NFTs

Blast to wind down Ethereum L2 after costs outpace revenue

The Ethereum L2 network Blast is shutting down after its operating costs surpassed its revenue. Users are urged to withdraw assets to the Ethereum mainnet by October 26. The platform, founded by Blur's creator, saw its DeFi TVL decline over 98% since June 2024.

Trump cost investors $4.7B through crypto ‘schemes’: Public Citizen

A report from Public Citizen indicates that former US President Donald Trump cost investors $4.7B through his and his family’s digital asset ventures since 2022, with estimated losses of at least $4.7 billion. The report details losses from various crypto projects and outlines Trump's earnings from these ventures. The organization has called for ethics provisions in the Digital Asset Market Clarity (CLARITY) Act, urging divestment from crypto projects by a US president and their family. The CLARITY Act is scheduled for a cloture vote on September 15.