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Layer 2 network Blast announced that it will cease operations due to the ongoing maintenance costs of the network exceeding the revenue generated by L2. The team believes there is no credible path to achieve economic sustainability.Blast advises all users to withdraw on-chain assets and balances in the Blast PWA to the Ethereum mainnet and plans to shorten the withdrawal waiting time to 24 hours. However, the team will first process the withdrawal of Lido assets held by Blast, which is expected to take about a week, during which the withdrawal function will be temporarily unavailable.Users can complete withdrawals through the regular Blast interface before October 26. After that, assets can still be withdrawn, but it will require direct interaction with the Blast Bridge contract on Ethereum L1. The team will announce specific operational instructions before the deadline.

According to foreign media reports, Goldman Sachs bankers earned huge commissions while handling SpaceX's IPO. As early as five years ago, when SpaceX was valued at only tens of billions of dollars, Goldman Sachs helped high-net-worth clients invest in the company.After SpaceX went public with a valuation of $1.77 trillion, clients who sold shares received substantial profits and paid Goldman Sachs hundreds of millions of dollars in commissions.

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on the X platform stating that the number of ETH queued for withdrawal from staking has risen to 850,000, with the waiting time increasing to 14.77 days, both of which are the highest within 2026. This indicates that a group of coin holders believes the current coin price is relatively high and needs to sell coins to lock in profits.

According to CoinDesk, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has completed her term today. She served in the agency for over 8 years and voted against the committee's decisions to take enforcement actions instead of creating industry-compliant rules multiple times, and she was an early proponent of the token safe harbor proposal.Hester Peirce previously led the Crypto Task Force and stated that the SEC's duty to protect investors includes using regulatory authority to provide regulatory boundaries for the rapidly expanding digital asset industry.

Binance Chinese announced on platform X that it will release significant news.

BitBT Ventures posted on platform X that it has provided $5 million in early financing to the social finance platform KIVO. KIVO is building a social finance ecosystem that connects social, trading, payment, digital assets, and emerging financial products through a single consumer-grade application.BitBT Ventures stated that it supports KIVO in building a social layer and a full-stack SocialFi infrastructure for the next generation of users. The related content was published by its social media account and mentioned KIVO account KivoSocialLayer.

Linea's official statement indicates that some validators supporting the Yield Boost treasury are withdrawing as a precaution due to the MetaMask staking incident. Linea emphasizes that the funds and control of the staking treasury itself have not been affected.The impact of this incident is that during the period when relevant validators withdraw and are replaced by new validators, the net staking rewards that provide funding sources for ecosystem incentives will temporarily decrease. Linea stated that it is closely monitoring the situation's progress.

Darkfost posted on platform X that Bitcoin is approaching the average cost price of two types of holding groups: investors holding for 18 months to 2 years have an average cost price of about $88,350, while investors holding for 6 to 12 months have an average cost price of about $89,200.Darkfost pointed out that the cost price is the average holding cost of the group, not a natural support or resistance level; as the price approaches this range, the behavior of related investors may change, and this area can be seen as a potential risk zone. The group of investors holding for 6 to 12 months has overall been at a loss for nearly a year, with some investors possibly having bought in at market peaks; some investors may sell after breaking even, while others may continue to buy to lower their holding costs.

German government bonds have become the primary safe-haven asset in the global bond sell-off due to concerns over overheating in the U.S. economy and the fiscal situation in other parts of Europe. This week, the yield on 10-year German bonds fell by 0.2 percentage points, while yields in countries like the United States and France rose by 0.05 and 0.22 percentage points, respectively.

According to the West Midlands Police in the UK, a young couple experienced a suspected premeditated burglary at their residence in Smith's Wood, Birmingham. On December 13, 2025, when the couple returned home and opened the door, three men got out of a nearby vehicle and forcibly entered the residence, demanding that the couple transfer a large amount of cryptocurrency. During this time, a fourth person provided instructions to the attackers via video call.The police stated that the husband was beaten and seriously injured, while his pregnant wife was also threatened with a knife. After obtaining the cryptocurrency and several high-value watches, the attackers fled in a suspected black BMW X3. Currently, Crimestoppers is offering a reward of up to £10,000 for information, with the reward applicable to information that ultimately leads to the arrest and conviction of those involved.

Market news reports that Microsoft (MSFT.O) and Amazon (AMZN.O) cloud businesses will face stricter scrutiny from the European Union.

Aave founder Stani Kulechov expressed disappointment on the X platform regarding the responses from the European Central Bank (ECB) and the European Banking Authority (EBA) to the MiCA consultation. He stated that both institutions not only advocate for banning stablecoin payment yields but also propose restrictions on crypto asset service providers (CASP) offering users access to DeFi, including services involving non-MiCA authorized stablecoin yield protocols.Kulechov indicated that the relevant opinions also involve restricting DeFi services to specific user groups through "suitability tests" and potentially establishing a certification system for DeFi lending protocols. He believes that if regulators decide which protocols are suitable for European users, it could lead to more closed ecosystems, weakening the liquidity and network effects of open DeFi, and limiting opportunities for European users to participate in on-chain finance.

According to the official announcement, Binance has announced that due to its partner brokerage's system upgrade, stock trading on the Binance platform will be temporarily suspended.During this period, users will not be able to place stock trades. The system upgrade window is from October 3, 2026, 19:00 to 20:00.

According to Decrypt, the European Union's law enforcement agency reported that Spanish police arrested a 16-year-old Romanian suspect in Alicante, suspected of being an administrator and main operator of the ransomware group KillSec.Two other suspects in their twenties were arrested in the UK and Romania, respectively; another developer who just turned 18 in August this year has been identified but has not been arrested due to some crimes occurring during their minor years.This operation, codenamed Operation KillSwitch, was led by the Hamburg State Criminal Police and the city's prosecution office, focusing on approximately 1,000 suspected attacks worldwide, with about 500 confirmed as successful intrusions.Law enforcement searched eight locations in Spain, Greece, Romania, and the UK, seized five central servers, and redirected related domain names to seizure announcement pages, while also confiscating at least 110 TB of stolen data.KillSec has been active since around 2024, exploiting software vulnerabilities and poorly secured cloud storage entry points to infiltrate corporate systems, copying internal data and naming victim organizations on dark web leak sites, threatening to publicly release documents to demand cryptocurrency ransoms, and if the target refuses to pay, they release the data for free.The Swiss Federal Police noted that the group also employed double extortion tactics, first encrypting servers and then applying pressure. U.S. prosecutors' charges indicate that a Dutch national residing in the UK, Fouad Eltibrizi (nicknamed Archduke), was indicted by a federal grand jury in Puerto Rico on September 16, subsequently arrested, and awaiting extradition, facing up to 10 years in prison. The European Cybercrime Centre, under the European Union Agency for Law Enforcement Cooperation, is assisting in tracing cryptocurrency funds and conducting digital forensics.

According to The Block, Lloyds Bank's tenth annual financial institution sentiment survey shows that 71% of senior executives at large financial institutions in the UK expect tokenization to reshape the financial services industry.The survey indicates that faster payment and settlement speeds are the most frequently mentioned advantages of tokenization by respondents, followed by collateral and liquidity management.

HL HUB (Community) posted on platform X that Hyperliquid expects to receive its first AQAv2 reserve yield distribution tomorrow. Approximately $14.5 million in passive income generated from USDC reserves will flow into the Assistance Fund for the purpose of repurchasing HYPE.It is reported that the revenue sharing mechanism of AQAv2 stipulates that Hyperliquid stablecoin deployers must allocate 90% of the reserve income from the stablecoin to the Hyperliquid protocol, and these earnings will be used 100% for the repurchase and destruction of HYPE tokens.The stablecoin reserve income distribution is settled on a 30-day cycle, and the income will automatically transfer to the Assistance Fund on the 8th day after the cycle ends. The formal revenue accrual will begin on August 26, and the first income payment will occur on October 3.

According to The Defiant, SMBC Nikko Securities announced on October 2 that it has signed a memorandum of cooperation to develop a decentralized finance (DeFi) platform called "DeFi Gateway" aimed at Japanese investors.Participants include blockchain development company Nethermind, Uniswap Labs, the general incorporated association Nyx Foundation, and Coinbase Technologies, which operates the Ethereum Layer 2 network Base. The project will develop a liquidity provision protocol and proprietary liquidity pool, complying with Japanese laws and regulations, with plans to complete development by mid-2027.The cooperation mainly focuses on three areas of development: first, creating a "proxy vault" with verifiable and reproducible AI and an intuitive user interface; second, utilizing Uniswap v4's Hooks feature to build a compliant liquidity pool public framework that incorporates anti-money laundering and counter-terrorism financing (AML/CFT) and investor protection mechanisms; third, developing asset management strategies covering digital assets such as stablecoins and real-world assets (RWA).The project is jointly led by SMBC Nikko Securities and Nethermind. SMBC Nikko Securities leads communication with regulatory agencies and provides compliance, risk modeling, and portfolio management expertise; Nethermind is responsible for technical design and development, including AI strategy and integration, smart contract security, as well as automated market making and Uniswap v4 Hooks strategies.

Renowned trader Killa stated that the current Bitcoin trend has clearly shifted, yet we are still at the peak stage of the "market skepticism bull market."In the 2023 bull market, if one went long every time there was a sweep below the "established low" (meaning a low that has been confirmed by the market and has shown support), the price only dropped a maximum of 8% below that low; in some cases, it only dropped 4-5% before immediately rebounding.Our current "established low" is 82.5K; based on historical performance, the expected downward deviation will be very small. Killa, as a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at 74,688 USD and turned to long during the market-wide decline on June 5.

The perpetual contract protocol Drift (now Velocity) Foundation has opened claims and redemptions for the security incident on April 1. Affected users can claim newly issued compensation tokens DFX at a rate of 1 DFX for every $1 of verified loss. DFX is a Solana standard SPL asset, with a fixed total supply of approximately 299.5 million tokens, corresponding to about $295.4 million in verified losses, and no further issuance will occur.Users can destroy DFX on the official portal and redeem it for USDT at the redemption price, or trade it on secondary markets like Raydium. The redemption price is determined by the balance of the recovery pool divided by the number of DFX tokens that have not yet been destroyed. Currently, there are about 3.11 million USDT in the pool, with a redemption price of approximately $0.0104, allowing for about $1 back for every $100 lost, covering about 1% of the losses, which has caused dissatisfaction in the community, believing there is a significant gap from the expected full compensation.The plan also includes a maximum support commitment of $127.5 million from Tether, up to $20 million from partners, as well as subsequent sources such as transaction fee sharing from the new trading platform Velocity and the recovery of stolen funds, most of which are upper limits or installment arrangements, and were not included in the pool on the opening day. After the DFX launch, the redemption price remains around $0.0104, while the secondary market trading price has risen from about $0.01 to approximately $0.03, with a 24-hour increase of about 210%, and liquidity at that time was around $200,000. The tokens can be freely transferred, and the trading price does not have to equal the redemption price; buyers are mainly concerned with subsequent funding, protocol revenue, recovered funds, as well as the impact of early redemptions and the destruction of unclaimed portions after the window closes on January 1, 2028.

On-chain analyst Darkfost posted on X that the inflow of whale funds transferring over 1 million dollars in stablecoins to Binance has significantly increased recently.According to the 30-day cumulative calculation, the amount of stablecoins this group has transferred to Binance has risen from 21.7 billion dollars to 30.5 billion dollars over the past month, an increase of over 40%.Darkfost stated that the inflow of stablecoins to exchanges usually indicates that funds are preparing to enter the market, so this change may correspond to potential buying pressure. However, compared to last October when inflows once exceeded 61 billion dollars, the current deployment of whale funds remains relatively cautious.