- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Hats.finance has announced the gradual discontinuation of its custodial operation services, citing the market size not growing as expected and the share being eroded by AI security tools.
BlockBeats News, December 1st, according to official sources, Hats.finance has announced that it will gradually terminate its custodial operation service.
Hats.finance stated that, after careful evaluation, it has recognized that continuing to maintain a centralized user interface and server operation is unsustainable. Currently, there is no new legal or operational framework plan to continue the current custodial technology stack. Since 2021, Hats.finance has always pursued the idea that "a decentralized market should have decentralized security."
However, reality has not aligned with the initial vision. Smart contract security budgets have not grown in sync with the expansion of DeFi as expected. Meanwhile, the rapid advancement of AI security tools, as well as the increasing maturity of secure, reusable smart contract building blocks, have reduced the market's demand for protocols like Hats, making it difficult for the HATS token to maintain long-term sustainable value support.
In the future, Hats.finance's custodial frontend and backend (user interface and server) are expected to go offline on December 31, 2025. Most functions relying on this custodial technology stack will gradually cease operations. The Hats protocol itself is still deployed on-chain and governed by a DAO. The core contract is designed to continue running according to its code logic. If you wish to withdraw funds through the custodial user interface, it is recommended to initiate a withdrawal request by December 17, 2025 (requiring a 7-day cooldown period plus a 7-day withdrawal window).
You may also like
Beyond the Battle: PS5 Prizes, 1,000 USDT Giveaways & Key WEEX AI Trading Insights from Istanbul
Get key insights from the frontline of AI trading: Analysis of a live showdown in Istanbul reveals when human intuition beats AI, and where algorithms dominate. Learn the future of collaborative trading.
2026 Spring Festival: Why Did Tech Giants Splurge 4.5 Billion on Insane AI Payment Subsidies?
Bloomberg: How Did a16z Become a Key Player in US AI Policy?
Bitcoin's Big Brother Scythe, a Nasdaq Heist Chronicle
ARK Invest: Stablecoins are Constructing the Next-Generation Monetary System
President Trump Asserts Imminent Passing of Crypto Market Structure Bill
Key Takeaways Presidential Confirmation: President Trump states the major crypto market structure bill is on the verge of…
Germany Central Bank Head Advocates for European Crypto Stablecoins Under EU MiCA Framework
Key Takeaways Joachim Nagel, head of the Germany Bundesbank, is advocating for the adoption of euro-based crypto stablecoins…
Polygon Surpasses Ethereum in Daily Fees as Polymarket Bets Rocket
Key Takeaways Polygon has outpaced Ethereum in daily transaction fees, a historic shift driven by activity on Polymarket.…
Bitcoin Price Prediction: BTC Short Squeeze Alert – Is a Significant Rebound on the Horizon?
Key Takeaways Recent data indicates Bitcoin shorts have escalated to unprecedented levels reminiscent of a major market low…
Google’s Gemini AI Predicts the Price of XRP, Solana, and Bitcoin by the End of 2026
Key Takeaways XRP’s Potential: Google’s Gemini AI forecasts XRP could reach $10 by 2026, leveraging Ripple’s payment solutions…
Top Analyst Warns Bitcoin Price Could Plummet to $10,000 Amid Deepening Bear Market
Key Takeaways Bitcoin’s value could potentially drop to $10,000 as part of an imploding bubble, suggests a renowned…
Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is poised for long-term growth with its recent strategic expansions in institutional-grade payments and tokenization.…
Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, after leaving Multicoin Capital, criticized Hyperliquid, a decentralized exchange, labeling it as a systemic…
XRP Price Prediction: A 50M Token Sell-Off Just Shook the Market — Is More Loss Imminent?
Key Takeaways Over 50 million XRP hit the market within a span of less than 12 hours, leading…
Strategy Plans to Equitize Convertible Debt Over 3–6 Years: What It Means for BTC
Key Takeaways Strategy, led by Michael Saylor, is equitizing $6 billion in convertible debt as a long-term strategy…
BlockFills Freezes Withdrawals as Bitcoin Declines, Heightening Counterparty Risk Concerns
Key Takeaways BlockFills, an institutional trading firm, has stopped client withdrawals amid rising market volatility and Bitcoin price…
Leading AI Claude Predicts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways Claude AI projects substantial growth for XRP, Cardano, and Ethereum by the end of 2026, with…
Crypto Price Forecast for 16 February – XRP, Ethereum, Cardano
Key Takeaways Technical trends and recent developments suggest potential growth for XRP, Ethereum, and Cardano. XRP is targeting…
Beyond the Battle: PS5 Prizes, 1,000 USDT Giveaways & Key WEEX AI Trading Insights from Istanbul
Get key insights from the frontline of AI trading: Analysis of a live showdown in Istanbul reveals when human intuition beats AI, and where algorithms dominate. Learn the future of collaborative trading.
2026 Spring Festival: Why Did Tech Giants Splurge 4.5 Billion on Insane AI Payment Subsidies?
Bloomberg: How Did a16z Become a Key Player in US AI Policy?
Bitcoin's Big Brother Scythe, a Nasdaq Heist Chronicle
ARK Invest: Stablecoins are Constructing the Next-Generation Monetary System
President Trump Asserts Imminent Passing of Crypto Market Structure Bill
Key Takeaways Presidential Confirmation: President Trump states the major crypto market structure bill is on the verge of…
App