shutdown

The prediction market trading terminal Fireplace has officially announced its shutdown. The website will remain open until the end of September, during which users can close positions, withdraw funds, and export accounts.Fireplace is a professional trading terminal that aggregates markets and liquidity from prediction market platforms such as Polymarket. In February of this year, the project completed $1.5 million in Pre-Seed financing.

The U.S. Senate passed a temporary funding bill to avoid a government shutdown on the eve of the election. The vote resulted in 90 in favor and 6 against, with Senator Lindsey Graham (Republican-South Carolina) casting a vote of abstention. This does not necessarily prevent a government shutdown entirely, but it helps to avert a shutdown on October 1 (the start of the new fiscal year for the government). The House of Representatives will still need to reach a consensus on the bill after returning from recess.

According to ChianCatcher news, the stablecoin credit protocol Ebisu Finance announced today that it has decided to gradually shut down the project. Users need to quickly close remaining Troves, withdraw Stability Pool deposits, and ebUSD DEX liquidity. The minting of ebUSD has been suspended, and the front end will be deprecated in 3 months on October 30.This protocol is a fork of Liquity V2, supporting new collateral types and adjustable risk parameters. It has been running for over a year and has passed two audits. Ebisu aims to provide fixed-rate, open-term credit through ebUSD, with collateral including blue-chip yield-bearing assets such as LRTs, but the team has failed to expand ebUSD liquidity to support meaningful lending volumes.The project explored multiple solutions, including liquidity optimization, multi-chain expansion, structured products, and acquisition opportunities, but none addressed the core bottleneck of the CDP protocol: stablecoin liquidity and sustainable demand. The team stated that there are no plans for the launch or airdrop of EBISU tokens and thanked supporters, inviting other teams to contact them for permission to use their tech stack.

In response to the shutdown of BitMEX, BitMart, and rumors of several CEXs facing shutdowns, Zhao Changpeng stated, "It's too cruel, I hope this is a bottom signal."

The cryptocurrency exchange BitMEX accelerated the delisting of 65 derivative contracts and spot trading pairs in July, far exceeding the 19 that were delisted in the first six months of this year. The platform attributed the delisting to "insufficient trading interest" and stated that this move is related to its decision to close the exchange. Previously, BitMEX announced that it would officially cease operations on September 23, but did not disclose the specific reason for the closure.Restructuring advisor Roshan Dharia stated that the shutdown of BitMEX reflects the structural pressures faced by mid-sized centralized exchanges: liquidity continues to concentrate on leading platforms, while compliance costs are continuously rising. Earlier, the on-chain analysis platform Bubblemaps revealed that 75% of the total supply of BitMEX tokens BMEX (originally intended for employee incentives, ecosystem growth, and long-term reserves) was never allocated as planned, with the only claim occurring in November 2022. After the shutdown announcement, the price of BMEX dropped by approximately 95%.

DeFi portfolio tracker Zapper's CEO Seb Audet announced that after nearly 7 years of operation, the company has decided to shut down completely. All functionalities, including the official website, mobile application, and API services, will officially go offline on August 3. Zapper was established in 2019 and was a mainstream portfolio tracking tool in the DeFi space, with features including liquidity pool monitoring, yield farming tracking, DEX aggregation, and NFT support. At its peak, the project had 2 million monthly active users and processed over $13 billion in transaction volume.Zapper previously raised $15 million in Series A funding led by Framework Ventures, with investors including Mark Cuban. Seb Audet stated that after evaluating various options, the company believes that an orderly shutdown is the best choice at this time.

The cross-chain protocol Wormhole announced that the Moonbeam network will officially shut down on July 31, 2026. Moonbeam will maintain the operation of the parachain during the transition period, but after July 31, the chain will cease operations.Wormhole pointed out that after this date, contributors to Portal and Wormhole will not be able to assist in recovering any assets stored on that chain. Wormhole recommends that users transfer external assets across chains through official Moonbeam channels before the deadline. Previously, Moonbeam announced a complete exit from the Polkadot ecosystem and will migrate the GLMR token 1:1 to the Base network.

According to the official announcement, the decentralized perpetual contract exchange Satori Finance, supported by Coinbase Ventures and Jump Capital, has announced that due to a prolonged market downturn leading to unsustainable revenue, it has decided to gradually shut down the platform.All services of Satori will officially terminate at 19:59 Eastern Time on July 16, 2026. The official reminds users to close positions and withdraw all assets as soon as possible before this deadline, as funds may become inaccessible after the deadline. It is reported that the platform completed a $10 million financing in 2022, with a historical cumulative trading volume of nearly $99 billion.Recently, due to a significant correction in the crypto market, several industry startups (such as Botanix, Syndicate Labs, etc.) have announced shutdowns.

According to CryptoSlate, the transitional grace period for the EU's crypto regulation MiCA will officially end on July 1, 2026. As of May 2026, only 194 crypto companies within the EU have obtained formal licenses, while over 3,000 crypto enterprises registered in 2024. Approximately 75% of the old platforms are expected to lose their operating qualifications after the grace period ends.Unlicensed platforms must orderly shut down before the deadline, transfer users to licensed platforms, or completely exit the European market. The French regulatory authority AMF has taken the toughest stance, clearly warning that unlicensed operations could face up to 2 years in prison and a fine of 30,000 euros. For ordinary users, if the platform they use fails to obtain a MiCA license, they may face situations such as being unable to deposit funds or being required to withdraw their funds.

According to official news, the smart contract auditing platform Code4rena has announced that it will gradually cease operations, and the Web3 security company Immunefi will take over its clients and security researchers. Code4rena posted on social media that it has made the decision to shut down and stated that all ongoing competitions and bounty activities will be completed as usual, and existing collaborations will be "properly concluded." Immunefi stated that it will assist in migrating Code4rena's bounty projects, reward structures, and researchers to its platform.Code4rena is known for its "competitive auditing" model, where independent researchers compete to find vulnerabilities in smart contracts for rewards. This shutdown comes less than two years after blockchain security company Zellic acquired Code4rena in 2024. Previously, Code4rena raised $6 million from Paradigm in 2023 for auditing incentives and platform expansion.This shutdown comes at a difficult time for DeFi protocols and the security sector. Data from DefiLlama shows that there were over 20 crypto vulnerability incidents in April alone, setting a monthly record. JPMorgan analysts believe that ongoing DeFi security incidents are limiting major institutional investors from entering the market. Meanwhile, the total value locked in DeFi has decreased from about $160 billion in October to approximately $83 billion currently.

According to official news, Tapp Exchange has announced that it will gradually cease operations. The protocol will remain fully available until May 31, 2026, and all user assets are secure and can be withdrawn at any time.Since its launch in June 2025, Tapp has built the first V4 style DEX on Aptos, continuously introducing the ve(3,3) voting mechanism, emission distribution, bribery infrastructure, and governance tools, transferring liquidity decision-making power to veTAPP holders.

The blockchain gaming infrastructure Lattice announced that it will gradually shut down its operations after five years, with its Layer 2 network Redstone ceasing operations on May 16, 2026, at 07:59.Lattice reminds users to withdraw their funds before this deadline, especially assets in contracts such as the Uniswap pool. After the shutdown, only L1 withdrawal contracts will be deployed for external account balance withdrawals, and the funds in the contracts will be irretrievable.It is reported that Lattice was founded in 2021 and developed tools such as the MUD framework, Redstone chain, Quarry, and Dozer, but failed to achieve a sustainable business model. The team will use the remaining funds for the final project DUST autonomous world, but the scale has not reached a level to support the business, and they do not believe that VC financing is the right path.

According to the official announcement from Seamless Protocol, the Base chain DeFi lending protocol Seamless Protocol, which has been operating for over two and a half years, has announced its official shutdown. The protocol's UI will go offline on June 30, 2026, at which point team support will also cease. Users must withdraw all assets through the UI before this date; otherwise, they will need to manually interact with the contract, which is complex and lacks technical support.The team stated that the core reason for the shutdown is that leverage tokens failed to find a product-market fit—structural liquidity shortages in the DeFi lending market have prevented the product from scaling, compounded by fluctuations in lending rates eroding returns, and the protocol also lacks a sustainable revenue path.The team also pointed out that the DeFi market trend is shifting towards actively managed vaults, which fundamentally diverges from its non-custodial, fully automated product positioning. Additionally, the team will submit a governance proposal to allocate the remaining assets in the DAO treasury to SEAM token holders.

According to statistics from DeFi analysts, affected by the bear market, 21 cryptocurrency projects have recently announced closures or significant reductions in services, covering the fields of DeFi, NFT, wallets, and gaming.Among them, Leap Wallet will completely shut down all products on May 28, and users need to migrate their assets to Keplr or MetaMask as soon as possible. Magic Eden has decided to close ME Wallet and focus on the NFT market and infrastructure on Solana, with the wallet ceasing operations on May 1. Fantasy Top plans to take non-core functions offline in mid-June to concentrate resources on prediction market games.In the DeFi sector, Angle Protocol has stopped its stablecoin business due to reduced activity and increased competition, while ZeroLend and Polynomial Finance have scaled back services due to insufficient liquidity and low trading volume. The NFT platforms Nifty Gateway and Sound.xyz have closed some operations due to market changes and strategic adjustments.In addition, gaming projects like Runiverse and Pixiland Social have paused blockchain-related operations due to high development costs and regulatory uncertainties, while projects like Dmail, Yupp AI, and DataHaven have been forced to exit due to funding issues or market changes.Analysts believe that this industry reshuffle is a necessary reconfiguration of the market, and Web3 projects that prioritize actual utility and sustainable economic models will be more competitive in the future.

According to a post from the official UX Chain X account (@ux_xyz), the UX Chain platform has announced the launch of a shutdown plan, requiring users to clear all open positions before the full liquidation starts on April 30. The protocol is expected to be completely shut down by May 15.UX reserves and financial funds will be used to cover the funding gap of the protocol, and specific details will be announced in the UX governance forum.

According to Jinshi, Federal Reserve's Musalem stated that the government shutdown could cause the Consumer Price Index (CPI) to shift downward and may last until April. He pointed out that Personal Consumption Expenditures (PCE) inflation is a better measure.

According to Jinshi Data, affected by last year's record government shutdown in the fall and a slowdown in consumer spending, the U.S. economy slowed down in the fourth quarter of last year. Data released by the U.S. Department of Commerce on Friday showed that the annualized growth rate of the U.S. Gross Domestic Product (GDP) in the fourth quarter of last year was 1.4% after seasonal and inflation adjustments. Economists surveyed by The Wall Street Journal had previously expected this figure to be 2.5%. The growth rate in the fourth quarter significantly slowed down from an astonishing 4.4% in the summer. Federal government spending decreased by 16.6% in the fourth quarter.

Former President Trump posted on the Truth platform, stating that the government shutdown caused by the Democrats led to a decrease in the U.S. GDP by at least two percentage points. This is why they are now trying to repeat the same old tricks on a smaller scale. Don't let the government shut down again! Also, lower the interest rates. Powell is the worst.