Blast to shut down as Paradigm-backed Ethereum L2 says costs exceed revenue
The L2, once valued at $2.3 billion, is winding down after its economics failed to cover operating costs.
The Block · +10 outlets
SEC proposes framework letting investment advisers and funds self-custody crypto
The proposal would ease custody rules that currently push advisers toward qualified third-party custodians.
The Block · +14 outlets
Bitcoin nears highest level since January as $85,000 sell wall clears on weak US jobs data
Softer US employment data pushed bond yields lower, which traders read as a supportive macro backdrop for risk assets.
The Block · +14 outlets
Tether's $190B USDT stablecoin returns to the Bitcoin network this month
USDT is coming back to Bitcoin via private payments about a decade after leaving the network, raising questions about Tether's ability to freeze balances.
finance.yahoo · +9 outlets
NEAR Intents halts services after $3.8M exploit, says hacker identified and offers 48-hour ultimatum
The protocol promised full compensation to affected users after halting services; the incident came days after it denied links to a North Korea-associated Bitge
The Block · +13 outlets
Spot bitcoin ETFs log $2.7B September inflows, but 9-day $3.1B streak ends with $149M exit
September inflows show institutional demand holding even as daily flows turned negative at the start of October.
The Block · +1 outlets
Circle pushes back on MiCA bank-deposit mandate for stablecoin reserves
Circle and the Hyperliquid Policy Center are pressing EU lawmakers on stablecoin reserve rules and perps treatment during the MiCA review.
Decrypt News · +10 outlets
TRON surpasses $30 trillion in total transaction volume as stablecoin activity expands
Stablecoin supply across chains has topped $300 billion, with TRON citing its role as a leading settlement chain for dollar tokens.
Traders Union · +6 outlets
Ethereum Foundation launches zkAPI on mainnet for private payments to AI models
The tool lets users pay for API access without revealing their identity, applying zero-knowledge proofs to AI billing.
ct.com · +14 outlets
Anchorage Digital lays off 17% of staff
The federally chartered crypto bank cited a restructuring as it trims headcount.
Yahoo Finance · +8 outlets
Bitget restores $300M fund after absorbing $388M security breach
The exchange replenished its protection fund after covering losses from one of the year's larger exchange security incidents.
CryptoSlate · +4 outlets
Aave founder says V3 unaffected after third-party adapter exploit drains $305K
The loss came through a third-party adapter rather than the core protocol contracts, according to Aave's founder.
ct.com · +4 outlets
Evernorth shareholders approve $1B XRP treasury deal, clearing path to Nasdaq debut
The vehicle would be the largest pure-play XRP treasury company once listed.
The Block · +7 outlets
EIP-8363 staking reward burn proposal pulled from Ethereum's Hegota upgrade
The proposal would have burned a portion of staking rewards; its removal shifts the upgrade's fee and issuance economics debate.
The Block · +14 outlets
Robinhood crypto chief says SEC innovation exemption constrains bringing stock tokens to the US
Robinhood also integrated the Arcus RFQ system into its wallet for stock token swaps as tokenized equities expand.
The Block · +8 outlets
ECB outlines three models for putting central bank money onchain
The central bank is weighing settlement designs for a digital euro as tokenized markets grow.
The Block · +6 outlets
BitGo CEO says Clarity Act failure leaves capital markets exposed to risk potentially worse than Lehman
The warning centers on gaps in US market structure rules should digital asset legislation stall.
The Block · +1 outlets
Lloyds and Visa settle $750,000 using USDC in live cross-border pilot
The test moves a bank-led stablecoin settlement from sandbox to live rails.
The Block