Read BitMEX news covering derivatives trading, exchange updates, legal developments, market strategy, and institutional crypto products.
Comparing the crypto-margined and cash-margined futures open interest reveals a discrepancy that has never been higher, indicating a growing preference for stability and risk mitigation in the market.
Andjela Radmilac 3 min read 
In a thought-provoking blog post, the former BitMEX CEO explores the potential interplay between AI and cryptocurrencies.
Bitcoin (BTC) dropped below two psychological price barrier in the last 24 hours to liquidate $66.14 million long positions.
The exchange said it identified an issue and halted all activities except cancel options between 13:58 UTC and 14:18 UTC.
Hayes said 1 NUSD would be created by depositing $1 Bitcoin on a derivative exchange and then shorting the same amount of Bitcoin on an inverse perpetual swap.
The former BitMEX CEO expects a melt up between now and 2026, followed by an economic collapse.
Hayes's GMX holdings equate to over $13 million at the time of writing as his current profit is nears $8 million.
Galaxy Digital plans to cut 20% of its staff, while BitMex is eyeing layoff of around 30%. Meanwhile, DCG laid off 10% of its 100 staff.
BitMEX former executive Gregory Dwyer has pleaded guilty to violating the Bank Secrecy Act.
