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Crypto
BitMart shutdown fuels confusion as founder says he will not run away
BitMart founder Sheldon Xia denied allegations he had disappeared with customer funds as the cryptocurrency exchange moves toward shutting down. Xia said the firm is conducting an asset inventory, consolidating assets and maintaining systems, and will issue official notices in sequence. His statement did not include a reserves report or a withdrawal timetable. BitMart announced on July 26 it would orderly close the platform, after users complained about access and withdrawals.
Crypto
BitMart to wind down crypto exchange after 9 years, to end operations in January 2027
BitMart will end operations of its global cryptocurrency exchange after 9 years, with full shutdown set for Jan. 31, 2027 at 1559 UTC. Trading is being restricted in phases, including halts to new account openings, deposits and new spot and futures orders. Automated services will also be wound down. Users will still be able to log in for a period after operations stop to review records and request withdrawals, but enhanced checks may apply.
Mobility
JackRabbit unveils 25-kg ultralight MG Cargo e-bike with 225-kg payload
JackRabbit has unveiled the MG Cargo, a 25-kg ultralight cargo electric bicycle designed to carry up to 225 kg while keeping a compact frame. The bike uses a 749-watt motor and a removable dual RangeBuster battery system with a maximum range of about 48 miles. It can fold to around 8 inches wide. JackRabbit also introduced the ModRabbit accessory platform and set the price at $2,499.
