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Crypto

82 crypto projects shut down this year, survival at risk amid bear market and funding crunch

A total of 82 cryptocurrency projects and protocols have stopped operating so far this year, as a prolonged bear market, worsening profitability, depleted funding and security incidents weigh on the sector. Researcher Stacey Moore compiled the list and posted it on X, including Balancer and Radiant Capital. Separately, DefiLlama said about 100 projects announced shutdowns this year, citing weak product-market fit and funding constraints despite sizeable fundraising.

Crypto

KB Securities joins Securitize, Optimism to pursue STO business for institutions

KB Securities will work with tokenisation platform Securitize and the Optimism Foundation, which operates Ethereum layer-2 network OP Mainnet, to pursue a token securities (STO) business for domestic institutional investors. The companies signed an MOU to jointly 추진 asset-backed token securities projects. KB Securities will handle product supply, Securitize will provide tokenisation infrastructure and Optimism will support the blockchain network. The firms plan to offer tokenised MMFs and funds, and later expand tokenised assets.

Crypto

Circle launches Arc layer-1 blockchain mainnet targeting stablecoins

Circle has launched the mainnet of Arc, a layer-1 blockchain that uses USDC as the asset for transaction fees. Cointelegraph reported that Arc targets stablecoin payments and financial markets, especially agent-based trading. Arc is compatible with the Ethereum Virtual Machine and offers sub-second payment finality. It supports more than 20 fiat stablecoins and provides tokenised assets such as BlackRock’s BUIDL and Circle’s USYC in native form.