Botanix Labs is shutting down Spiderchain, its Bitcoin layer-2 network, after about one year of operation due to low demand for Bitcoin-native DeFi and programmable BTC use cases. Despite raising $11.5 million and processing 25 million transactions, the network couldn't generate enough fee revenue to cover costs amid a cooling crypto market. The shutdown deadline for users to withdraw assets is July 9, after which remaining funds will be managed by a Federation validator group, introducing counterparty risk. This case highlights challenges in sustaining Bitcoin layer-2 projects compared to more established networks like Lightning and Stacks.
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...
Biogen has agreed to acquire RayThera Inc. for up to $1 billion, including upfront and milestone payments. This acquisition adds multiple anti-inflammatory drug candidates to Biogen's immunology portfolio, with the lead asset expected to enter Phase ...
Investar Holding Corporation declared a quarterly cash dividend of $0.12 per share for its common stock, payable on July 31, 2026, to shareholders of record as of June 30, 2026. This dividend represents a 9% increase from the previous quarter and mar...
Trinity Capital Inc. announced a monthly dividend of $0.17 per share for July, August, and September 2026, continuing its streak of consistent or increased dividends for over six years. The dividends are paid from taxable earnings and may include ret...
Apple CEO Tim Cook announced that the company will raise prices across its product lineup due to unprecedented increases in memory and storage chip costs. The surge is driven by a major reallocation of DRAM and NAND supply toward AI infrastructure, c...
