Botanix to shut down and sets July 9 withdrawal deadline for bridged assets
The Bitcoin DeFi network warned any funds left after the deadline will be swept and “be unrecoverable.”
Programmable blockchain powering smart contracts and DeFi.
View Ethereum price, charts & market data →The Bitcoin DeFi network warned any funds left after the deadline will be swept and “be unrecoverable.”
Carlos Domingo pointed to NYSE and Computershare partnerships as steps toward on-chain equity trading and settlement.
The exchange is pitching the products as regulated derivatives as MiCA’s July 1, 2026 authorization deadline approaches.
SoSoValue data shows redemptions clustered early in June, with IBIT alone at about $1.34B of the week’s net outflows.
Yuga CEO Michael Figge said the assets are in company custody and will be returned once a solution is finalized.
He argues protocol stewardship should stay separate from commercialization as Ethereum targets new adoption.
Large holders were described as absorbing supply, but a leverage build keeps liquidation risk elevated.
ETF outflows, Strategy’s first BTC sale in nearly four years, and renewed rate-hike fears tightened risk appetite.
The top-up backs $259.05 million in DAI debt and lifts combined collateral to 412,430 WETH as ETH traded near $1,560.
Wo mapped a $60K–$62K BTC correction floor and a ~$125K cycle peak in 2027–2028, citing ETH value dilution from L2s.
Stablecoin and exchange-flow data stayed in-range as BTC dipped below $60K, while spot ETF outflows totaled about $4.4B through June 3.
Negative perp funding and $1.28B in long liquidations met a fresh Zcash infinite-mint bug headline and a DeFi TVL slide.
The proof of concept tests whether institutions can settle onchain without exposing counterparties and flows on public ledgers.
Zcash fell as much as 37% on an Orchard supply-integrity flaw, while a $31.9M SOL deposit to Coinbase Prime adds an overhang.
Post-Dencun burn and ETH/BTC history make the path demand-led and structurally extreme under current conditions.
Linea bridge deposits fell from $976M to $367M in six months as the general-purpose L2 shakeout turns measurable.
He pointed to near-flat spot bitcoin ETF holdings and a potential Strategy buyback after a 32 BTC sale.
The network says issuers and acquirers will be able to settle some transactions intraday, on weekends, and on holidays using regulated stablecoins.
Long liquidations dominated the wipeout, while Binance’s BTC balance hit a three-month high of 659,000 BTC.
He tied the pitch to Bitmine’s claimed 5.4M ETH holdings and a June 26 Russell 1000 inclusion catalyst for BMNR.