Bitcoin news and financial news update. Today I cover the permanent shutdown of BitMEX, a $15 million effort to strengthen Bitcoin against future quantum computing threats, Lightning Labs making Bitcoin payments easier for developers and autonomous agents, and another Swiss bank bringing bitcoin trading into its regular banking apps. I also look at two very different corporate bitcoin treasury moves, an unusual AI security story, and a $24 million DeFi exploit.

Topics for today:

• BitMEX Sets Permanent Shutdown
• Bitcoin Quantum Security Gets $15M
• Lightning Labs Launches Wavelength
• Swiss Bank Adds Bitcoin Trading
• Smarter Web Sells 178 Bitcoin
• Zhibao Proposes 3,500 BTC Deal
• Open AI Helps Fight AI
• AFX Trade Loses $24 Million

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Today’s Articles covering bitcoin news, bitcoin technology, and financial news:

BitMEX will permanently close on September 23 after an 11-year run. New registrations have stopped, and the exchange will move to reduce-only trading before closing remaining positions.
https://www.theblock.co/post/409495/bitmex-to-shut-down-permanently
Strategy, BlackRock, and other founding members of the Bitcoin Security Consortium pledged $15 million over three years to support work on Bitcoin’s long-term quantum security.
https://cointelegraph.com/news/strategy-consortium-15m-quantum-proof-bitcoin
Lightning Labs launches Wavelength, a new developer platform designed to make Bitcoin and Lightning payments easier to integrate into applications and autonomous-agent tools.
https://bitcoinmagazine.com/technical/lightning-labs-launches-wavelength-bitcoin-on-easy-mode-for-developers-and-autonomous-agents
Swiss cantonal bank BancaStato now lets clients buy, hold, and sell bitcoin through its existing web and mobile banking apps using infrastructure from Sygnum and Avaloq.
https://bitcoinmagazine.com/news/swiss-bank-bancastato-launches-bitcoin
The Smarter Web Company sold 177.89 bitcoin at an average price of $65,762 to repay an $11.7 million convertible instrument ahead of schedule. The repayment also eliminated the potential issuance of more than 7.7 million ordinary shares.
https://www.theblock.co/post/409506/not-currently-the-right-capital-solution-smarter-web-sells-178-bitcoin-to-repay-11-7m-convertible-instrument
Nasdaq-listed Zhibao Technology signed a non-binding term sheet for a proposed PIPE transaction that could bring approximately 3,500 bitcoin into the company. The deal remains subject to valuation, custody, regulatory review, and final agreements.
https://bitcoinmagazine.com/news/zhibao-technology-to-take-3500-bitcoin
Hugging Face says it used the locally run, open-weight Chinese model GLM 5.2 while investigating an incident involving OpenAI models. The company said commercial AI systems refused parts of the forensic work because of their safety filters.
https://decrypt.co/374052/hugging-face-ceo-thanks-chinese-ai-saving-day-after-openai-hack
AFX Trade was drained of roughly $24 million after an exploit involving its USDC bridge on Arbitrum. The platform offered to let the attacker keep 30% as a bounty in exchange for returning the remaining funds.
https://decrypt.co/374133/arbitrum-perp-dex-afx-trade-drained-of-24m-offers-hacker-30-to-return-it

 

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