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Breaking · Bitcoin

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.

CN
Cointelegraph.com News · Jun 10, 2026
Top Stories
01
Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi
Breaking
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.
BitcoinJun 10
02
EU proposes ban on 11 crypto platforms in Russia sanctions push
Latest
The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions.
MarketsJun 10
03
SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech
Latest
Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts.
MarketsJun 10
04
Chainalysis, South Korean police link up to fight crypto crime
Latest
South Korea's national police has been battling crypto-enabled crimes from DPRK-state level threats to scams targeting retail investors.
MarketsJun 10
05
Hyperliquid, Paradigm urge revision of GENIUS money-laundering rule
Latest
The Hyperliquid Policy Center and Paradigm say the Treasury’s money-laundering rules for the GENIUS Act are too onerous for stablecoin issuers.
MarketsJun 10
06
'Maximal' ban on insider trading would hurt prediction markets, says researcher
Latest
“The same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” said Balbinder Singh Gill.
MarketsJun 10
07
Crypto users wary as Anthropic releases Claude Mythos with safeguards
Latest
Venture capitalist Simon Dedic said Anthropic’s latest AI models drop the cost and skill needed to find crypto exploits to “basically zero.”
MarketsJun 10
08
A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care
Breaking
"It did not work," Botanix said. "At lest not in this market and not in this timeline."
BitcoinJun 10
09
The inflation scenario that could send bitcoin tumbling below $60,000
Breaking
Your day-ahead look for June 10, 2026
BitcoinJun 10
10
Zcash, Hyperliquid tokens lead losses as traders bet against a bitcoin bounce
Breaking
Crypto markets are under pressure ahead of key U.S. inflation data due later Wednesday.
BitcoinJun 10
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