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Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi

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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.

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Coin Market

Equipment finance platform Trad.Fi to bring $650M in private credit onchain

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Trad.Fi plans to bring up to $650 million in equipment-finance credit onchain, targeting a trillion-dollar US market still dominated by paperwork.

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Coin Market

EU proposes ban on 11 crypto platforms in Russia sanctions push

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The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions.

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Coin Market

SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech

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Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts.

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