Botanix Labs is closing its Bitcoin Layer 2 network after nearly four years because the demand for Bitcoin-based decentralized finance (DeFi) apps was too low to sustain operating costs. Despite technical successes like 100% uptime and processing 25 million transactions, most users treated Bitcoin as a store of value rather than actively using DeFi features, resulting in insufficient transaction fees. This highlights that Bitcoin remains primarily a value storage asset, with DeFi activity concentrated on other smart contract platforms and centralized exchanges. Botanix's closure raises questions about the viability of Bitcoin Layer 2 networks without token incentives.
Kuva Labs has initiated a tender offer to buy all outstanding shares of Lisata Therapeutics at $4.00 per share in cash, with an additional contingent value right (CVR) offering up to $3.00 per share if certain clinical milestones are met. The Lisata ...
Aditxt announced a transaction to separate its subsidiary Ignite Proteomics into an independent public company named Ignite Proteomics Inc., while Aditxt remains listed on Nasdaq. Ignite focuses on precision oncology, particularly breast cancer, and ...
FirstService Corporation announced that its subsidiary, Roofing Corp of America (RCA), has acquired Schefers Roofing, a commercial roofing contractor based in Kansas City. This acquisition expands RCA's geographic footprint into the Kansas City marke...
Figure Technology Solutions announced it will acquire Kiavi, an AI-driven lending platform for residential real estate investors, in a $717 million deal. This acquisition will integrate Kiavi's $7 billion annual loan volume into Figure's blockchain-n...
Amazon has expanded its less-than-truckload (LTL) freight service across the U.S., enabling businesses of all sizes to ship palletized freight beyond Amazon's network. This move supports Amazon's broader strategy to grow its third-party logistics bus...
