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Check In to Win a 20g Gold BarOver 20 Crypto Projects Shut Down in Q1 2026 Something unusual is unfolding in crypto. Over 20 funded projects have shut down in Q1 2026, not scams or rug pulls, but real

Over 20 Crypto Projects Shut Down in Q1 2026
Something unusual is unfolding in crypto. Over 20 funded projects have shut down in Q1 2026, not scams or rug pulls, but real platforms that couldn’t survive current market conditions. Data highlighted by Defi Scribbler shows this is less about failure and more about a market reset.

Projects That Shut Down or Scaled Back

Here’s a quick look at the major names and what happened:

Magic Eden Wallet shut down its wallet product and reduced its multi-chain focus to double down on Solana.

Leap Wallet confirmed a full shutdown, exiting the market entirely by late May.

Bit.com closed its derivatives exchange operations amid declining activity.

Dmail, a Web3 messaging platform, ceased operations after struggling to retain users.

Step Finance, a Solana-based dashboard, shut down due to reduced DeFi engagement.

ZeroLend failed to sustain lending activity and shut its platform.

MilkyWay, a DeFi-focused project, closed as liquidity dried up.

Fantasy Top is sunsetting its core mode by mid-June after losing traction.

Slingshot, a DeFi trading aggregator, wound down operations amid low usage.

Nifty Gateway, once a major $NFT marketplace, exited as $NFT demand cooled.

Parsec, an analytics platform, shut down as user demand dropped.

What Went Wrong?

Most of these projects were launched during bull market phases when capital was easy, and user growth came quickly. That environment has now changed.

Trading volumes are lower, funding is tighter, and users are sticking to a few major platforms. Projects without clear revenue or long-term user retention simply couldn’t keep up.

One X User Said,

“You need to understand more will follow! Especially because most of these projects have seen that nothing happens if they shut down. And there is barely any money left to be made. So there’s no point keeping useless protocols that no one uses anyway.”

At the same time, capital has shifted toward Bitcoin

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Over 20 Crypto Projects Shut Down in Q1 2026 Somet

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On April 5, according to a report by Sputnik on April 4, Mojtaba Ferdowsipour, head of the Iranian diplomatic mission in Cairo, stated in an interview that Iran prefers to resolve issues through diplo

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HTX Community Spring Creation ContestBASED: Hyperliquid’s On-Chain Super App💡 Long-Term Ethereum Price Prediction HTX content creator fama Ethereum’s long-term outlook remains highly bullish due to it

💡 Long-Term Ethereum Price Prediction

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Ethereum’s long-term outlook remains highly bullish due to its strong fundamentals and growing ecosystem. Analysts predict that ETH could reach $7,000–$10,000 in future market cycles.

Factors such as staking, limited supply, and increasing demand support this prediction. While short-term volatility will continue, the overall trend remains positive.

Ethereum’s role in the digital economy continues to expand, making it a key asset for long-term investors.

For those focusing on long-term growth, Ethereum remains one of the most promising cryptocurrencies in the market.

💡 Long-Term Ethereum Price Prediction HTX conten

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Guess BTC Price, Share 540M HTX!HTX Community Spring Creation Contest10 x Airdrop Speed Challenge Blockchain investigator ZachXBT has publicly accused Circle of failing to freeze stolen USDC as it mov

Blockchain investigator ZachXBT has publicly accused Circle of failing to freeze stolen USDC as it moved through the company's own cross-chain infrastructure during the $285 million Drift Protocol exploit on April 1, 2026 raising pointed questions about when and why the stablecoin issuer chooses to exercise its freeze authority. Summary The Drift Protocol hack on April 1 is the largest DeFi exploit of 2026, draining over $285 million from the Solana-based perpetual futures exchange The attacker bridged approximately $232 million in USDC from Solana to Ethereum via Circle's CCTP across more than 100 transactions over six consecutive hours with no action from Circle ZachXBT's broader filing lists 15 cases totaling over $420 million in alleged Circle compliance failures since 2022 The April 1 attack on Drift, a Solana-based decentralized perpetuals exchange, was flagged by security firm PeckShield. Using a manipulated oracle and compromised admin key, the attacker drained Drift's main vault in approximately 12 minutes, according to blockchain analytics firm Arkham. Drift's total value locked fell from roughly $550 million to under $300 million within an hour. The DRIFT token dropped more than 40%. Over ten additional Solana protocols reported disruption. After converting most of the stolen assets to USDC, the attacker used Circle's Cross-Chain Transfer Protocol (CCTP) to bridge approximately $232 million from Solana to Ethereum across more than 100 transactions over six consecutive hours during U.S. business hours.

Blockchain investigator ZachXBT has publicly

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Claim1,200 USDT in the Monthly Creation Challenge The endorsement of Bitcoin by a former UK Chancellor marks a significant shift in the intersection of traditional finance and decentralized technology

Claim1,200 USDT in the Monthly Creation Challenge

The endorsement of Bitcoin by a former UK Chancellor marks a significant shift in the intersection of traditional finance and decentralized technology. In a recent statement, the former official characterized the cryptocurrency not merely as a speculative asset, but as a critical alternative to existing financial systems that are increasingly perceived as fragile or failing.
The core of this argument rests on the inherent limitations of centralized monetary policy and the escalating inflationary pressures facing global economies. By positioning Bitcoin as a viable hedge, the endorsement underscores a growing sentiment among financial veterans that legacy institutions may no longer provide the stability required in a digitized world.
Looking ahead, the article highlights bold predictions regarding the broader adoption of digital assets. Analysts suggest that as more high-profile political and financial figures pivot toward decentralized finance, institutional integration will accelerate. The prediction indicates that Bitcoin could move from a fringe alternative to a foundational pillar of international reserves within the next decade.
As the global landscape shifts—exemplified by recent leadership changes in Europe and a renewed focus on fiscal sovereignty—the narrative around Bitcoin is evolving. This endorsement serves as a catalyst for a broader discussion on whether the future of global finance will remain centralized or embrace the transparency of the blockchain.


The endorsement of Bitcoin by a former UK

Coinbase, the largest crypto exchange in the US, has achieved a major milestone after securing a key approval from the main banking regulator, which could unlock a broader market for the company. Coin

Coinbase, the largest crypto exchange in the US, has achieved a major milestone after securing a key approval from the main banking regulator, which could unlock a broader market for the company.

Coinbase Wins Major OCC Approval
On Thursday, Coinbase announced it received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company, marking a crucial step to becoming a federally regulated crypto custodian.

In the official statement, Coinbase outlined the scope of the charter, explaining that the company is not becoming a commercial bank and will not take retail deposits or engage in fractional reserve banking.

“This charter is about bringing federal regulatory uniformity to the custody and market infrastructure business we have been building for years. The OCC charter was designed precisely for this purpose — to provide clear oversight over assets in safekeeping — and that is exactly how we intend to use it,” the announcement read.

The conditional OCC approval allows Coinbase to “build the next chapter of finance,” the company noted, bolstered by the regulatory confidence, and validates its approach of “engaging with regulators, earning their trust, and operating to the highest standards.”

Moreover, the approval signals that the federal regulatory framework is transforming to align with the evolving landscape that crypto has been gradually shaping.

In an interview, Greg Tusar, Co-CEO of Coinbase Institutional, affirmed that “the ability to have a federal framework for our custody business is important,” adding that “this is about us growing our reach and being able to conduct new business that we may not have been able to before.”

Crypto Trust Banks Face Opposition
Coinbase applied for the charter last October and has now joined the list of firms that have received the main banking regulator’s appro

Coinbase, the largest crypto exchange in the US, h

Sora Ventures announces $1B Bitcoin treasury fund Sora Ventures said the fund is backed by an initial capital commitment of $200 million from institutional partners across Asia. 1000063974 Crypto venture capital company Sora Ventures announced a $1 billion Bitcoin treasury fund, and said it plans to acquire the full amount within six months. On Friday at Taipei Blockchain Week, Sora Ventures founder Jason Fang unveiled what he called “Asia’s first $1 billion Bitcoin treasury fund” during a discussion titled, Introducing BTC Strategy into Major Asia Equity Markets. Sora said the fund is backed by a $200 million capital commitment from institutional partners across the region. In an article shared by Fang, the company said it aims to accelerate Bitcoin adoption among corporate treasuries. Cointelegraph reached out to Sora Ventures for more information, but did not receive a response before publication.

<div><span style="font-size: 15px;">Sora Ventures announces $1B Bitcoin treasury fund</span></div><div><span style="font-size: 15px;">Sora Ventures said the fund is backed by an initial capital commitment of $200 million from institutional partners across Asia.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">1000063974</span></div><div><span style="font-size: 15px;">Crypto venture capital company Sora Ventures announced a $1 billion Bitcoin treasury fund, and said it plans to acquire the full amount within six months.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">On Friday at Taipei Blockchain Week, Sora Ventures founder Jason Fang unveiled what he called “Asia’s first $1 billion Bitcoin treasury fund” during a discussion titled, Introducing BTC Strategy into Major Asia Equity Markets.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">Sora said the fund is backed by a $200 million capital commitment from institutional partners across the region. In an article shared by Fang, the company said it aims to accelerate Bitcoin adoption among corporate treasuries.&nbsp;</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">Cointelegraph reached out to Sora Ventures for more information, but did not receive a response before publication.&nbsp;</span><div style="overflow: hidden; border-radius: 16px;"><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-09/26746347a1fa46559d152c6ba1682b3e.jpeg" alt="1000215516" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px" /><br /><br /></div></div>

Sora Ventures announces $1B Bitcoin treasury fund

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Sora Ventures announces $1B Bitcoin treasury fund

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