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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
Equipment finance platform Trad.Fi to bring $650M in private credit onchain
Breaking
Trad.Fi plans to bring up to $650 million in equipment-finance credit onchain, targeting a trillion-dollar US market still dominated by paperwork.
MarketsJun 10
02
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
03
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
04
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
05
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
06
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
07
'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
08
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
09
World Series of Poker adds Solana payments for tournament buy-ins
Breaking
The move marks an integration of blockchain-based payments into a major live sporting and gaming event.
MarketsJun 10
10
Bitcoin trims losses after core CPI rises less than feared 0.2% in May
Breaking
Headline inflation rose an expected 0.5% in May, but the beat on the core rate — which cuts out food and energy costs — is pleasing markets.
BitcoinJun 10
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