Blast Announces Shutdown of Ethereum L2, zkAPI Mainnet Launch, Tom Lee Continues to Increase ETH Holdings (2026)
Blast L2 closure, zkAPI privacy limits, Ethereum upgrades: OKX withdrawal and risk points from Oct 2, 2026 reports. Dates cited; steps need confirmation.
Article Citation Summary
Blast L2 closure, zkAPI privacy limits, Ethereum upgrades: OKX withdrawal and risk points from Oct 2, 2026 reports. Dates cited; steps need confirmation.
Blast L2 Shutdown: Timeline, Reasons, and Withdrawal Requirements
Why Is Blast Shutting Down?
According to a Cointelegraph report dated October 2, 2026, the Ethereum Layer 2 network Blast announced it will shut down because operating costs exceed revenue. The report also cited data indicating that Blast's DeFi total value locked (TVL) has fallen more than 98% from its peak of about $2.2 billion in June 2024. Blast officially requires users to withdraw assets by October 26.
| Key Information | Details |
|---|---|
| Shutdown reason | Operating costs exceed revenue |
| TVL change | Down more than 98% from the roughly $2.2 billion peak in June 2024 |
| Asset withdrawal deadline | October 26, 2026 |
| Source | Cointelegraph, 2026-10-02 |
What Is the Deadline for Users to Withdraw Assets?
Blast officially requires users to withdraw assets by October 26. Note that this date comes from a public report dated October 2, 2026, and any subsequent extension or adjustment must be based on Blast's latest official announcement. OKX users handling Blast assets should first confirm whether OKX supports direct deposits and withdrawals for Blast assets; if not, cross-chain or third-party bridging may introduce additional risks.
zkAPI Mainnet Launch: Privacy Payment Mechanism and Limitations
How Does zkAPI Protect API Payment Privacy?
The Ethereum Foundation's zkAPI has gone live on mainnet. According to a Cointelegraph report dated October 2, 2026, users achieve privacy-protected API payments through zero-knowledge proofs, meaning the payment itself can be completed without revealing sensitive details.
What Information May Still Be Linked?
zkAPI does not hide prompt content or network metadata. Users may still be linked through IP addresses, timing, or request information. Therefore, zkAPI should not be considered a fully anonymous tool.
| Privacy Boundary | Protected? |
|---|---|
| API payment action | Protected via zero-knowledge proofs |
| Prompt content | Not hidden |
| Network metadata (IP, time, etc.) | Not hidden, may still be linked |
Ethereum Glamsterdam Upgrade and Network Developments
What Does the Upcoming Glamsterdam Upgrade Mean for Users?
According to a Cointelegraph report dated October 2, 2026, Ethereum has scheduled the Glamsterdam upgrade for October 6 on the Sepolia testnet. Testnet upgrades do not directly affect the mainnet, but users should monitor subsequent mainnet scheduling. OKX users generally do not need to take additional actions for testnet upgrades, but when network switches or version updates are involved, official announcements should take priority.
Tom Lee Increases ETH Holdings: Public Accumulation Signal and OKX User Assessment
What Does Tom Lee's ETH Position Change Indicate?
According to a Decrypt report dated December 30, 2025, Tom Lee bought another $130 million worth of ETH during the Christmas period and still holds $1 billion in cash. Independent researcher perspective: This is a publicly verifiable accumulation signal that may reflect his personal or institutional long-term view, but it should not be the sole basis for individual investment decisions.
How Should Individual Investors Use Public Accumulation Data?
Public accumulation data can serve as a market sentiment reference, but note that the media report date is December 30, 2025, so there is a time lag; information about the buyer's background, cost, and position management strategy is incomplete. OKX users evaluating ETH positions should consider their own risk tolerance and verify relevant information through official channels, avoiding copy-trading based on a single public report.
OKX User Action Checklist and Risk Disclaimer
What Are the Steps to Handle Blast Asset Withdrawal on OKX?
The following steps are based on public information as of October 2, 2026, and specific operations must follow the latest official OKX pages and Blast announcements:
- Log in to the official OKX app or website, open the "Assets" or "Deposit/Withdraw" page, and confirm whether OKX supports Blast assets and which network types are supported.
- If OKX supports Blast asset deposits and withdrawals, follow the on-page prompts to verify the address, network, and minimum withdrawal amount; if not supported, do not use unofficial third-party bridges; instead, first check Blast's official channels for official migration or withdrawal options.
- Note Blast's official deadline of October 26 to avoid withdrawal failure due to on-chain confirmation delays or network congestion.
- After completing the withdrawal or migration, keep the transaction hash and confirm the receipt status on an official explorer.
- When cross-chain or third-party bridging is involved, verify the bridge contract address, fees, and risk warnings, and avoid tools from unknown sources. See How to Safely Download Exchange App for Android and iOS: Official Channels and Verification Steps (2026).
How to Avoid Privacy Leakage Risks?
When using zkAPI, be aware that prompt content and network metadata may expose identity. Avoid entering sensitive personal information in prompts; using a VPN or proxy may reduce IP linking but cannot eliminate all metadata risks. In scenarios involving API payments, assess whether additional privacy protection measures are needed. For basic operations, refer to 2026 Exchange App Beginner Tutorial: Registration, KYC, Deposits, and First Trade Full Steps.
Risk Disclaimer: Cryptocurrency/digital asset prices are highly volatile, and information and rules may change at any time. This article does not constitute investment, legal, or tax advice. Before making decisions, always refer to the latest official announcements and actual product pages.
References and verification links
These are the article-level sources stored with this page. Interpret dynamic facts and rules in light of their dates, regions, and subsequent updates.
FAQ
After Blast shuts down, will my assets still be there? ▼
According to Blast's official requirements, users should withdraw assets by October 26; whether assets remain depends on whether you follow the official process. Public reports do not state the consequences of missing the deadline, so you need to check Blast's official channels for confirmation.
Can zkAPI be fully anonymous? ▼
No. zkAPI does not hide prompt content or network metadata, and users can still be linked through IP addresses, timing, or request information; it only protects the payment action itself and should not be considered a fully anonymous tool.
Why does Tom Lee keep buying ETH? ▼
According to a Decrypt report dated December 30, 2025, Tom Lee bought $130 million worth of ETH during the Christmas period and still holds $1 billion in cash, but the report did not provide specific reasons for his accumulation; public accumulation signals can only serve as market sentiment references and do not constitute personal investment advice.
Will the Glamsterdam upgrade affect ETH price? ▼
It cannot be confirmed at this time. Public reports only state that the Glamsterdam upgrade will take place on the Sepolia testnet on October 6, 2026; testnet upgrades do not directly affect the mainnet, and price impact depends on subsequent mainnet scheduling and market reaction.
Does OKX support Blast asset withdrawals? ▼
At the time of writing, this has not been confirmed by OKX officially. Users need to log in to the official OKX app or website and check the 'Assets/Deposit-Withdraw' page, subject to the latest official announcements; if not supported, do not use unofficial bridges and prioritize following Blast's official withdrawal plan.