Over 20 crypto projects including wallets, exchanges, NFT platforms, and DeFi tools shut down in Q1 2026 amid declining trading volumes and funding difficulties.
NFT Exchange Magic Eden Abandons Bitcoin for Gambling
Magic Eden, the largest NFT exchange, discontinues Bitcoin Ordinals support, pivoting to online gambling and betting markets due to declining NFT market conditions.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.