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Flash

first_img Veil founder Apex: The protocol will be shut down, and deposits will be stopped from today

On November 9, Apex, the founder of Veil, announced that the team has decided to shut down Veil. Deposits will cease immediately, while the front end and relay will continue to operate until December 21, 2026. After that, withdrawals can still be completed through command line tools. Apex stated that after two years of development, the privacy solution they hoped to achieve has not been scaled. The protocol experienced a strong usage phase but was unable to sustain it. The privacy strength of Veil relies on usage, and a decline in usage will weaken privacy. In recent months, the protocol has not consistently delivered its core value as set. Public information shows that Veil is a zero-knowledge privacy protocol supported by Coinbase Ventures.Apex stated that despite not resolving the initial issues, they still view privacy as the most challenging problem in the cryptocurrency industry to date and thanked Base, the Coinbase team, and all parties who held, used, or supported Veil for their assistance over the past two years. The shutdown also means that support for the VEIL token will stop on the same day, including staking rewards and liquidity provider incentives, and the tokens held by the treasury will be destroyed. Apex mentioned that they will not leave the industry and remain optimistic about cryptocurrencies, Ethereum, and Base, but the specific direction for the next phase of development has not yet been determined. They indicated that Veil had previously occupied all their energy, and future projects would need to achieve the same level of conviction before proceeding.

first_img Acala and Karura plan to stop block production on February 10, 2027

Polkadot ecosystem DeFi network Acala stated that after seven years of development, Acala and its sister network Karura located in Kusama are entering the final phase. Under the premise that Acala's referendum No. 195 and Karura's referendum No. 137 are passed, both networks will cease operations on February 10, 2027. After this date, Acala and Karura will no longer produce new blocks.Users need to withdraw DOT, KSM, and assets bridged from other chains, such as USDT and USDC, from Acala and Karura before February 10, 2027. LDOT unbonding requires 28 days and must be initiated before January 12, 2027; if LDOT is locked with a validator, an additional 28 days is needed for unlocking, which must be completed before December 16, 2026. LKSM unbonding requires 7 days and must be initiated before February 2, 2027.ACA and KAR are the native tokens of the two networks and cannot be withdrawn; they will remain on their respective chains. For external assets that have not been withdrawn before the deadline, the team will return them as much as possible; as a last resort, recoverable assets can be returned to the same account's address on the Polkadot or Kusama Asset Hub, but not all assets can be returned in this way. Acala was founded by Bryan, Ruitao, and Bette, who initially developed the synthetic assets and margin trading project Laminar, and later, at the invitation of the Web3 Foundation, built the Polkadot ecosystem stablecoin, evolving into Acala.

Google Q3 holdings are out: continues to increase its position in the top holding SpaceX, Qualcomm has newly become the sixth largest holding

Alphabet, Google's parent company, submitted its 13F report for the third quarter of 2026 to the SEC, showing that as of September 30, the total market value of reported holdings was approximately $88.3 billion, a decrease of 10.9% from about $99.1 billion in the previous quarter. During the quarter, four new stock positions were added, one was increased, three were reduced, and three were completely sold off, with the top ten holdings accounting for 99.48% of the total.SpaceX continues to hold the top position. Alphabet holds approximately 555.04 million shares, with a market value of about $83.734 billion at the end of the period, representing 94.78% of the reported portfolio; this is an increase of about 3.8541 million shares, with an increase rate of 0.70%. Although the portfolio weight decreased from 95.05% to 94.78%, the number of shares actually increased. Qualcomm is the main new disclosure for this season, with Alphabet holding approximately 2.977 million shares at the end of the period, valued at about $548 million, accounting for 0.62% of the portfolio, directly becoming the sixth largest holding.Among other major holdings, the Chicago Mercantile Exchange (CME), Planet Labs, and Arm ranked second to fourth, with end-of-period market values of approximately $913 million, $578 million, and $568 million, respectively, with the number of shares remaining consistent with the previous quarter. Revolution Medicines ranked fifth, with an end-of-period market value of approximately $549 million, having reduced its holdings by 9.25% during the quarter. AST SpaceMobile had an end-of-period holding market value of approximately $526 million, with the number of shares unchanged. In addition to Qualcomm, other newly disclosed targets include Neutron Holdings, the parent company of Lime, Freenome, and Obsidian Therapeutics, with end-of-period market values of approximately $53.4934 million, $31.8486 million, and $16.8175 million, respectively. The total market value of the four new holdings is approximately $650 million, with Qualcomm accounting for about 84.3% of that.In terms of reductions, Freshworks saw a decrease of 1.87 million shares, a drop of 11.54%; Ethos Technologies saw a decrease of approximately 3.0507 million shares, a drop of 84.21%, leaving approximately 571,900 shares at the end of the period, valued at about $19.1989 million. Due to the highly concentrated nature of the reported portfolio, the changes in total market value at the end of the period were also affected by fluctuations in the prices of core holdings, with a decrease of approximately $10.8 billion in market value not equating to an equivalent amount of capital withdrawal.
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