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More →Blur is shutting down its website, so why are NFT collectors cheering?
Blur’s planned website closure revived criticism of the royalty policies and token rewards that helped it overtake OpenSea during the NFT boom, but hurt creators. Nonfungible token marketplace Blur, which once overtook OpenSea as the largest NFT marketplace by trading volume, says it is shutting down its website next month — and some NFT collectors couldn’t be happier. Blur <a href="https://x.com/blur_io/status/2109735810857861203?s=20" rel="nofollow noopener" target="_blank">>made</a> the announcement on X on Monday, its first post on the platform in more than a year. It said the frontend will shut down on Nov. 12, while its onchain marketplace will remain operational. Blend, a peer-to-peer perpetual NFT lending protocol, will also stop matching new loans. Blur said borrowers have until Nov. 12 to repay outstanding loans or allow them to default. It also promised a withdrawal interface after the shutdown. “Good riddance. You destroyed NFTs. Please shut down and never come back,” said NFT collector Cryptobscure in a reply to the post on X. “You may not have been able to complete your mission to destroy NFTs. But you acted with extreme determination and tried everything. Congratulations to us for surviving you,” NFT collector starfruit said in another post. The post renewed criticism of the strategy that helped Blur reach the top of the NFT charts in 2023: optional creator royalties and token rewards that encouraged traders to bid and flip NFTs. Its rise accelerated a <a href="https://cointelegraph.com/magazine/nft-creator-giant-swan-gothic-vr-dreamscapes-royalty-nightmare-opensea" rel="nofollow" target="_blank"><span>shift toward lower creator royalties</span></a>, with rival OpenSea later moving to <a href="https://cointelegraph.com/news/opensea-disable-on-chain-royalty-enforcement-tool" rel="nofollow" target="_blank"><span>optional creator fees</span></a> for new collections. Blur launched on Oct. 19, 2022, allowing sellers to customize royalty payments while offering larger prospective token rewards to those who paid higher creator royalties. But it entered a market where royalty protections were already weakening: competing marketplace Magic Eden had moved to optional royalties the previous week. By July of the following year, blockchain analytics platform Nansen reported that <a href="https://cointelegraph.com/news/trader-baits-bot-july-nft-volume-drops-nifty-news" rel="nofollow" target="_blank"><span>effective creator royalty fees fell</span></a> to 0.6% in July 2023 from an average of 2.5% in 2022, attributing much of that gap to Blur’s growth, its minimum royalty policy and OpenSea lowering its own royalty requirements to compete. Blur didn’t disclose why it made the decision to shutter its frontend and wind down new lending activity on Blend. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/magic-eden-nft-whitehat-vulnerability" rel="nofollow" target="_blank"><span><em><strong>Magic Eden scare puts 3,
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A new AI coding leaderboard tests code merging, and Opus 5.5 still fails about 40% of attempts, remaining to be verified.
Cointime news: A new AI programming leaderboard, FrontierCode 1.1, has launched to assess whether AI-generated code can meet the merge standards of open-source project maintainers. Claude Opus 5.5 ranked first with a composite score of 52.2%, but only 58% of its attempts passed the hard checks, meaning more than 40% fell short. The evaluation was developed by Cognition together with maintainers of 36 open-source projects, selecting 100 private tasks and requiring models to run three times under the same agent framework, with 9 of the tasks not successfully passed by any model. GPT-6.1 SOL scored 49.1%, only 3.1 percentage points lower than Opus 5.5, but its cost per task was $0.81, while the latter reached $10.15, a difference of more than 12 times. Xiaomi Mimo-V2.6-Pro scored 45%, with a cost per task of only $0.18. The 52.2% is a composite score, not the actual PR merge rate; the evaluation used automated checks and review by the GPT-6 Luna model, and was not submitted to maintainers for item-by-item review.
Binance will shut down its mining pool and related services on November 10.
According to Cointelegraph, Binance has announced that it will shut down its mining pool and related services, including cloud mining and mining pool savings, on November 10.
WMT short position stands at 80.9408 million shares
CoinWorld US stock data: WMT's latest short position is 80.9408 million shares, up 0.44% from the previous period, with a days-to-cover ratio of 3.39 days.
A whale transferred 138 million USDC to Binance.
Biji Network data: OnchainLens reports that a whale transferred 138 million USDC to Binance. The whale currently holds 200 million USDC and 61.68 million USDT, totaling approximately 262 million.
Grayscale purchased $20.2 million worth of SOL in the past 20 days.
Biji World data: Grayscale Fund purchased $20.2 million worth of SOL over the past 20 days, and its gSOL ETF bought a total of $20.2 million worth of SOL during this period, with only one day showing an outflow. Meanwhile, Vaneck's vSOL sold $700,000 worth of SOL yesterday, while Grayscale Fund did not sell any SOL.
Total US stock options put/call ratio reported at 0.91
CoinWorld US stock data: The total Put/Call ratio for US stock options is 0.91, with call option trading volume higher than put option trading volume on the day. Compared with the same-caliber snapshot 7 days ago, it rose by 0.08.
Upbit suspends BLUR deposit services and lists it as a monitored trading asset.
According to Biji World news, Upbit announced that it will designate BLUR as a trading caution item and will suspend BLUR deposit services starting from 14:00 (UTC+8) on October 13, 2026, involving the BLUR/KRW and BLUR/BTC trading pairs. Upbit's assessment concluded that BLUR is lacking in terms of business authenticity and sustainability. The designation period for the caution item will run from October 13 to the fifth week of October, during which a review will be conducted in accordance with the delisting policy. If the reasons for the designation are not resolved, Upbit may terminate trading support. Deposits made after the suspension time may not be credited and cannot be recovered.
OneKey revokes CryptoBilis distribution authorization following fund theft incident.
According to a report by Bloomberg, hardware wallet manufacturer OneKey has announced the revocation of Malaysian retailer Cryptobilis's product distribution authorization, due to fund theft incidents involving some Ledger wallets sold through this channel. On-chain research firm YFarmX estimates that the cumulative stolen amount may be as high as $103 million, which Ledger has not yet confirmed. Cryptobilis suspended all hardware wallet sales and shipments in Malaysia, the Philippines, and Indonesia on October 10. OneKey stated that although no reports have been received so far of any OneKey users being affected, it will still fully revoke Cryptobilis's authorization and provide free replacements for users who purchased devices through this channel between March 1 and October 12, while also ceasing to accept new distributors effective immediately.