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cryptoJul 24, 2026, 5:02 PM

Crypto Updates: BitMEX Theft Claim, Poolin Bankruptcy, ETH/BTC Cycle Low

BitMEX faces investor theft accusations, mining pool Poolin files for bankruptcy, and Ethereum nears a cycle bottom against Bitcoin, according to CryptoQuant.

BTCUSDETHUSD

Recent developments in the crypto space:

  • Investors have accused derivatives exchange BitMEX of stealing bitcoin, raising legal concerns.
  • Mining pool Poolin has filed for bankruptcy, highlighting ongoing challenges in the mining sector.
  • According to CryptoQuant, the ETH/BTC ratio is approaching a cycle low, signaling potential undervaluation of Ethereum relative to Bitcoin.
  • A Brazilian farm secured a loan using tokenized cows as collateral, demonstrating real-world asset (RWA) financing.
  • Publicly traded companies are increasingly moving away from bitcoin accumulation strategies.
  • RWA trading accounted for more than half the weekly volume on the Hyperliquid platform for the first time.

Source: ForkLog