A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care
"It did not work," Botanix said. "At least not in this market and not in this timeline."
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Bitcoin is showing up inside the DeFi theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CoinDeskRelated market context
BitMEX to Shut Down Exchange on Sept. 23, Urges Withdrawals
BitMEX will permanently shut down its exchange on Sept. 23, the crypto derivatives venue said on Thursday, telling users to close...
Crypto Derivatives Exchange BitMEX To Shut Down in September
Bitcoin Magazine Crypto Derivatives Exchange BitMEX To Shut Down in September Crypto exchange BitMEX will close down in September,...
BitMEX, Pioneer of Crypto Perps, Closes Down Just as the Market Heats Up
BitMEX, the derivative exchange that revolutionised crypto trading with the invention of the perpetual swap, has announced it will...
Latest $3.8 billion RWA recovery shows how quickly DeFi absorbed the KelpDAO shock
Active use of tokenized real-world assets in DeFi has returned to about $3.77 billion, close to the level visible before an April...
BitMEX token crashes 90% as exchange announces shutdown
BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its B...
DeFi loses $35M in a day: Are ‘bounties’ inviting more hacks?
An ongoing hacking spree has claimed another three victims in the past 24 hours, with a total of over $35 million lost. Verus brid...