On October 7, CryptoBriefing reported that the Ethereum Layer-2 network Blast announced its shutdown due to operating costs exceeding revenue, initiating liquidation on October 2. Coinbase will suspend BLAST trading on October 20, and users must withdraw their assets by October 26; thereafter, they will need to operate directly through the Blast bridging contract on Ethereum. In addition to Coinbase, platforms such as BTSE, Bitvavo, and Bybit have also announced the delisting or suspension of BLAST. The BLAST token has dropped approximately 99% from its peak, currently priced at about $0.00024; Blast's Total Value Locked (TVL) has decreased from a peak of $2 billion in June 2024 to approximately $24 million to $32 million.
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Blast Network Shutdown, Coinbase to Suspend BLAST Trading on October 20
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Dow Jones Index Declines by 1.5%
On October 23, the Dow Jones Index fell by 1.5%, the S&P 500 Index decreased by 0.65%, and the Nasdaq Composite Index dropped by 0.29%. -
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On October 23, American Airlines fell by 5.6%, Southwest Airlines dropped by 4%, and JetBlue Airways decreased by 5%. Delta Air Lines declined by 4.7%, Alaska Air Group fell by 5.2%, and United Airlines dropped by 5.1%. -
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