Paradigm-backed Ethereum Layer-2 Blast to Shut Down as Costs Exceed Revenue

The story so far

3 publishers have covered this in 3 articles since 2 Oct 2026. The Block published first, on 2 October at 16:54 UTC; CoinDesk followed 21 min later. The most recent article, from decrypt.co, appeared on 2 October at 17:47 UTC.

Outlets reporting it: CoinDesk (major outlet), The Block, decrypt.co.

2 prediction markets price this story:

• 2,000 to 2,249.99 — the market puts it at 9%, with $90 traded in the last 24 hours, closing 1 Jan 2027. The outcome is Yes if the average price of ETH/USD during the sixty seconds before midnight Eastern Time on January 1, 2027, falls between $2,000 and $2,249.99. The source of truth is strictly the CF Benchmarks ETHUSD_RTI data feed. Readers often mistake the resolution time for the date of the linked news story or confuse this specific price range with other market outcomes.
• Will the price of Ethereum be above $2,200 on October 8? — the market puts it at 99%, with $5k traded in the last 24 hours, closing 8 Oct 2026. The outcome depends on whether the closing price of Ethereum on Binance exceeds $2,200 at exactly noon Eastern Time on October 8. Readers often mistake the resolution time for midnight or assume prices from other exchanges count toward the result.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.