operations

According to TAC monitoring, TAC stated that it is investigating a vulnerability attack incident targeting its EVM side based on Cosmos, which only affects the TAC token supply.The team is collaborating with TAC validators to temporarily suspend blockchain operations and will provide timely updates on the investigation results and chain recovery plans. Users are advised to obtain the latest news only through official channels.

BitMart officially released a long announcement on platform X, with the main content as follows: "This announcement aims to inform everyone of the latest developments following the announcement on July 26, 2026. We thank users for their patience during this period.After further discussions with users, stakeholders, and professional advisors, BitMart is formulating a potential restructuring plan as an alternative to a comprehensive liquidation. This plan may include a phased and orderly resumption of some business operations while distributing assets to creditors. The relevant arrangements still require further legal, financial, operational, and compliance assessments. To advance the relevant processes, BitMart has appointed Weikai Law Firm as its restructuring legal advisor. Weikai will work with BitMart's other professional advisors to evaluate feasible plans and assist in formulating a potential restructuring plan, which includes a framework for phased resumption of operations.Currently, we are working with the advisory team to develop a roadmap, aiming to release the next update no later than September 9, 2026.Once the relevant information is confirmed, we will continue to update the community. During the advancement of the above work, we kindly ask everyone to remain patient and understanding. Once the business recovery plan is formally drafted, we plan to solicit feedback from community users. Please continue to pay attention to our official website, official mobile app, and official social media channels for subsequent announcements. As always, please be vigilant against various scam messages and only trust content released through BitMart's official channels. Thank you for your trust and support."

According to The Defiant, Kieran Warwick, co-founder of the Web3 game project Illuvium, stated that the studio has significantly reduced costs over the past six months, and the team recently agreed to further salary cuts. According to him, the adjusted funds can support operations for more than 12 months. He did not disclose the extent of the salary cuts, the number of remaining employees, or the cash reserves.Warwick mentioned that the existing team is almost entirely focused on the MMO game Overworld, with most members having worked together for over three years. In addition to the MMO, there are plans to launch the Celebrations series of Illuvium Beyond, Beyond Chaos, Primal Tactica developed by independent studios, and Loadout, which will allocate tokens for staking contracts, within the year. Primal Tactica will participate in Steam Next Fest in October, and Illuvium will receive most of the revenue.Data from DefiLlama shows that Illuvium's protocol fees and revenue over the past 30 days are approximately $9,781, with a treasury of about $2.78 million. ILV is priced at approximately $3.35, with a market capitalization of about $27.74 million.

BitMart announced that it is developing a potential restructuring plan as an alternative to a complete shutdown. This plan may include a phased restoration of some operations under an orderly arrangement and distribution to creditors, but further legal, financial, operational, and regulatory assessments are still needed.BitMart has appointed White & Case as its restructuring legal advisor to assist in evaluating feasible options and developing a framework for restructuring and phased restoration of operations. BitMart stated that it is currently working with advisors to formulate a roadmap and will strive to provide further updates by September 9, 2026.

XCAD Network officially announced the cessation of operations. The project stated that there have been no updates since April, and there are currently no remaining funds. Continuing to stay on the exchange is a losing battle, and related products and services will no longer be maintained.The official statement mentioned that the company has been operating for five years, making it one of the few projects that have persisted for a long time without being listed on a tier-one exchange. The fan tokens failed to gain traction after retail investors exited, and the team attempted to pivot towards AI influencers but was unsuccessful and is now unable to continue. The team is considering making the code public for those in need to run it themselves, emphasizing that this is not a continuation of the company, nor a restart.

The U.S. Department of the Treasury has announced that it will at least double the scale of liquidity support repurchase operations for long-term nominal coupon securities, involving two maturity ranges: 10 to 20 years and 20 to 30 years.Currently, the maximum scale for each operation is $2 billion, and in the future, the scale for each operation will be raised to at least $4 billion. The adjustment will take effect on September 9, 2026, and will be implemented for the remainder of this refinancing quarter (until November 4, 2026). The Treasury will provide more information about future repurchase scales at the next quarterly refinancing meeting scheduled for November 4, 2026.This expansion of the repurchase operation scale reflects the Treasury's desire to provide stronger liquidity support for the long-term nominal Treasury market. The Treasury will announce updated temporary Treasury repurchase arrangements later.

The peer-to-peer cryptocurrency trading platform NoOnes announced yesterday that it will begin to gradually shut down operations after more than three years of operation. The official statement indicated that it had previously sought to resolve and lift the sanctions against NoOnes, but ultimately was unsuccessful.NoOnes stated that the related sanctions led to the loss of key partners, while blockchain monitoring agencies marked transactions related to NoOnes as high risk, making it increasingly difficult for the platform to continue normal operations.According to the official schedule, the business contraction was initiated on August 17, and the P2P market will close on August 21 at 23:59 UTC. Services such as Swap, NoOnes Visa, fiat withdrawals, gift card store, and Bitcoin Lightning Network will also be gradually discontinued. After that, the platform will only support withdrawals, and users will still be able to log in, check their balances, and withdraw remaining assets.The official recommended that users complete asset withdrawals as soon as possible, no later than August 23.Previously, the peer-to-peer cryptocurrency trading platform NoOnes revealed that the platform had encountered a significant security breach, resulting in a loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed this news after on-chain detective ZachXBT disclosed the hack on his Telegram channel.

The token issuance platform Printr announced that it will initiate a shutdown process, and all operations will cease before August 31, 2026. The team stated that they have explored all feasible paths over the past three months to seek a sustainable solution, but due to a lack of capital and distribution support required by the current market, the project can no longer be maintained.Starting from August 18, 2026, all staking positions and staking rewards on supported chains will be automatically unstaked or claimed and returned to the original wallet address, after which the staking function will be suspended. If users have not received their assets by August 20, they need to contact the team via Discord before August 31. There will be no TGE or airdrop held after the shutdown.After August 31, 2026, the Printr application interface will go offline, and it will no longer be possible to issue new tokens through the platform. Tokens issued by Printr are independent on-chain assets, not owned or controlled by the team, and will continue to exist on the respective chains.

According to CryptoSlate, Nasdaq-listed GD Culture Group disclosed in its financial report for the first half of 2026 that the fair value of its 7,500 BTC (original cost of $842 million) had decreased to $451.2 million as of June 30, resulting in a non-cash unrealized loss of $211.8 million, accounting for 97.9% of the company's net loss of $216.2 million for the first half of the year.It is worth noting that the company did not sell its core BTC reserves but maintained liquidity through large-scale equity financing—after a 1:250 reverse stock split adjustment, the number of shares outstanding surged from 229,000 at the beginning of the year to 4.1625 million, an increase of 18 times, of which 99.65% was cash issuance. The company raised approximately $47.5 million through ATM placements and targeted placements, and as of June 30, the book operating capital was $36.6 million. Management stated that the existing liquidity is sufficient to cover operational obligations for at least the next 12 months.

Binance founder Zhao Changpeng stated at Binance Square: Too many people are trying to overinterpret "What does this mean?" Today, I tested Trust Wallet and found too many Meme tokens in the wallet, so many that it was hard to even find BNB, so I tried to burn some tokens. As a result, even this action sparked quite a bit of community discussion. I realized that I could never "clean up" the meme coins on this address. The more I burn, the more people will send coins to this address. The transparent nature of blockchain means that any action on this address will be overinterpreted by the community.I even considered asking the Trust Wallet team to create an "Ignore Coin" feature to avoid cluttering the interface, but 99.99% of people wouldn't use this feature at all. So the plan is as follows: I will donate BNB and the "Binance Life" tokens purchased with BNB to Giggle Academy. After that, I will stop using this address and turn it into a burn address.

Cosmos ecosystem wallet Cosmostation announced that it will officially cease wallet services. Starting from September 1, 2026, the iOS, Android, and Chrome extension versions will only retain the "Export Mnemonic" and "Export Private Key" functions, while other features will gradually be taken offline.Since this wallet is a non-custodial wallet, user assets are still stored on their respective blockchains. Holding the mnemonic or private key allows users to import the wallet into other compatible wallets for continued use. The official strongly recommends that users complete a secure backup of their private keys or mnemonics before September 1.

The U.S. Commodity Futures Trading Commission (CFTC) requires the prediction market platform Kalshi to continue operating its exchange, executing in accordance with normal business practices and the core principles of the Commodity Exchange Act. The CFTC previously determined that New York's attempt to prevent the platform's operation constitutes a market emergency.The CFTC stated that forcibly liquidating a Bitcoin price position that extends until the end of 2026 could trigger traders to simultaneously unwind Bitcoin and other asset positions, exposing arbitrageurs holding opposite positions to one-sided risk. The order also enumerates contracts such as federal funds rates, traffic in the Strait of Hormuz, and the timing of economic recessions. A ruling signed by Judge Vernon D. Oliver of the U.S. District Court for the District of Connecticut concluded that Kalshi's sports contracts do not constitute swaps; even if they were swaps, federal law would not take precedence over Connecticut's gambling regulations.

According to Caixin's disclosure, Tencent, Zhenge Fund, Sequoia China, and other major shareholders of Manus previously repurchased Manus shares from Meta for $2 billion. This $2 billion transaction price is close to the acquisition price announced by the American social media tech giant Meta in December 2025. Benchmark was the largest shareholder before the acquisition but will not participate in this repurchase of Manus. Benchmark's previous shares will be acquired by Tencent, which will become Manus's largest shareholder. Currently, Manus is operating normally.Yesterday, Manus announced that it will soon resume independent operations. To complete this transition and meet regulatory requirements in some jurisdictions, affected users must complete data backups by 7:59 AM Singapore time on August 23 and begin data recovery from 8:00 AM on August 25 to ensure normal usage thereafter. Manus also stated that it is preparing a series of new features to further expand the capabilities of general AI entities and expressed optimism about the development prospects after the company resumes independent operations.

Manus announced that the company will soon resume independent operations. To complete this transition and meet regulatory requirements in certain jurisdictions, affected users must back up their data by 7:59 AM Singapore time on August 23, and data recovery will begin at 8:00 AM on August 25 to ensure normal usage thereafter.Manus stated that affected users will be notified via email and in-app notifications; users who registered with an Apple ID or Facebook account should pay attention to in-app notifications. Affected users can perform multiple backups before August 23 and can continue to create data after the first backup, followed by re-executing the backup. Starting at 8:00 AM on August 25, the data recovery portal will officially open, and users can continue using their previous data after completing the recovery. During the transition period, affected users will incur no charges, and Manus will also provide rewards.For users not affected by this adjustment, no action is required, and they can continue to use Manus normally; the system will also confirm via in-app notifications that their accounts are unaffected. Manus understands that this adjustment may cause inconvenience to affected users and has provided detailed operational guidelines in the help center, while the customer service team will offer 24/7 support.Manus stated that it is preparing a series of new features aimed at further expanding the capabilities of general AI entities and expressed optimism about the company's development prospects after resuming independent operations.

According to The Block, Keel Infrastructure Corp. (formerly Bitfarms) announced in its second-quarter financial report that it has shut down all of its Bitcoin mining operations in the United States in preparation for transforming its mining sites into AI and high-performance computing data centers.The company sold 1,085 BTC between April 1 and August 7, generating $75 million, and currently holds 1,861 BTC. Keel's CEO stated that power is a limiting factor, and the three priority sites are close to obtaining full permits, with multiple potential tenants in negotiations. The company has $819 million in liquid assets and unused power capacity for 2027.Keel's stock price fell over 11% on Monday, with second-quarter revenue of $300 million, a 50% year-over-year decline, turning from a profit of $110 million in last year's Q2 to a loss of $141 million.

The prediction market Trepa announced that the last playable round will take place on August 12, 2026, after which no new rounds will be opened. The referrals and continuous rewards that users have earned will be sent to the Trepa wallet on August 13. The application will remain online until September 30 for withdrawals, after which it will no longer be accessible. If there is a balance, please withdraw it to your own address through the app wallet before this date.Trepa started at the Bybit x DMCC hackathon in November 2024, initially as a Telegram mini-program based on TON, used for predicting public opinion poll results, and later underwent several hackathons, shifting towards macro events and short-term cryptocurrency price predictions.

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.