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According to Gate market data, due to network revenue being unable to cover maintenance costs, the Layer 2 network Blast announced it will cease operations. Following this announcement, South Korea's two major cryptocurrency exchanges, Upbit and Bithumb, have placed BLAST on their trading watchlists. BLAST has cumulatively dropped over 40%, currently priced at $0.0002433, with a market capitalization of approximately $24 million.

According to The Block, the car manufacturer Porsche is shutting down its Web3 project launched in 2023.Holders can still retain their PORSCHΞ 911 NFT, but the PIONΞERS Discord will become read-only, and the @eth_porsche account will also stop updating.

Cosmos ecosystem liquid staking protocol Stride announced today that it is proposing an orderly shutdown of the Stride chain. The team stated that stToken can still be redeemed normally on Stride before October 12; after that, redemptions will be suspended to allow the underlying assets to complete the unbinding.According to the plan, redemptions are expected to resume around November 20 on Osmosis. Stride also stated that the stToken held by users will not expire.

The cryptocurrency trading platform BTSE, under BTSE Exchange Pte Ltd (BTSE Bhutan), announced that it has received a financial services license from the Gelephu Financial Services Office (GFSO) of the special administrative region of Gelephu, Bhutan. The company received preliminary approval in April 2026, and this license confirms that it has met all the prerequisites.The license authorizes the operation of a virtual asset multi-lateral trading facility and the provision of institutional-level virtual asset custody services. The company will begin onboarding users in the coming weeks, with spot trading initially only available for BTC/USDT and ETH/USDT. More trading pairs and fiat currency exchanges will be rolled out in phases, and customer assets will be placed under licensed custody arrangements in accordance with regulatory requirements.

SpaceX (SPCX.O) one engine shut down, so it will not enter orbit today.

According to TheEnergyMag, Bitcoin mining company Hut 8 announced that it has secured a $1.07 billion senior secured revolving credit facility, with a term of four years. The funds will be used to support the company's liquidity needs and energy and digital infrastructure projects.

The Bitcoin DeFi project Omnity Network announced that it will gradually cease operations due to depleted operating funds. Its products RichSwap and Satsman will stop operations within the next 30 days. The team reminds RichSwap liquidity providers to withdraw liquidity as soon as possible and states that it will upgrade the smart contracts and lift existing lock-up restrictions so that users can withdraw funds without limitations.A specific timeline for operations and liquidity withdrawal guidelines will be announced soon, and support channels will remain open for 30 days during the transition period to assist users in completing related operations. Although the project will cease operations, core team members will continue to support the Bitcoin ecosystem and plan to participate in related development through personal and developer collaborative organizations.

Chutianlong recently won the bid for a digital renminbi hardware wallet management system project from an operating organization. The full-stack platform output from hardware supply to issuance continues to enhance the full-link service capability.

ViaBTC founder and CEO Yang Haibo stated: CoinEx is shutting down, but its hot wallet system is still relatively advanced and worth referencing in the industry. He introduced that CoinEx has implemented an MPC-based dual-signature scheme for its hot wallet to eliminate single points of failure.Yang Haibo mentioned that the relevant infrastructure is split into business systems and wallet systems, operated by completely independent teams, each holding one private key. Every withdrawal or transfer must be reviewed in real-time through substantial risk control by both parties, and even if one system is compromised, assets cannot be stolen.He added that the wallet signing process needs to be independently implemented and cannot rely on the native mechanisms of each node, which requires extensive reconstruction. The team spent over a year transforming the vast majority of nearly 300 chains supported by CoinEx one by one.

According to court documents, the Bitcoin mining company Hut 8 has made a bid of $140 million to become the winning bidder for the two data center sites of the bankrupt mining company Poolin located in Texas. The bid includes cash and other considerations, covering Poolin's Pyote and Tarbush sites. The transaction must be approved by the bankruptcy court in New Jersey before it can be completed, with a sale hearing scheduled for September 29.Hut 8's bid is nearly three times the initial bid of $52 million from Thor CALAP, which offered $15 million for the Pyote site and $37 million for the Tarbush site. Additionally, DigiPower X bid $36.5 million for Pyote, while Pecos Industrial Development, designated by the AI infrastructure company Fluidstack, bid $100.5 million for Tarbush. Poolin and its two U.S. affiliates filed for Chapter 11 bankruptcy protection in July after shutting down mining and hosting operations at the Texas sites. Court documents indicate that its debts amount to approximately $173.1 million, of which about $163.7 million are unsecured promissory notes owed to Poolin Wallet users after withdrawals were frozen in 2022.This acquisition will further expand Hut 8's data center footprint. The former Bitcoin mining company is deeply investing in AI infrastructure, with its second-quarter financial report released in August showing a development pipeline of approximately 8.7 gigawatts, an increase of about 300 megawatts quarter-over-quarter.

According to official news, ZetaChain plans to convert ZETA to Solana's native SPL token at a 1:1 ratio, while retaining the original token code. The migration will not take place until ZETA holders complete the voting.The proposal also plans to introduce the privacy-focused multi-model AI application Anuma. Anuma has 300,000 users, supports unified memory across models, and has launched a beta feature for social discovery in real life. Voting will open on September 17 and last for 72 hours.

The cross-chain asset protocol Universal has announced its shutdown. The protocol will continue to operate normally for the next 60 days, until November 17, 2026. Universal was launched two years ago to build Universal Assets (uAssets), bringing assets such as SOL, XRP, and DOGE into a new ecosystem, supported 1:1 by underlying assets, and has supported over 80 types of assets.The team stated that the scale has not reached a long-term sustainable level, hence the decision to shut down. According to the tokenized asset data platform RootData, Universal announced last February that it had completed a $9 million financing round, led by a16z Crypto, with participation from Coinbase Ventures and others.

According to CoinDesk, Hut 8 co-founder Marc van der Chijs warned in an interview with CoinDesk that the fierce competition between enterprises and nations is accelerating the development of artificial intelligence, with its speed exceeding human control, potentially posing systemic risks to the financial system and critical infrastructure. He stated, "We have already lost control," and expressed concern that systemic disruption or catastrophic failure is almost inevitable before real international safeguards are established.Van der Chijs predicts that AI and robotics could ultimately replace 90% to 95% of existing jobs and significantly lower the costs of goods and services. At that point, governments will need to find new sources of revenue, such as taxing the use of robots or AI. He also believes that AI could expose vulnerabilities in traditional banking software, threatening the confidence of institutions that rely on interconnected systems; in the crypto space, businesses built around Bitcoin, such as exchanges, are more susceptible to impact than the underlying network itself.Van der Chijs previously sold a large amount of Bitcoin to shift towards AI investments and believes that the capital shift by investors towards AI has prevented Bitcoin from reaching the previously expected levels of $200,000 to $250,000. He is now reinvesting some of the AI profits back into crypto assets through exchange-traded funds. He still views Bitcoin as the only asset worth holding in his lifetime and claims that Hut 8's shift to AI data centers is "the best decision ever."

According to CoinDesk, the mining company Fortitude, focused on Zcash mining, has appointed former Hut 8 CEO Jaime Leverton as CEO and plans to go public on Nasdaq through a merger with HeartSciences. Andrea Childs will serve as COO.In the first half of 2026, Fortitude is expected to produce approximately 28% of the total ZEC output for the same period, with second-quarter revenue of $20.9 million. The implied valuation of the merged company may be at least $400 million.

Binance founder CZ commented on the smooth shutdown of the cryptocurrency CEX CoinEx, stating that at least during this winter's recent gradual closures of CEXs, users were able to withdraw their assets, which stands in stark contrast to the QuadrigaCX style from the previous cycle.CoinEx announced its shutdown after nine years of operation, with the withdrawal window open until December 22.

User Kevin Bass posted that he has audited the finances of the artificial intelligence company Anthropic and found shocking circumstances, thus calling for Congress to investigate. Bass stated: Anthropic not only seeks regulatory capture but has also built an unshuttable regulatory capture machine, with structural financial incentives making it impossible to shut down its AI doomsday loop. This loop begins with METR, which Anthropic CEO Dario Amodei proposed to be assessed for model risk by a third-party evaluation agency and suggested METR.Bass claimed that METR financially relies on Anthropic's success, particularly the explosive growth of Anthropic stock exceeding $7 billion. Facebook co-founder Dustin Moskovitz invested this stock into Good Ventures Foundation, which constitutes the majority of the organization's portfolio, and GVF is the overwhelming funder of the entire Anthropic network ecosystem. This stock was worth $500 million earlier last year and is now valued at over $7.7 billion about 16 months later. METR cannot afford to interrupt this growth.Bass pointed out that the same organization funding METR also funds organizations promoting AI doomsday, such as the Tarbell Center, which has published articles in The Verge, Science, Los Angeles Times, and others. These organizations all rely on the same funding. Bass stated that METR and others are not independent of Anthropic and cannot provide independent assessments; Congress must investigate.

Yang Haipo, the founder of CoinEx, stated that CoinEx officially launched on December 22, 2017, and will officially close on December 22, 2026, nine years later. He mentioned that nine years is a long time in the cryptocurrency industry, and CoinEx has gone through multiple bull and bear cycles with its users, witnessing the rise and fall of numerous projects, as well as seeing many peers leave the market in different ways.Yang Haipo expressed that after reflection, he accepted the fact that CoinEx has not become a leading exchange in the industry, and the security and compliance risks of operating a cryptocurrency exchange have become increasingly difficult to control; revenue may decline, but responsibility does not lessen, and bearing unlimited risks with limited revenue is no longer a rational choice. He stated that CoinEx has survived for nine years in a highly volatile and harsh industry, and after experiencing various storms, it can still leave completely and with dignity.Regarding CET, CoinEx will repurchase it at its initial listing price of 0.005 USDT per coin, with no quantity limit set. Yang Haipo mentioned that he seriously considered selling CoinEx but ultimately decided against it because users entrusted their assets to CoinEx based on their trust in the platform and him personally. He believes that handing over the platform and this trust to a new owner is not the right way to end this journey, stating, "A clean end is the right end." CoinEx will ensure that users can fully withdraw their assets, provide employees with a dignified farewell, and offer a clear and responsible handling plan for CET holders.

The researcher from the cryptocurrency research institution Four Pillars, 100y_eth, stated: Many on-chain experiments are shutting down or transforming without proving product-market fit, and this trend will become more evident in 2026. The on-chain market is increasingly polarized, with one side being speculative demand areas such as meme coins, perpetual futures, and prediction markets, while the other side includes stablecoins, RWA, and treasuries related to the real economy.As viable markets narrow to at least a few categories, companies from different starting points, including Coinbase, Robinhood, MetaMask, and Kalshi, are converging on the same product stack: perpetual futures, prediction markets, meme coins, stablecoins, and RWA. This does not mean the end of on-chain native businesses; new categories can still emerge through experimentation and develop into sustainable markets.

On September 13, Derive forum user domrom published a DIP proposal to deploy and launch Derive V3 (a zkVM program settled on the Ethereum mainnet), migrating all V2 positions and balances to the V3 genesis state, transferring bridge funds to L1, and shutting down Derive Chain after the migration is complete.The proposal states that as of September 7, 2026, Derive accounts for approximately 95% of the on-chain options premium trading volume over the previous 30 days, with open contracts totaling about $2 billion. V3 is a zero-knowledge exchange, where the state transitions of the matching engine and sequencer are executed in zkVM and verified on Ethereum L1, with user funds held in L1 contracts, aiming for L2Beat Stage 1. The migration is not a redeposit; it will generate the genesis state based on a snapshot of Derive Chain, with stDRV deployed to the Ethereum mainnet and DRV OFT connected to Robinhood Chain.The timeline will be announced at least 14 days in advance after approval; bridging will be frozen before migration, trading will be paused, and a snapshot will be taken after settlement, followed by the resumption of trading. Rewards can be claimed on Optimism until February 1, 2027.