Coinbase's Base Network Faces Two Block Production Outages
- Block Production Outages: On June 25 and 26, 2026, Coinbase's Base network experienced block production outages lasting 116 minutes and 20 minutes respectively due to a stale journal state bug in its block-building logic, halting transactions and impacting user on-chain activities.
- Root Cause Analysis: The official postmortem revealed that the first outage was caused by a sequencer block-building bug that allowed stale internal state to persist after a transaction validation failure, leading to an invalid state transition that halted production at block 47806542.
- Recurring Failure Impact: The second outage was tied to a race condition in the engine reset feature, which prevented sequencers from catching up after restart, further prolonging recovery time and highlighting the vulnerabilities of the single-sequencer architecture.
- Safety and Reliability Challenges: While all user funds remained safe, the consecutive outages on a network securing $10.95 billion in total value represent a significant operational event, underscoring broader reliability challenges facing Ethereum layer-2 networks.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0249 | 0.0286 | 0.032 | 0.0356 | 0.039 | 0.0427 | 0.0461 |
| Fibonacci | 0.0286 | 0.0312 | 0.0329 | 0.0356 | 0.0383 | 0.04 | 0.0427 |
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