layer-2
Blast L2 Shuts Down as Costs Crush Once-Mighty Ethereum Network
Blast, once one of Ethereum's largest layer-2 networks by TVL, is winding down after operating costs outpaced revenue, urging users to return assets to mainnet.…
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bitcoin
Absa Becomes First African Bank to Custody Bitcoin in Continent Milestone
South Africa's Absa has become the first bank on the African continent to offer bitcoin custody, targeting institutional clients in a landmark move for African crypto adoption.…
ethereum
Blast's $51M Shutdown Crisis Exposes Layer-2 Custody Dangers
Ethereum Layer-2 network Blast is shutting down, leaving $51 million in user funds controlled by just three keyholders ahead of an October 26 withdrawal deadline.…
ethereum
Blast's $2.3B Ethereum Layer-2 Shuts Down as Costs Eclipse Revenue
Once valued at $2.3 billion, Ethereum layer-2 network Blast is closing its doors after operating costs outpaced revenue, giving users until Oct. 26 to withdraw.…
sec
SEC's Crypto Custody Proposal Shifts the Battle to Asset Coverage
The SEC's latest custody proposal moves the regulatory goalposts from who qualifies as a custodian to which assets are covered and how they integrate — a subtle but seismic shift.…
bitcoin
IMF Clears $138M for El Salvador With Strings Attached to Bitcoin Policy
The IMF approved $138 million for El Salvador after granting a Bitcoin waiver, but demands no new BTC accumulation and full Chivo wallet unwinding.…
hack
NEAR Intents Recovers $3.8M in Full After Hacker Returns 34.59 BTC
NEAR Intents confirms $3.8 million in stolen funds fully returned to its Bitcoin recovery wallet after the hacker sent back 34.59 BTC.…
regulation
Illinois Agrees to Six-Month Crypto Tax Delay Pending Court Sign-Off
Illinois has agreed to pause a controversial crypto tax levied on asset value rather than gains, pending court approval — a rare regulatory retreat with broad implications for custody and stablecoin settlement.…
tokenization
Lloyds Survey: 71% of UK Finance Leaders See Tokenization Reshaping Markets
A Lloyds Banking Group survey finds nearly three-quarters of UK finance leaders expect tokenization to transform financial services, with faster settlement leading the case.…
hack
Chainalysis Ties $387M Bitget Hack to North Korea, Pushing 2026 Losses Past $1B
Chainalysis has attributed a $387M Bitget hack to North Korea-linked actors, pushing the regime's 2026 crypto theft total past $1 billion.…
stablecoin
Circle Pushes EU to Rethink Stablecoin Reserve Rules as Central Banks Push Back
Circle is lobbying the EU to scrap mandatory bank-deposit reserve rules for stablecoins, while also seeking a foreign issuer recognition pathway — but central banks are resisting.…
security
Chainalysis Ties Most of Bitget's $387M XRP Theft to North Korea
Blockchain analytics firm Chainalysis has linked the majority of XRP stolen in the $387M Bitget hack to North Korean state-sponsored actors.…