BitMEX is dead — and its token just got obliterated.
BitMEX is dead — and its token just got obliterated. BitMEX token down 90%. Not a dip. Not a correction. The exchange announced a full shutdown. Token is effectively zeroed out in a single session. If you were holding BMEX, that position is gone.
Transcript
BitMEX is dead — and its token just got obliterated.
BitMEX token down 90%. Not a dip. Not a correction. The exchange announced a full shutdown. Token is effectively zeroed out in a single session. If you were holding BMEX, that position is gone.
Separately, Federal Home Loan Bank of Indianapolis filed an 8-K with the SEC moments ago. Filing is fresh. Details are still being parsed. When a Federal Home Loan Bank files an 8-K, you watch it — these institutions sit inside the housing finance infrastructure. No material numbers confirmed yet. Eyes on it.
Two stories. One is a crypto collapse with a clear catalyst. One is a regulatory filing with unknown payload. Both hit the tape within minutes of each other.
Watch mortgage-adjacent names if that 8-K contains anything material. And if you had any exposure to centralized crypto exchanges — this is your reminder that counterparty risk is real and it moves fast.
BMEX minus 90. FHLB Indianapolis 8-K live on EDGAR now.
Numbers don't lie. People do. Trade accordingly.