Odaily Planet Daily reports that Bitcoin News, in an article published on the X platform, stated that the mandatory signaling for BIP-110 will begin around August 8th. The differences between the old chain and the BIP-110 chain can be tracked via the dashboard below.

In the past hour, total liquidations across the network reached $10.19 million, with $6.75 million from long positions, with $3.44 million from short positions. BTC liquidation $1.14 million, ETH liquidation $4.79 million.

Odaily Planet Daily reports that Nasdaq-listed digital insurance products company Zhibao Technology announced it has signed a non-binding term sheet with Joyertech and Information OPC to sell its shares through a PIPE (Public-Private Partnership) financing round, receiving approximately 3,500 bitcoins as consideration, equivalent to about $220 million at current prices. The transaction is still subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the signing of a final agreement. The term sheet indicates that the buyer expects to appoint a majority of Zhibao's board members upon closing of the PIPE financing, and the existing management team will continue to be responsible for day-to-day operations. Zhibao disclosed on July 15 that it received a defect notice from Nasdaq due to its share price falling below $1 per share. The company has 180 calendar days to restore compliance with Nasdaq's minimum purchase price requirement of $1 per share, with a deadline of January 6, 2027.

According to Odaily Planet Daily, OKX market data shows that BTC has broken through 65,000 USDT and is currently trading at 65,005.6 USDT, with the 24-hour decline narrowing to 1.26%.

Odaily Planet Daily reports that cryptocurrency derivatives exchange BitMEX has announced its closure, with trading scheduled to end on September 23. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX's decision was made after a strategic review by its parent company, HDR Global Trading. BitMEX was instrumental in promoting perpetual contracts as a key product in digital asset derivatives trading. CryptoQuant data shows that its daily Bitcoin futures trading volume has been declining since around May 2021, failing to recover to the peak daily range of $1 billion to $5 billion seen in 2020. Restructuring advisor Roshan Dharia stated that mid-sized centralized exchanges face structural pressures, with liquidity continuing to concentrate on larger platforms and compliance costs rising. He noted that the top five platforms currently control an estimated 80% of global spot trading volume, while mid-sized and regional exchanges are experiencing narrowing profit margins and lack a path to scaling. CoinGecko data shows that BitMEX ranked ninth among derivatives exchanges in August 2023, with a trading volume share of 0.9%. By 2025, it was no longer among the top ten perpetual contract exchanges, while the annual perpetual contract trading volume of these platforms increased by 47.4% to $86.2 trillion during the same period.