[Pantera-Backed Cross-Chain Protocol Everclear Gradually Shutting Down Protocol, Foundation, and Labs Divisions] According to The Block, Pantera-backed cross-chain infrastructure startup Everclear is gradually shutting down its core UI, protocol, foundation, and research labs. As of the time of reporting, the CLEAR token has dropped over 48% to $0.0002332. Everclear stated that the protocol has ceased operations, no funds have been frozen, and the remaining total locked value has been withdrawn by users and partners. The remaining funds will be used to repay debts and may potentially fund a token buyback of $50,000 to $200,000. Everclear (formerly known as Connext) provided cross-chain clearing and settlement protocols aimed at addressing liquidity fragmentation across different blockchains.