Venture capital (crypto) stories

Sep 19, 2026

Linera and Switchboard shut down amid crypto bear market

Two crypto projects announced closures within a day of each other: a16z-backed layer-1 network Linera and permissionless oracle protocol Switchboard. The shutdowns add to over 260 crypto project failures already recorded this year.

Sep 19, 20261 source

Sep 6, 2026

Router Protocol to shut down operations and burn 303 million ROUTE tokens

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.

Sep 6, 20264 sources

Jul 16, 2026

Citadel Securities Invests $400 Million in Crypto.com at $20 Billion Valuation

Citadel Securities has made a $400 million strategic investment in Crypto.com, valuing the cryptocurrency exchange at $20 billion in what marks the platform's first institutional funding round since its founding in 2016.

Jul 16, 202612 sources

Top claims

▪Switchboard Technology Labs announced on September 19, 2026, that it will wind down operations and terminate all support for the Switchboard protocol on September 25, 2026.
▪According to data tracker RootData, more than 260 crypto projects have shut down, declared bankruptcy, or become dormant during 2026.
▪Linera shut down after failing to secure emergency funding to reach its mainnet launch, despite having previously raised $12 million across two seed rounds led by a16z crypto and Borderless Capital.

Subtopics

Crypto markets2 Blockchain interoperability1 Blockchain oracles1 Crypto exchanges1 Institutional crypto adoption1 Institutional crypto partnerships & milestones1 Layer 1s1 Tokenomics1

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