Join the CryptoPress Newsletter

Get exclusive market insights, Web3 alpha, and curated crypto intelligence delivered directly to your inbox.

No spam. Unsubscribe at any time.

Skip to main content

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

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

Continue reading

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

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

Continue reading

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

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

Continue reading

SEC Halts Crypto ETF Reviews Amid Government Funding Lapse

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

Continue reading

SEC Crypto Custody Rules Spark Industry Debate and New Compliance Hurdles

The U.S. Securities and Exchange Commission has advanced strict regulatory proposals aimed at reshaping how investment advisers safeguard digital assets. Industry participants and major crypto stakeholders have raised concerns over the expanded definition of qualified custodians and potential operational bottlenecks. The regulatory push underscores the agency’s continued focus on bringing centralized crypto services under traditional...

Breaking, Cryptocurrencies, News

Continue reading

© Cryptopress. All rights reserved.