The Block - 2026-10-02 ​
3 items collected.
1. Drift opens exploit recovery claims with initial payouts of just over 1% of user losses ​
Author: Kyle Baird
Published: 10/2/2026, 5:10:40 PM
Categories: Crypto Ecosystems, DeFi, Markets, Security, DEXs, Exploits, News
DFX holders can cash out now or wait for more funding, with no firm timeline for full repayment.
2. Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue ​
Author: Jason Shubnell
Published: 10/2/2026, 4:54:29 PM
Categories: Companies, Crypto Ecosystems, Layer 1s, Layer 2s and Scaling, Markets, Token Projects, Ethereum, Paradigm, Rollups, News
Ethereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.
3. Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints ​
Author: James Hunt
Published: 10/2/2026, 1:34:40 PM
Categories: Crypto Ecosystems, Equities, Layer 1s, Markets, Token Projects, Analyst Reports, Bitcoin, Economic Indicators, News
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode.