BLAST L2 SHUTS DOWN

Summary from the TLDR Crypto newsletter

Blast L2 is shutting down, with the team citing operating costs that exceed L2 revenue and no credible path to economic sustainability. The immediate step is withdrawing Blast's Lido-staked assets, a process taking approximately one week during which user withdrawals will be temporarily paused, after which the withdrawal delay drops to 24 hours. Users have until October 26 to exit through the standard Blast interface, and Blast PWA balances require manual withdrawal as well. After October 26, funds remain accessible but only through direct interaction with Blast's bridge contracts on Ethereum L1.