Ethereum Layer 2 Blast Announces Winddown After Costs Exceed Revenue
According to The Block, Ethereum Layer 2 platform Blast is winding down its operations. The decision follows the point at…
Drift Initiates Exploit Recovery Claims Process with Initial Payouts Exceeding 1% of User Losses
According to The Block, Drift has opened a claims process for users affected by an exploit, making initial payouts that…
Blast plans to shut down its Ethereum layer-2 network due to operating costs exceeding revenue
According to Cointelegraph, Blast intends to wind down its Ethereum layer-2 network after expenses have surpassed income. The platform previously…
NEAR Protocol Intents Contract Hacked; $3.8M Stolen; Team Responds Within Hour
According to Decrypt, the NEAR Protocol intents contract was hacked, resulting in the theft of $3.8 million. The incident occurred…
Bitcoin reaches $86K amid cooler inflation outlook and Fed signals
According to Decrypt, Bitcoin rose to $86,000 following market developments tied to economic data releases. Cooler inflation readings and comments…
Bitcoin reaches $87K amid weaker US jobs data and falling bond yields
According to Cointelegraph, Bitcoin briefly reached $87,000 following the release of U.S. nonfarm payrolls data that came in weaker than…
Crypto firms seek valuations amid market recovery
According to Cointelegraph, crypto businesses are experiencing a return of billions in investment activity. However, some entities are finding it…
Lloyds Survey Shows Majority of UK Finance Leaders Anticipate Tokenization Impact on Financial Services
According to Cointelegraph, a Lloyds survey found that 71% of UK finance leaders expect tokenization to reshape financial services. The…
ECB presents three approaches for deploying central bank money on blockchain networks
According to The Block, the European Central Bank has outlined three distinct models for integrating central bank money with blockchain-based…
Bitcoin rises toward $87,000 after $85,000 sell wall clears; US jobs data miss expectations
According to The Block, Bitcoin rose toward $87,000 on Friday as sellers reduced holdings around the $85,000 level. The increase…