BitMEX will close its crypto derivatives exchange in September and has urged users to withdraw funds as soon as possible. The shutdown follows a strategic review and comes after years of regulatory penalties and legal actions against the company and its founders.
The statement affirmed the platform had "always remained grounded to the true ethos of Bitcoin."
In its statement, BitMEX underscored its longstanding commitment to "neutrality, transparency, and decentralisation" through peer-to-peer operations and an emphasis on safeguarding client funds.
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Flapping Airplanes announced a $1 billion Series A on October 21, co-led by Index Ventures and Lux Capital, at what Bloomberg reported was a $6 billion valuation. According to Bloomberg and press reports, that is about four times its January seed valuation. Nvidia is among its investors.
Tractian announced a $130 million Series D led by Sapphire Ventures and co-led by M&G's Catalyst, valuing the Physical AI company at $1.4 billion. The funding will scale its sensor-based platform for monitoring the health of industrial machinery across manufacturing, data centers, utilities and defense.
American Express is eliminating about 5% of its global workforce, about 3,500 jobs according to Reuters, and took a $336 million restructuring charge in the third quarter. CFO Christophe Le Caillec told CNBC the restructuring was meant to make the company "leaner, more agile, and also to prepare for AI." Amex also raised its 2026 profit forecast.
The Dow fell 1.23% on Friday as oil prices jumped, with Brent crude settling at $116.72 a barrel, its highest since April 29. The S&P 500 lost 0.52% and the Nasdaq slipped 0.21% as chip stocks steadied after Thursday's selloff, while the S&P 500 energy sector hit a record high.
The Nasdaq fell 2.6% and the S&P 500 lost 1.2% on Thursday as fresh worries about AI spending hit chipmakers, with the Philadelphia semiconductor index down 6.7%. The Dow ended flat, Treasury yields fell sharply and Brent crude settled at its highest level since May.
