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Bitcoin layer-2 project Botanix shuts down, highlighting challenges in programmable BTC demand amid bear market.

Market News
17 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin layer-2 project Botanix is shutting down after concluding that programmable Bitcoin solutions are not viable in the current market environment. The shutdown reflects a broader trend where general-purpose Bitcoin layer-2 ecosystems struggle to gain traction, as most users prioritize Bitcoin's role as a store of value over its programmability. While decentralized finance (DeFi) on Bitcoin remains small compared to Ethereum, some developers suggest focusing on Bitcoin-backed lending and staking products rather than trying to replicate Ethereum-like ecosystems. This shift signals a move away from broad Bitcoin utility ambitions toward specialized financial applications uniquely suited to Bitcoin's security and settlement features.

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Grammy-winning producer Wayne Jobson shares insights on reggae legacy and global music impact.

Grammy-winning producer Wayne Jobson shares insights on reggae legacy and global music impact.

Wayne Jobson, a Grammy-winning producer and filmmaker, discussed his career and influence on reggae and mainstream music in a recent Echoes Across Time podcast. He highlighted his work with Bob Marley, No Doubt, and contributions to major film soundt...

Others
Neutral
58 minutes ago
Batmobile Racing unveils new car design with Fasoul and Lightec for Lamborghini Super Trofeo Asia at Fuji Speedway

Batmobile Racing unveils new car design with Fasoul and Lightec for Lamborghini Super Trofeo Asia at Fuji Speedway

Batmobile Racing has revealed a striking new car design for the Lamborghini Super Trofeo Asia race at Fuji Speedway, supported by new partnerships with Fasoul and Lightec. Leading the Pro category, drivers William Tregurtha and Jonathan Cecotto aim t...

Market News
Bullish
1 hour ago
Batmobile Racing unveils new livery with Fasoul & Lightec partnership ahead of Fuji Speedway race.

Batmobile Racing unveils new livery with Fasoul & Lightec partnership ahead of Fuji Speedway race.

Batmobile Racing has launched a bold new livery for their Car #3, backed by partnerships with Fasoul and Lightec, for the Lamborghini Super Trofeo Asia round at Fuji Speedway. Leading the Pro category, drivers William Tregurtha and Jonathan Cecotto a...

Others
Bullish
1 hour ago
Fluency advises to disregard its June 11 news release about CVS AI deployment.

Fluency advises to disregard its June 11 news release about CVS AI deployment.

Fluency has issued a notice advising journalists and readers to disregard its previous news release from June 11, 2026, which claimed that CVS was using Fluency to close an enterprise AI deployment gap. This retraction suggests the earlier announceme...

Others
Neutral
1 hour ago
Pepeto presale surges amid Bitcoin price optimism and new exchange tech rollout.

Pepeto presale surges amid Bitcoin price optimism and new exchange tech rollout.

Pepeto's presale is rapidly advancing, attracting significant attention as its exchange and cross-chain bridge near completion. The project uses secure lock and mint technology to enable token swaps across Ethereum, BNB Chain, and Solana, promising z...

Market News
Bullish
1 hour ago
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