Blast announced it will shut down its Ethereum layer-2 network due to a 98% drop in total value locked, falling from over $2 billion to about $32 million. The team cited maintenance costs exceeding revenue and sees no viable path to economic sustainability. Users are urged to withdraw assets by October 26, after which withdrawals require direct interaction with Ethereum bridge contracts. This closure highlights challenges for smaller networks amid competition from major crypto firms like Coinbase and Robinhood.
Blast's Ethereum layer-2 network closure follows a 98% drop in total value locked. For readers following the cryptocurrency sector, here is Pluang's market snapshot as of Oct 02, 2026 23:03 WIB: 36 of 50 major cryptocurrencies rose today. Notable movers include COTI at Rp250 with a 4.70% increase and a typical hold time of 120 days, THETA at Rp4.136 up 4.42%, and EGLD at Rp82.833 rising 4.07%.
NextEra Energy and partners are developing Project Star, a $22.3 billion natural gas-powered energy campus in Encinal, Texas, aimed at powering a large data center and supplying the grid. The campus will have 6.47 gigawatts of generation capacity, wi...
UBS has increased its price target for G-III Apparel Group to $27.00 from $26.00, reflecting confidence in the company's financial health and market position. Although the current share price slightly exceeds UBS's target, other analysts see potentia...
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UBS lowered its price target for McCormick from $52 to $48 following the company's Q3 fiscal 2026 results. Although McCormick beat expectations and confirmed its full-year outlook, its net income fell sharply to $97.6 million from $225.5 million year...
TransUnion has announced that its VantageScore 4.0 mortgage scores will be priced at $0.99 each until December 2028, providing stable and predictable costs for lenders. This pricing strategy follows the Federal Housing Finance Agency's decision to ex...
