Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt
Publicly traded Fold sold Bitcoin holdings to restructure its balance sheet, fueling a stock surge on Wednesday morning.
Cointelegraph·
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.
Read full articlePublicly traded Fold sold Bitcoin holdings to restructure its balance sheet, fueling a stock surge on Wednesday morning.
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Polychain-backed Botanix Labs is winding down its Spiderchain Bitcoin Layer 2 after a year of mainnet operation, citing insufficient demand for Bitcoin-native DeFi. Users have until July 9 to withdraw assets.
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