Porsche is shutting down its Web3 project and Pioneers Circle community after nearly four years, with its 911 NFT collection experiencing a sharp decline in trading activity. The 7,500-token collection, launched in January 2023, saw minting halted at 2,363 tokens due to pricing and utility complaints. While NFTs remain onchain, Porsche will archive its Discord and cease active project updates.
South Korean crypto exchange operating profits declined 78% in the first half of 2026 as trading volumes, market capitalization, and customer deposits all fell significantly. The downturn reflects a shift by retail investors toward South Korea's stock market, with the KOSPI index doubling while crypto trading volume plummeted.