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Crypto

BitMEX former customers file class action lawsuit on closure announcement day over insider trading allegations

Two former BitMEX customers filed a class action lawsuit against the cryptocurrency exchange and three co-founders on the day it announced plans to close in September. A report by The Block said BKX Services and David Namdar alleged BitMEX ran a private insider trading desk and traded against clients using account information. They also alleged deliberate server stoppages during volatile periods to block access and trigger forced liquidations.

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.

Industry

Electronica Shanghai 2026: Electrification and AI reshape electronic components landscape

At Electronica Shanghai 2026, exhibitors highlighted a shift in intelligent driving from maximising raw computing power to sustaining performance under limited power. Texas Instruments showcased scalable automotive SoCs and radar, while suppliers promoted sensors and high-voltage power components for faster charging and tougher thermal conditions. Connectors drew attention as higher voltages and growing in-vehicle data traffic raised demands for reliability. Discussions also focused on power delivery losses in data centres.