Storj Labs

A broad crypto consolidation is accelerating as more than 100 projects shut down, file for bankruptcy or go permanently dark in 2026. The pressure is hitting layer 2 networks, DeFi protocols, tooling startups and exchanges as token treasuries shrink and hacks become harder to survive.

A sharp decline in retail activity is forcing smaller crypto platforms into a tougher fight for survival. BitMEX, BitMart and other crypto-linked firms are becoming symbols of a market where scale, compliance and transparency matter more than hype.

Bitcoin and gold are attracting renewed attention as investors weigh the implications of a record U.S. debt burden and potential dollar debasement. BTC is trading just above $65,000 while ether’s relative strength is fueling talk of a broader altcoin rotation.

Storj Labs has filed for Chapter 11 bankruptcy in West Virginia while saying its decentralized cloud storage services will continue. The company’s restructuring proposal includes a rare plan to share ownership of the reorganized business with token holders, management, and investors.