DecryptTop signal
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Blast is shutting down because operating costs exceed revenue; users must withdraw assets to mainnet before Oct. 26.
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- 02CoinDeskTop signal
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Bitcoin held gains after the weak jobs report, up over 2% in 24 hours near $87,000.
Read original source - 03CoinDeskTop signal
Bank group sues U.S. regulator over granting crypto trust charters
The Independent Community Bankers of America sued the OCC, saying it exceeded legal authority by granting crypto trust charters.
Read original source - 04CoinDesk
Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
Former SEC chairman Jay Clayton, possible Trump AI czar, helped lead the agency’s crypto crackdown.
Read original source - 05CoinDesk
America at a crossroads: Commissioner Peirce’s parting challenge
Blockchain Association’s Will Schwartz urges continuing Commissioner Peirce’s mission as she departs.
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CryptoBriefs view
The bottom line
Blast is dead. Not hacked. Not drained. Just broke. A $2.3 billion network is shutting down because operating costs ate its lunch, and users have until October 26 to drag assets back to mainnet. Read that again. Cheap transactions were never a business model. They were a subsidy. If you still have money sitting on Blast, you're not an investor. You're a donor. Move.
The U.S. added 29,000 jobs in September. That's it. Unemployment ticked up to 4.2%. Bitcoin held near $87,000 and finished up over 2%. Here's what that tells me: Bitcoin doesn't care about your recession thesis or your payroll data. It's not a jobs market play. It's a lifeboat. Stop pretending a weak jobs report is some grand crypto catalyst. It's just noise.
The Independent Community Bankers of America sued the OCC, saying the regulator overstepped by handing out crypto trust charters. Good. This is the turf war nobody talks about. Banks aren't scared of crypto. They're scared of losing their monopoly on the charter game. That lawsuit means crypto is inside the tent now, and the old guard hates it. Watch this one. It matters more than another memecoin pump.
Jay Clayton, the former SEC chair who helped pioneer the crypto crackdown, might become Trump's AI czar. Let
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