operations

The mining pool Roughnecks, which supports the BIP-110 protocol, announced after a team meeting that it has decided to cease mining operations under the Roughnecks name and advised all miners using the current algorithm to pause mining on the BIP-110 chain until further notice. Roughnecks emphasized that this decision is not a failure of the BIP-110 movement, but a step towards the next journey, and thanked all supporters. The struggle will continue, but Roughnecks will no longer act as a pioneer.

The Move-to-Earn application Step App officially announced its closure after four years of operation. The official statement indicated that the platform has achieved over 1 million downloads, tracked billions of steps, and facilitated the integration of Web2 and Web3 in the fitness sector.All services will cease before August 21, 2026. The team reminds users to unstake locked tokens and manage their exchange positions before this date.

ChianCatcher news, the blockchain game studio and on-chain technology company Proof of Play announced on August 4 that it will cease operations. The company stated that it initially believed that games utilizing blockchain technology had the potential to open up a new decentralized internet, but ultimately failed to create scalable products and a sustainable business to validate this concept.Proof of Play will open source its code and art assets as much as possible for future builders to use, including applications related to Pirate Nation, smart contracts, founder NFTs, and IP (under CC0 license), etc. The Pirate Nation Foundation, independent of Proof of Play, will continue to support the $PIRATE token, and the foundation's website will remain operational; Proof of Play points are non-redeemable. Additionally, Shiba Story Go! has been acquired by a third party and is operating independently.

POAP founder Isabel announced that after more than 5 years of operation, the POAP project will gradually come to an end.Isabel stated that over the past few years, POAP has minted millions of digital collectibles in hundreds of communities and collaborated with global institutions such as Coinbase, Amex, Warner Music Group (WMG), and Bayer. Additionally, POAP completed large-scale applications during the Devcon event, minting over 8,000 collectibles in one week, and launched the Airport Rally event, allowing collectors worldwide to obtain POAP at airports.Isabel noted that POAP holds special significance for many, but due to the impact of the financing cycles and distribution models in the crypto industry, it has become difficult to establish a sustainable business model without sacrificing the project's core philosophy. At the same time, the rapidly changing technological infrastructure and market cycles have also increased operational challenges.She summarized POAP's experience by stating that user communities are the most undervalued assets of a business, and truly valuable products can spread the brand through users; connecting with users remains a core value that should not be overshadowed by short-term technological hype and price speculation; in a rapidly changing market environment, long-term accumulation and brand trust will become important moats.Isabel mentioned that there are currently no decisions made regarding the next steps, but she is contemplating the development direction of the Go-To-Market (GTM) model for businesses in the AI era.

The 10-Q document submitted by 0G Treasury Company ZeroStack to the U.S. Securities and Exchange Commission (SEC) shows that as of June 30, the company had a cash balance of $2.6 million, a working capital of negative $600,000, a cumulative loss of $339.1 million, and confirmed a fair value loss of $82.5 million on digital assets, expecting a net loss of $61.3 million in the first half of 2026.The financial report indicates that as of June 30, ZeroStack held 75.1 million 0G (Zero Gravity) tokens, with a total cost of $163.3 million, but a fair value of only $15.2 million, representing a decrease of about 91% from the book cost. The company stated that its current operations mainly rely on 0G staking rewards and token sales, and its future financing ability will also depend on the price performance of 0G and market trading liquidity.Public information shows that ZeroStack is a publicly listed treasury company with 0G as its core reserve asset, and is not the official or development team of the 0G project. The company participates in the ecosystem through large-scale holdings and staking of 0G, and its operational status is highly correlated with the price trend of the 0G token.

According to Jinshi reports, the UK Maritime Trade Operations Office stated that an incident occurred 20 nautical miles northeast of Seeb, Oman. The captain of a tanker reported hearing an explosion near the vessel.

According to Jinshi reports, the U.S. Central Command stated that a U.S. Marine Corps F-35C stealth fighter jet took off from the USS Abraham Lincoln (CVN 72), which is sailing in the Arabian Sea to support the U.S. blockade operations against Iran. As of August 2, the Central Command has redirected 35 merchant vessels, rendered 2 merchant vessels inoperable, and boarded 2 vessels for inspection.

GameFi project DeFi Kingdoms announced that its DFK Chain, based on Avalanche L1 (formerly Avalanche Subnet), will officially cease operations on August 28, 2026.The team stated that they will prioritize the secure migration of player assets to Avalanche C-Chain and plan to open the SDK to allow third-party developers to build on the systems, mechanisms, and assets of DeFi Kingdoms.The official emphasized that it is the DFK Chain that is ceasing operations, not the DeFi Kingdoms project itself, and more details about the asset migration will be announced in the coming weeks.

According to Jinshi reports, the Federal Reserve accepted a total of $2.151 billion from 4 counterparties in the fixed-rate reverse repurchase operation.

According to Jinshi reports, the Caspian Pipeline Consortium (CPC) may suspend oil operations until it receives security guarantees from other countries; discussions are currently underway regarding an "indefinite" suspension of oil and tanker operations.

According to Jinshi reports, a large-scale explosion operation was carried out in the areas of Yohmor al-Chqif, Arnoun, and Kfar Tebnit in southern Lebanon at midnight local time in Israel. Local residents reported that a strong shockwave shook the entire area, accompanied by a heavy smell of gunpowder.

According to The Defiant, Paris-based startup Kulipa suddenly ceased operations due to debt issues, leading to the simultaneous interruption of card projects for about 20 crypto wallets and fintech companies it served. Both the self-custody wallet Ready (formerly Argent) and the Solana wallet Solflare were affected, with user card services being immediately disabled.Since both wallets use a self-custody structure, funds are only deducted from the user’s wallet at the time of purchase, and user assets were not harmed. Notably, Kulipa had completed a $6.2 million seed round financing co-led by Flourish Ventures and 1kx in April of this year, just about 4 months before its collapse.

According to Jinshi reports, Israeli Chief of Staff Eyal Zamir stated that the Israeli military will not withdraw from the occupied areas in southern Lebanon before ensuring Israel's security. Zamir made the remarks during an inspection of the occupied areas in southern Lebanon, mentioning that the Israeli military has controlled certain areas and is working to eliminate terrorist infrastructure. If necessary, they will expand the scope of operations to include more areas. He emphasized that there will be no withdrawal from the controlled areas before ensuring long-term security.

According to Jinshi News, the Caspian Pipeline Consortium decided to suspend oil loading operations after a tanker was attacked by a drone.

AI security operations startup Mate Security announced the completion of a $35 million Series A financing round, led by Canaan Partners, with participation from Insight Partners, Team8, and Microsoft's venture fund M12, bringing the total funding to over $50 million.It has been less than a year since the company emerged from stealth mode. Mate Security was founded by former employees of Wiz and Microsoft, and its core product is the "Security Context Graph," which empowers AI security agents with business context by building an organizational knowledge layer, enabling them to make judgments based on actual operational conditions when handling alerts, effectively reducing false positive rates.

Co-founder of the crypto wallet Solflare, Vidor, posted on the X platform that operations have been halted due to the solvency issues of the card issuer partner Kulipa, and the Solflare Card has suspended services. Vidor emphasized the safety of user funds, as the Solflare Card uses an end-to-end self-custody model—funds are deducted directly from the user's wallet without the need for deposits or top-ups, and no user funds are held by the card issuer.The team had made efforts to help Kulipa find a buyer and explore continuity solutions, but to no avail. A new version of the Solflare Card is in development, which will include features such as Apple Pay and Google Pay, higher limits, and cashback, while still maintaining self-custody, and is expected to launch in a few weeks.

Ten European financial institutions have jointly launched Regulated Layer One (RL1). This network has been established and is operational in Luxembourg as a European cooperative, targeting regulated financial markets and tokenized assets. The founding members of RL1 include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 indicates that each member has equal decision-making power in network governance and development.This private permissioned network is based on the infrastructure developed by the German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT states that the platform has processed over 50 transactions amounting to more than 700 million euros during its three years of production use. The intended uses of RL1 include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr, and KfW and L-Bank will continue to support the initiative. RL1 is in discussions with more institutions, including NatWest, about joining the network.

BitMart's global CEO Nenter Chow posted on the X platform stating that he was informed on July 24 that his position as global CEO would be terminated and that he would immediately enter the resignation process.Nenter Chow stated that since July 24, he has not participated in BitMart's management and decision-making, nor has he been involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated that he only learned of this decision after the official announcement from BitMart was made public.Nenter Chow expressed that his primary concern at the moment is the safety of BitMart users' assets and the placement of employees, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

According to the official announcement, BitMart has announced that after assessing its operational status, market environment, and future strategic direction, the platform has decided to orderly cease trading operations. Starting from July 26 at 01:30 (UTC), BitMart will gradually stop new user registrations and cryptocurrency, fiat currency deposits. The contract accounts will enter a mode of only reducing positions, spot trading will stop accepting new orders, and automated services such as copy trading, grid trading, and API trading will also gradually shut down.Starting from August 26 at 01:00 (UTC), BitMart will stop all spot, contract, and other trading services. Any contract positions that have not been closed by then may be processed according to the marked price, index price, or applicable settlement rules. Financial management, staking, lending, and Launchpad products will be terminated in phases, with specific redemption and settlement arrangements to be notified separately.The platform plans to officially cease trading platform operations on January 31, 2027, at 15:59 (UTC). After the shutdown, users will still be able to log into their accounts, view their history, and submit withdrawal requests within a specified period. BitMart advises users to complete identity verification and close all positions before August 26 at 01:00, and to submit withdrawal requests before 05:00 on the same day.Withdrawal services are still available, but some requests may be subject to manual review due to KYC, device and account security, source of funds, withdrawal address, Travel Rule, sanctions screening, and other requirements. BitMart reminds users to download and save their account balances, deposit and withdrawal records, and transaction history in advance, while also being vigilant against scams impersonating platform personnel who charge "expedited fees," "unfreezing fees," or request passwords, verification codes, private keys, and mnemonic phrases.

According to official news, the one-stop trading platform Dango team announced that due to various reasons, the project has no viable path to achieve sustained commercial success and has decided to shut down. The team emphasized user fund safety, withdrawal restrictions will be lifted in the short term, and advised users to close positions and withdraw funds as soon as possible, while reminding that current liquidity is expected to be thin, and caution should be taken regarding slippage risk.At 20:00 Beijing time on July 29 (12:00 UTC), Dango will stop trading, and remaining positions will be closed at oracle prices. DLP gold deposits will be unlocked, and all funds will be returned to users' spot accounts in the form of USDC.At 20:00 Beijing time on August 13 (12:00 UTC), the Dango L1 blockchain will cease operation. At that time, any deposits that have not been withdrawn will be refunded to the user's original Ethereum deposit address.