Joe "sh0edog," the former general counsel at Magic Eden, said he has joined consumer crypto finance app fomo as general counsel. His background also includes advisory work at Day One Law, a previous role at Fenwick West, and experience in the crypto sector dating back to 2016. In his remarks, sh0edog described fomo as one of the fastest-growing consumer finance apps. He said the platform has passed $100 million in daily spot trading volume, has more than 61,000 daily active traders, ranks No. 5 in the U.S. App Store finance category, and has raised about $95 million in total funding. He said the team stands out for execution and integrity, and added that he sees room for fomo to develop into a global financial social graph. fomo co-founder seyong and other team members have publicly welcomed the appointment. sh0edog said he plans to help advance the company’s growth in global consumer crypto and social applications.

Rarible said on Thursday that its NFT marketplace is now live on Solana, with Claynosaurz selected as the first featured drop. The platform now lists Solana alongside Ethereum, MegaETH and Base, and includes dedicated Solana Explore, Mint and Gacha pages. Solana’s verified X account amplified the launch the same morning. In its own launch statement, Rarible said it had spent months building, testing and preparing the rollout without announcing it, and described its earlier Gacha Station release on the network as a preview of what was coming. The company also said it had spent weeks speaking with NFT communities across Solana and that the feedback helped shape how the marketplace works. Rarible said more collections will be added over the coming days and weeks, calling the launch “only the foundation.” The move extends Rarible’s push beyond Ethereum, where it has also launched its own network, RARI Chain.

More than 60 crypto companies, blockchain projects, and DeFi protocols either shut down or filed for bankruptcy between January and July 2026, according to statistics cited by Bitcoin.com News and reported by PANews on July 29. The pace of closures picked up noticeably in the final weeks of July. The report identified three main drivers behind the wave: security breaches, regulatory friction, and business models that could not be sustained. The list spans multiple parts of the industry, including exchanges, Layer 1 and Layer 2 projects, DeFi protocols, wallet providers, NFT and gaming platforms, and DAO tooling services. Among exchanges, BitMEX said it will cease operations on Sept. 23, while AscendEX halted trading on July 1 after failing to secure an EU MiCA license. BitMart has begun a phased shutdown, and Odos is set to close all services on July 30. On the bankruptcy side, Movement Labs filed for Chapter 11 on July 21, Poolin sought bankruptcy protection this month, and Storj Labs also submitted a Chapter 11 filing.

Whale.io has launched its $WHALE NFT collection on Solana, with each card backed 1:1 by locked on-chain tokens and redeemable at any time. Minting is live on mintwhale.io, with secondary trading available on Magic Eden.

UX Chain has begun a phased shutdown, telling users to close borrowing, lending, and vault positions before April 30, 2026. The blockchain will fully cease operations on May 15, as other crypto products also exit the market.

Lootex said it will close its NFT marketplace on April 4, 2026, after major changes in the NFT market. The team said the platform is non-custodial and users’ NFTs remain in their own wallets.

Solana has built its position on fast transaction speeds, low fees, and a hybrid PoS-PoH design. This article reviews its network mechanics, price history, key use cases, and how it compares with Bitcoin, Ethereum, and BNB Smart Chain.

More than 20 funded crypto projects shut down or cut back in Q1 2026. The trend points to a market reset, with users, liquidity, and capital moving toward larger platforms and major assets.