Crypto Market Sees $3.8M Recovery, Blast Shutdown, and OCC Crypto Charters Challenge

NEAR Intents has recovered the full amount of $3.8 million stolen in a security breach, with the attacker returning the funds under a responsible disclosure arrangement.

The recovery came before the 48-hour deadline expired, according to reports.

Blast, an Ethereum layer-2 network, has announced plans to shut down due to operating costs exceeding revenue, with the team stating there's no 'credible path' to making the network financially sustainable.

Community banks have sued the OCC over crypto trust charters, arguing that crypto companies receive credibility without meeting traditional banking requirements.

U.S. spot Bitcoin ETFs saw net inflows of $102.7 million on October 1, with BlackRock's IBIT leading the way with $195.6 million in new money.