[Polychain and Coinbase-Backed Satori Finance Announces Shutdown] Odaily Planet Daily News: The multi-chain decentralized exchange Satori Finance, backed by institutions such as Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to the 'prolonged unfavorable market environment,' its revenue is insufficient to sustain ongoing operations, leading to the decision to gradually shut down its business. Users must withdraw their assets by 23:59 UTC on July 16, after which the platform will no longer be accessible. Satori Finance previously completed a $10 million seed funding round in 2022, led by Polychain Capital with participation from Coinbase Ventures and Jump Crypto, deploying across multiple networks including Arbitrum, Optimism, and BNB Chain. The platform once focused on offering 25x leverage and a 'points mining' incentive model. (The Block)