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On April 17, 2026, a noticeable trend of project contraction and shutdown emerged in the crypto industry, with multiple infrastructure, public chain, and application layer projects announcing the cessation of operations or entering liquidation processes. Today, Mint Blockchain announced a complete halt to operations, requiring users to withdraw assets by October 20. The Base ecosystem lending protocol Seamless previously announced it would close its front-end interface and cease services by June 30; the privacy email system Dmail Network also announced a gradual cessation of all business starting May 15, 2026. Among infrastructure and wallet/tool projects, several applications have also entered the exit phase. The Cosmos ecosystem wallet Leap Wallet will cease operations on May 28 and has requested users to complete asset migration; Intergaze, focused on NFTs and zero Gas chains, will complete asset liquidation 14 days before its cross-chain shutdown. Additionally, the on-chain data analysis tool Parsec officially ceased operations after five years and initiated a refund process, while the DeFi derivatives protocol Polynomial announced an orderly shutdown of its current business. Meanwhile, some mature applications and ecosystem products have also entered strategic contraction and transformation phases. Magic Eden will close its Bitcoin and EVM markets and stop supporting multi-chain wallets; affected by a hacker attack, Step Finance announced that its SolanaFloor and Remora Markets would fully cease operations, with SolanaFloor later acquired and relaunched by the Jito Foundation. The lending protocol ZeroLend has reduced most market LTVs to 0% and urged users to withdraw as soon as possible; the decentralized stablecoin protocol Angle Protocol announced it will cease operations in March 2027 and transform into the DeFi incentive platform Merkl. Overall, this wave of project exits during the current cryptocurrency downturn spans multiple sectors, including public chain networks, lending protocols, NFT markets, wallets, analysis tools, and trading infrastructure.

[Crypto Bear Market Sees Wave of Shutdowns as Infrastructure and Application Projects Exit or Transform]On April 17, 2026, a noticeable trend of project contraction and shutdown emerged in the crypto industry, with multiple infrastructure, public chain, and application layer projects announcing the cessation of operations or entering liquidation processes. Today, Mint Blockchain announced a complete halt to operations, requiring users to withdraw assets by October 20. The Base ecosystem lending protocol Seamless previously announced it would close its front-end interface and cease services by June 30; the privacy email system Dmail Network also announced a gradual cessation of all business starting May 15, 2026. Among infrastructure and wallet/tool projects, several applications have also entered the exit phase. The Cosmos ecosystem wallet Leap Wallet will cease operations on May 28 and has requested users to complete asset migration; Intergaze, focused on NFTs and zero Gas chains, will complete asset liquidation 14 days before its cross-chain shutdown. Additionally, the on-chain data analysis tool Parsec officially ceased operations after five years and initiated a refund process, while the DeFi derivatives protocol Polynomial announced an orderly shutdown of its current business. Meanwhile, some mature applications and ecosystem products have also entered strategic contraction and transformation phases. Magic Eden will close its Bitcoin and EVM markets and stop supporting multi-chain wallets; affected by a hacker attack, Step Finance announced that its SolanaFloor and Remora Markets would fully cease operations, with SolanaFloor later acquired and relaunched by the Jito Foundation. The lending protocol ZeroLend has reduced most market LTVs to 0% and urged users to withdraw as soon as possible; the decentralized stablecoin protocol Angle Protocol announced it will cease operations in March 2027 and transform into the DeFi incentive platform Merkl. Overall, this wave of project exits during the current cryptocurrency downturn spans multiple sectors, including public chain networks, lending protocols, NFT markets, wallets, analysis tools, and trading infrastructure.

Crypto Bear Market Sees Wave of Shutdowns as Infrastructure and Application Projects Exit or Transform

On April 17, officials from Gulf and European regions familiar with the situation revealed that some Gulf Arab countries and European leaders believe that a peace agreement between the United States and Iran will take approximately six months to reach, and that both parties should extend the ceasefire to cover this timeframe. These unnamed officials, who requested anonymity due to the private nature of the discussions, stated that national leaders wish to immediately reopen the critical Strait of Hormuz to restore energy flows, and privately warned that if it is not reopened before next month, a global food crisis could erupt. They indicated that if the war continues for a longer period, energy prices could rise further. The officials noted that Gulf countries believe Iran is seeking to develop nuclear weapons, a stance that has not changed following the US and Israeli bombings of Iran. Therefore, they believe the peace agreement should prohibit Iran from enriching uranium or possessing long-range ballistic missiles. Despite this, most Gulf leaders oppose resuming hostilities and hope for a diplomatic resolution between the US and Iran. Spokespersons for the governments of Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain did not immediately respond to Bloomberg's request for comment. The UAE's Ministry of Foreign Affairs referred Bloomberg to a statement made on April 8, which stated that the Strait of Hormuz must be 'unconditionally reopened.'

[Gulf and European Officials: US-Iran Agreement Requires at Least Six Months, Not 'Soon']On April 17, officials from Gulf and European regions familiar with the situation revealed that some Gulf Arab countries and European leaders believe that a peace agreement between the United States and Iran will take approximately six months to reach, and that both parties should extend the ceasefire to cover this timeframe. These unnamed officials, who requested anonymity due to the private nature of the discussions, stated that national leaders wish to immediately reopen the critical Strait of Hormuz to restore energy flows, and privately warned that if it is not reopened before next month, a global food crisis could erupt. They indicated that if the war continues for a longer period, energy prices could rise further. The officials noted that Gulf countries believe Iran is seeking to develop nuclear weapons, a stance that has not changed following the US and Israeli bombings of Iran. Therefore, they believe the peace agreement should prohibit Iran from enriching uranium or possessing long-range ballistic missiles. Despite this, most Gulf leaders oppose resuming hostilities and hope for a diplomatic resolution between the US and Iran. Spokespersons for the governments of Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain did not immediately respond to Bloomberg's request for comment. The UAE's Ministry of Foreign Affairs referred Bloomberg to a statement made on April 8, which stated that the Strait of Hormuz must be 'unconditionally reopened.'

Gulf and European Officials: US-Iran Agreement Requires at Least Six Months, Not 'Soon'

On April 17, a survey conducted by Bloomberg from April 9 to 15 indicated that the European Central Bank (ECB) will raise interest rates in June due to an increase in inflation caused by the war in Iran. However, this 0.25 percentage point hike is likely to be the only such move, as the conflict is not expected to cause long-term price shocks. The survey predicts that inflation in the Eurozone will rise to 2.8% this year, up from a previous forecast of 2%. It is then expected to decline to 2.1% by 2026 and to 2% by 2027, aligning with the ECB's target. According to informed sources, ECB officials currently tend to favor keeping interest rates unchanged at the next meeting at the end of April. Some, including the President of the German central bank, believe that the possibility of taking action at that time cannot be ruled out. (Jinshi)

[Survey: Inflation Surge, ECB to Raise Rates in June]On April 17, a survey conducted by Bloomberg from April 9 to 15 indicated that the European Central Bank (ECB) will raise interest rates in June due to an increase in inflation caused by the war in Iran. However, this 0.25 percentage point hike is likely to be the only such move, as the conflict is not expected to cause long-term price shocks. The survey predicts that inflation in the Eurozone will rise to 2.8% this year, up from a previous forecast of 2%. It is then expected to decline to 2.1% by 2026 and to 2% by 2027, aligning with the ECB's target. According to informed sources, ECB officials currently tend to favor keeping interest rates unchanged at the next meeting at the end of April. Some, including the President of the German central bank, believe that the possibility of taking action at that time cannot be ruled out. (Jinshi)

Survey: Inflation Surge, ECB to Raise Rates in June

On April 17, Elon Musk stated that a universal high income provided by the federal government is the best solution to address unemployment caused by artificial intelligence. The growth of goods and services produced by AI and robotics will far exceed the growth of the money supply, thus not triggering inflation.

[Musk: In the AI Era, No Jobs Needed; Government Should Provide 'High Salaries' Instead of Welfare]On April 17, Elon Musk stated that a universal high income provided by the federal government is the best solution to address unemployment caused by artificial intelligence. The growth of goods and services produced by AI and robotics will far exceed the growth of the money supply, thus not triggering inflation.

Musk: In the AI Era, No Jobs Needed; Government Should Provide 'High Salaries' Instead of Welfare

On April 17, Brazilian President Lula criticized U.S. President Trump during a media interview on the 16th, opposing the U.S. tendency to threaten other countries with war. Lula stated that Trump cannot casually threaten other nations with military action, as no country has the right to undermine the territorial integrity of another. He emphasized that all nations must respect each other's sovereignty. Lula also mentioned that the interventionist policies pursued by the Trump administration could exacerbate global tensions. The U.S. military strikes against Iran have already affected some African and Latin American countries, forcing their populations to bear the rising costs of food and living expenses. (Xinhua News Agency)

[Brazilian President Criticizes Trump for Threatening War Against Other Countries]On April 17, Brazilian President Lula criticized U.S. President Trump during a media interview on the 16th, opposing the U.S. tendency to threaten other countries with war. Lula stated that Trump cannot casually threaten other nations with military action, as no country has the right to undermine the territorial integrity of another. He emphasized that all nations must respect each other's sovereignty. Lula also mentioned that the interventionist policies pursued by the Trump administration could exacerbate global tensions. The U.S. military strikes against Iran have already affected some African and Latin American countries, forcing their populations to bear the rising costs of food and living expenses. (Xinhua News Agency)

Brazilian President Criticizes Trump for Threatening War Against Other Countries

Market data shows that spot silver has risen over 1.00% today, currently priced at $79.20 per ounce.

[Spot Silver Rises Over 1.00% Today, Currently at $79.20/oz]Market data shows that spot silver has risen over 1.00% today, currently priced at $79.20 per ounce.

Spot Silver Rises Over 1.00% Today, Currently at $79.20/oz

According to monitoring by Dongcha Beating, Perplexity has begun to roll out Personal Computer to Max subscribers and those on the waiting list. The official statement indicates that this feature integrates with the Perplexity Mac App, allowing for the secure orchestration of local files, native applications, and browsers. Perplexity previously disclosed on its official website that Personal Computer operates on a dedicated Mac mini that can be online 24/7, with sensitive operations requiring user approval and maintaining a complete audit log and kill switch. Perplexity aims not to sell just another desktop assistant, but to advance the narrative that 'AI is the computer' to local devices, moving from helping users gather information and adjust tools to directly executing tasks continuously on behalf of users. It specifically targets the orchestration costs that high-frequency knowledge workers find most frustrating, transforming computers from mere command executors to goal executors.

[Perplexity Launches Personal Computer for Mac Users]According to monitoring by Dongcha Beating, Perplexity has begun to roll out Personal Computer to Max subscribers and those on the waiting list. The official statement indicates that this feature integrates with the Perplexity Mac App, allowing for the secure orchestration of local files, native applications, and browsers. Perplexity previously disclosed on its official website that Personal Computer operates on a dedicated Mac mini that can be online 24/7, with sensitive operations requiring user approval and maintaining a complete audit log and kill switch. Perplexity aims not to sell just another desktop assistant, but to advance the narrative that 'AI is the computer' to local devices, moving from helping users gather information and adjust tools to directly executing tasks continuously on behalf of users. It specifically targets the orchestration costs that high-frequency knowledge workers find most frustrating, transforming computers from mere command executors to goal executors.

Perplexity Launches Personal Computer for Mac Users

On April 17, according to monitoring data from Farside, the US Bitcoin and Ethereum spot ETFs saw net inflows of $26.1 million and $18 million, respectively, yesterday.

[US Bitcoin and Ethereum Spot ETFs See Net Inflows of $26.1 Million and $18 Million, Respectively]On April 17, according to monitoring data from Farside, the US Bitcoin and Ethereum spot ETFs saw net inflows of $26.1 million and $18 million, respectively, yesterday.

US Bitcoin and Ethereum Spot ETFs See Net Inflows of $26.1 Million and $18 Million, Respectively

According to monitoring by Dongcha Beating, The Information exclusively reports that OpenAI has signed a three-year computing power procurement agreement with AI chip company Cerebras worth at least $20 billion, more than double the $10 billion disclosed publicly in January this year. In exchange, OpenAI will receive warrants for minority shares in Cerebras; if OpenAI's procurement spending reaches the $30 billion cap over three years, the corresponding equity stake could increase to 10%. Additionally, OpenAI will provide approximately $1 billion to Cerebras specifically for funding the construction of data centers for OpenAI's use. The real key to this contract arrangement is not the amount, but the accounting structure. The agreement is designed as an 'operating capital deposit': OpenAI can record the $1 billion data center investment as an asset and classify part of the procurement payments to Cerebras as interest income to offset some of the actual computing power expenses. OpenAI also plans to extend this structure to other cloud providers and chip companies. For a company planning to spend $45 billion this year, $90 billion next year, and a total of $650 billion over five years on computing power while preparing for an IPO, this accounting method of converting part of procurement expenses into assets and interest income is directly related to how the prospectus will tell its story. Cerebras will submit its IPO prospectus this Friday, aiming to raise about $3 billion with a valuation of $35 billion, a 60% premium over the $22 billion valuation from the most recent private placement in February this year. The company withdrew its IPO documents submitted in September 2024 and shifted to an $1.1 billion private placement in October. The timing of OpenAI's disclosure coincides with the day before the prospectus, making it a crucial card for Cerebras to explain its doubled valuation to investors. Previous IPO documents indicated that Group 42, a client of UAE AI giant G42, contributed 83% of Cerebras' revenue in 2023 and 87% in the first half of 2024. Now, with OpenAI and Amazon (which recently reached an agreement to lease Cerebras chips to AWS customers), the customer structure has finally expanded. This deal is also the latest case of the 'circular financing' structure in the AI industry over the past year: OpenAI and Meta previously announced 'procurement + equity' agreements with AMD, while Nvidia signed a $20 billion licensing and employee recruitment contract with Cerebras competitor Groq at the end of last year, and has long provided financing to numerous cloud providers reselling its chips. The $122 billion investment commitment disclosed by OpenAI last month mainly comes from Amazon and Nvidia, both of which are also OpenAI's cloud and chip suppliers. This round of funding for AI infrastructure is not new capital flowing into the industry from outside, but rather a circulation of invoices among several giants.

[OpenAI Signs Over $20 Billion Procurement Agreement with Cerebras for Up to 10% Equity]According to monitoring by Dongcha Beating, The Information exclusively reports that OpenAI has signed a three-year computing power procurement agreement with AI chip company Cerebras worth at least $20 billion, more than double the $10 billion disclosed publicly in January this year. In exchange, OpenAI will receive warrants for minority shares in Cerebras; if OpenAI's procurement spending reaches the $30 billion cap over three years, the corresponding equity stake could increase to 10%. Additionally, OpenAI will provide approximately $1 billion to Cerebras specifically for funding the construction of data centers for OpenAI's use. The real key to this contract arrangement is not the amount, but the accounting structure. The agreement is designed as an 'operating capital deposit': OpenAI can record the $1 billion data center investment as an asset and classify part of the procurement payments to Cerebras as interest income to offset some of the actual computing power expenses. OpenAI also plans to extend this structure to other cloud providers and chip companies. For a company planning to spend $45 billion this year, $90 billion next year, and a total of $650 billion over five years on computing power while preparing for an IPO, this accounting method of converting part of procurement expenses into assets and interest income is directly related to how the prospectus will tell its story. Cerebras will submit its IPO prospectus this Friday, aiming to raise about $3 billion with a valuation of $35 billion, a 60% premium over the $22 billion valuation from the most recent private placement in February this year. The company withdrew its IPO documents submitted in September 2024 and shifted to an $1.1 billion private placement in October. The timing of OpenAI's disclosure coincides with the day before the prospectus, making it a crucial card for Cerebras to explain its doubled valuation to investors. Previous IPO documents indicated that Group 42, a client of UAE AI giant G42, contributed 83% of Cerebras' revenue in 2023 and 87% in the first half of 2024. Now, with OpenAI and Amazon (which recently reached an agreement to lease Cerebras chips to AWS customers), the customer structure has finally expanded. This deal is also the latest case of the 'circular financing' structure in the AI industry over the past year: OpenAI and Meta previously announced 'procurement + equity' agreements with AMD, while Nvidia signed a $20 billion licensing and employee recruitment contract with Cerebras competitor Groq at the end of last year, and has long provided financing to numerous cloud providers reselling its chips. The $122 billion investment commitment disclosed by OpenAI last month mainly comes from Amazon and Nvidia, both of which are also OpenAI's cloud and chip suppliers. This round of funding for AI infrastructure is not new capital flowing into the industry from outside, but rather a circulation of invoices among several giants.

OpenAI Signs Over $20 Billion Procurement Agreement with Cerebras for Up to 10% Equity

The Cardano price has been consistently below $0.38 for the past two weeks, indicating a strong presence of sellers in the market. Despite attempts by buyers to regain strength, their efforts have been feeble and unable to overcome the bearish sentiment.

[Cardano Price Analysis: ADA Struggles to Break Crucial Resistance Zone]The Cardano price has been consistently below $0.38 for the past two weeks, indicating a strong presence of sellers in the market. Despite attempts by buyers to regain strength, their efforts have been feeble and unable to overcome the bearish sentiment.

Cardano Price Analysis: ADA Struggles to Break Crucial Resistance Zone

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edge soared to 1.2742 USDT, a new high with a 24-hour increase of 13.45%. It currently trades at 1.1689 USDT on HTX.

edge currently trades at 1.1689 USDT, up 13.45% in 24h, according to HTX market data.

Cardano Price Analysis: ADA Struggles to Break Crucial Resistance Zone

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