Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi
The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.
Watchlist
Archive context. The story has cross-source confirmation.
The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.
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 CointelegraphRelated market context
L-BTC Peg-Out Still Shut Down as Blockstream Refuses Hacker Demand
It’s been 11 days since the so-called white hat hackers siphoned nearly 4,000 BTC from the Liquid Network. Since then, after the r...
S&P Global Agrees to Buy OpenZeppelin and Fold Smart Contract Audits Into Ratings
S&P Global announced on Thursday that it has agreed to acquire OpenZeppelin, the smart contract security firm, and will run it as...
Morpho launches stock-backed loans on Base, letting users borrow against tokenized Coinbase stocks
Morpho's stock-backed loans on Base could revolutionize DeFi by enhancing liquidity options and integrating traditional finance as...
Why risk a smart contract exploit when safe US Treasuries pay better crypto yields?
The Federal Reserve raised its target range by 25 basis points to 3.75%-4.00% on Sept. 16, pushing the one-year Treasury yield to...
18 Polymarket Users Face Korean Prosecutors After Police Traced Their Wallets
South Korean police have referred 18 Polymarket users to prosecutors on suspicion of illegal gambling, in an investigation that be...
Bitcoin (BTC) Price Today: SOPR Turns Bullish as BTC Holds $81K, Eyes $83K-$86K Short Squeeze
Bitcoin price and market data show BTC trading around $81,300 at the latest update, with a 24-hour range between $77,968 and $81,6...