Bitcoin has traded in a $64,000-$66,800 range for a third straight session after rallying more than 13% from its July 1 low near $57,750, with traders now looking to next week's Fed meeting for a fresh catalyst.
CoinDesk
BitMEX, the exchange that pioneered the 100x-leverage perpetual swap in 2014, told users it will wind down operations by September 23, forcibly closing remaining open positions starting August 26; the company says a proof-of-reserves check shows customer assets are fully covered.
why it mattersOne of the products that defined crypto derivatives trading is exiting the market it created.
BitMEX
Three separate exploits hit AFX Trade's Arbitrum bridge (~$24.15M), the Verus-Ethereum bridge (~$7.54M, the same bug class as a May hack), and Bitcoin-scaling network B² Network's staking contract (~$3.86M) within a single six-hour window.
why it mattersA reminder that bridges connecting bitcoin to other chains remain a recurring, unresolved attack surface.
CoinDesk