ChainCatcher News, Botanix Labs announced the appointment of senior security expert Ron Stoner as the new Chief Security Officer. Stoner has served as a senior security engineer and security lead at ShapeShift and Casa, and has been involved in establishing cryptocurrency security standards.Botanix Labs plans to enhance the security of Bitcoin infrastructure through its Bitcoin-native Spiderchain protocol. Stoner's addition will strengthen the company's internal security standards and development efforts, promoting the application of Bitcoin as the foundation of a new global financial system.

ChainCatcher news, according to The Block, the Bitcoin-focused startup Botanix Labs announced today that it has completed a total financing of $11.5 million. This round of financing was led by Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, and notable angel investors Andrew Kang, Fiskantes, Dan Held, The Crypto Dog, Charlie Spears, Altcoin Sherpa, Dovey Wan, Jebus, Icebergy, Crypto ISO, Davis (also known as "KarbonBased"), Walt Smith, and Domo, the creator of the BRC-20 token standard, among others, participating in the $8.5 million seed round financing that ended in April.In addition, Edessa Capital, Curiosity Capital, UTXO Management, XBTO Ventures, Blocmates, Eric Wall, and other investors participated in last year's pre-seed round financing.It is reported that the funds will be used to build Spiderchain, the first Layer 2 network on Bitcoin with full EVM equivalence. Since 2022, Botanix Labs has been dedicated to creating a decentralized financial system native to Bitcoin. They launched an early testnet version of the EVM Layer 2 protocol in November 2023, attracting over 200,000 active addresses and 10,000 experimental token releases. The first mainnet version of Spiderchain is expected to be released in early summer 2024.

ChainCatcher news, UniSat Director Lorenzo, Tap Protocol CSO Alex Philippine, and Botanix Labs Co-founder and COO Alisia Painter will attend the "Oak Grove Crypto 2024" conference.It is reported that Oak Grove Crypto 2024 is initiated by Oak Grove Ventures and co-hosted by Polyhedra, Alchemy Pay, Ritual, and ChainCatcher, aiming to gather elite individuals in the Web3 field to discuss and envision the development trends of the industry over the next five years. This grand event is expected to attract 500 to 1000 industry elites, including innovative leaders, technical experts, and industry investors. They will engage in in-depth discussions on popular topics such as AI, DePIN, gaming, crypto payments, and Bitcoin infrastructure.