[Cardano Founder Warns of a 'Wave of Failures' Following TapTools Shutdown] According to The Block, in response to the announcement that Cardano ecosystem data analytics and infrastructure platform TapTools will gradually shut down, Cardano founder Charles Hoskinson commented that TapTools is another loss for the ecosystem following JPG Store. He warned of a potential 'wave of failures,' predicting that more projects may shut down, DeFi operations may cease, and industry consolidation may occur in the second half of the year. He stated that some older projects no longer hold investment value, resources to support struggling projects are limited, and he lacks direct control over ecosystem funding decisions and treasury allocations.