently to open the capital market.

3d ago