Bitcoin Layer 2 Botanix to wind down network, urges users to withdraw assets
Botanix to wind down Bitcoin Layer 2 after four years, citing weak fee revenue and urging users to withdraw assets by July 9.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Botanix to wind down Bitcoin Layer 2 after four years, citing weak fee revenue and urging users to withdraw assets by July 9.
Why this matters
Bitcoin is showing up inside the Layer 2 theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The BlockRelated market context
SecondFi to Wind Down After $2.6 Million ADA Theft Tied to Wallet Flaw
Cardano wallet SecondFi said it will wind down its own service and the Yoroi wallet it took over, roughly a month after attackers...
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...
BitMEX to shut down exchange after 11 years of operations
BitMEX will shut down its exchange on Sept. 23, 2026, at 04:00 UTC after its board concluded a review of the business and the cryp...
BitMEX to shut down permanently 11 years after Arthur Hayes co-founded crypto exchange
BitMEX, co-founded by Arthur Hayes, will shut down on Sept. 23, 2026, at 04:00 UTC after owner HDR Global Trading's strategic revi...
BitMEX to shut down after 11 years in crypto derivatives
BitMEX announced it will shut down operations on Sept. 23, 2026, after owner HDR Global Trading Limited decided to close the crypt...