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Photon, the Cross-Chain Bitcoin Restaking Layer, to Suspend Development

Photon, the Cross-Chain Bitcoin Restaking Layer, to Suspend Development

ForesightNews2025/06/30 07:42

Foresight News reports that Photon, the cross-chain Bitcoin restaking layer, announced on Twitter that after 18 months of building and development, it has decided to suspend development work at Photon Labs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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$247 million liquidated across the entire network in the past 12 hours, mainly short positions.

A certain whale deposited $4 million USDC into HyperLiquid to avoid liquidation of their ETH short position, with total losses reaching $26 million.

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