Botanix Shuts Down Bitcoin L2, Blames BTC Apathy
A year after mainnet, the chain wound down with $119,500 of TVL — a candid post-mortem that puts the viability of every Bitcoin layer-2 from Rootstock to Citrea back on the table.
Market-moving crypto headlines from the last 24 hours.
A year after mainnet, the chain wound down with $119,500 of TVL — a candid post-mortem that puts the viability of every Bitcoin layer-2 from Rootstock to Citrea back on the table.
Public-sale fundraising collapsed to $58M in Q2, down 85% quarter-on-quarter, with May logging just 13 sales — the lowest monthly count since December 2020.
Not a smart-contract bug — a single developer laptop compromised by malware exposed the admin hot wallet plus six Safe owner keys across Ethereum and BSC, draining over $31M.
The metals that traded like AI-infrastructure proxies for the first half of the year have now given back every basis point of YTD gains, with gold off 25% from its $5,600 peak and silver cut nearly…
The May CPI is forecast at 4.2% YoY, a three-year high, and the bond market is already pricing 25bp of additional tightening by year-end — a broad-based upside surprise would be the trigger for a…
Von der Leyen confirmed a 21st sanctions package granting the EU authority to blacklist entire third countries from crypto-asset services — Moscow retaliated the same day with fees on dollar…
Ethereum ETFs shed another $41M on the same day, with Grayscale's ETHE accounting for $17M of the leak — the institutional bid that defined the first quarter has gone quiet.
A top-tier VCs Bitcoin L2 couldn't cover infra costs — its own framing of the shutdown is a candid read on where BTC DeFi liquidity actually sits in 2026.
Only $58M was raised across IEOs, ICOs, and IDOs last quarter, an 85% QoQ drop, with just 37 public sales — the lowest tally since the 2020 cycle trough.
Goldman now sees the Fed holding through all of 2026 with first cuts pushed to June and December 2027, and the market is pricing 75.5% odds of rate hikes before year-end.
MUFG, SMBC and Mizuho already have the FSA's informal backing — together they move roughly half of Japan's deposits, which is the kind of balance-sheet mass USDT and USDC never had at launch.
Botanix, a Bitcoin Layer 2 network, is winding down operations and has issued an urgent call for users to withdraw…
CoinGecko's top-100 snapshot at 09:00 UTC on 10 Jun shows broad mid-cap stress, with HYPE's 11.1% 24h loss costing it a…
CENTCOM framed the operation as 'self-defense' and proportional, but the strikes land days after Trump said a US-Iran deal was days away — raising the question of whether the diplomatic track…
The European Union is moving to broaden its sanctions regime to cover crypto platforms with ties to Russia, a…
BTC and gold falling together is the structural tell — when both stores of value sell off on the same rate-hike repricing, the macro-hedge thesis that carried the rally is now what's unwinding it.
The breakdown through $1.13 is the structural story — not the percentage drop. With volume doubling daily averages and price trapped below every major moving average, the $1.10–$1.12 zone is now the…
Nineteen months of friendlier regulation, a strategic Bitcoin reserve, and the Clarity Act advancing in Washington — and net assets are exactly back where they were the week Trump won.
A Washington state man has been sentenced to five years in federal prison for his role in facilitating a $100 million…
Tom Lee's Bitmine is now the most aggressive corporate ETH accumulator on tape — and the eight-hour execution window suggests OTC sourcing, not exchange-market sweeps.