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Regarding the announcement "Polygon is not dead" released by Polygon's official Twitter, which is suspected to mock the shutdown of Abstract, Polygon founder Sandeep responded that the dissemination effect of the related content "did not meet expectations," and some people attributed a completely different meaning to it. The Polygon marketing team was self-deprecating, as Polygon's fundamentals are still growing, and there was no intention to imply anything about Abstract's shutdown.Sandeep added that he was also confused when he first saw the content and emphasized that he has great respect for Abstract founder Luca Netz and his team. Since Polygon itself had also terminated the zkEVM project, he empathizes with the pain and would not mock the other party, wishing Luca and the Pudgy Penguins team all the best.

According to on-chain information, shortly after the shutdown announcement of Abstract, a newly created address withdrew 1 million USD from Kraken and then quickly bought 25 Pudgy Penguins NFTs on the market. As of the time of writing, the wallet still holds ETH worth 766,000 USD.As of the time of writing, the floor price for Pudgy Penguins NFTs is reported at 3.3 ETH, with a 24-hour increase of 6.8%.Pudgy Penguins CEO Luca Netz stated that Abstract is gradually shutting down, and its parent company Igloo Inc. will now focus all its efforts on the development of Pudgy Penguins, Pudgy NFTs, and PENGU.

NFT and IP company Igloo, Inc. announced the shutdown of its consumer-grade blockchain Abstract, reallocating personnel and resources to Pudgy Penguins, Pudgy NFT, and the token PENGU.Igloo stated that the goal of Abstract was to create a public chain for consumer scenarios, and the company invested engineering and ecological talent and infrastructure for this purpose. Its growth was constrained by the high operational costs of independent blockchain, limited liquidity, a weak DeFi ecosystem, and declining market interest. Over the past two years, Igloo has lost tens of millions of dollars to maintain Abstract's operations, expand, and seek product-market fit and profitability.The company stated that after even well-funded enterprises struggled to find product-market fit for their own blockchain, shutting down Abstract became the right decision. Moving forward, they will refine the brand path from products and content to PENGU, and then to Pudgy Penguins NFT, refocusing on this role as an IP.

The consumer-grade Ethereum Layer 2 network Abstract, supported by Pudgy Penguins' parent company Igloo Inc., announced that it will gradually cease operations and officially shut down its mainnet on December 15, 2026. The official reasons given are stagnation in growth, thin liquidity, limitations in the DeFi ecosystem, and insufficient institutional adoption. Abstract warns users that they must transfer their assets across chains before the shutdown date, or they may lose access to their funds.Abstract stated that the network has deployed over 144 applications and has attracted more than 400,000 users through consumer-grade collaborations with brands such as Red Bull Racing and Disney. However, significant changes have occurred in the industry since the project's conception, and the independent chain model focused on consumer-grade crypto has ultimately proven difficult to sustain. Igloo has continuously funded Abstract for the past 18 months, with CEO Luca Netz revealing that cumulative losses have reached tens of millions of dollars. Igloo is now redirecting resources towards Pudgy Penguins and PENGU.In July 2024, Igloo completed a financing round of over $11 million led by Founders Fund, aimed at developing Abstract and leveraging Pudgy Penguins' distribution capabilities to bring consumers on-chain. The network launched its mainnet in January 2025. Netz stated that Igloo ultimately decided not to issue Abstract tokens and would not continue funding the network at the expense of Pudgy Penguins' business.

In response to the community rumor that "Aptos will shut down its blockchain in the next 6 months," Aptos Labs co-founder and CEO Avery Ching publicly stated that this is "a stupid rumor."The X account that initially published the related news did not provide any official Aptos announcement, governance proposal, or other documents as evidence. When pressed for evidence, the account stated that the information was merely "heard" and reminded to be cautious in interpretation.Additionally, another community account claimed that Aptos had significantly laid off employees over the past year and was facing financial pressure, but that account also admitted that the source of the information was "unreliable," and there is currently no public information to confirm the above claims.Aptos's current public governance records still show network upgrade proposals and executed mainnet function updates, and no official plans to shut down the mainnet have been found.

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."