Router Protocol, a cross-chain infrastructure project backed by Coinbase Ventures, announced it will shut down all operations by September 30 after failing to commercialize its products and stand out in a competitive market.
Router Protocol, a Coinbase Ventures-backed cross-chain infrastructure project, announced it will cease all operations by September 30, 2026, and burn approximately 303 million ROUTE tokens (30% of total supply) after failing to commercialize its products in a competitive market.
Coinbase Ventures purchased ENA tokens on the open market and announced a partnership with Ethena to develop onchain savings products, with a Coinbase integration set to roll out next week targeting their combined user base of over 100 million.
Tokenization platform Midas secured $50 million in Series A funding to scale its institutional asset infrastructure. The company holds regulatory approval in Liechtenstein under the DLT framework enabling EU-wide passporting.
