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BitGo CEO Warns: Failure to Advance the CLARITY Act Puts the U.S. Crypto Market at Risk of Concentration in Trading, Brokerage, and Custody Services.

12 hours ago

BitGo CEO Mike Belshe warned that the failure to advance the CLARITY Act leaves the U.S. market exposed to ongoing systemic risks—particularly those stemming from a single entity controlling trading platforms, brokerage, and asset custody services simultaneously. Belshe noted that this business combination poses a more alarming risk than the Lehman Brothers collapse: a brokerage failure would cause localized losses, but if the same entity also operates a trading platform and holds asset custody functions, its failure could drag the entire market into crisis.

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Blast has officially announced its shutdown, Upbit has placed the BLAST token on its watchlist, and BLAST has dropped more than 25%.

According to HTX market data, Layer 2 network Blast announced it will cease operations as its network revenue is insufficient to cover maintenance costs. Following the announcement, two major South Korean crypto exchanges, Upbit and Bithumb, have added BLAST to their trading watchlists. The token has fallen more than 25% overall, currently trading at $0.000294, with a market capitalization of approximately $20 million.

7 hours ago

Cryptocurrency exchange Bithumb has added BLAST to its trading attention list, as Blast announces plans to end mainnet operations.

According to an announcement from crypto exchange Bithumb, the platform added BLAST to its trading watchlist on October 3. The notice noted that since the BLAST Foundation announced plans to end mainnet operations, Bithumb deemed it necessary to further verify the sustainability of the project’s related business, actual progress, and impacts on the token’s use cases, purposes, and functions. To protect user interests, BLAST was placed on the trading watchlist. Bithumb specified that BLAST’s watchlist placement took effect on October 3, with deposits suspended at 1:30 that day. Whether BLAST will be removed from the watchlist or its trading support terminated will be announced between October 12 and 16, the third week of October.

7 hours ago

Bitwise NEAR ETF posts cumulative net inflows exceeding $50 million

NEAR Protocol announced that the newly launched Bitwise NEAR ETF has recorded cumulative net inflows exceeding $50 million, noting that institutional investors are opting for NEAR. Relevant data shows the ETF began trading on September 29, and as of September 30, its cumulative net inflows have topped $50 million.

7 hours ago

The HIP-3 auction has added two new lots: GLW and GDX, with a total payment of 1107.25 HYPE.

According to Hyperliquid HIP-3 auction information, two new assets—GLW and GDX—were added on October 1, with a total of 1107.25 HYPE paid. Details: GLW corresponds to Corning, deployed by TradeXYZ, with contract code xyz. Its auction took place at 14:41 on October 1, with a transaction fee of 545.97 HYPE. GDX corresponds to the VanEck Gold Miners ETF, also deployed by TradeXYZ, with contract code xyz:GDX, and its transaction fee amounted to 561.28 HYPE.

7 hours ago

A crypto whale’s 10x long position on WLD has generated an approximate return of 655%.

According to TradingBeats monitoring, Hyperliquid whale address 0x77ee currently holds around 10.23 million WLD long positions, with a 10x full position, an average entry price of approximately $0.35, cumulative unrealized profit of roughly $2.34 million, and a position return rate of about 655%. The address has held these WLD long positions since late May, with a holding period exceeding four months. The mark price of WLD perpetual contracts on Hyperliquid is currently reported at $0.58, up roughly 15.2% in the past 24 hours.

7 hours ago

Spot silver has fallen below the $60 threshold, currently trading at $59.916.

According to Bitget's market data, spot silver has fallen below the key psychological threshold of $60 per ounce, currently trading at $59.916, down 1.75% on the day.

7 hours ago

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