1. BitMEX officially shut down today
At 12:00 noon Beijing time today, BitMEX officially stopped all trading services, and the remaining positions were closed by the system. Users can still log in and withdraw funds afterwards.
This longtime exchange was founded in 2014 and brought perpetual contracts and 100x leverage into the mainstream crypto spotlight. After 11 years, it has officially ended its trading business. (BitMEX Support)
Back then, it taught the whole crypto industry how to trade perps.
Right now, the entire crypto market is trading perps.
The teacher retired, and the students opened a few hundred casinos.
2. BTC didn’t keep going crazy today—it’s been hovering around $86,000–$87,000
BTC is currently trading in a range around $86,000 today, while ETH is around $2,750. After the squeeze on shorts a few days ago, the market has clearly moved into a consolidation phase at higher levels today. (KuCoin)
So the classic plot appears again:
81K:
“Bear market is here.”
87K:
“The bull market just started.”
A flat day for 86K:
“Why won’t it move—did something happen?”
Humans’ current patience for financial assets:
About 17 minutes.
3. AI is lifting Asian stock markets again—it’s already set up for a sixth straight day of gains
Today, Asian stock markets once moved toward a sixth straight day of gains, and the main driving force was still AI.
Meta’s AI product hype keeps simmering; the chip and tech sectors stay strong. Last night, Nasdaq also set a new closing record.
In 2026, the stock-market research framework is getting simpler and simpler:
Companies do AI:
Rise.
Selling chips to AI:
Rise.
Power companies that supply chip-makers:
Let’s research it—maybe it’ll rise.
If this keeps going, power plants will start writing Prompts.
4. Oil slips for the sixth consecutive day; Brent is back around $98
Today, Brent fell at one point by about 1.1% to 98.16
The dollar; WTI falls to around $89.
There are two main reasons:
Saudi Arabia is restoring supply for important export oil pipelines; meanwhile, the market continues to watch whether U.S.-Iran diplomatic contact can ease supply risks. (MarketScreener Canada)
5. Meta has gone wild with AI lately
Less than two weeks since the new AI assistant Muse launched, downloads are already close to 2.8 million, and Meta’s market cap has risen by about $200 billion.
It can help you send emails, book tickets, and carry out tasks.
Then a particularly cyberpunk detail was revealed today:
For some “AI auto-complete” tasks, there may really be people working in the background to help it get things done.
2026:
Humans invent AI, AI replaces humans,
Then humans secretly work in the background for the AI.
Close the loop.
Today’s recap:
BitMEX: off to work
BTC: catch your breath
AI: keeps propping up the stock market
Meta: a violent surge
Humans: still haven’t learned any lessons