Regulations

Story: BitMEX Closes After 11 Years as Crypto ATM Losses Hit $124M and Clarity Act Stalls

By Evie Vavasseur

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Clarity Act Hits a Wall. On the legislative side, the Clarity Act is in trouble. The bill wants to impose ethics rules on U.

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Bridge Exploits and Home Invasions. Security took hits from two directions this week. On the physical side, blockchain security firm…

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Markets, Indexes, and Robinhood's Next Move. Bitcoin was sitting at $65,395. Ethereum at $1,958. Total crypto market cap came in at $2.

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BitMEX is shutting down in September. After 11 years as one of the most recognizable names in crypto derivatives trading, the exchange is done — killed off by shrinking market…

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The numbers tell the story pretty clearly. Daily trading volumes at BitMEX had fallen to $84 million, a fraction of what the platform once moved.

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The class action lawsuit didn't help. Details on the specific allegations remain limited in what's been publicly filed, but the combination of legal exposure and collapsing…

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The opposition isn't just procedural. Critics say the current version of the bill is written in a way that favors the current administration — specifically, a clause that exempts…

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Unclear if the bill gets revised before recess or just dies quietly.

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Security took hits from two directions this week. On the physical side, blockchain security firm CertiK put out figures showing financial exposure from home invasions linked to…

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See also: Fidelity Joins 2026 Senate Push to Pass CLARITY Act With Crypto Coalition

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On the protocol side, two bridge exploits cost the market more than $31.6 million. The attacks hit AFX and Verus Protocol.

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S&P Dow Jones Indices and Pantera Capital launched a new digital asset index that excludes Bitcoin and XRP.

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Robinhood is reportedly in talks with Crypto.com to expand its prediction markets. The company launched prediction markets back in March 2025 through Kalshi, working within the…

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Related: CLARITY Act Has a 30% Shot at Passing With Four Days Left

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Balaji Srinivasan's Network School is moving. After losing its business license in Malaysia — reportedly over premises-use violations — the school signed a memorandum of…

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