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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

Michael Saylor opposes Bitcoin BIP-110 as dispute grows over Ordinal controls

Michael Saylor has publicly opposed BIP-110, a proposal to limit non-monetary transactions on the Bitcoin network. The dispute centres on how much to restrict Ordinal records and other arbitrary data. Saylor said he respects developers who support the plan but does not agree with the solution, urging neutral rules and permissionless innovation. Supporters call Ordinals-driven blockchain bloat a serious threat. Activation would require 55 percent node support for one block period, while recent support has been low.

AI & Enterprise

Apple-OpenAI lawsuit raises eight key issues, putting Siri AI tie-up at risk

Apple has filed a lawsuit against OpenAI and two key members of OpenAI’s hardware organisation, accusing them of misusing trade secrets and describing their actions as corporate espionage. Apple alleges former employees relied illegally on confidential internal information after moving to OpenAI, and it seeks a jury trial. OpenAI has limited its public response. The dispute may weigh on existing cooperation, including Siri features that let users route requests to ChatGPT.