A Coinbase-backed crypto bridge is shutting down after its business model stopped working
The cross-chain project says thin bridge fees cannot sustain always-on infrastructure, while a planned 303.3 million ROUTE burn remains pending. The post A Coinbase-backed crypto bridge is shutting down after its business model stopped working appeared first on CryptoSlate.
Read Full Article on CryptoSlateSummary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Tether-backed crypto exchange freezes withdrawals after $7 million leaves custody
The exchange reports more than $7 million moved from custody to outside wallets, with recovery still at an early stage. The post Tether-backed crypto exchange freezes withdrawals after $7 million leaves custody appeared first on CryptoSlate.
Bitcoin Takes 79% of Crypto ETF Weekly Inflows as Funds Add $1.24B
U.S. crypto exchange-traded funds (ETFs) attracted about $1.24 billion in net inflows during the week of Aug. 31 to Sept. 4, led overwhelmingly by bitcoin funds. Bitcoin ETFs alone drew $986.85 million, while ether, XRP, solana and HYPE products also finished…
Indian Exchanges Report Higher Volumes After Tax Clarity
Several Indian crypto exchanges have reported higher trading volumes following clearer guidance on virtual digital asset taxation. Platforms say improved transparency around the 30% tax and 1% TDS has helped some users return to compliant domestic venues.…