Publikovat

🚨 EXCHANGES ARE DYING BitMEX just announced it will shut down in September. After 11 years, more than $2 trillion in volume on a single contract, and now reportedly doing just $400,000 a day — the decline is hard to ignore. They reportedly tried to sell the business first, hiring a bank and seeking around $1 billion, but no buyer stepped up. Then, just three weeks before the shutdown announcement, the CEO, CFO, and Head of Growth all resigned — while $BMEX plunged 90%. Meanwhile, Coinbase, Kraken, Gemini, and Crypto.com have all reportedly cut staff this year. But the bigger story is happening behind the scenes. 17 major banks, including JPMorgan, Citi, and Bank of America, are reportedly working on their own onchain settlement network. The role exchanges once played was to act as the bridge between users and financial infrastructure. Now, the financial system is starting to build that infrastructure itself. And DeFi is moving faster. Hyperliquid reportedly generated $161 million in revenue in Q1 — the highest among DeFi protocols. The CEX was a workaround for broken infrastructure. Now, the infrastructure is getting better. The question is: What happens to the middlemen when the bridge is no longer needed? #CXMTMemoryIPO #FOMCRateWatch $ETH $BTC $LAB