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ChainCatcher statistics show that in a bear market, 21 projects announced closures or reductions in services, covering DeFi, NFTs, wallets, and games. Leap Wallet fully shut down on May 28. Magic Eden ME Wallet stopped service on May 1. Fantasy Top planned to take down non-core features in mid-June. Angle Protocol stabilized its stablecoin business, while ZeroLend and Polynomial Finance scaled back operations. Nifty Gateway and Sound.xyz partially shut down certain business lines. Games such as Runiverse and Pixiland Social paused blockchain-related activities, while Dmail and others exited due to funding or market factors. Analysts say industry reshuffling helps focus on real utility and sustainable economic models.

Morpho co-founder and CEO Paul Frambot stated that after communicating with several major institutions over the past week, he drew two conclusions: first, institutions remain interested in DeFi, with asset management, payments, and lending moving onto the blockchain at a large scale; second, institutions have completely lost trust in liquidity pools, seeking control over code, risk, and compliance, and connecting to globally compatible liquidity networks. Frambot believes that open finance will create enormous value.

Canaan announces another customized mining machine order from Tether, providing immersion cooling high-density hash rate boards, planning to deploy facilities in South America. The two parties continue their R&D collaboration with ACME Swisstech, forming a proof-of-concept platform to improve mining efficiency. Tether is developing its own control board and management software, promoting deep integration of hardware and software, with an agreement including additional procurement options. Previously, Tether announced an open-source mining framework. Canaan is a Singapore-listed company, holding approximately 1,808 BTC, with a market value of about $137 million.

Ethereum NFT marketplace Foundation announces permanent closure, founder Kayvon Tehranian states unable to find a suitable buyer, decides to cease operations. It facilitated approximately $230 million in sales, and its closure raises questions about the permanence of centralized NFTs.

The Arbitrum Security Committee has successfully rescued 30,766 ETH stored in a vulnerable KelpDAO address and transferred the funds to a secure location through technical solutions, ensuring community safety without affecting users or applications.

KelpDAO stated that over the past few days, with support from partners and the community, they have continued to advance incident response, making substantial progress with the Arbitrum Security Council in freezing stolen funds, and SEAL 911 participating in preliminary investigations. The team remains user-centric, focusing on protecting asset security and strengthening the protocol, and will disclose subsequent developments through official channels. Previously, the hacker had essentially laundered $175 million worth of ETH into BTC.

According to SoSoValue data, on April 29th Eastern Time, Bitcoin spot ETF experienced a total net outflow of $138 million.
The highest single-day net inflow was Morgan Stanley MSBT, approximately $10.81 million, with a total of $164 million;
the largest single-day net outflow was BlackRock IBIT, approximately $54.72 million, with a total of $23.39 million.
As of the time of writing, the total net asset value is $99.27B, with a net asset ratio of 6.55%, and a total net inflow of $58.07B historically.

According to SoSoValue's ChainCatcher data, yesterday Bitcoin spot ETF had a total net outflow of $89.6754 million, with the highest single-day net inflow in ARKB at $41.2021 million, and a historical net inflow of $1.61B; the largest single-day net outflow was BlackRock's IBIT at $1.12 million. As of the time of writing, the total net asset value is $100.39 billion, with a net asset ratio of 6.56%, and a total historical net inflow of $58.21B.

ChainCatcher News, Solana ecosystem meme coin BELIEF's market capitalization surged this morning, once increasing by over 17 million USD, hitting a new all-time high. As of press time, it has pulled back slightly, currently reported at 13.2 million USD, with a 24-hour increase narrowing to 18%, and a trading volume of 3.7 million USD.
ChainCatcher reminds users that meme coin trading is highly volatile, often relying on market sentiment and hype around concepts, and lacks real value or use cases. Investors should be cautious of risks.

ChainCatcher, according to SoSoValue data, shows that yesterday, as of May 1 in U.S. Eastern Time, the total net inflow of Bitcoin spot ETFs was $630 million. The highest single-day net inflow was from BlackRock IBIT, with a daily inflow of $284 million and a cumulative inflow of $327 million; second was Fidelity FBTC, with a daily inflow of $213 million and a cumulative inflow of $11.082 billion. Before publication, total net assets were $103.785 billion, the net asset ratio was 6.66%, and the historical cumulative net inflow was $58.718 billion.

ChainCatcher reports from SoSoValue that on May 1st, Eastern Time, Ethereum spot ETF saw a net inflow of approximately $101 million. Fidelity's FETH had a single-day net inflow of $49.39 million, with a total net inflow of $2.29B; BlackRock's ETHA had a single-day net inflow of $43.16 million, with a historical total net outflow of $100 million. The total net asset value is $13.6B, with a net asset ratio of 4.93%, and a historical total net inflow of $12.02B.

ChainCatcher reports that, according to on-chain analyst Ember's monitoring, the KelpDAO hacker has exchanged nearly all of the 75,700 ETH (approximately $175 million) in one and a half days.
The hacker primarily used the THORChain protocol for cross-chain swaps, which contributed $800 million in trading volume and $910k in platform fee income to THORChain.