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BitMEX, the exchange that essentially invented modern crypto derivatives, is shutting its doors on September twenty-third. Co-founded by Arthur Hayes back in two thousand fourteen, BitMEX introduced the hundred-times leverage perpetual swap and reshaped how the world trades digital assets. Users are being urged to close positions and withdraw funds before the platform goes dark for good.
Staying in finance but shifting to something older and slower, BNY Mellon is taking aim at one of Wall Street's most persistent inefficiencies — the weekend. The bank plans to begin testing tokenized U.S. Treasuries on a private blockchain by year-end, with the goal of extending settlement coverage into international trading hours and eliminating the lag that still freezes capital every Friday night.
And on the question of ambition meeting reality, the UK government's push to become an AI superpower is drawing scrutiny over what the plan leaves out — specifically, water. Data centers consume enormous amounts of it, and with parts of southern and eastern England already edging toward drought conditions, lawmakers are warning that the infrastructure behind Britain's AI future could end up competing directly with homes and farms for a basic resource.
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