Ethereum L2 Blast to Wind Down After Costs Outpace Revenue
Summary: Ethereum layer-2 network Blast announced its shutdown after operating costs exceeded revenue, instructing users to withdraw assets to the mainnet by October 26.
CoinQi ·
Latest News
Anchorage Digital Cuts 17% of Workforce Amid Crypto Downturn
Summary: Anchorage Digital, a $4.2 billion federally chartered crypto bank, reportedly cut 17% of its workforce as prolonged market downturns impact the sector.
CoinQi ·
Absa becomes first African bank to custody Bitcoin
Summary: South Africa’s Absa has become the first African lender to offer Bitcoin custody services, primarily targeting institutional clients while also supporting other digital assets.
CoinQi ·
NEAR Intents Pauses Services After $3.8 Million Security Exploit
Summary: NEAR Intents paused services after a smart contract bug caused a $3.8 million exploit, with the team pledging full reimbursement for affected users.
CoinQi ·
Ethereum Layer-2 Blast Shuts Down After Peak TVL of $2.3 Billion
Summary: Paradigm-backed Ethereum layer-2 Blast is winding down due to unsustainable costs, joining Zero Network and Silicon Network in a wave of recent shutdowns.
CoinQi ·
NEAR Intents Patches Vulnerability After $3.8M Cross-Chain Hack
Summary: NEAR Intents patched a smart contract flaw causing $3.8 million in losses, promising full reimbursement and issuing a 48-hour ultimatum to the identified attacker.
CoinQi ·
Bitcoin Rises as Weak US Jobs Data Cuts Fed Hike Odds
Summary: Bitcoin climbed to $86,152 after September US job growth missed expectations, causing odds of an October Federal Reserve rate hike to drop to 14%.
CoinQi ·
OKX lists 50x QNT futures after Quant secures major banking deals
Summary: OKX launched USDT-margined Quant perpetual futures with up to 50x leverage, following a 178% weekly rally driven by new tokenized deposit infrastructure contracts.
CoinQi ·
NEAR Intents Pauses Cross-Chain Swaps After $3.8M Exploit
Summary: NEAR Intents suspended cross-chain swap services on October 1 after a smart contract bug caused an estimated $3.8 million loss, with full user reimbursement promised.
CoinQi ·
Bitcoin Hits $87K as Weak US Jobs Data Lowers Bond Yields
Summary: Bitcoin briefly surpassed $87,000 on Friday after September nonfarm payrolls missed expectations, causing US bond yields to fall and reducing Federal Reserve rate hike odds.
CoinQi ·
Crypto Capital Returns: Kalshi Seeks $40B Valuation While Blockchain.com IPO Lags
Summary: Investors are funding Kalshi at a $40 billion valuation and preparing for Blockchain.com's IPO, even as most digital asset treasury companies trade below net asset value.
CoinQi ·
EU issuers launch regulated USD stablecoins to meet cross-border demand
Summary: European issuers including AllUnity and Stable Mint launched MiCA-regulated US dollar stablecoins, arguing that euro-only options fail to meet global business liquidity demands.
CoinQi ·
Bitcoin Surges Above $87,000 as U.S. Jobs Data Softens
Summary: Bitcoin price exceeded $87,000 following a weaker-than-expected U.S. nonfarm payrolls report and rising unemployment, driven by sustained exchange-traded fund inflows.
CoinQi ·
Traders see little chance of Fed rate hike in October after weak jobs report
Summary: Market pricing indicates a low probability of an October Federal Reserve rate increase following a disappointing September employment report and cooler inflation data.
CoinQi ·
THORChain Refuses to Block Bitget Hack Funds, Sparking Debate
Summary: THORChain declined to block stolen funds from the Bitget hack, contrasting with NEAR Intents' intervention and igniting debate over permissionless ideals.
CoinQi ·
Strategy Proposes Daily Dividends for Digital Credit Securities
Summary: Strategy's board proposed shifting four digital credit securities to daily dividends on September 24, aiming to align with Strive's recent SATA rebranding.
CoinQi ·
ECB Advances Digital Euro Pilot, MiCAR Review Response, and Visa Oversight
Summary: The ECB Governing Council issued calls for digital euro pilot participation, responded to the MiCAR review consultation, and designated Visa Europe as a systemically important payment system.
CoinQi ·
NEAR Intents Hacked for $3.8M; Users Reimbursed After Rapid Patch
Summary: NEAR Intents temporarily halted operations after a $3.8 million exploit traced to KuCoin, but restored core services within an hour and committed to full user reimbursement.
CoinQi ·
Bitcoin Hits $86,757 as Soft PCE Data Boosts Fed Hold Odds
Summary: Bitcoin rose to $86,757 after August core PCE inflation fell below expectations, increasing the probability of a Federal Reserve rate hold in October.
CoinQi ·
Circle urges EU to revise MiCA stablecoin reserve rules
Summary: Stablecoin issuer Circle asked the European Commission to replace mandatory bank-deposit minimums with flexible liquidity standards in its MiCA review response.
CoinQi ·