Crypto news and market updates

Ethereum Layer 2 network Blast has announced it will cease operations by October 26, citing operational costs that exceed revenue.

Ride-hailing giant Lyft has agreed to a $272.5 million settlement to resolve claims that it misclassified California drivers as independent contractors instead of employees.

BNB traded near $778 as market participants awaited the upcoming 37th quarterly token burn, while the network also surpassed $1 billion in tokenized stocks and ETFs.

RunUp has launched the first perpetual treasury on Injective for its RUNNER token, featuring a leveraged position designed to fund token buybacks and burns.

A viral post on X links the Benner cycle, Federal Reserve policy, and rising long-term yields to a potential market downturn.

Stacks Labs CTO Adriano Di Luzio has discussed planned features for PoX-6, the network's intended next-generation Proof of Transfer mechanism aimed at shifting from curated bootstrap parameters to algorithmic auctions.

Bitcoin is trading near $84.7K following a strong recovery from the $60K area, with technical charts highlighting critical support and resistance thresholds.

XRP has rebounded above $1.40 following a low in August, with market analysts tracking chart structures and key support levels to determine if the asset can target higher resistance zones.

Data from September shows that 5,419.45 dormant bitcoins valued at $457.23 million were moved from long-idle wallets, led by activity from coins created in 2016.

The European Securities and Markets Authority has asked the European Commission to prohibit custody and transfer services for stablecoins that fail MiCA requirements.