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Blast L2 Announces Shutdown
Paradigm backed Blast said it will wind down its L2, as ongoing maintenance costs now exceed chain revenue with no viable path to sustainability.
Users have until October 26, 2026 to withdraw assets to Ethereum through the normal Blast interface, with the withdrawal delay cut to 24 hours.
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Drift Launches DFX Claims
Drift Foundation opened DFX claims for users with verified losses from the April 1 exploit, offering 1 $DFX for every 1 $USDT lost.
The claim window closes January 1, 2028; unclaimed DFX will be burned.
The April 1 incident saw roughly $295.4M taken from Drift users. DFX redeems for USDT from a Recovery Pool backed by Tether's matched deployment (up to 127.5M USDT) and strategic partners.
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Memecoin Traders Embrace Robinhood Stock Tokens
Robinhood's Stock Tokens, backed 1:1 by real shares, are being paired with memecoins in liquidity pools, letting traders swap a token tied to Nvidia or Snap for a memecoin and back again. Daily trading volume in these pairs peaked at around $440M in early September before falling fast, per Bloomberg.
Shares of Nasdaq-listed Farmmi surged as much as 321% after traders piled into a memecoin paired with an unofficial Farmmi token that had no link to the actual company.
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Fastest Growing Tokenized Stocks
Every stock in the top 16 more than doubled in 30 days, led by STRCon at +431% with a $75.4M market cap.
Ondo leads issuers with a 26.9% share ($986M), ahead of xStocks ($885M) and Binance ($799M).
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Crypto News Digest: Key Updates You Need to Know
The current report features updates of Uniswap, Robinhood, Open Standard, Blast, Solana, Aave, Polygon, Trust Wallet, LONG(), Ethereum, Drift, and Porsche.
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Strategy has acquired 334 BTC for ~$29M at an average price of ~$85,839, and repurchased $176M of $STRC
The firm now holds 848,000 $BTC acquired for approximately ~$63.97B at an average price of ~$75,441 per Bitcoin, and $5.7B of USD Assets.
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Hyperliquid Gets First AQAv2 Payment for HYPE Buybacks
Hyperliquid received its first $14.58M $USDC payment under the AQAv2 framework, adding a funding source for $HYPE buybacks beyond trading fees.
Roughly 90% of cost-adjusted reserve yield generated on USDC supply is shared with the protocol and routed to the Assistance Fund, which buys HYPE. The first payment covered a 30-day period.
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Binance Launches Its AI Suite
Binance launched Binance Intelligence, an AI product suite with free Binance AI for general users, Binance AI Pro for turning trading ideas into automated strategies, and Agent OS for developers building AI apps and agents.
Agent OS, which launched in August, has now surpassed 280,000 daily calls.
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OKX, ICE Venture Seeks Tokenized US Stock Trading
OKXICE, a joint venture between OKX and NYSE parent ICE, notified the SEC it plans to launch onchain trading of tokenized US stocks, covering 60+ companies including Nvidia, Apple, Coinbase and SpaceX.
"This is a landmark step toward a truly global, 24/7 Wall Street," said Andrew Cuomo, OKXICE's co-chair and a former New York governor.
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Crypto News Digest: Key Updates You Need to Know
The current report features updates of Bitcoin, Hyperliquid, Binance, Bitmine, Virtuals Protocol, Plume, Coinbase, Zama, CFTC, Saturn, OKX, and Payward.
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