Drift opens exploit recovery claims with initial payouts of just over 1% of user losses
DFX holders can cash out now or wait for more funding, with no firm timeline for full repayment.
The Block
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Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
Ethereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.
Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode.
BitGo CEO says Clarity’s failure left capital markets exposed to risk potentially worse than Lehman
BitGo CEO Mike Belshe warned that Clarity's failure left systemic risks arising from one firm holding exchange, brokerage, and custody functions.
ECB outlines three models for putting central bank money onchain
The ECB outlined three models for bringing central bank money onchain as financial institutions explore settlement infrastructure.
Spot bitcoin ETFs log $2.7 billion in September inflows as institutional demand holds
US spot bitcoin ETFs recorded $2.65 billion in net inflows in September, their second-largest monthly inflow since October 2025.
SEC’s innovation exemption poses constraint on bringing stock tokens to US, Robinhood crypto chief says
Robinhood's Johann Kerbrat told The Block that Robinhood is still working through the SEC's latest innovation exemption on tokenized stocks.
Ethereum Foundation launches zkAPI to let users pay for AI models without revealing identity
Users deposit funds into an Ethereum vault and authorize spending with zero-knowledge proofs, so the API provider can't link requests to a payer.
SEC proposes framework allowing investment advisers, funds to self-custody crypto
SEC proposed a crypto framework for investment advisers & funds, allowing self-custody in some cases & state trust companies as custodians.
Hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review
Hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review.
Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade
Co-author Jérôme de Tychey said industry participants and core contributors convinced him a scoping process was the wrong venue for an issuance change.
Evernorth shareholders approve $1 billion XRP treasury deal, clearing path to Nasdaq debut
Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.