#bitmex - the daily grind

BREAKING

Sep 24BitMEX Invented the 100x Perpetual Swap, Beat a Criminal Case With a Presidential Pardon, Then Lost to the Product It Created. Leave Money There Now and It Costs You $50 a Month●Sep 23Circle Pays Binance Every Month to Push USDC. Now Binance Owns $100M of Circle, and the Filing Landed the Same Day the Sanctions Probe Leaked●Sep 22Last Week Manhattan Prosecutors Moved to Seize $61M of Iranian Oil Money That Ran Through Binance. This Week They're Investigating Binance●Sep 21Polymarket's Payment Processor Was Rejecting 80% of US Deposits as Fraud. The CEO's Reported Answer: Keep Growing, Pay the Fine Later●Sep 20Robinhood Wallet Users Bought Dogwifhat With Credit Cards and Earned Cash Back, Because Visa Was Told They Were Buying E-Books●Sep 19The Senate Needed 60 Votes to Give Crypto a Rulebook and Got 49. The CFTC Needed Zero, and Just Filed One With the White House.●Sep 18The SEC Just Legalized Trading Apple Stock on Uniswap. The $3 Billion of Tokenized Stocks That Already Exist Don't Qualify.●Sep 17Two Robinhood Engineers Front-Ran Their Own Company's Token Listings on Hyperliquid. They Made $50K Each. They're Facing 30 Years.●Sep 16The Democrats Who Helped Write the CLARITY Act Just Voted to Kill It. 49-50. Crypto's Senate Bill Is Dead for 2026.●Sep 15Balancer's CEO Just Asked Token Holders to Vote the Protocol Dead. Its $9M Treasury Is Worth More Than Its Own Token.●Sep 24BitMEX Invented the 100x Perpetual Swap, Beat a Criminal Case With a Presidential Pardon, Then Lost to the Product It Created. Leave Money There Now and It Costs You $50 a Month●Sep 23Circle Pays Binance Every Month to Push USDC. Now Binance Owns $100M of Circle, and the Filing Landed the Same Day the Sanctions Probe Leaked●Sep 22Last Week Manhattan Prosecutors Moved to Seize $61M of Iranian Oil Money That Ran Through Binance. This Week They're Investigating Binance●Sep 21Polymarket's Payment Processor Was Rejecting 80% of US Deposits as Fraud. The CEO's Reported Answer: Keep Growing, Pay the Fine Later●Sep 20Robinhood Wallet Users Bought Dogwifhat With Credit Cards and Earned Cash Back, Because Visa Was Told They Were Buying E-Books●Sep 19The Senate Needed 60 Votes to Give Crypto a Rulebook and Got 49. The CFTC Needed Zero, and Just Filed One With the White House.●Sep 18The SEC Just Legalized Trading Apple Stock on Uniswap. The $3 Billion of Tokenized Stocks That Already Exist Don't Qualify.●Sep 17Two Robinhood Engineers Front-Ran Their Own Company's Token Listings on Hyperliquid. They Made $50K Each. They're Facing 30 Years.●Sep 16The Democrats Who Helped Write the CLARITY Act Just Voted to Kill It. 49-50. Crypto's Senate Bill Is Dead for 2026.●Sep 15Balancer's CEO Just Asked Token Holders to Vote the Protocol Dead. Its $9M Treasury Is Worth More Than Its Own Token.●

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#bitmex

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BitMEX Invented the 100x Perpetual Swap, Beat a Criminal Case With a Presidential Pardon, Then Lost to the Product It Created. Leave Money There Now and It Costs You $50 a Month

Sep 24, 2026 · 5 min read

BitMEX stopped trading on September 23 at 04:00 UTC, 11 years after launch. It invented the perpetual swap in 2016 and once handled about 57% of all crypto derivatives trading. Perps did $61.7 trillion in volume in 2025, and almost none of it went through BitMEX. The company says it never lost user funds to a hack, but it still owes something: the Celsius estate filed a $490 million lawsuit over 2020 liquidations eleven days before the shutdown. Here's what happened, what users need to do before the fees start, and what it means if you work in derivatives.