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Author: CryptoPress

Blast to shut down Ethereum layer-2 after costs exceed revenue, sets Oct. 26 exit

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Paradigm-backed Ethereum layer-2 Blast said Friday it will wind down because operating costs exceed revenue and it sees no credible path to sustainability. Users have until Oct. 26 to withdraw through the normal interface; withdrawals pause for about a week while Blast exits Lido, then resume with a 24-hour delay. Total value locked is a little over $32 million, down from more than $2 billion ahead of the February 2024 mainnet, and BLAST fell...

Cryptocurrencies, Ethereum, News

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Greek Police Bust Crypto Scam Ring, Arrest 17 Suspects in Major Crackdown

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Greek law enforcement has dismantled a transnational criminal organization operating a sophisticated crypto investment scam. Authorities arrested 17 suspects following an extensive investigation into fraudulent digital asset schemes that defrauded numerous victims. The operation highlights intensifying global regulatory and law enforcement scrutiny targeting illicit crypto operations. Greek law enforcement authorities have successfully...

Breaking, Cryptocurrencies, News

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Zcash Investment Products Record First Weekly Outflow of $93.6 Million Amid Market Cool-Down

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Zcash-based investment products experienced their first-ever recorded weekly net outflow, totaling $93.6 million. The withdrawal reverses weeks of consistent positive momentum for the privacy-focused asset’s regulated vehicles. Market analysts attribute the capital flight to broader profit-taking and shifting macroeconomic conditions across crypto markets. Zcash investment vehicles faced a sudden shift in market sentiment last week,...

Breaking, Cryptocurrencies, News

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SEC Halts Crypto ETF Reviews Amid Government Funding Lapse

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The U.S. Securities and Exchange Commission (SEC) has temporarily halted the review of multiple cryptocurrency exchange-traded fund (ETF) applications. The suspension is directly attributed to the ongoing federal government funding lapse, which has resulted in a significant reduction in agency staff. Asset managers awaiting regulatory decisions on spot crypto products face extended timelines as federal operations scale back to essential...

Breaking, Cryptocurrencies, News

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The Moderated Bull, Why This Bitcoin Cycle May Cap at 3-5x (and Why That Matters)

The Moderated Bull: Why This Bitcoin Cycle May Cap at 3-5x (and Why That Matters)

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On September 22, 2026, Bitcoin holders realized 25,700 BTC in profit. It was the largest single-day profit print of the year. It was also the day CryptoQuant called a new bull market. Price had closed above its 365-day moving average, then near $80,500, for the first time since March 2023, and was trading around $86,000. The day before, U.S. spot Bitcoin ETFs had taken in $999 million, the biggest session since October 6, 2025, when the...

Bitcoin, ETF, Main

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