Balancer Labs Shuts Down, Protocol to Continue

Cryptocurrency & Free Speech Finance

Balancer Labs, the team behind the decentralized finance protocol Balancer, is shutting down after mounting financial pressure and a $116 million hack in November, with executives proposing continuation of the protocol under a leaner, more cost-effective structure.“After careful consideration, I have decided to wind down Balancer Labs. This is not a decision I take lightly,” one of Balancer Protocol’s founders, Fernando Martinelli, said on Monday, adding that Balancer Labs has become a “liability rather than an asset to the protocol,” as it has been operating without revenue.Balancer Labs CEO Marcus Hardt added that it was spending too much to attract liquidity…

Cryptocurrency & Free Speech Finance

BTC posts modest Monday gain, remains tied to Middle East developments

Bitcoin BTC$70,773.32 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran.The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks, but markets largely brushed it off, with risk assets holding firm through the session.Bitcoin hovered just below $71,000 later in the session, up 3.8% over the past 24 hours. Altcoins outperformed, with ether (ETH), solana (SOL) and DOGE$0.09045 each gaining around 5%.Crypto-linked equities also rallied, led…

AI & Crypto

Read More

Politics

Don't Miss!

Jafar Panahi’s 2025 thriller It Was Just an Accident. Photo: Handout “We are worried about what is going to happen. Every morning, we wake up to the sound of explosions. Many places have been destroyed, and I know that some civilians have been killed as well. However, the Islamic Republic does not give us any accurate information, and the domestic news agencies are only propaganda centres for the regime. Because of this, we truly don’t know what is really happening or what awaits us.” These are the words of an Iranian dissident who has managed to contact us from inside the country after Israel and the USA started bombing Iran. They are too concerned for their safety to be named. Iran’s internet has been blocked for days now. There are reports of people protesting from their homes being shot at. The UN has warned that imprisoned Iranian protesters face “expedited” executions. There are fears about conditions deteriorating in Evin prison where a lot of political opponents of the regime are being held. Nobel Peace Prize winner Narges Mohammadi is currently in a jail in Zanjan, a city northwest of Tehran, and her situation is unknown. It is impossible to know exactly what is happening. In war the truth only comes out later – if at all – and disinformation is king. What is worrying is that there is such uncertainty about the outcome, and concern now that the USA and Israel don’t much care about the freedom of the people of Iran. Tens of thousands who bravely came out on the streets earlier this year to protest the regime were brutally murdered, many more arrested. Most shockingly, verified accounts have documented how the Revolutionary Guard swarmed hospitals, prevented medical care, took people off ventilators. Some doctors have even reported that wounded protesters who were being treated were later found with bullet holes in their heads. On Monday Index screened Jafar Panahi’s new film It was Just an Accident in advance of it coming out on Mubi this Friday, 6 March. It is a must-see if you want to understand the varying points of view of ordinary people in Iran. One of the people who talked on our panel discussion after the screening, Tara Aghdashloo, an Iranian writer, director and poet, wrote on Instagram of the current dilemma of those watching what is happening from afar: “Whoever we blame – this moment is overwhelming. There is pain, hoping for something good out of it, more pain, terror, remembering the mass murders by the regime yet fearing what these missiles and bombs could do to family and friends and innocent people, to our environment, infrastructure, our historic sites. Elation, even daring to hope that this fascist dictatorship might be gone once and for all. But remembering that the safety of my people is now in the hands of the same leaders, and that we’re expected to bet that our liberation is in a series of missiles that is shaking the city.” To be an Iranian dissident must be profoundly lonely and confusing. The autocratic ayatollah has been killed. But there is no succession plan for democracy. At Index we have always stood up for the people who want Iran to be finally free, for the women and young people, for the rappers, poets, artists and writers and all those who have put have themselves again and again in the firing line for the right to express their full selves without fear of torture and death. READ MORE

0 Views