Digital surveillance (Getty Images/Victor de Schwanberg/Science Photo Library) The Kids Internet and Digital Safety (KIDS) Act sounds like it’s all about protecting kids from bad things on the internet. In truth, this mishmash of over a dozen privacy-invasive, censorship-friendly requirements and regulations could actually put children — and all internet users — at risk.
The package, which includes a revised version of the Kids Online Safety Act (KOSA), passed the House on June 29 and is now being considered in the Senate. If enacted, it will incentivize platforms to require all users — adults and minors alike — to hand over personal information that links their offline identity to their online activity.
That’s because many different sections of the bill require online providers to establish and enforce policies to prevent children and teenagers from accessing certain types of broadly defined content. Violators can face significant legal action by the Federal Trade Commission and state attorneys general.
To attempt to steer clear of trouble, websites and social media platforms may decide to age-gate all users — that is, verify, guess, or estimate users’ ages.
This will effectively create a new mass surveillance system. Whatever you may think about the state of privacy protections in the U.S., your current online usage is not necessarily linked to your specific identity. If this bill passes, that will likely change.
The fact that lawmakers are even contemplating a bill that would create a surveillance and censorship regime should be a wake-up call for everyone who values privacy and free expression.
This is a privacy pitfall, not just some benign form of digital “carding.” If the bill passes, the bouncer at the door will now be an online entity that will electronically capture your personal information and save it to a database for an unspecified amount of time. Providing this identifying information would be the price that any user must pay to access legal, First Amendment-protected content on the internet or to communicate with others online.
On top of that, once you turn your personal information over, it’s now vulnerable to leaks, data theft, or misuse. This isn’t just a hypothetical: We’ve already seen several breaches of age verification providers.
The KIDS Act contains multiple sections that will lead to age-gating. For example, a provision in the SAFE BOTS Act section mandates that if a service “knows or should have known” that a user is underage, it can’t offer certain chatbot features. The SCREEN Act section requires hosts of sexually explicit content to figure out if users are “more likely than not” underage before
letting them access certain content.
In this bill, platforms are liable for ensuring kids and teenagers are walled off from content targeted by the KIDS Act, but the consequences of this liability don’t just affect minors. It means platforms will be pressured to make adults prove they are adults, underscoring how this legislation will make everyone’s online experience less private.
It will also push online services to create moderation policies against lawful speech to wall off content some legislators believe is harmful to minors. But as we’ve seen many times in the past, while lawmakers may be clear in the debate about what they intend with these restrictions, platforms are notoriously bad about separating discussions about harmful activities from discussions about getting help for harmful activities.
For example, let’s say a 15-year-old expresses concern about a friend’s drinking or 13-year-old seeks information about how to get his parent to stop smoking. These individuals would be engaging in perfectly lawful speech about topics the KIDS Act has labeled as harmful. Those posts aren’t intended to be banned under the bill, but if platforms are supposed to prevent minors from accessing content about alcoholism or cigarette smoking, many will adopt practices
that either remove those topics entirely or restrict them to adult-only spaces. We know from experience that the threat of legal action pushes platforms and content providers to over-remove or restrict content.
Separately, several provisions of the bill also create new rules around encrypted messages, direct messages, disappearing or “ephemeral” messages, and AI chat services. While the text says that KOSA requirements shouldn’t be construed to override strong encryption, the protection may be meaningless because it doesn’t apply to KOSA’s mandate that services “address” content lawmakers have decided is harmful to minors.
Platforms can’t address that content if it’s in messages they can’t see. That creates pressure on them to weaken or limit encrypted messaging. Similarly, other bill provisions target “ephemeral” or disappearing messages — as on Signal or WhatsApp — for the same reasons. But end-to-end encryption and ephemeral messages are not superfluous design features. They are extremely valuable privacy tools for sustaining real-world, back-and-forth conversations online that aren’t accessible by service providers or data brokers or preserved forever in a permanent database.
In short, there are many ways to protect young people online that don’t require everyone to surrender personal information, jeopardize anonymity, and foster government-directed content moderation policies affecting lawful speech. Lawmakers could solve all the problems that this ill- conceived age-gating claims to address by passing a comprehensive federal data privacy law
that gives everyone power over the data that’s collected about them and thus how platforms’ algorithms are deployed against them.
Instead, Congress is seriously considering the KIDS Act, which seeks to protect the children at the expense of privacy and free expression for all internet users. This is not OK. If you agree, let your Senator know.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Jul 22, 2026
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
2 hours ago
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
2 hours ago
SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
2 hours ago
Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
2 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
2 hours ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
FUNToken has announced support for SHIB (ERC-20), giving users another simple and convenient way to buy $FUN with 0% conversion fees.
With this latest integration, SHIB holders can now deposit their tokens and seamlessly convert them into $FUN, making it even easier to participate in the expanding FUNToken ecosystem.
The addition of SHIB (ERC-20) reflects FUNToken’s continued focus on improving accessibility and giving users more flexibility in how they acquire and use $FUN. By supporting more widely held digital assets, FUNToken continues to remove barriers to entry while creating a smoother onboarding experience for both existing community members and new users.
Users purchasing $FUN with SHIB benefit from:
Buy $FUN using SHIB (ERC-20) 0% conversion fees Fast and seamless deposits Easy access to the growing $FUN ecosystem The launch follows a series of recent token integrations aimed at making the ecosystem more accessible to users across different communities. Each new supported token strengthens the accessibility of the platform while providing additional ways for users to participate in everything the $FUN ecosystem has to offer.
As FUNToken continues to expand its ecosystem with new games, platform features, and user experiences, improving accessibility remains a key priority. Supporting SHIB represents another step toward making $FUN available to an even broader audience.
About FUNToken FUNToken is powering a growing digital ecosystem focused on gaming, entertainment, and user rewards. With expanding platform integrations, multiple supported tokens, and continuous ecosystem development, FUNToken is making it easier than ever for users worldwide to participate, play, and grow with $FUN.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Michelle DG
Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]
Pendle Finance unveiled its second-half 2026 roadmap on July 23, and the message is clear: real-world assets are the main course, not a side dish. The protocol is doubling down on RWA infrastructure, expanding listings, and actively courting issuers to grow its on-chain yield product suite.
Pendle’s numbers suggest it has already built the plumbing to make this work, with total value locked nearly doubling from $6.9 billion to $13.4 billion and $45 billion in settled value for Principal Token holders during 2025.
Boros hits $200M in open interest as Pendle expands beyond crypto-native yields The most concrete proof point in Pendle’s expansion story is Boros, its rates trading platform. As of July 22, Boros reported $200 million in open interest. Boros has also been branching into commodities and equities, extending Pendle’s rate speculation concept across asset classes.
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Pendle lets you split yield-bearing assets into their principal and yield components, then trade them separately. Boros extends that concept to rate speculation across asset classes.
Institutional doors are opening, literally Pendle’s institutional play got a concrete boost on July 16, when Galaxy Curator launched on Fireblocks. That integration gives institutional players access to yield vaults supporting Principal Tokens through Fireblocks’ custody infrastructure.
Pendle’s Citadels initiative, first announced in January 2025, targets KYC-compliant institutional frameworks and has pursued Shariah-compliant yield offerings. Citadels also has a cross-chain dimension, targeting non-EVM chains to broaden Pendle’s reach beyond the Ethereum ecosystem.
The RWA thesis and why tokenized Treasuries are just the beginning Pendle’s Principal Tokens function like zero-coupon bonds, letting holders lock in a fixed yield. Yield Tokens let speculators take leveraged bets on variable yields. The protocol’s H2 roadmap includes continued stablecoin-related pool listings planned through late 2026, alongside incentive programs designed to bootstrap liquidity in new markets.
The TVL growth from $6.9 billion to $13.4 billion during 2025, roughly a 94% increase, reflects capital allocator interest in Pendle’s yield tokenization model. Settling $45 billion in value for PT holders in the same period shows real economic activity flowing through its contracts.
What this means for investors The Fireblocks integration and Citadels initiative lower the barriers for institutional participation. Pendle’s success depends heavily on continued growth in the tokenized RWA market, which itself relies on regulatory clarity that remains uneven across jurisdictions.
For traders watching Boros specifically, $200 million in open interest is a solid foundation, but the platform’s expansion into commodities and equities means it’s competing in much larger, more established markets. The next few quarters will reveal whether Pendle can attract enough volume in these new verticals to justify the infrastructure investment, or whether crypto-native rate trading remains its core revenue driver.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
An attacker extracted 24.15 million USDC from Arbitrum-based platform AFX Trade by using hot-validator signatures to authorize a massive withdrawal, according to the original report. Security firms traced the exploit to compromised keys tied to the external bridge the project operated, not to any vulnerability in the layer-2 network’s core infrastructure.
Arbitrum quickly confirmed that its native bridge remained untouched. The distinction matters because custom bridges—built by individual teams to connect Ethereum-based applications to L2s—often rely on a smaller validator set, making a key compromise attack more feasible. In this case, the attacker gathered enough valid signatures to move the funds off the platform without triggering standard safety thresholds.
Validator Signature Vulnerability External bridges frequently depend on a multi-sig or proof-of-authority system where a quorum of keys can greenlight transfers. Security researchers noted that the attack vector on AFX Trade points to poor key management practices rather than a smart contract flaw. The funds, denominated in USDC, were withdrawn in a single transaction that observers say would normally require multiple independent approvals.
The incident underscores a pattern that has plagued cross-chain infrastructure for years. Bridges remain the weakest link between networks, and the track record of exploits—from Wormhole to Ronin—has consistently involved governance or validator key compromises. What sets this case apart is the clean isolation from Arbitrum’s own security model, which might shield the broader ecosystem from direct contagion.
While Arbitrum has cemented its place among the top blockchains by developer activity, the proliferation of third-party bridges built atop its scalability framework introduces risks that the core protocol cannot fully mitigate.
What Remains Unknown Details about how the keys were initially compromised are scarce. It is unclear whether the attack originated from a phishing campaign, insider threat, or infrastructure breach. On-chain investigators are tracking the movement of the USDC, but no central issuer or law enforcement agency has yet announced a freeze, and the funds may already be routed through mixers or other obfuscation layers.
The lack of immediate recoverability is likely to weigh on users who parked liquidity on a relatively lesser-known bridge. For traders and liquidity providers inside the Arbitrum DeFi scene, the episode reintroduces a familiar tension: the speed and composability gains of newer bridges often come at the cost of diluted security assumptions.
Broader Impact on Layer-2 Security Narratives AFX Trade’s loss arrives during a period when institutional attention on Ethereum scaling solutions is growing, and security guarantees are becoming a selling point. Arbitrum’s quick separation from the exploit—emphasizing its native bridge’s integrity—suggests that prominent L2 teams are acutely aware of the reputational damage that bridge hacks can inflict, even when they are not technically at fault.
Still, the practical outcome for affected users is the same as in any bridge theft: tokens gone and uncertainty about recourse. The incident does not signal systemic risk for Arbitrum as a network, but it reinforces the caution that DeFi participants must apply when evaluating the custody chains of any application that sits on top of a major rollup.
The next phase of the story will depend on forensic reports and whether the attacker leaves a trace that can tie the wallet activity to a known entity. For now, the exploitation of hot-validator signatures serves as yet another data point in the ongoing struggle to secure cross-chain messaging layers without reintroducing centralization.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Two major cross-chain bridges suffered security breaches in July 2026, with attackers stealing over $31 million from AFX Trade and VerusCoin in separate but closely timed incidents. Blockchain security firm Blockaid identified and publicized both exploits as they were in progress, increasing concerns about ongoing vulnerabilities in the bridge infrastructure supporting decentralized finance (DeFi).
AFX Trade bridge hacked for $24 million on ArbitrumBlockaid first detected an attack on the Arbitrum-based AFX Trade protocol at 21:30 UTC on July 22. The hacker managed to compromise five hot-validator signatures on AFX’s custody bridge, bypassing the required quorum and executing an unauthorized transfer of $24.15 million in USDC tokens.
Security teams revealed that the stolen USDC was moved to an Ethereum wallet, then swapped out for 12,467.5 ETH. PeckShieldAlert traced the movement of these funds, which remain in the address 0x6276…ebAC.
Blockaid stated it had identified a targeted exploit affecting a bridge operated by AFX on Arbitrum. The incident enabled an attacker to drain approximately $24.15 million in USDC from the protocol in a single operation.
AFX paused bridge operations as soon as the breach was discovered, clarifying that neither its core trading infrastructure nor the wider Arbitrum network was affected. Steven Goldfeder, representing the Arbitrum Foundation, separately confirmed that Arbitrum’s native bridge had not been compromised, attributing the unauthorized withdrawal to a third-party protocol integration.
AFX disclosed that all stolen funds are still located in the attacker’s wallet. Security firm SlowMist reported the wallet address to the Crypto Defense Alliance, an industry network tracking stolen digital assets, while Zellic, which previously audited the bridge’s code, joined the ongoing investigation.
AFX pledged to provide frequent updates as more facts are verified and as recovery efforts continue.
Mini dictionary: Arbitrum is a layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions by processing them off the Ethereum main chain and then settling the results back onto the mainnet.
VerusCoin bridge loses $7.5 million in recurring exploitBlockaid also flagged a breach in the VerusCoin Ethereum Bridge, resulting in a further loss of roughly $7.54 million. The attacker manipulated the bridge’s import mechanism to trigger payouts that lacked the necessary asset reserves, siphoning off multiple cryptocurrencies, including ETH, tBTC, USDC, USDT, EURC, MKR, and scrvUSD. The stolen funds were transferred from the bridge contract to a wallet ending in C142D54.
Analysis revealed similarities between this attack and a previous incident on the same bridge in May 2026. Both leveraged an identical vulnerability, but July’s exploit appeared to originate from a different attacker using a new wallet.
Blockaid noted this latest breach exploited the same contract and entry path as the May attack, and described both incidents as sharing an identical bug class, pointing to persistent flaws in validation logic for bridge transfers.
PeckShieldAlert reported that the attacker soon began laundering the stolen assets through Tornado Cash. At the time of the incident, VerusCoin had not yet released any public statements.
The May incident on the VerusCoin bridge involved a manipulation of its cross-chain export process, enabling the attacker to extract $11.58 million for a relatively low transaction fee.
Mini dictionary: VerusCoin is a blockchain platform focused on privacy and interoperability, allowing users to move assets across different chains through its bridging technology.
BridgeDate of ExploitAmount StolenAssets AffectedAFX Trade (Arbitrum)July 22, 2026$24.15 millionUSDCVerusCoin Ethereum BridgeJuly 23, 2026$7.54 millionETH, tBTC, USDC, USDT, EURC, MKR, scrvUSDVerusCoin Ethereum BridgeMay 2026$11.58 millionMultiple currenciesSecurity sector response and ongoing investigationsThese incidents have brought renewed scrutiny to the recurring vulnerabilities affecting cross-chain bridges, which have previously experienced high-profile breaches including those involving Wormhole and Nomad in 2022.
Blockaid indicated that the root causes in the VerusCoin exploits involved missing checks on incoming transfer values, a class of bugs observed previously in the sector. Security firms, including SlowMist and PeckShieldAlert, are actively monitoring the stolen funds and collaborating with exchanges and other ecosystem partners to track suspicious wallet activity.
Neither AFX nor VerusCoin has provided a date for restoring bridge operations. Both investigations remain open, and recovery or remediation plans have not yet been announced as authorities and security teams work to follow the movements of the stolen assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
AFX Trade, a decentralized exchange running on Arbitrum, just lost $24.15 million in USDC through a bridge attack. And now it’s essentially negotiating with the person who robbed it, offering them roughly $7.2 million to give the rest back.
The white-hat bounty deal, proposed publicly by AFX head of growth Ken C, would let the attacker keep 30% of the stolen funds as a “bounty” in exchange for returning the remaining 70%.
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What actually happened The exploit hit on July 22, 2026, targeting AFX Trade’s custody bridge rather than its smart contracts or Arbitrum’s underlying infrastructure. The attacker compromised off-chain validator signing keys.
Once inside, the attacker drained approximately $24.15 million in USDC from the bridge. They then moved the funds to Ethereum and swapped them for about 12,467 ETH, which was trading at roughly $1,937 per token at the time. AFX suspended its bridge immediately after discovering the breach.
Security firms Blockaid and PeckShield both confirmed the attack and were quick to note that Arbitrum’s native bridge remained completely unaffected.
Part of a much bigger problem AFX wasn’t the only victim that week. The exploit was part of a concentrated wave of attacks on July 22 and 23, which collectively resulted in losses exceeding $35 million across multiple platforms. Zoom out further and July 2026 saw nearly $97 million in total hack-related losses, according to data from Blockaid and PeckShield.
The AFX exploit is particularly instructive because it didn’t involve a smart contract flaw. The contracts worked exactly as designed. The weakness was in the off-chain validator key management. Smart contract audits only cover one layer of security. The operational security of key management, validator selection, and bridge architecture often receives far less scrutiny from users, even though it represents a substantial attack surface.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
1 hours ago
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
1 hours ago
SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
1 hours ago
Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
1 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
1 hours ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews July 23 news, according to an official announcement, Gate US has entered into a strategic partnership with BitGo, a leading digital asset custody and security infrastructure provider, to further enhance its asset security, compliance operations and scalable service capabilities in the U.S. market. As a well-known institutional-grade digital asset infrastructure platform in the industry, BitGo has extensive experience in custody, wallet management, settlement and security risk control, enabling digital asset platforms to deliver higher-standard asset protection and operational support. Through this partnership, Gate US will further improve its secure custody system and build a more robust and trustworthy digital asset service environment for users.
This strategic partnership marks an important step in Gate US’s ongoing commitment to a compliance-first and security-first development path. Leveraging BitGo’s institutional-grade custody and security technology capabilities, Gate US will further strengthen asset management efficiency, risk control capabilities and the resilience of its platform infrastructure, laying a solid foundation for future product expansion and service upgrades. Gate US currently holds Money Transmitter Licenses (MTL) in 36 states and operates in 47 U.S. jurisdictions. In addition, multiple entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions including Malta, The Bahamas, Japan, Australia and Dubai. Going forward, Gate US will continue to work with high-quality infrastructure partners to drive continuous upgrades in the security, compliance and scalability of digital asset services, delivering more efficient and reassuring fintech experiences to users.
Onchain settlement turns EV charger revenue into something operators can prove and investors can readily finance, creating a flywheel for EV growth
Main TakeawaysGorae will bring 50,000+ chargers onchain in South Korea starting this year, turning verified charging activity into a more investable asset class, with expansion planned across APAC, Europe, and North America.Charging data today is siloed and self-reported so no party can independently verify what a charger earns, which slows cross-network settlement and creates barriers to investment.Gorae’s use of Sui and Walrus allows an EV charging session to execute as a simultaneous payment and verifiable record, with no hardware upgrades needed.Trust unlocks capital, and capital unlocks scale. That's the bet behind Gorae, the onchain layer for EV charging, as it brings 50,000+ EV chargers onchain in South Korea this year. Working with one of the country's largest charge point operators, Gorae uses Sui to settle payments and Walrus to turn each charging session into a verifiable record, in a single transaction.
The problem: unverifiable, not missing, dataCharging data today is split across private silos. The driver's app handles the payment. The station operator has its data. Utility companies have the energy data. Each party sees one portion of the data and keeps its own books, with no way for an outside party to verify it.
That gap has costs. Roaming settlement between operators is slow to reconcile. Investors, evaluating whether to finance a charger, have no independent way to verify the economics of the system.
Why Sui and WalrusGorae sits on top of charging operators’ existing management systems as a verification and settlement layer, reading completed sessions and writing a verifiable record onchain.
A better database alone wouldn’t solve this. Any private system would still require outside parties to trust the operator's account of what happened, with no means to verify it themselves.
Going onchain via Sui and Walrus introduces:
One shared record that drivers, operators, utilities, and asset owners can verify without a middleman Multi-party settlement that pays everyone in a single atomic transactionVerified records that capital markets can actually underwrite"EV charging happens millions of times around the world every day, yet much of that value has never been recorded in a transparent, interoperable, and independently verifiable way," said Sejin Park, CEO of Gorae. "Building with Sui and Walrus is the first step toward changing that. We are turning tens of thousands of everyday, active chargers into digital assets. This brings new value for operators, provides verified and auditable assets for capital markets, and delivers a more transparent charging experience for drivers. Together, we are setting a new standard for EV charging infrastructure becoming a digital asset."
Trust unlocks capitalDemand for EV charging is outpacing the capital needed to build it. Operating costs are high, payback periods are long, and financing due diligence on charger assets routinely takes months.
Once every session is independently verifiable, each charger becomes more investable. Cheaper, faster capital for operators, which funds more chargers, can help grow the network.
"Gorae is making a network of EV chargers more efficient and more investable by bringing it onto the blockchain and making every session verifiable," said Kostas Chalkias, Co-Founder and Chief Cryptographer at Mysten Labs, original contributor to Sui and Walrus. “This is a demonstration of the value that Sui and Walrus can create for real-world infrastructure at scale, all without requiring new hardware investment.”
Gorae will begin phasing its South Korean network onchain in the second half of 2026, followed by expansion across the wider Asia-Pacific region, Europe, and North America.
Learn more about Gorae, and explore how Sui and Walrus are powering the future of high-performance payments, finance and AI applications.
FAQWhy did Gorae choose Sui and Walrus over other blockchains and data platforms? Gorae needed three things at once: fast, atomic settlement across multiple parties in a single transaction, frictionless driver onboarding, and a place to store detailed session records that anyone can verify without prohibitive onchain storage costs. Sui delivers the first two through its object model, Programmable Transaction Blocks, and zkLogin. Walrus delivers the third: decentralized, verifiable storage with the sub-second retrieval and provability that DePIN operational data demands. Under the hood, Walrus delivers roughly 800ms retrieval on sub-1MB blobs and 2/3 fault tolerance, purpose-built for high-volume, high-value operational data.
How does Gorae connect 50,000+ chargers without hardware swaps? Through its C2C (Charger-to-Chain) node technology, Gorae acts as a retrofit bridge that connects chargers to Sui and Walrus through the standard operating systems they already run on. There are no hardware upgrades and no capital expenditure required for CPOs to onboard, which is why the network can scale to 50,000 chargers quickly.
Gorae Protocol is planning to onboard more than 50,000 electric vehicle chargers onto the Sui blockchain, creating what it describes as verifiable on-chain revenue records for physical infrastructure. The idea is straightforward: take the money flowing through EV chargers, record it on a public ledger, and let investors see exactly what those assets are earning.
Real-world assets meet real-world charging stations The project chose Sui as its blockchain layer, which makes sense given the network’s emphasis on high throughput and low transaction costs. If you’re recording revenue events from tens of thousands of chargers, you need a chain that won’t choke on volume or make each transaction prohibitively expensive.
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Gorae Protocol is focused on real-world asset tokenization and data verification, rather than traditional token issuance. By putting revenue data onchain, the project could theoretically let a much wider pool of investors participate in the economics of EV charging without going through conventional intermediaries.
Why onchain revenue records matter Recording revenue onchain means every charging session, every payment, every kilowatt-hour sold could be logged on Sui’s public ledger. Investors wouldn’t need to wait for a quarterly earnings call to know whether a portfolio of chargers is performing. If a charger network claims it generated a certain amount of revenue last month, anyone with a block explorer could verify that claim.
What investors should watch carefully Gorae Protocol is a nascent project by any measure. There is no publicly available whitepaper, no confirmed launch date, and no announced partnerships with charger operators or hardware manufacturers. The project’s announcement came via Sui’s official blog, but independent verification from major crypto media outlets such as CoinDesk, The Block, or Decrypt has not materialized, and no significant developments have surfaced in the last 30 days.
For a project claiming to onboard 50,000 chargers, someone has to own or operate those chargers, install the software or hardware that reports revenue data to the blockchain, and build the oracle infrastructure that bridges real-world payment data to onchain records. None of those technical details, including oracle usage, smart contract addresses, or integration partners, are publicly available at this stage.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coinbase will add exposure to the tokenized private-markets offering, which launched with about $75M in onchain value, KAIO said.
KAIO, a tokenization infrastructure firm, said it launched tokenized access to one of Mubadala Capital's evergreen private market strategies on Wednesday, live across Base, Solana and Sui with approximately $75 million in onchain value from traditional and digital-asset investors, according to KAIO's post on X.
Mubadala Capital is the asset-management arm associated with Abu Dhabi's sovereign wealth apparatus. KAIO described the offering as tokenized access to "one of Mubadala Capital's evergreen private market strategies," and called it "a milestone for how Sovereign Wealth Fund-backed private markets strategies can be made accessible through regulated digital infrastructure."
KAIO said Coinbase "will be adding exposure to the tokenised offering," which it framed as reflecting "growing appetite among publicly listed digital asset companies for regulated RWAs." KAIO did not detail the size of that exposure in the post.
The size of the launch was stated two ways across official channels. KAIO put the figure at "approximately US$75M in onchain TVL." Solana's official account described the same launch as "$75M in commitments from traditional and digital investors" and said KAIO "brings the @Mubadala Capital Alternative Solutions Fund to Solana," framing it around a single network rather than the three KAIO named.
Sui's official account added further figures not stated in KAIO's own post, citing a "$385B sovereign wealth fund," "$3.7B NAV" and "650+ underlying companies," and said KAIO "tokenizes @Mubadala Capital Alternative Solutions Fund's private market strategy onchain for the first time." Those NAV and portfolio-company figures, and the "first" characterization, appear only in the Sui post and are not independently confirmed here. Relayed figures elsewhere for the sovereign fund's assets under management ranged from about $400 billion to $430 billion, a further reason to treat the scale numbers as unverified.
Mubadala Capital has not been reached on its own channel in this dossier, so its participation and endorsement of the tokenization rest on KAIO's account and the co-branded Solana graphic. Onchain contract addresses for the tokens were not published in the posts reviewed.
The launch adds a sovereign-linked private-markets product to a growing set of tokenized fund offerings on Solana and other networks, and puts a listed U.S. exchange, Coinbase, in the position of taking exposure to a tokenized illiquid asset rather than only providing infrastructure.
One of the world’s largest sovereign wealth-linked managers just put $75 million worth of private market exposure on a blockchain.
Mubadala Capital, the investment arm of Abu Dhabi’s Mubadala Investment Company, went live on July 23, 2026 with a tokenized version of its Alternative Solutions Fund, officially named MCAS-TA. The fund runs across three blockchain networks: Coinbase’s Base, Solana, and Sui. It pulled in roughly $75 million in on-chain commitments at launch, drawing participation from both traditional asset managers and digital asset investors.
The infrastructure behind the product comes from KAIO, a UAE-based tokenization platform that announced its partnership with Mubadala Capital back in December 2025. KAIO handles the compliance architecture and distribution rails.
Why this matters beyond the press release Mubadala Capital manages approximately $430 billion in assets.
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Private market funds have historically been among the least accessible asset classes for most investors. Minimum commitments run high, liquidity is near-zero, and the onboarding process involves significant friction. Tokenization compresses those barriers by putting compliance, ownership records, and transfer mechanics on-chain: instead of a fund administrator managing cap tables in spreadsheets, the blockchain handles it. Investor eligibility checks happen through smart contract logic. Secondary transfers become possible where they previously weren’t.
For Coinbase specifically, this launch marks the first time it has integrated regulated tokenized assets into an institutional treasury management context, according to the research.
KAIO’s growing footprint in regulated tokenization KAIO has previously powered tokenized offerings from BlackRock and Hamilton Lane, with cumulative TVL across those products landing somewhere between $150 million and $200 million. Adding the Mubadala Capital fund pushes that number meaningfully higher.
The firm also closed a funding round in April 2026, which included backing from Tether.
The multi-chain deployment across Base, Solana, and Sui is itself a deliberate choice. Each network brings a different investor base and different technical properties. Solana offers high throughput and a growing institutional presence. Base plugs directly into Coinbase’s compliance and custody ecosystem. Sui is newer but has attracted attention for its object-based data model, which handles complex financial instruments differently than account-based chains.
What this signals for institutional tokenization broadly Tokenized treasuries and money market funds moved first because the underlying assets are simple and liquid. Private market funds are a harder problem: the assets are illiquid, the investor base is accredited, and the regulatory requirements vary by jurisdiction. The fact that Mubadala Capital is doing this with private market exposure rather than a simple bond wrapper is what makes the MCAS-TA launch notable.
Seventy-five million dollars in on-chain commitments at launch is the demand signal other sovereign-linked managers and large alternative asset firms will be watching as they evaluate the operational lift required to follow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Strategy leads nine firms pledging $15 million to fund Bitcoin developers over three years. Consortium members direct funding independently without controlling Bitcoin’s protocol decisions. CryptoQuant estimates 6.9 million bitcoin could face risk from future quantum computing advances. Galaxy separately committed $5 million toward quantum-resistant wallet tools and security audits. Bitcoin Security Consortium has officially launched under Strategy’s leadership, joined by BlackRock, Coinbase, and seven other major firms.
The group pledged an aggregate $15 million over three years to fund Bitcoin developers and security researchers. Strategy positioned the initiative as a response to long-term threats facing Bitcoin’s cryptographic foundation, including quantum computing risks.
Strategy Leads Coalition of Major Bitcoin Holders Strategy brought together eight additional firms to form this new funding coalition. Founding members include BlackRock, Coinbase, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets, and Galaxy.
Each company represents a distinct segment of the institutional Bitcoin ecosystem. Together they span custody, exchange services, infrastructure, and asset management functions.
Strategy CEO Phong Le framed the launch around shared incentives among long-term Bitcoin holders. “As long-term holders, we have every incentive to see Bitcoin remain secure for generations,” he said.
He added that funding the people doing this work is a natural way to contribute. His comments tied the consortium’s mission to protecting long-term institutional investment.
Michael Saylor amplified the announcement through a public social media post shortly after launch. “Bitcoin’s security is a shared responsibility,” he wrote.
Bitcoin’s security is a shared responsibility.
Today we are launching the Bitcoin Security Consortium, backed by $15 million in commitments to support the developers and researchers strengthening Bitcoin for the decades ahead. https://t.co/J2VbkgJRZm
— Michael Saylor (@saylor) July 23, 2026
He said the consortium is backed by $15 million in commitments supporting developers and researchers. Saylor’s post reinforced Strategy’s central role in organizing the effort.
Mike Schmidt, executive director of Brink, will coordinate the consortium’s daily operations. He serves in this role on a volunteer basis alongside his nonprofit work.
Brink already funds Bitcoin’s open-source developer community through independent grants. His involvement links the new consortium to existing developer funding infrastructure.
Nine Members Commit Funding Without Pooling Resources The $15 million pledge will not be held in a single pooled account. Instead, each member directs its own contribution independently to chosen recipients.
Companies select which developers, researchers, or organizations receive their individual funding. The consortium itself holds no role in fund allocation or distribution decisions.
Individual contribution amounts from each of the nine firms remain undisclosed. The announcement also did not specify which recipients would receive initial funding.
It remains unclear how much of the total represents newly committed money. Some contributions may reflect funding commitments made before the launch.
BlackRock’s Robert Mitchnick praised the developer community behind Bitcoin’s core software. “Bitcoin Core developers do incredibly important work,” he said.
He added that BlackRock and other members would now provide additional funding for long-term security needs. Both executives emphasized funding without attempting to direct technical outcomes.
Galaxy separately launched its own $5 million initiative for quantum-resistant tools this week. That program targets wallet migration support, signature research, and independent audits.
The consortium did not clarify whether this funding counts toward its broader total. This raises questions about how member commitments overlap across separate initiatives.
Quantum Computing Named as Consortium’s First Priority The consortium’s initial focus centers on preparing Bitcoin for future quantum computing threats. Machines capable of breaking Bitcoin’s current cryptography do not exist today.
Credible estimates place that capability years away from practical development. Developers have nonetheless begun researching potential defensive measures against this risk.
CryptoQuant research estimates roughly 6.9 million bitcoin could face exposure eventually. Addressing that vulnerability would require coordinated technical changes across the entire network.
Wallets, exchanges, miners, and individual users would all need to participate. Reaching consensus across Bitcoin’s decentralized structure could take considerable time to complete.
Proposed technical responses include BIP 360, introducing a new output type. This proposal aims to limit public key exposure during transactions.
Other approaches under discussion involve post-quantum signature schemes for future security. Developers are also examining methods to protect coins in older, exposed addresses.
Strategy and its partners stressed the consortium will not direct Bitcoin’s protocol development. It takes no position on specific proposed changes currently under community debate.
Members plan to publish ongoing material tracking security progress for public reference. This transparency effort aims to serve investors, media, and the broader public.
Alchemy Pay, a renowned fiat-to-crypto payment platform, has partnered with Qubic, an efficient L1 blockchain that uses AI for Bitcoin-style mining. The partnership includes the integration of $QUBIC, the native token of Qubic, into the worldwide fiat on-ramp of Alchemy Pay. As per Alchemy Pay’s official press release, the move permits users spread in 173 jurisdictions to buy $QUBIC via fiat currencies by using famous payment methods. Hence, the development streamlines the buying procedure by eliminating barriers discouraging newcomers from leveraging blockchain networks.
We're excited to support @_Qubic_'s $QUBIC on #AlchemyPay's global fiat on-ramp, enabling users across 173 countries and regions to purchase $QUBIC directly with their preferred payment methods.
Expanding access to the AI-native Layer 1 powering decentralized computing ⚡🧠… pic.twitter.com/vFCmyqZNgw
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 23, 2026 Alchemy Pay Streamlines $QUBIC Fiat Buyouts with On-Ramp Support The integration of Qubic’s $QUBIC token into Alchemy Pay’s on-ramp reflects the rising demand for streamlined fiat-to-crypto payment options amid the growing traction of AI-driven blockchain ecosystems. Additionally, the initiative lets consumers buy $QUBIC by using their familiar payment solutions, such as Google Pay, Apple Pay, Mastercard, Visa, local bank transactions, and mobile wallets.
With the established payment framework of Alchemy Pay, consumers can enter the Qubic network without depending on extended onboarding processes or complicated crypto exchanges. The respective approach is anticipated to enhance accessibility for retail consumers and those dealing with decentralized AI apps for the first time. Additionally, Qubic’s AI-native L1 chain merges high-speed transfer processing with robust decentralized computing. It leverages the Useful Proof of Work (UPoW) consensus mechanism with the use of computational power for the training of artificial neural ecosystems rather than performing traditional mining calculations.
Apart from that, in April 2022, Qubic hit a top throughput of 15.5M transfers per second, as the security platform CertiK verified. Parallel to the feeless transfer mechanism and rapid finality, the platform is also known for decentralized AI-led applications and effective smart contracts. Additionally, Alchemy Pay deems this integration a crucial step to broaden its portfolio, which contains compatible digital assets, while reaffirming the role it plays in connecting the crypto sector and conventional finance.
Driving Growth of AI-Driven Blockchain Innovation According to Alchemy Pay, the payment gateway delivers fiat access across more than 300 payment mechanisms. At the same time, its worldwide operations get support from a widening regulatory license portfolio. Particularly, $QUBIC’s inclusion signifies the growing convergence of blockchain and AI technologies. Overall, with this endeavor, Alchemy Pay attempts to assist in decreasing entry barriers as well as backing wider participation in the decentralized commuting network of Qubic.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure. Retail activity in WLD derivatives remains firm, with a 40% rise in trading volume and elevated funding rates.
Headwinds to ease for WorldcoinWorldcoin prepares to reduce daily token emissions by 43% on Friday. Community locked tokens emission rate will drop by 50%, from 3.2 million WLD to 1.6 million WLD, while team and investor emissions will decline by 32% from 1.9 million WLD to 1.3 million WLD. Taken together, the total emissions will approximately reduce from 5.1 million WLD to 2.9 million WLD. Typically, a reduction in the new token supply entering the market potentially eases supply pressure.
In addition, Grayscale submitted an S-1 application for a WLD-focused Exchange Traded Fund (ETF), which could boost institutional demand if approved.
On the retail front, speculative activity in WLD derivatives remains elevated. CoinGlass data shows the trading volume is up 40% in the last 24 hours to $396.25 million, while the notional value of active perpetual contracts remains stable, with Open Interest (OI) holding at $290.17 million. At the same time, the funding rate remains positive at 0.0077%, reflecting a bullish bias among traders.
WLD derivatives data. Source: CoinGlassJake Kennis, Senior Research Analyst at Nansen, told FXStreet, “43% unlock reduction cuts daily emissions by nearly 2.2 million WLD tokens, while the Grayscale spot ETF application opens a regulated demand channel.” Kensin added, “If the ETF is approved and attracts inflows, shrinking new supply, meeting a fresh buyer base, which could lead to a genuine supply-demand tightening if the demand is high enough.”
Beyond the ETF and supply cut decision, Kennis highlighted, “World Chain scaling and full network decentralization, which is targeted for late 2026, ecosystem expansion, Orb rollout, and real world integrations with merchant payment partnerships,” could boost demand for WLD tokens. However, regulatory developments around biometric ID, which remain the project's biggest existential risk.
Could Worldcoin regain bullish momentum?Worldcoin holds below both the 50-day and 200-day EMAs, which keeps the near-term bias bearish. From a technical perspective, WLD consolidates between 50-day EMA at $0.4141 and the 23.6% Fibonacci retracement of the upswing from $0.2267 to $0.27229, at $0.3438.
The Moving Average Convergence Divergence (MACD) sits marginally above its signal line, indicating consolidative momentum. At the same time, the Relative Strength Index (RSI) around 44 shows a bullish divergence with the higher low formation during the July 1 and 19 lows.
A decisive close above $0.4141 could test the resistance cluster of the 200-day EMA at $0.4654 and the 50% retracement at $0.4748. If WLD clears this zone, the 78.6% Fibonacci retracement at $0.6167 could emerge as the next overhead target.
WLD/USDT daily price chart.Looking down, the crucial support for WLD emerges at $0.3438, where a sustained close could extend its decline to the Fibonacci anchor at $0.2267.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
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AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
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SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
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Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
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AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
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Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Some of the biggest names in the Bitcoin industry have united to form a new consortium dedicated to strengthening Bitcoin’s long-term security.
The group, called the Bitcoin Security Consortium, includes Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, according to a Thursday statement.
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Under the initiative, members have collectively pledged $15 million over three years to support developers and researchers working on Bitcoin’s long-term security, including preparations for the future era of quantum computing.
“As long-term holders, we have every incentive to see Bitcoin remain secure for generations. Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute,” Strategy CEO Phong Le stated.
The consortium will also act as a central source of reliable information on Bitcoin security developments for investors, the public and the media, while allowing each member to direct its own funding independently.
The consortium stressed that it will not influence Bitcoin’s protocol or governance, saying development will remain decentralized. It added that although quantum computers capable of threatening Bitcoin do not yet exist, supporting research into post-quantum cryptography is a prudent long-term investment.
“Bitcoin Core developers do incredibly important work, and we’re pleased that our firm and the others in this group will now be making significant additional funding available to support Bitcoin’s long-term security needs,” Robert Mitchnick, Global Head of Digital Assets at BlackRock, commented.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor’s Strategy has joined eight financial firms in pledging $15 million over three years to protect Bitcoin, starting with preparations for potential quantum-computing threats.
Summary
Strategy and eight financial firms pledged $15 million to strengthen Bitcoin’s long-term security. BlackRock, Coinbase, ARK Invest and others will independently fund developers and researchers. Quantum readiness will be the consortium’s first focus despite uncertain threat timelines. Strategy announced the Bitcoin Security Consortium in a press release, naming Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy Digital as its other founding members.
Today we're announcing the Bitcoin Security Consortium @BTCconsortium: a group of leading financial institutions and Bitcoin companies supporting the long-term security of the Bitcoin network.
Members have pledged $15 million toward this work over the next three years. pic.twitter.com/0Wh4G7xEqJ
— Strategy (@Strategy) July 23, 2026 Drawn from several parts of the institutional Bitcoin market, the coalition includes exchange-traded fund issuers, custodians and infrastructure companies. BlackRock, Fidelity and ARK Invest issue spot Bitcoin ETFs, while Anchorage Digital and Coinbase provide custody services. Block, Blockstream and Galaxy Digital operate businesses tied to Bitcoin infrastructure and financial products.
Rather than combining the $15 million under a central fund, each founding member will choose which developers, researchers and organizations receive its share, according to Strategy. The model allows the companies to finance different projects while coordinating their security work through the consortium.
Brink Executive Director Mike Schmidt will coordinate the consortium’s daily operations in a volunteer capacity, Strategy stated. Addressing concerns about his independence, Schmidt wrote on X that he will receive no compensation and will continue running Brink separately from the founding firms.
“I continue to run Brink, independent of any Consortium member. I’ve committed to a year in this role, maybe I’d do two, but ultimately I see it as a seat that should rotate to other participants over time. My commitment is to Bitcoin, and that doesn’t change.”
Today nine institutions including BlackRock, Fidelity, Coinbase, and Strategy announced the Bitcoin Security Consortium (@BTCconsortium), pledging $15M toward Bitcoin security work over the next three years. I've agreed to help coordinate the group's work as a volunteer.
I said…
— Mike Schmidt (@bitschmidty) July 23, 2026 Wall Street funding targets Bitcoin security research Under its initial plan, the consortium will support developers and researchers already working on Bitcoin security, with quantum readiness serving as its first focus, according to Strategy. Schmidt added that the group could finance other security projects if the initial program proves effective.
Protocol decisions will remain outside the consortium’s control. In his X post, Schmidt stated that the group will not adopt collective positions on Bitcoin upgrades, leaving members to direct their funding independently while developers use the network’s existing review process.
Galaxy Digital had committed separate funds to the field before joining the consortium. As crypto.news reported earlier this week, the company opened applications for a $5 million Bitcoin Quantum Readiness Initiative supporting quantum-resistant signatures, wallet migration tools and independent security audits.
According to Galaxy, introducing post-quantum protections would require years of cooperation among Bitcoin Core developers, exchanges, wallet providers, infrastructure companies and users. Its grant program also invites other institutions to contribute money and research to the effort.
Galaxy’s initiative and the consortium pledge have placed $20 million behind the two disclosed programs. The commitments remain separate, however, as Strategy’s consortium allows every member to control its own grants.
Bitcoin’s quantum exposure carries a market cost Future quantum computers could threaten Bitcoin if they become capable of breaking the elliptic curve cryptography that protects its wallets, according to the companies and researchers behind the programs. Galaxy noted that current machines cannot perform such an attack and most experts do not expect an immediate danger.
Despite the uncertain timeline, Galaxy argued that preparations must start early because deploying new protections across Bitcoin could take years. The company has prioritized alternative signature algorithms, tools that help users transfer funds into safer wallets and audits that test proposed defenses.
CryptoQuant research cited by Galaxy estimated that around 6.9 million BTC could become exposed if a sufficiently powerful quantum computer broke Bitcoin’s existing cryptography. Using market prices from its announcement, Galaxy valued those potentially vulnerable holdings at about $461 billion.
Citi has reached a similar estimate, according to an earlier crypto.news report. The bank calculated that between 6.5 million and 6.9 million BTC may already have public keys visible on-chain, creating a pool of coins that researchers consider more vulnerable to a future quantum attack.
Lost wallets pose another problem because their owners cannot transfer the coins to addresses protected by updated cryptography. Quantus warned in a previously reported assessment that quantum development may be advancing faster than earlier estimates, which could leave dormant and inaccessible holdings without a practical migration route.
Concern over the issue has also entered Bitcoin valuation models. As crypto.news reported in early June, Capriole Investments founder Charles Edwards estimated that Bitcoin was trading at a 28% “quantum discount” compared with his projected valuation path toward $120,000.
Bitcoin traded near $62,099 following a sharp selloff when Edwards presented the model. He attributed the discount to investor concern over what he described as slow progress among Bitcoin Core developers on post-quantum signature planning.
Prediction-market traders remain less worried about the immediate timeline. Polymarket data placed the probability of quantum computing breaking Bitcoin by December 2027 at 14%.
With Strategy coordinating institutional participation and Galaxy already accepting grant applications, the funding gives researchers additional resources before quantum computers pose a proven threat. The consortium’s first test will be whether independently directed grants produce usable security tools without influencing Bitcoin’s protocol governance.
Cathie Wood’s ARK Invest has purchased 220,012 Circle Internet Group shares worth about $13.9 million as CRCL stock has fallen below $64 and every major daily moving average.
Summary
ARK Invest purchased 220,012 Circle shares worth about $13.9 million during CRCL’s decline. CLARITY Act progress could improve regulatory certainty for Circle and other digital-asset companies. CRCL remains below major moving averages despite an improving daily MACD signal. According to ARK Invest’s trading disclosure, the firm divided the purchase among three actively managed exchange-traded funds. The ARK Innovation ETF acquired 159,517 shares, while the ARK Next Generation Internet ETF and ARK Fintech Innovation ETF added 42,400 and 18,095 shares, respectively.
The transaction extended ARK’s buying during a steep decline in Circle’s market value. CRCL traded at $63.38 on July 23 after falling 4.20%, with the session producing a high of $65.41 and a low of $61.49, according to the daily TradingView chart.
Circle’s stock has struggled as weaker sentiment toward crypto-linked companies has reduced investors’ willingness to hold volatile digital-asset equities. Circle operates USDC, a dollar-backed stablecoin used across exchanges, payment services and decentralized finance applications.
Wood’s purchase suggests ARK remains willing to increase its exposure during the decline, although the investment manager has not guaranteed that CRCL has reached a bottom. ARK describes its investment approach as focused on companies tied to disruptive technologies and long-term growth, a strategy that can leave its funds exposed to sharp price swings.
Earlier this week, ARK used a similar approach with another high-volatility holding. As reported by crypto.news, four ARK funds purchased 170,634 SpaceX shares worth about $20.45 million while the stock traded below its $135 initial public offering price.
SpaceX then climbed 7.10% to $128.37, handing ARK an early unrealized profit on the new position, according to the crypto.news report. Although SpaceX and Circle operate in different industries, the transactions show ARK adding to selected companies after large declines rather than waiting for their charts to confirm a recovery.
CLARITY Act progress offers Circle a regulatory catalyst Circle’s outlook has also become tied to negotiations over the Digital Asset Market Clarity Act, which could establish federal rules for digital-asset markets and divide regulatory responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Senator Cynthia Lummis released an updated version of the legislation on July 22, combining texts advanced by the Senate Banking and Agriculture committees. In her announcement, Lummis described the coming weeks as a critical window for reaching an agreement that could allow the bill to become law.
Senate Banking Committee Chairman Tim Scott and Senate Agriculture Committee Chairman John Boozman have backed the revised framework. According to Lummis’ official release, Boozman argued that the proposal would give consumers, companies and markets clearer rules while adding safeguards for digital-asset activity.
For Circle, passage could reduce uncertainty surrounding businesses that issue stablecoins or provide related financial services. Such an outcome may make it easier for institutions to assess USDC-based products, but the proposal still requires enough Senate support and final approval before its provisions can take effect.
The latest draft faces political obstacles despite Republican support. Some Democrats have reportedly objected to the proposal’s treatment of crypto-related conflicts involving government officials, an issue that could complicate efforts to secure the 60 votes generally needed to advance legislation in the Senate.
CRCL remains bearish despite improving MACD momentum CRCL’s daily chart shows that sellers still control the main trend even though one momentum indicator has started to improve. At $63.38, the stock sits below its 20-day simple moving average at $65.68, while the 50-day average is much higher at $84.24.
Circle daily price chart | Source: TradingView Longer-term resistance remains even further away. The chart places the 100-day moving average at $95.02 and the 200-day average at $92.14, leaving CRCL below all four trend indicators after a decline from its May peak near $140.
A recent rebound reached the $70–$72 region but failed to hold, according to the chart. Buyers would first need to recover the 20-day average at $65.68 before challenging that recent rejection zone. A daily close above $72 would provide stronger evidence that demand is returning, while the 50-day average at $84.24 would remain the next major obstacle.
On the downside, the July 23 intraday low places immediate support near $61.50. The chart also shows a demand area between $58 and $60, where buyers previously interrupted the decline. A sustained move below $58 would extend the sequence of lower lows and leave CRCL vulnerable to another leg down.
Momentum has offered one early sign of relief. The daily moving average convergence divergence line has risen to minus 4.74, above its signal line at minus 6.10, while the histogram has turned positive at 1.36.
Because both MACD lines remain below zero, the chart indicates that selling momentum has eased without confirming a trend reversal. Until CRCL recovers $65.68 and then $70–$72, ARK’s latest purchase remains a bet against an established downtrend rather than confirmation that Circle stock has formed a durable bottom.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
President Trump is weighing a major military strike on Iran that would exceed the scale of previous operations.
He describes the potential action as bigger than anything attempted before, and says the US stands ready to proceed without outside help, reports Axios.
“I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it.”
The president has previously issued forceful warnings that did not immediately translate into action.
But markets are reacting to mounting tensions, with oil prices surging above $100 a barrel and the Dow Jones Industrial Average plunging more than 500 points on the heightened risk of wider conflict.
Trump says the US doesn’t “need anybody” to carry out the attack, adding that Israel “would join in two minutes if I asked them to.”
BitMEX announced Wednesday it will shut down its exchange on Sept. 23, 2026, ending an 11-year run as one of crypto’s most influential derivatives platforms after a strategic review of the business.
What Is Happening And WhenHDR Global Trading Limited, the owner and operator of BitMEX, said the board made the decision following a strategic review of the exchange and the broader crypto industry.
New account registrations stopped immediately with Wednesday’s announcement.
The exchange will continue operating normally until Aug. 26, when BitMEX will stop users from opening new positions, allowing only position reductions.
From Aug. 26 to the Sept. 23 closure, BitMEX will force close existing positions to wind down the market in an orderly way. Any positions still open at closure will be force closed immediately.
What Users Need To DoBitMEX is urging all users to close open positions and withdraw funds as soon as possible.
Users who fail to withdraw by Sept. 23 will face a monthly account fee of $50 or 1% per annum, whichever is greater, with the fee subject to increases over time if funds remain unclaimed.
BitMEX also warned users to watch for phishing attempts exploiting the closure news, noting that no expedited or priority withdrawal service exists.
The company confirmed all assets exceed liabilities as stated on its Proof of Reserves and Liabilities page. BitMEX has unstaked all previously staked BMEX tokens, making them immediately available in holders’ accounts.
What BitMEX Built And Why It MatteredBitMEX launched in 2014 with a mission to give retail traders access to professional-grade crypto derivatives.
The exchange invented the 100x leverage perpetual swap, now the most widely traded product structure in crypto and adopted across thousands of platforms globally.
The company pointed to its security record as a defining achievement, noting that BitMEX never lost user funds to a hack across its entire 11-year operating history, an outcome it said set it apart from many competitors in a space where exchange hacks have cost users billions of dollars.
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Key HighlightsStructured Wind-Down Process Commences for BitMEX PlatformAsset Withdrawal Deadline Precedes Implementation of Storage ChargesPioneering Platform Concludes Operations Following Regulatory and Business Challenges The BitMEX exchange will cease all operations permanently on September 23, 2026. All traders must liquidate their positions before forced closures start on August 26. New user registrations on BitMEX have been immediately suspended following a strategic assessment. Account holders who fail to withdraw assets after the shutdown will incur monthly storage charges. The closure marks the end of a 12-year journey for the crypto derivatives pioneer. The BitMEX cryptocurrency exchange will permanently cease operations on September 23, 2026, following a comprehensive strategic evaluation conducted by HDR Global Trading Limited, its parent entity. New account creation has been disabled immediately, and the platform is advising all customers to liquidate positions and transfer their digital assets before the final closure date.
Structured Wind-Down Process Commences for BitMEX Platform HDR Global Trading Limited made the determination to shutter the BitMEX platform following an extensive analysis of market dynamics and strategic priorities. Operations will persist through September 23 under a carefully managed phase-out plan. Trading limitations, however, will commence earlier on August 26.
Starting from that cutoff, traders will have restricted functionality allowing only position reductions on the exchange. Opening new trading positions will become impossible once these limitations activate. The platform will systematically wind down all outstanding positions leading up to the final termination.
Any contracts still active on September 23 will undergo automatic liquidation. Additionally, the company reserves the right to settle low-liquidity instruments ahead of schedule when required. Following the complete shutdown, customers will retain access solely to balance information, historical transaction data, and withdrawal capabilities.
Asset Withdrawal Deadline Precedes Implementation of Storage Charges The exchange has strongly recommended that all account holders transfer their holdings before trading activities officially terminate. The platform has confirmed that all staked BMEX tokens have undergone unstaking procedures. Consequently, token holders now have immediate access to these assets for transfer purposes.
Verified users who complete Know Your Customer requirements but neglect to remove their assets by the deadline will encounter custody fees. The platform will impose charges of either $50 or one percent per annum, selecting whichever sum proves greater. These fees will be assessed on a monthly basis until customers withdraw their remaining holdings.
BitMEX has alerted its community about fraudulent schemes exploiting the closure announcement. Additional security protocols will be implemented for withdrawal requests to safeguard customer funds throughout this transition. Processing times may extend beyond normal periods due to blockchain network confirmation requirements.
Pioneering Platform Concludes Operations Following Regulatory and Business Challenges Established in 2014, BitMEX rose to prominence as a dominant force in cryptocurrency derivatives trading. The exchange pioneered the 100x leverage perpetual contract structure that subsequently gained widespread industry adoption. Throughout its operational history, the platform maintained an unblemished security record without experiencing customer fund losses from security breaches.
According to company [[LINK_START_2]]statements[[LINK_END_2]], the platform consistently prioritized transparency, decentralized principles, and stringent customer fund protection measures. Earlier in the current year, industry sources suggested the exchange was pursuing potential acquisition opportunities with assistance from financial advisory firm Broadhaven Capital Partners. Shortly before the closure announcement, the organization implemented changes to its executive leadership structure.
The exchange’s history includes notable legal complications. In 2022, the platform’s co-founders entered guilty pleas related to inadequate anti-money laundering protocols during the 2015-2020 period. Although President Donald Trump subsequently issued pardons, the exchange maintained operations until this week’s announcement of its permanent closure following the completed strategic assessment.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
1 hours ago
SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
1 hours ago
Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
1 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
1 hours ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
1 hours ago
UK HMRC discloses crypto tax recovery results: More than £8 million recouped over two years.
The UK’s HM Revenue & Customs (HMRC) has disclosed that since launching its special crypto tax compliance drive in November 2023, it has reached disclosure settlements with 502 crypto investors over the past two years, recovering more than ￡8 million in taxes, for an average settlement of roughly ￡16,600 per case. Of these, 280 settlements were recorded in the 2024/25 fiscal year involving ￡3.54 million, while 222 settlements in the 2025/26 fiscal year brought in around ￡4.78 million. Meanwhile, the number of "reminder letters" HMRC sent to crypto investors has surged sharply: 64,982 in the 2024/25 fiscal year, a 680% jump from three to four years earlier. As the UK joins the OECD’s Crypto Asset Reporting Framework (CARF), crypto service providers will be required to compulsorily collect and report user identity and transaction data to authorities starting January 2026, further limiting investors’ ability to conceal gains. Currently, around 8% of UK adults (approximately 4.5 million people) hold crypto assets.
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
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Highlights
Today's crypto market brief highlights an overall bearish outlook as BTC slips below $65,000. Rising oil prices and regulatory uncertainty are weighing on the market. BitMEX's shutdown dominated discussions in the crypto market today. The crypto market today, July 23, is leaning bearish as geopolitical tensions and lack of regulatory certainty around the CLARITY Act weigh on prices.
Top Movers Brent crude oil price trades at $99, its highest price since May 26, as Yemen’s Houthis attack two oil tankers belonging to Saudi Arabia in the Red Sea. Bitcoin price has dropped below $65,000 because of the escalating geopolitical tensions, while Ethereum has dropped to $1,900. Bitcoin Price Chart CASHCAT is one of the biggest losers today after the price dropped by 23% to $0.043 at the time of writing. The total market cap for Robinhood Chain meme coins is also down by 19% to $139 million. WLFI is among the top gainers in the crypto market after a 6% gain following the adoption of the USD1 stablecoin issued by World Liberty Financial by UFC Freedom Bonuses. Biggest Crypto News of The Day The BitMEX crypto derivatives exchange co-founded by Arthur Hayes is shutting down on September 23 after 11 years in the market. BITMEX token is down 90%, moving from $0.06 when the announcement was made to $0.005. BITMEX Token Crashes BitMEX also urged users to withdraw funds by the September 23 deadline or pay $50 each month as a monthly maintenance fee. Crypto Market Data The total crypto market cap is down by 0.46% to $2.23 trillion. Bitcoin: $64,996 (- 1.36%). Ethereum: $1,908 (-1.78%). XRP: $1.11 (- 2.37%. 24-hour volumes: $58 billion Bitcoin Dominance: 58% 24-Hour Liquidations: $207 million (Long liquidations: $151 million, short liquidations: $55 million). Fear and Greed Index: 31 (fear) What to Watch in the Crypto Market Today The CLARITY Act text released on July 22 will continue to spark debate from both Senate Republicans and Democrats due to the ethics provision Republicans want the DoJ to enforce the ethics rules within this bill, but the Democrats want the state Attorneys general to enforce the rules The views aired today could also affect the odds of the CLARITY Act bill passing in 2026 and move the crypto market. Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Frequently Asked Questions (FAQs)
1. Why is the crypto market down today?
The crypto market today is dropping as geopolitical tensions and new hurdles in the CLARITY Act weigh on price.
2. Which are the top movers in the crypto today?
The top movers in the crypto market today are CASHCAT, and BitMEX token that are down by 20% and 90%, respectively.
3. What is the biggest news in the crypto market today?
The biggest news in the crypto market today is the shutting down on the BitMEX exchange.
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About Author
About Author
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
BitMEX, the legendary crypto derivatives exchange that pioneered 100x leveraged perpetual swaps and reshaped the digital asset trading industry, is shutting down after more than 11 years of operations.
Cover image via U.Today
Legendary cryptocurrency exchange BitMEX has announced that it is shutting down.
HDR Global Trading Limited, the owner of the exchange, has "made the difficult decision" to close operations following a strategic review of the business.
The exchange has stated that it is "proud" of its legacy, which has surpassed 11 years.
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The cryptocurrency trading platform, which used to attract plenty of risk-seeking investors, is primarily known for inventing 100x leveraged perpetual swaps that ended up revolutionizing the industry. Today, nearly every major derivatives exchange, including Binance, Bybit, OKX, and Deribit, uses such contracts.
Its users generated exceptionally high trading volumes, and the exchange accounted for roughly 50% of the global futures open interest of its influence around 2019. The BitMEX liquidation cascade during the March 12–13, 2020 "Black Thursday" crypto crash was a pivotal event in crypto market history.
BitMEX's dominance began to rapidly erode in 2020 after U.S. regulators charged its founders, including CEO Arthur Hayes, with violating anti-money laundering rules. Competitors such as Binance Futures, Bybit, and FTX rapidly gained market share, chipping away at the exchange's massive dominance.
The exchange gained compliance cred while losing its influence. After his legal troubles, Hayes reinvented himself as a crypto macro commentator and investor and obtained a full pardon.
Funds are safe BitMEX has reassured investors that their funds are safe in its announcement. "We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone," the exchange said.
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Users have been encouraged to close their positions and withdraw their funds as soon as convenient.
CZ reactsBinance founder Changpeng Zhao has reacted to the wind-down by showing respect for Hayes.
Sad to see BitMex go. Some thoughts:
BitMex pioneered 100x perps in crypto back in 2014. Delivery futures existed before then, making Fridays hectic.
BTC deposits only, one chain only, withdrawals only once per day, through a multi-sig wallet. The constraints that seemed… https://t.co/8kP8byy37y
— CZ 🔶 BNB (@cz_binance) July 23, 2026 He claims that BitMEX did not survive the "war on crypto" from the previous admin.
Owner HDR Global Trading blamed a strategic review; users have until an Aug. 26 risk-limit cutover before positions get force-closed.
BitMEX will permanently shut down its exchange on Sept. 23, the crypto derivatives venue said on Thursday, telling users to close positions and withdraw funds before the deadline. Owner and operator HDR Global Trading Limited made the decision "following a strategic review of the business," according to the notice posted to BitMEX's official X account and its blog.
"We strongly encourage all users to close their positions and withdraw their funds as soon as convenient," BitMEX said, adding that user assets "remain fully safe and under your control during this transition period."
The exchange said it invented the 100x leverage perpetual swap, "now the most traded financial product in the crypto industry," and cited an 11-plus-year operating history. Arthur Hayes co-founded BitMEX in 2014. Hayes posted that he was "so proud of what we created and that we will shutdown responsibly on our own terms."
The BMEX token plunged on the news, down roughly 91% over 24 hours, with a circulating market cap near $540,000, per CoinGecko.
BMEX 24 hr price. Source: CoinGeckoWind-down timelineBitMEX will apply risk limits from Aug. 26 that block new positions and permit only reduce-only trades, and will force-close any positions still open ahead of the shutdown. Anything open at closure gets force-closed immediately. New account registrations stopped the same day as the announcement.
KYC'd users who fail to withdraw by the closure time will be charged a monthly account fee of $50 equivalent or 1% per annum, whichever is greater, on remaining balances. Withdrawals and login access will remain available after closure.
The exchange had been seeking a buyer since February 2025, when it retained Broadhaven Capital Partners to run a sale process; BitMEX did not disclose whether that process produced a bidder. BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over an inadequate anti-money laundering program and was hit with an additional $100 million fine in January 2025. President Donald Trump pardoned the co-founders in March 2025.
PANews, July 24 – Blockchain data analysis platform Bubblemaps stated that after BitMEX announced its closure, its platform token BMEX fell sharply, currently down about 95% from its previous level. According to BitMEX’s publicly disclosed tokenomics, approximately 75% of the total BMEX supply was originally planned for employee incentives, ecosystem development, and long-term reserves, but these tokens have never been distributed on-chain.
Data shows that in 2021, about 92% of the BMEX supply was locked in vesting contracts, with the remaining 8% distributed at token launch, including: 5% for airdrops; 3% for product and liquidity support.
Each allocation category previously corresponded to a separate address for receiving future unlocked tokens. However, to date, only one claim has been recorded: on November 2, 2022, the product and liquidity address claimed approximately 63.75 million BMEX, while the addresses for employee incentives, ecosystem growth, and long-term reserves have seen no token claims.
Bubblemaps noted that this does not necessarily indicate a problem, as the project may have subsequently adjusted its tokenomics, contracts, or distribution plan without reflecting these changes on-chain. But according to the previously public BMEX tokenomics design, the tokens in these allocation buckets have not yet actually entered on-chain circulation.
BitMEX, co-founded by Arthur Hayes and others, pioneered the perpetual contract trading model, having a significant impact on the development of the crypto derivatives market. Following the announcement of the closure, market confidence in BMEX was noticeably shaken.
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
1 hours ago
SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
1 hours ago
Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
1 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
1 hours ago
UK HMRC discloses crypto tax recovery results: More than £8 million recouped over two years.
The UK’s HM Revenue & Customs (HMRC) has disclosed that since launching its special crypto tax compliance drive in November 2023, it has reached disclosure settlements with 502 crypto investors over the past two years, recovering more than ￡8 million in taxes, for an average settlement of roughly ￡16,600 per case. Of these, 280 settlements were recorded in the 2024/25 fiscal year involving ￡3.54 million, while 222 settlements in the 2025/26 fiscal year brought in around ￡4.78 million. Meanwhile, the number of "reminder letters" HMRC sent to crypto investors has surged sharply: 64,982 in the 2024/25 fiscal year, a 680% jump from three to four years earlier. As the UK joins the OECD’s Crypto Asset Reporting Framework (CARF), crypto service providers will be required to compulsorily collect and report user identity and transaction data to authorities starting January 2026, further limiting investors’ ability to conceal gains. Currently, around 8% of UK adults (approximately 4.5 million people) hold crypto assets.
1 hours ago
U.S. Trade Representative Greer is set to release a tariff announcement today.
U.S. Trade Representative Greer is set to release a tariff announcement today. Notably, the new tariff announcement is an extension of previous tariffs. Earlier, Trump said he would implement new tariffs on dozens of countries as soon as this week, and the current 10% global tariff is set to expire this week. The U.S. government is considering maintaining the 10% tariff rate for many countries, while exploring legal avenues to impose higher tariffs on others.
23 July 2026 | 19:48 BitMEX is seeing traders rapidly reduce their exposure after the exchange announced that it will shut down, with its native token and Bitcoin derivatives market both recording steep declines.
Key Takeaways The token reached its lowest level since November 2022. Bitcoin open interest on BitMEX has dropped to $113 million. Open interest has contracted by roughly 96% from its 2024 peak. At the time of writing, BMEX had fallen approximately 92% over the previous 24 hours, according to the BMEX/USDT chart on TradingView. The decline pushed the token to its lowest level since November 2022, when BMEX began trading.
BMEX/USDT daily technical chart showing recent sharp downward price action. The token’s collapse was accompanied by another sign of users leaving the platform. Bitcoin open interest on BitMEX fell to approximately $113 million, according to data shared by Alphractal.
Detailed recent view of Bitcoin open interest and price action on BitMEX. Open Interest Has Fallen From $3 Billion to $113 Million Alphractal’s longer-term chart shows that Bitcoin open interest on BitMEX stood near $3 billion at its 2024 peak. Two years later, only around $113 million remains, representing a decline of roughly 96%.
Macro chart tracking Bitcoin open interest against price on BitMEX through July 2026. The latest reading is also the lowest level visible on the multiyear chart. The sharpest recent move occurred immediately after the exchange confirmed its planned closure, although BitMEX’s derivatives market had already been shrinking before the announcement.
Open interest measures the total value of active derivative contracts that have not been closed or settled. Falling open interest can result from traders voluntarily closing positions, being liquidated or transferring their activity to another venue.
It should not be interpreted as $2.9 billion in customer losses. Instead, the decline shows how much less active Bitcoin derivatives exposure is now held on BitMEX compared with the exchange’s 2024 peak.
The Closure Accelerated the Exit BitMEX announced on July 23 that it will cease exchange operations on September 23 at 04:00 UTC. The platform will become reduce-only on August 26, after which users will no longer be able to open new positions and BitMEX may begin closing those that remain.
Our guide to the BitMEX shutdown deadlines explains when normal trading ends, what happens to open positions and why users should withdraw remaining balances before the final closure.
The timetable gives derivatives traders little reason to establish new exposure on the exchange. Positions intended to remain open beyond August face the risk of being closed during the wind-down, while comparable contracts remain available on other platforms.
BMEX Is Losing the Platform That Gave It Utility BMEX was designed around the BitMEX ecosystem, with its value tied to exchange-specific benefits such as fee discounts, rewards and other user incentives.
Once the exchange closes, much of that practical role disappears with it. The token is no longer being valued against the growth of an operating trading platform, but against an ecosystem entering its final wind-down. That helps explain why BMEX fell 92% in a single day and reached its lowest level since trading began in November 2022.
The shutdown accelerated the exit, but the longer-term chart shows that BitMEX’s role in Bitcoin derivatives had already weakened substantially before the closure was announced.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
23 July 2026 | 19:48 BitMEX is seeing traders rapidly reduce their exposure after the exchange announced that it will shut down, with its native token and Bitcoin derivatives market both recording steep declines.
Key Takeaways The token reached its lowest level since November 2022. Bitcoin open interest on BitMEX has dropped to $113 million. Open interest has contracted by roughly 96% from its 2024 peak. At the time of writing, BMEX had fallen approximately 92% over the previous 24 hours, according to the BMEX/USDT chart on TradingView. The decline pushed the token to its lowest level since November 2022, when BMEX began trading.
BMEX/USDT daily technical chart showing recent sharp downward price action. The token’s collapse was accompanied by another sign of users leaving the platform. Bitcoin open interest on BitMEX fell to approximately $113 million, according to data shared by Alphractal.
Detailed recent view of Bitcoin open interest and price action on BitMEX. Open Interest Has Fallen From $3 Billion to $113 Million Alphractal’s longer-term chart shows that Bitcoin open interest on BitMEX stood near $3 billion at its 2024 peak. Two years later, only around $113 million remains, representing a decline of roughly 96%.
Macro chart tracking Bitcoin open interest against price on BitMEX through July 2026. The latest reading is also the lowest level visible on the multiyear chart. The sharpest recent move occurred immediately after the exchange confirmed its planned closure, although BitMEX’s derivatives market had already been shrinking before the announcement.
Open interest measures the total value of active derivative contracts that have not been closed or settled. Falling open interest can result from traders voluntarily closing positions, being liquidated or transferring their activity to another venue.
It should not be interpreted as $2.9 billion in customer losses. Instead, the decline shows how much less active Bitcoin derivatives exposure is now held on BitMEX compared with the exchange’s 2024 peak.
The Closure Accelerated the Exit BitMEX announced on July 23 that it will cease exchange operations on September 23 at 04:00 UTC. The platform will become reduce-only on August 26, after which users will no longer be able to open new positions and BitMEX may begin closing those that remain.
Our guide to the BitMEX shutdown deadlines explains when normal trading ends, what happens to open positions and why users should withdraw remaining balances before the final closure.
The timetable gives derivatives traders little reason to establish new exposure on the exchange. Positions intended to remain open beyond August face the risk of being closed during the wind-down, while comparable contracts remain available on other platforms.
BMEX Is Losing the Platform That Gave It Utility BMEX was designed around the BitMEX ecosystem, with its value tied to exchange-specific benefits such as fee discounts, rewards and other user incentives.
Once the exchange closes, much of that practical role disappears with it. The token is no longer being valued against the growth of an operating trading platform, but against an ecosystem entering its final wind-down. That helps explain why BMEX fell 92% in a single day and reached its lowest level since trading began in November 2022.
The shutdown accelerated the exit, but the longer-term chart shows that BitMEX’s role in Bitcoin derivatives had already weakened substantially before the closure was announced.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
One of crypto’s pioneering derivatives platforms is closing its doors after more than a decade.
BitMEX, the exchange that invented perpetual futures contracts, has notified users it will end all operations by September 23rd after an 11-year run in the industry.
“With immediate effect, we have stopped all new account registrations. Following a strategic review of the business and the broader crypto industry, the board of HDR Global Trading Limited, owner and operator of BitMEX, has decided to close the exchange. This comes with a heavy heart for all of us at the company and has not been taken lightly…
The BitMEX platform has always remained grounded to the true ethos of Bitcoin – neutrality, transparency, and decentralisation, which is evident through our peer-to-peer operations and a top priority focus on user fund safety. While this news is a difficult one to share, we are proud of everything that has been built at the company since its launch as a pioneer of crypto derivatives.”
The shutdown signals further consolidation among crypto derivatives providers, and users are advised to take necessary steps ahead of the final closure date.
No exact reasons beyond the announcement are provided in the initial notice.
TLDR Yellow metal declined approximately 1% Thursday following Wednesday’s two-week peak Geopolitical turmoil in Middle East drove crude prices upward, intensifying inflation worries Upcoming Federal Reserve policy meeting dominates precious metal market attention Market participants remain uncertain about potential additional rate increases Bargain hunters continue accumulating positions despite elevated interest rate environment Precious metal valuations retreated Thursday following their climb to a two-week summit during the prior session. New York futures contracts declined approximately 1% to $4,110 per troy ounce during morning trade.
Gold Aug 26 (GC=F) The downturn materialized after the yellow metal gained roughly 3% across the preceding two trading days. Bargain-seeking investors had entered the market even as strengthening U.S. Treasury yields applied downward pressure on the commodity.
Spot gold decreased 0.1% to $4,127.99 per ounce around 5:31 GMT. Futures contracts fell 0.5% to $4,130.62. Both silver and platinum registered modest gains during the session.
Middle East Turmoil Elevates Energy Costs Intensifying regional conflict in the Middle East continues to maintain inflation anxieties. The United States and Iran demonstrated minimal indication of resuming diplomatic discussions as tensions escalated further.
BREAKING: The next phase of the war may be imminent. Israel has reportedly entered its highest state of military readiness after being notified by Washington that the United States is preparing a major expansion of operations against Iran, according to Kan.
The report says U.S.…
— The Iranian Letter (@TheIranianzg3z) July 23, 2026
Strikes targeting petroleum tankers in the Red Sea occurred for the first occasion since hostilities erupted in late February. Yemen’s Houthi faction assumed responsibility for these assaults.
The Red Sea represents a critical pathway for Saudi Arabian petroleum shipments. The disruptions contributed to oil valuations reaching multi-week summits, prompting markets to recalibrate inflation projections.
Higher oil prices amplify inflation expectations. This holds significance for gold since it elevates the probability that the Federal Reserve maintains restrictive monetary policy for an extended duration.
Elevated rates amplify the opportunity cost associated with holding gold, which generates no income. This dynamic typically pressures valuations downward.
Fed Meeting in Focus Market participants are closely monitoring next week’s Federal Reserve policy gathering. The monetary authority is broadly anticipated to maintain current rate levels this month.
Nevertheless, financial markets are incorporating expectations for at least one additional rate increase before year-end. Fed Chair Kevin Warsh has provided limited clarity regarding future policy direction, amplifying uncertainty.
Investors display divided opinions regarding the timing of potential additional tightening. This ambiguity is maintaining gold within a consolidation range near present levels.
Despite rate-related headwinds, certain buyers have been expanding their gold allocations. ANZ analysts observed that non-commercial net long exposures have risen to their most elevated level since January.
Capital flowing into gold-backed exchange-traded funds has similarly accelerated. ANZ indicated some investors appear to be deploying gold as protection against elevated equity market valuations.
The institution highlighted that dip-buying activity has supported gold even as energy market developments suggest a more hawkish policy environment.
Gold has maintained positioning above the $4,000 threshold this week, a psychologically significant level monitored by market participants. The commodity experienced a sharp decline from its January record earlier this year.
The subsequent critical level under trader scrutiny is resistance approaching $4,200. Whether gold can generate sufficient upward momentum to test that barrier will likely hinge on Federal Reserve communication next week.
After a prolonged period of outflows, Bitcoin has seen a shift to inflows. According to Farside Investors data, US spot Bitcoin ETFs recorded a net inflow of $69.1 million the previous day. This marks the seventh consecutive day of net inflows.
On-chain data platform Santiment noted that Bitcoin ETFs have recorded net inflows for seven consecutive days since July 14th, with total ETF inflows reaching $981.2 million, driving Bitcoin up to $66,300.
At this point, Santiment noted that this steady series of inflows, following the heavy fund outflows seen in May and June, is considered a significant signal that institutional investor confidence is recovering.
Santiment analysts note that sustained demand for ETFs could have a supportive effect on the Bitcoin price.
Santiment also drew attention to an important detail regarding ETFs and the BTC price. Analysts noted that a similar series of inflows was last seen in October 2025, and that the strong surge following that inflow led Bitcoin to its all-time high of $126,000.
Analysts say that while there’s no guarantee this trend will repeat itself and trigger a surge, the momentum in ETF inflows is a key indicator that the market should closely monitor.
Santiment analysts note that the current ETF inflow is creating a positive environment for Bitcoin to potentially recover towards the $70,000 level. However, they also warn that a sudden, massive inflow could indicate excessive optimism (FOMO) in the market and the formation of a short-term price peak.
*This is not investment advice.
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Bitcoin’s latest rally has carried the asset back into an area where sellers have previously regained control. The coming sessions should reveal whether this recovery has enough strength to continue or if another rejection is waiting around the corner.
Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC has extended its recovery into the $65.5K-$66.7K supply zone after successfully reclaiming the descending trendline that had capped the price action for weeks. While this breakout represents a notable improvement in market structure, the broader trend remains constrained beneath the declining 100-day moving average, with the 200-day moving average positioned even higher.
The current resistance zone also coincides with a previous distribution area, increasing the likelihood of seller activity around current levels. A decisive daily close above $66.7K would strengthen the bullish case and expose the next resistance around $72K-$74K.
On the downside, the former breakout area near $63K-$64K now serves as the first demand zone. As long as BTC holds above this region, buyers remain in short-term control. Losing this support would shift attention back toward the broader demand zone around $58K-$59.5K, where the latest impulsive rally originated.
BTC/USDT 4-Hour Chart The 4-hour chart highlights a clear shift in momentum after Bitcoin broke above the descending trendline and rallied directly into the overhead supply zone around $65.5K-$66.7K. The market is now consolidating beneath resistance after rejecting the upper boundary of the range.
This pause appears consistent with profit-taking rather than a confirmed trend reversal, especially since the previous resistance trendline has already been reclaimed. If buyers manage to absorb the current supply, a breakout above $66.7K could trigger another impulsive leg higher.
However, failure to sustain current levels would likely result in a pullback toward the $63K-$64K demand zone, which aligns with the recently broken trendline and could serve as the next area for buyers to defend before another attempt higher.
Sentiment Analysis The one-year Binance liquidation heatmap shows a notable concentration of short-side liquidity around the $88K region, standing out as one of the largest untouched liquidity pools above the current market price.
From a market structure perspective, this aligns with the broader idea that Bitcoin may eventually be drawn toward that liquidity. However, until price sweeps the $90K cluster and successfully establishes acceptance above it, it is difficult to argue that the higher-timeframe trend has fully transitioned into a bullish market.
As a result, the current recovery should still be viewed with caution. Although the technical structure has improved over the short term, every bullish leg can still be interpreted as corrective within the broader bearish context until the major overhead liquidity is cleared and price stabilizes above that region.
Ford has a plan for self-driving cars, and it does not involve waiting on anyone else to build it for them. The automaker announced on January 7, 2026, that it is developing its own Level 3 driver-assistance system, with a rollout target of 2028 on a new electric vehicle platform.
Ford’s self-driving ambition, built in Detroit Level 3 autonomy is a meaningful step up from what most drivers experience today. Unlike Level 2, where you still need to keep your eyes on the road, Level 3 lets the car handle driving in specific conditions while the driver can genuinely look away, at least until the system asks them to take back control.
Ford says developing this technology internally will cost 30% less than sourcing it from outside suppliers. That is not a trivial margin in an industry where development costs routinely run into the billions.
The company already has a working foundation to build from. Its BlueCruise Level 2 system currently enables hands-free driving on more than 100,000 miles of pre-mapped roads and is sold via subscription, suggesting that Ford’s driver-assistance bet has already found a paying audience.
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Where Apple fits in, and where it does not Doug Field, who spent years at Apple before leaving, now serves as Ford’s Chief Officer of Advanced Technology and Embedded Systems, a role he has held since 2021.
Ford has not confirmed any integration of Apple software into its autonomous driving technology. The current relationship between Ford and Apple appears limited to CarPlay, the familiar infotainment interface that lets drivers mirror their iPhone on the dashboard screen.
Apple itself has been pulling back from its more ambitious autonomous vehicle work. The company spent years reportedly developing what was internally called Project Titan, an effort that at various points aimed at building a fully self-driving car. That project was significantly scaled back, with Apple refocusing on software rather than hardware. The idea that Apple is now plugging its autonomous software into Ford’s 2028 EV platform is not supported by anything either company has disclosed.
What this means for investors watching automotive tech Ford says its in-house development delivers a 30% cost advantage over external sourcing, reflecting a calculation that controlling the technology means controlling the cost structure, the update cadence, and the data that makes the system smarter over time.
Several competitors, including Mercedes-Benz, have already received regulatory approval for Level 3 systems in limited markets. The question is whether Ford can do it at scale, on an EV platform, at a cost that makes the subscription economics work.
BlueCruise offers a proof of concept that drivers will pay recurring fees for driver-assistance features. If Ford can extend that model to Level 3, the revenue opportunity shifts from a one-time hardware sale to an ongoing software relationship with millions of vehicle owners.
The absence of a major tech partner in this equation also has implications for companies like Mobileye and Qualcomm that supply ADAS components. Ford leaning in-house is one data point, but if larger automakers broadly adopt this posture, the addressable market for third-party autonomy suppliers contracts.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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