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Solana social wallet Hey Wallet announced on X that it will shut down its product. This product allows users to send SOL through tweets, tip creators, mint NFTs, and conduct transactions on X, Discord, and Telegram.Hey Wallet thanks users who have used the above features and reminds users to back up their wallets.

According to market information, A-share Yushu Technology fell nearly 3%, with its stock price dropping below 500 yuan per share for the first time, and a total market value of 202.1 billion yuan; on its first day of listing, the stock price reached a peak of 1100 yuan per share, and the market value once soared to 444.9 billion yuan. Currently, it has evaporated over 240 billion yuan compared to its market value peak.

Former Magic Eden community data analysis contributor and founder of Magic Lab, Ben Gruenbaum, posted on X, accusing the NFT market Magic Eden of changing rewards, governance, products, and strategic direction after users locked up $ME for the long term. He stated that $ME has a fixed supply of 1 billion, of which 225 million are reserved for active user rewards over four years and are unlocked linearly, with the longest lock-up period being four years and no early withdrawal allowed. After distributing 10 million $ME in Season 1, an additional 2.3 million was added due to issues, and the rewards for Season 2 increased from 8 million to 10 million.The community fund was launched with 5 million $ME. The proposal supported by Magic Lab requested 295,000 $ME (approximately $177,000 at $0.60), but the budget shrank due to price declines. Users continued to lock up during the shutdown of the Bitcoin and EVM markets, as well as the Runes infrastructure and wallet, with rewards shifting to USDC. Magic Eden promised $75 million to Dicey, and some top stakers reported issues receiving USDC and have filed lawsuits. Gruenbaum stated that this is not a story about the token's decline, but rather about changes in ecosystem factors after users made long-term commitments.

Harmony has released two proposals to comprehensively shut down the mainnet launched in 2019, migrate the native token ONE to Ethereum, and shift towards an AI video "mashup economy" business. The team stated that the threats posed by national-level attackers and AI entities are the reasons for proposing the network shutdown plan.The migration plan proposes to take a snapshot of user wallets, staking delegations, validator rewards, smart contracts, and tokens within centralized exchanges at the last block of the network, airdropping new ONE to the same wallet addresses on Ethereum, with holders not needing to actively claim; delegated stakes and unclaimed rewards will be airdropped to their respective governance vaults. The total supply of ONE and the issuance rate will remain unchanged, with newly issued tokens intended for the new business and feedback from governors being considered.Multi-signature wallets, liquidity pools, and on-chain applications cannot be migrated. The team urges users to exit all smart contracts by September 10, 2026, and plans to publicly disclose token contracts, snapshot calculations, and airdrop scripts for auditing. Validators can stop running nodes starting from September 10 at 22:00 Beijing time. The team plans to compensate for the difference in issuance rewards between node shutdown and the final block of the network, establishing a one-time compensation pool of $1.372 million, to be paid in four quarters to validators and their delegators who timely shut down, sign agreements, retain stakes, and serve as governors of the new project.The new business will open up prompts and materials for users to create secondary content, with AI entities expanding video stories, and will recruit operators responsible for video generation, distribution, and content review. Harmony plans to subsidize GPU hardware in the first year and promote demand for video generation, with operators required to stake tokens to earn rewards based on service online time. The team plans to help operators generate up to $1 million in total revenue in the first year, provided they meet staking and online rate requirements; promoters can initially earn a 30% ongoing commission from each $10 monthly subscription they recommend. Both proposals are non-binding and the plans may still be adjusted.

The cross-chain protocol Router Protocol announced that after more than four years of development, it has decided to gradually cease operations and will fully shut down before September 30, 2026. The team stated that over the past two years, Web3 liquidity has remained scarce, the market focus has shifted to AI, the enthusiasm for cross-chain interoperability has waned, and the revenue from bridging services has been insufficient to cover costs. Although various paths such as commercialization, licensing, and acquisitions were attempted in the past year, no sustainable solution was achieved. Router Protocol will permanently destroy 303,333,198 ROUTE tokens pending in the treasury and will coordinate with centralized exchanges to delist ROUTE. Holders need to withdraw their tokens according to the arrangements of each exchange before the deadline. In addition, the project will not launch any new plans related to ROUTE and plans to open-source some technical components for community use.

According to CryptoSlate, the Ethereum Layer 2 network Silicon announced that it has stopped accepting new bridging deposits as of September 2 and has initiated the shutdown process. Users must withdraw all assets by December 31, after which the network and block explorer will go offline, and remaining assets will be unrecoverable.There are still approximately $9.75 million in assets on-chain, including USDC ($2.66 million), WBTC ($2.54 million), ETH ($2.08 million), and USDT ($1.85 million). Assets bridged from the Ethereum mainnet can be directly withdrawn during the window period, but tokens issued directly on Silicon cannot be bridged directly and can only rely on the remaining on-chain liquidity for exchange, which may become increasingly difficult as the shutdown progresses. Silicon's Web3 wallet will also be deactivated.

SVM public chain Fogo officially announced that the Fogo mainnet has been temporarily shut down as a precautionary measure due to the detection of unauthorized activity in the past hour.The shutdown aims to prevent further transfer of affected assets. During the downtime, the network will be upgraded to restrict addresses related to the incident. Fogo stated that further updates will be shared after confirming more information and urged users to rely solely on this official channel for updates.

Sources from relevant personnel at Zhongke Shuguang reveal that the company will launch a new generation of token acceleration solutions aimed at large model inference, focusing on addressing issues of redundant computation and data scheduling during the inference process.Currently, Zhongke Shuguang's ParaStor distributed storage has been applied to the country's first fully domestically produced 100,000-card AI supercluster Shuguang 8000 (Dengfeng), providing data throughput and elastic scaling support for large-scale computing tasks. The latest report from CCID Consulting shows that Zhongke Shuguang ranks first in four sub-industries: AI, education, embodied intelligence, and autonomous driving.

Lisk announced that it is transforming into a modern funding operations platform aimed at financial teams. As part of this transition, Lisk Chain will gradually shut down, and the team has established an optional migration path to Celo for builders currently deployed on Lisk.In the relevant statement, Lisk introduced the key points of the migration arrangements to builders, emphasizing that this path is available for existing deployed projects to voluntarily choose in order to continue advancing their business during the shutdown process of the Lisk chain.

Stablecoin issuer Tether entered Uruguay in May 2023, planning to engage in sustainable Bitcoin mining and invest in energy production with local licensed companies. The project has two mining sites in the Florida province, with an estimated investment of 60 million USD each, totaling approximately 120 million USD.Uruguay's state-owned electricity company UTE had a disagreement with Tether regarding the electricity supply contract amount. Tether's Uruguayan entity Microfin stopped paying electricity bills in May 2025 and notified of its intention to terminate the contract in June; on July 25, UTE cut off power to the mining site, with Microfin owing nearly 5 million USD and monthly electricity costs of about 2 million USD.On November 25, 2025, Tether notified the Uruguayan labor department of its cessation of operations, with 30 out of 38 local positions being eliminated. UTE stated that Microfin had settled its debts by December; in 2025, 98% of Uruguay's electricity generation came from renewable energy.

According to Jinshi reports, C Yushu-W's stock price opened lower and continued to decline. By the close, it reported 603.08 yuan, down over 10%, with a total market value of 243.9 billion yuan. Based on the closing price of the previous trading day, Yushu Technology's market value evaporated by over 20 billion yuan during the day, and has decreased by over 200 billion yuan compared to the opening on the first day of listing.

According to CryptoSlate, the Pakistan Virtual Assets Regulatory Authority (PVARA) has required cryptocurrency exchanges and related service providers operating locally to enter a new licensing process by September 5, or they must cease relevant operations. PVARA opened the licensing application portal for virtual asset service providers on August 22 and released regulatory rules for virtual asset services.According to the regulations, service providers that have been conducting cryptocurrency business in Pakistan must submit a "No Objection Certificate" (NOC) application. During the application review period, as long as a complete application is submitted on time, they may continue to provide existing services. Businesses that do not submit applications by September 5 must stop relevant services within the regulatory scope, and continuing operations will be considered a violation. PVARA added that this policy does not constitute a comprehensive ban on cryptocurrency but establishes a "compliance or exit" regulatory mechanism applicable to exchanges, custodians, and other businesses providing virtual asset services to users in Pakistan.

According to on-chain analyst Yu Jin's monitoring, as Yushu retraced after opening, a certain whale has taken a position at a price of $110, currently facing a loss of $170,000.This whale placed an order for Yushu worth $5 million at $90 before the listing opened yesterday, but the order was not executed due to a significant gap up at the opening. Subsequently, the order price was raised to $110, and it was executed this morning during the retracement.

At the 2026 World Robot Conference, Wang Xingxing, founder and chairman of Yushu Technology, delivered a keynote speech titled "From Exhibits to Products: The Next Decade of the Humanoid Robot Industry." He stated that the company has been continuously promoting the integration of robots into daily life in recent years, including applications in automotive factories, deploying simple tests in its own factory, and the AI team advancing robots into households for work. However, due to overall efficiency and versatility still being insufficient, large-scale promotion has not yet occurred.Wang Xingxing believes that moving towards an embodied intelligent ChatGPT moment ideally requires 2 to 3 years, or even longer, 5 to 10 years. Reaching this moment means that in 80% of unfamiliar scenarios, robots can successfully complete about 80% of tasks through voice or text commands. The most critical challenge currently is the alignment of input and output of AI large models with real robots.

The Solana ecosystem identity and user incentive project Solana ID announced that it will gradually shut down its operations. Solana ID Hub, API services, and Solana Display Network will cease operations by the end of September 2026, and no new collaborations are being accepted at this time. User data will be deleted by the end of this year, and related mailing lists will also be cleared, unless users actively choose to join new mailing lists unrelated to Solana ID.The team stated that the project had launched the SOLID Priority Pass, completed token sales for SwissBorg and BorgPad, and launched the Hub to attract over 17,000 users, while continuously conducting collaborative activities and SOLID Talks. However, difficulties in cold-starting the bilateral market, long supply cycles for rights, and challenges in attracting top application traffic to the display network, combined with reduced marketing budgets in the bear market and limited financing options, ultimately led to the decision to cease operations.All SOLID held in the company's treasury has been destroyed, accounting for approximately 73.78% of the total token supply. The tokens remain on-chain, and the liquidity pool is in a locked state. The team expressed an open attitude towards selling the brand and technology, and stated that members will continue to deepen their involvement in the Solana ecosystem.

According to on-chain analyst Yu Jin's monitoring, Yushu opened with a price higher than a certain whale's limit order price of 90 USD, which has not been executed.The whale raised the limit buy price to 110 USD and still plans to buy 5 million USD, while the current price of Yushu is 116 USD.

Yushu Technology (688836) today debuted on the STAR Market, with an opening market value reaching 444.9 billion yuan, bringing astonishing returns to early investors. Angel investor Yin Fangming, who invested 2 million yuan in the seed round in 2016, holds 11.1749 million shares through Junwan Hongyi, with a holding value of approximately 12.292 billion yuan based on the opening market value, achieving a return multiple of 6134 times, netting about 12.29 billion yuan.Sequoia China participated in the angel round with an investment of 15 million yuan in 2019, at which time the post-investment valuation was only 150 million yuan. By the time of the listing, it held a total of 25.8995 million shares, with a holding value of approximately 28.489 billion yuan, making it the largest market-oriented VC/PE institution holding shares in Yushu. Matrix Partners entered in the B round in 2022, holding 19.8491 million shares, with a holding value of approximately 21.834 billion yuan.A fund under DJI had planned to participate in the capital increase in 2018 with about 10.12 million yuan, corresponding to a post-investment valuation of about 60 million yuan, but later withdrew, missing out on over 25 billion yuan in floating profits based on the opening market value.

"First stock of humanoid robots" Yushu Technology (688836) today debuted on the Sci-Tech Innovation Board, opening with a rise of over 500%, with a market value exceeding 350 billion yuan. Before the issuance, the company established an equity incentive platform, Shanghai Yuyi, holding 39.8286 million shares of the company, with a shareholding ratio of 10.9414%. The heads of mechanical structure Yang Zhiyu, sales and service system Chen Li, and algorithm and software Zhang Yangguang hold indirect shares through Shanghai Yuyi, with ratios of 0.49%, 0.26%, and 0.15% respectively. Based on a market value of 350 billion yuan, the shareholding values of the three individuals reach 1.715 billion yuan, 910 million yuan, and 525 million yuan respectively.