BitMEX halts deposits, shutters exchange operations
Withdrawals stay open, but the closure of one of crypto's longest-running derivatives venues is the latest contraction signal for an offshore perps sector that has been thinning for quarters.
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Withdrawals stay open, but the closure of one of crypto's longest-running derivatives venues is the latest contraction signal for an offshore perps sector that has been thinning for quarters.
The $3B drop in stablecoin supply looks small in percentage terms, but it lands alongside Bitcoin's 14% Q2 slide, a 52% collapse in Ethena's sUSDe, and a 45% haircut to Arbitrum's stablecoin…