shutdown

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.

The multi-chain lending protocol ZeroLend has officially announced:After three years of building and operating the protocol, the team has made the difficult decision to gradually cease operations. Despite the team's ongoing efforts, the current form of the protocol is no longer sustainable.In recent times, several chains that ZeroLend initially supported have become inactive or experienced a significant decline in liquidity. In some cases, oracle providers have also stopped their support, making it increasingly difficult to reliably operate the market or generate sustainable income. Meanwhile, as the scale of the protocol expanded, it attracted more malicious actors, including hackers and scammers. Combined with the inherently low-profit and high-risk nature of lending protocols, this has led to the protocol being in a state of long-term losses.The team's current top priority is to ensure that users can safely withdraw their assets. All users are strongly advised to withdraw any remaining funds from the platform as soon as possible.

The United States just experienced a 43-day federal government shutdown last fall, and a week ago, there was a 4-day short shutdown. Now, another shutdown seems to be looming. The latest shutdown appears likely because Washington's Democrats and Republicans still have disagreements over potential reforms to the Trump administration's immigration enforcement practices.The shutdown from January 31 to February 3 ended thanks to a bipartisan spending plan that provided only two weeks of funding for the Department of Immigration and Customs Enforcement (ICE), while negotiations over reforms are still ongoing.This stopgap funding for the Department of Homeland Security (DHS) will last until Friday, which means the funding gap for DHS will begin at midnight local time on Saturday. Negotiations have not yet made any breakthroughs, so Washington is preparing for another shutdown, although it will certainly be a partial shutdown, as only the Department of Homeland Security will run out of funds.

QCP Capital stated in an official channel that, on a macro level, the clouds of a government shutdown in the U.S. have dissipated, but the key takeaway is that fiscal standoffs may quickly resurface. Funding for the Department of Homeland Security has only been extended until February 13, which means another deadline risk still exists. Additionally, after the U.S. shot down an Iranian drone approaching the "USS Abraham Lincoln" aircraft carrier in the Arabian Sea, crude oil prices are rebuilding a moderate geopolitical risk premium, but news on the diplomatic front continues to limit its upside potential.Domestically in the U.S., the political maneuvering surrounding the Federal Reserve is heating up again. Trump has nominated Kevin Warsh as the next Federal Reserve Chair, which reintroduces uncertainty. If investors begin to bet on the increased likelihood of larger rate cuts later this year, this could marginally support risk assets and weaken the dollar, but it will also shift attention to the balance sheet. Warsh has indicated a preference for a quicker reduction of the balance sheet, which will directly impact the underlying liquidity mechanisms of the repo market.A disturbing reminder is that pressure may suddenly emerge when reserves are short at critical junctures. The options market has reinforced cautious signals. Even amidst spot rebounds, short-term (front-end) implied volatility still has buying support, and at-the-money option volatility remains elevated, with the term structure trending towards a slight spot premium, indicating that the market is still paying a premium for the risk of recent price gaps. The downward skew has steepened sharply, and butterfly spread options remain expensive, reflecting that demand is concentrated on convexity protection against a collapse.From a tactical perspective, $75,000 is a key turning point. If it can be held and positions are rebuilt with funding rates returning to normal, this level seems to be a reasonable place to increase risk exposure. If it fails to hold, market sentiment may quickly shift to a defensive stance.

The founder of Aave, Stani.eth, announced the gradual shutdown of the Family iOS wallet, but it will continue to support the Aave App as infrastructure. Aave Labs will no longer use the Avara umbrella brand, which included the Family brand and the Lens brand, while Lens is now managed by Mask.Aave plans to concentrate resources on enhancing the Aave brand awareness to refocus on its DeFi business.

According to Caixin, U.S. President Trump signed a government funding bill in the Oval Office on February 3, ending part of the government "shutdown." Earlier that day, the U.S. House of Representatives voted to pass a funding bill for several federal departments for the remainder of the fiscal year, resolving the deadlock that began with the partial government "shutdown" on January 31.The bill will provide funding for several federal departments until September 30, the end of the fiscal year, and will provide two weeks of funding for the Department of Homeland Security, which has recently faced controversy and protests due to immigration enforcement actions, allowing all parties to continue negotiations on improving the department's operations.

Cobo & F2pool co-founder DiscusFish posted on X platform that Bitcoin has dropped nearly 15% this week. When the price of Bitcoin reaches $75,000, a mining machine with a power of 23.3 W/T will reach the breakeven point (i.e., shutdown price).

According to Antpool data, based on the current Bitcoin mining difficulty and an electricity price of $0.08 per kWh, mining machines including Antminer S19 XP+ Hyd, Bitmain M60S, and Avalon A1466I have reached the shutdown coin price. The Antminer S21 series (S21, S21+, S21 Hyd.) is close to the shutdown coin price, ranging from approximately $69,000 to $74,000.In addition, high-performance mining machines such as Antminer U3S23H and Antminer S23 Hyd have a shutdown coin price above $44,000.

According to Jin Shi citing NBC News, U.S. House Speaker Johnson stated that he is confident of securing enough votes to end part of the government shutdown by at least Tuesday.

The U.S. Securities and Exchange Commission (SEC) announced on the X platform that due to funding expiration and the partial shutdown of the U.S. government, the SEC is currently operating according to the agency's plan during the shutdown. Starting from January 31, 2026, until further notice, only a very small number of staff will continue to work.

As the U.S. government enters a partial shutdown due to the failure to pass the budget proposal before the deadline, sentiment in the crypto market has turned cautious, with Bitcoin and Ethereum prices under pressure, and BTC just dipping below $83,000. Although the Senate has passed a temporary funding measure, the House of Representatives will need to vote after reconvening on Monday, resulting in a technical shutdown over the weekend. Traders have already begun to adopt defensive strategies ahead of the House vote next Monday.Analysts believe that the shutdown itself has limited economic impact, but combined with low liquidity over the weekend and intense political news, it may increase the short-term volatility risk in the crypto market.

According to CoinDesk, as the U.S. Congress failed to complete the full legislative process for the funding bill, the U.S. government is expected to enter a short-term, partial shutdown starting Saturday Eastern Time. However, this event also highlights the issue of "definition precision" in prediction markets. The prediction contracts on Polymarket and Kalshi regarding "whether the U.S. government will shut down" show differences due to varying definitions of triggering conditions. The relevant contracts on Polymarket indicate a shutdown probability of about 88%, while similar contracts on Kalshi have a probability as high as approximately 93%. This discrepancy may be because some contracts consider the formal announcement of a shutdown by the Office of Personnel Management (OPM) as the basis for settlement, meaning that even a partial shutdown is regarded as valid. This event underscores the sensitivity of prediction markets to contract triggering conditions, official confirmation entities, and timelines in macro events, with the details of the contracts themselves becoming an important factor influencing the odds.

According to Jinshi Data, the director of the White House Office of Management and Budget issued a memorandum to department heads, instructing agencies whose funding will expire at midnight to begin preparations for a government shutdown. These agencies include the Department of Defense, the Department of Homeland Security, the Department of State, the Department of the Treasury, the Department of Labor, the Department of Health and Human Services, the Department of Education, the Department of Transportation, and the Department of Housing and Urban Development. Las Water stated, "Given that Congress clearly cannot complete its work before the funding deadline, the affected agencies should now implement an orderly shutdown plan. Employees should report to work on time, fulfill their next regular job responsibilities, and carry out orderly shutdown activities. The government will continue to work with Congress to address the recently raised issues and complete the appropriations for fiscal year 2026. We hope this shutdown will not last long."