Abstract is shutting down on december 15.
It had 400K+ users, 144 apps and 325M transactions.
Igloo still lost tens of millions of dollars funding it over about 18 months.
I think this is a more useful L2 failure to study than Blast, because it’s a different failure.
Blast’s TVL fell 98% from $2.27B. Its daily revenue the day before the shutdown was $110.
Nobody was using it.
Abstract had users and still couldn’t pay for itself.
Here’s the mechanism.
An L2 earns its revenue from fees:
> Brand brings wallets
> Some wallets become active users
> Active users make transactions
> Transactions pay

Chinese mitten crab powers up, targeting 1000x🦀

🚨 $NBIS might want to test the orange box here.

Win back everything you lost...

Luxor’s 6–13% annualized BTC yield depends on mining delivery
Luxor, a Bitcoin mining derivatives provider, reported a 6–13% annualized Bitcoin financing spread in its September lookback, published Oct. 9. The company says lenders and Bitcoin treasury companies bought prepaid mining power and paired it with a price hedge, while miners used the reverse trade to obtain financing.
The return comes from the discount a miner accepts for receiving money upfront. The hedge can fix gross BTC receipts if mining delivery and settlement perform, while the investor’s capital remains exposed to failure in

They say history doesn’t repeat, but it often rhymes.
$BTC The current trend looks a bit like 2024, except it’s moving in the completely opposite direction.
If it can’t go down, it goes up;
if it can’t go up, it falls back down!
After moving sideways for too long, it must fall. I estimate we’ll see a $BTC starting with 7 in October.

U.S. stocks declined before the market opened! I had hoped U.S. stocks would bring a rebound to short! Stocks were mixed at the open! The rebound on the crypto side is currently very weak! Stay bearish and short! Boldly short during the evening session! Control your position size! Conservative traders should continue shorting near the 836 rebound level! The short-term target is 1,000 points! #Gate亮相TOKEN2049

Sei is testing a key macro support level, and RSI is already oversold—it’s time for a quick rebound! Opened a new long position on $SE .
Trade setup Entry: 0.06812 - 0.06846Target A: 0.07159Target B: 0.07423Stop-loss: 0.06608Click here to join the trade. Also watching $SPCX and $BTC today.

$SNDK I said today wouldn’t be optimistic. I thought there would be another wave of bullish trap buying at the open, but I didn’t expect it to dump straight away.
I think the bulls have already given up defending around 1500. The bears are too aggressive, and it’s difficult for 1500 to rebound now. It’s still going to be dumped lower—let’s see whether the bulls can hold 1450#韩股大跌你会抄底吗 .

2026-10-12 13:49 UTC. Bitcoin briefly pushed up to 84,333 USDT in the last session before sellers stepped in, dragging the price below support to 82,438.1 USDT. Looking at today's market, BNB is consolidating tightly after testing 744.4 USDT. DOGE/USDT is also trading within a clear range, while XRP/USDT is seeing some pushback near its support level. For BNB/USDT, sellers are waiting in the SHORT ZONE (751.006 - 751.235 USDT), while buyers are defending the LONG ZONE (746.85 - 747.079 USDT). Expect the price to gravitate toward the TARGET ZONE around 748.59 USDT.

🚨 STRATEGY BUYS 249 MORE BITCOIN!
@Strategy bought another 249 $BTC between 5 to 11 October.
The company’s total Bitcoin holdings have now surpassed 848,000 $BTC.
The company is continuously adding $BTC to its treasury without stopping.

Sun said a couple of days ago that TRON’s quantum-resistant cryptography is already running on the testnet and can be moved to the mainnet whenever needed. It’s easy to hear that as meaning TRON is already quantum-resistant.
I looked at the TIP and Nile updates. The code is indeed running, and FN-DSA-512 has also been activated on Nile, but TIP-899 is still a Draft, and the corresponding mainnet parameters have not yet been enabled.
Reaching the testnet stage is a fairly concrete step. The two post-quantum signature schemes, FN-DSA-512 and ML-DSA-44, have already been implemented at the transa

$OGN Where is the money taking a position? The answer is already written in the funding rate and candlestick structure.
OGNUSDT is currently at 0.03144, down 8.04% over 24 hours, with a trading volume of only 5.1M USDT, showing a typical decline on shrinking volume. The key signal lies in the funding rate: -0.0245%, meaning short position holders are paying longs, indicating crowded shorts in the perpetual market. Once the price stabilizes, short covering could easily trigger an upward spike. In terms of moving-average structure, MA5=0.031438 is already very close to the current price, while

$UNI It is important for the price to hold above 6.772
It's great to see you all.
Have a great day!
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Unichain, Uniswap's Layer 2 network, is scheduled to upgrade to Optimism's OP Enterprise on October 29, 2026.
Unichain is a Layer 2 (L2) blockchain network developed by Uniswap to make its services faster and more cost-efficient.
OP Stack refers to a set of software tools and a framework for building blockchain networks.
Uniswap v2, v3, v4, and UniswapX have officially launched on Robinhood Chain, a Layer 2 network built by Robinhood Crypto, enabling DeFi tra

I think it's safe to assume that $PLUME has bottomed
Official bottom is now marked around $0.009, printed in February and retested in June
@plumenetwork to go on a crazy up-only run?

Diving Observation Diary 10.12
Yesterday, I already felt that after Singapore, Shenzhen would most likely be next to erupt. Sure enough, a bunch of people started reaching out to me last night and today. Since they can’t wait until my drinking gathering on the 16th, let’s have a preview version tomorrow. Also, do your wives really not control you? How can one after another of you spend more than ten days partying outside, then still keep partying after returning home?
What I wrote today is essentially the second half of 2049, because I made many new plans for myself on the plane. I feel that p

A day has passed; it’s time to pocket the gains. The bearish BTC thesis delivered 1,900 points of room—enough for you to have some fun, right?
Don’t let temporary fluctuations disturb your peace of mind. Stay true to your original conviction and walk alongside Jiaoyang; the results will prove everything. Congratulations to the followers who held their positions—this is the best feedback Jiaoyang can give you.$BTC $ETH #GateWCTCS9全球交易赛

#GateAtTOKEN2049 “One Gate, Everything Money”: Gate Money Launches as Gate Connects Crypto, Stocks, Payments and Global Finance
Gate’s presence at TOKEN2049 Singapore 2026 was about more than brand visibility. The central development was the launch of Gate Money, introduced by Gate Founder and CEO Dr. Han during his October 7 keynote, “One Gate, Everything Money: For a World That Never Stops.” The announcement signals a strategic shift: connecting financial services that users traditionally access through separate platforms into a more unified experience. The key question now is whether that i