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Crypto

BitMEX to wind down operations after 11 years; Zhao says \'sad\'

Cryptocurrency exchange BitMEX will cease operations on Sept. 23 local time. Operator HDR Global Trading decided to permanently close the exchange after reviewing its business strategy and broader crypto market conditions. New sign-ups have been halted, and limits on new positions will begin on Aug. 26. Unclosed positions will be liquidated at shutdown. BitMEX said it is not responsible for losses from failure to close positions by deadlines.

Crypto

Bitcoin $70,000-$72,000 call options surge as post-FOMC window seen as key test

Large call option positions targeting bitcoin at $70,000 and $72,000 have built up ahead of a July 31 expiry on Deribit. Open interest clustered around those strikes, with bitcoin near $64,289 at the time. Deribit’s chief business officer described a block trade structured as a bull call spread. The expiry falls just after the U.S. Federal Reserve’s July 29 policy decision, focusing attention on whether bitcoin can clear resistance near $69,000.

Crypto

U.S. Treasury yields near 4.6 percent; can bitcoin rebound after options expiry

Bitcoin is in focus on July 10 ahead of a $1.4 billion Deribit options expiry, with attention on whether it can hold the $62,000 support level. The market is watching rising U.S. 10-year Treasury yields, nearing 4.6 percent, alongside shifts of risk-asset funds toward stocks, particularly AI-related shares. Spot bitcoin ETFs recorded $85 million of net outflows on July 8, while options activity has recently tilted toward calls over puts.