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Balancer Labs to shut down following $110 million exploit, co-founder says in DAO post

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(DefiLlama/CoinDesk)

The company that built decentralized finance (DeFi) powerhouse Balancer is closing.

Balancer co-founder Fernando Martinelli announced Tuesday that Balancer Labs, the corporate entity that incubated and funded the decentralized exchange protocol, will be shutting down.

The decision comes roughly five months after a v2 exploit in November 2025 that drained approximately $110 million in digital assets, as CoinDesk first reported, including osETH, WETH, and wstETH, the third known security breach for the project and the one that created the legal exposure Martinelli cited as the reason for shutting down BLabs.

“BLabs, as a corporate entity, has become a liability rather than an asset to the protocol’s future and is just not sustainable as is without any sources of revenue,” Martinelli wrote in a governance forum post.

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Martinelli added he “seriously considered” shutting everything down entirely. But he stopped short of calling for a full wind-down because the protocol still generates revenue.

Balancer was one of the defining names of the DeFi boom. At its peak in late 2021, the protocol held nearly $3.5 billion in total value locked, putting it alongside Aave, Uniswap, and Curve as foundational infrastructure for decentralized trading.

DeFiLlama data shows TVL at $2.96 billion as of October 2021, with fees spiking above $6 million annualized. But the TVL now sits at $157 million, a 95% drop from peak.

The market cap has fallen to $10 million. BAL trades at $0.16 against a fully diluted valuation of $11 million, meaning it trades far below net asset value.

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(DefiLlama/CoinDesk)

Balancer produced over $1 million in annualized fees over the past three months. That’s not enough to sustain the current operation, but it’s enough to sustain a much leaner one.

The restructuring plan the remaining team is proposing is aggressive. BAL emissions would be cut to zero, ending what Martinelli described as a “circular bribe economy that costs more than it generates.”

The veBAL governance model, which he said was captured by meta-governance protocols like Aura and bribe markets that made voting “unrepresentative of the actual Balancer front line,” would be wound down.

Protocol fees would be restructured so the DAO treasury captures 100% of revenue instead of the current 17.5%. The v3 protocol share would drop to 25% to attract organic liquidity. And a BAL buyback would offer holders exit liquidity at a fair price.

“If you believe in the restructured Balancer, you stay. If you don’t, you get a fair exit,” Martinelli wrote. “That’s honest dealing, and it clears the overhang.”

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Essential BLabs team members would be absorbed into Balancer OpCo pending a governance vote. Martinelli himself will have no formal relationship with the protocol after the wind-down but offered to serve as an advisor.

The product scope is narrowing to five areas where the team sees differentiation: reCLAMM pools, liquidity bootstrapping pools, stablecoin and liquid staking token pools, weighted pools, and expansion to non-EVM chains. Everything else gets cut.

BAL was trading at $0.72 as of Tuesday morning, down roughly 88% from its all-time high.

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Bitcoin Price Prediction: War De-escalates, But Still Underperforming

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The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction. However,..

Bitcoin is experiencing a sharp sell-off, even as the U.S.-Iran war de-escalates, trading at the $71,000 level, and still is 4% lower than a week ago. The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction.

This retreat places BTC below its critical 20-day EMA of $70,515, signaling renewed bearish momentum in the short term. Amid the volatility, macro factors are heavily influencing price discovery, pushing the Fear & Greed Index down to a reading of 11, or extreme fear.

The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction. However,..
Fear and Greed Index, Alternative

While the immediate outlook appears grim, a major catalyst looms: the SEC decision on 91 crypto ETF applications due by March 27. Market participants are bracing for extreme volatility; an approval could trigger a swift rebound, while rejection may force a deeper capitulation.

Can Bitcoin Price Reclaim $73,000 Before the Weekly Close? Here’s Our Prediction.

Bitcoin’s failure to hold the $69,000–$71,000 consolidation zone has exposed lower support levels. Currently, BTC is struggling against resistance at $71,500, blocked by the falling 20-day and 50-day EMAs.

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The MACD histogram remains positive but is trading below the signal line, indicating that while selling pressure has eased slightly, bullish momentum is nonexistent. A critical defense line sits at $65,500; losing this level could validate a prolonged correction. Conversely, a successful breakout above immediate upper resistance at $73,600 could invalidate the bearish thesis.

The broader crypto market has underperformed significantly this week despite a bullish Bitcoin price prediction. However,..
BTC USD, TradingView

For now, we should watch the $73,600 level closely; a clean break here is required to shift the 14-day RSI from its neutral 50.20 stance into bullish territory. This cycle, Bitcoin price prediction focuses more on sentiment than chart structures.

Discover: The best pre-launch token sales

LiquidChain Targets Early Mover Upside as Bitcoin Consolidates

While Bitcoin struggles to maintain the $67,000 floor, capital is beginning to rotate into infrastructure plays that solve the market’s fragmentation issues. The current bearish sentiment provides a pivotal moment for “pick-and-shovel” assets, or projects that gain utility regardless of whether the market trends up or down. As BTC dominates headlines, smart money often hunts for asymmetric returns in presale markets.

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Enter LiquidChain ($LIQUID), a Layer 3 (L3) infrastructure project designed to fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The project has raised more than $600K in its ongoing presale, with tokens priced at $0.0143 at a very early stage.

LiquidChain’s “Deploy-Once Architecture” allows developers to write code once and access users across three major chains, eliminating the friction of bridging while giving more than 1700% APY on staking rewards.

It acts as “The Cross-Chain Liquidity Layer,” offering sub-second unified settlement. However, early-stage infrastructure carries development risk; the roadmap must be executed flawlessly to compete with established L2s. Investors looking for a hedge against BTC stagnation can research the presale below.

Visit LiquidChain Presale

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

The post Bitcoin Price Prediction: War De-escalates, But Still Underperforming appeared first on Cryptonews.

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Alibaba (BABA) Stock Climbs Nearly 3% on Launch of XuanTie C950 Processor

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BABA Stock Card

Key Highlights

  • Alibaba introduced the XuanTie C950, a cutting-edge 5nm RISC-V processor developed by its DAMO Academy division
  • The processor operates at 3.2 GHz with performance exceeding its predecessor, the XuanTie C920, by over 300%
  • Target applications include cloud infrastructure, AI inference operations, and agentic AI systems
  • The company plans a separate public listing for T-Head, its semiconductor division
  • BABA shares gained 2.98%, finishing at $126.06 on March 23

Alibaba’s semiconductor ambitions took center stage this week. During an internal DAMO Academy conference held Tuesday, the tech giant revealed its XuanTie C950 processor, claiming it represents “the highest performing RISC-V CPU in the world.”

The processor features 5-nanometer manufacturing technology and operates at 3.2 GHz, utilizing the open-source RISC-V architecture. This open framework enables chip developers to adapt instruction sets for specialized AI applications without incurring licensing costs — a strategic benefit for organizations deploying AI agents across large-scale operations.


BABA Stock Card
Alibaba Group Holding Limited, BABA

Performance metrics show the C950 delivering over three times the speed of the earlier XuanTie C920 model. The company has not disclosed which manufacturing partner produced the silicon.

According to Alibaba’s announcement, the processor targets cloud computing environments and AI inference tasks. End users will have the flexibility to configure the chip for specialized inference requirements.

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Building a Complete AI Ecosystem

CEO Eddie Wu articulated his strategy last year: positioning Alibaba as an end-to-end AI technology company spanning both hardware and software layers. That vision is now materializing.

During last week’s quarterly earnings discussion, Wu confirmed that Alibaba’s custom AI accelerators have transitioned into volume production. The T-Head semiconductor division is now competing directly with Nvidia and Huawei in China’s domestic marketplace.

T-Head has already onboarded significant enterprise clients, and Alibaba continues advancing preparations for the unit’s independent stock market debut. That initiative remains in progress.

The company maintains two distinct chip product families. The Zhenwu 810E lineup focuses on AI model training and inference capabilities. Meanwhile, the XuanTie portfolio, now including the C950, targets high-performance cloud environments and agentic AI deployments.

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RISC-V Emerges as Strategic Architecture

RISC-V has gained substantial traction among Chinese technology firms as geopolitical friction restricts access to Western semiconductor intellectual property. Alibaba ranks among the architecture’s earliest and most committed advocates domestically.

The standard directly challenges offerings from Arm Holdings and Intel. When Arm encountered limitations conducting business with Huawei following US export restrictions, RISC-V partially addressed that market void.

The C950 debut caps an active period for Alibaba’s artificial intelligence product portfolio. Last week witnessed the introduction of Wukong, an enterprise-grade platform engineered for AI agent orchestration.

Monday brought the global launch of Accio Work, the international edition of that platform. Targeting small and mid-market enterprises, it promises autonomous execution of sophisticated operational workflows.

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Earlier this month, Alibaba consolidated certain AI development teams into a newly formed division called Alibaba Token Hub, concentrating on enterprise-focused AI workplace solutions.

The competitive landscape: Token pricing for Chinese AI models has plummeted amid intense domestic rivalry, compelling firms like Alibaba to pursue margin protection and competitive differentiation through hardware and infrastructure innovation.

BABA finished trading at $126.06 on March 23, advancing $3.65 or 2.98% for the session. Pre-market activity on March 24 showed shares retreating to $124.94, declining 0.90%.

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Nasdaq and Talos Aim to Tackle Tokenization Collateral Bottleneck

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Nasdaq and Talos Aim to Tackle Tokenization Collateral Bottleneck

Nasdaq will integrate its Calypso risk and collateral platform and trade surveillance system with digital asset infrastructure firm Talos’s institutional trading tools.

The integration announced Monday aims to offer institutional clients a “unified” workflow for managing tokenized collateral and monitoring crypto and traditional assets for market abuse. It aims to ease a bottleneck in institutional tokenization, with Nasdaq citing internal research that roughly $35 billion in collateral sits tied up in “corrective and non-interest-bearing measures.”​

Nasdaq’s integration of its trade surveillance tools means that Talos clients will be able to run alerts for opaque tactics such as wash trading, spoofing and layering across the venues they access. 

The companies said the partnership is intended to bring “institutional-grade” compliance standards to digital asset markets.

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