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BitMart announces an orderly cessation of operations, closing all trading services starting August 26

According to the official announcement, BitMart has announced that after assessing its operational status, market environment, and future strategic direction, the platform has decided to orderly cease trading operations. Starting from July 26 at 01:30 (UTC), BitMart will gradually stop new user registrations and cryptocurrency, fiat currency deposits. The contract accounts will enter a mode of only reducing positions, spot trading will stop accepting new orders, and automated services such as copy trading, grid trading, and API trading will also gradually shut down.Starting from August 26 at 01:00 (UTC), BitMart will stop all spot, contract, and other trading services. Any contract positions that have not been closed by then may be processed according to the marked price, index price, or applicable settlement rules. Financial management, staking, lending, and Launchpad products will be terminated in phases, with specific redemption and settlement arrangements to be notified separately.The platform plans to officially cease trading platform operations on January 31, 2027, at 15:59 (UTC). After the shutdown, users will still be able to log into their accounts, view their history, and submit withdrawal requests within a specified period. BitMart advises users to complete identity verification and close all positions before August 26 at 01:00, and to submit withdrawal requests before 05:00 on the same day.Withdrawal services are still available, but some requests may be subject to manual review due to KYC, device and account security, source of funds, withdrawal address, Travel Rule, sanctions screening, and other requirements. BitMart reminds users to download and save their account balances, deposit and withdrawal records, and transaction history in advance, while also being vigilant against scams impersonating platform personnel who charge "expedited fees," "unfreezing fees," or request passwords, verification codes, private keys, and mnemonic phrases.

first_img Analysis: After the halving, operational efficiency is no longer sufficient to determine the survival of mining companies, and Bitcoin collateral is replacing direct selling

A report jointly released by the Bitcoin collateral lending platform CoinRabbit and the computing power platform GoMining points out that managing Bitcoin is more important than mining it. As the block reward drops to 3.125 BTC and the overall network difficulty approaches historical highs, low electricity prices and high uptime only constitute a survival baseline. What truly differentiates mining companies is the method of handling Bitcoin after it is mined.The report suggests that mining companies are shifting from direct sales to collateralized lending to cover recurring expenses such as electricity, custody, and labor. This approach retains exposure to holding Bitcoin while generating cash flow, avoids taxable sales, and preserves the deduction space for operating expenses. The trade-off is that mining companies simultaneously bear the dual risks of price and liquidation when Bitcoin prices decline.Jeremy Dreier, Chief Business Development Officer of GoMining, stated that the miners who can succeed after the halving are those who operate efficiently and have set aside cash in advance for this purpose. The current decline in Bitcoin prices has actually lowered the cost of increasing computing power, creating a window of opportunity for investing in expanding mining machines.

CertiK: The losses from wrench attacks have surged nearly 12 times, making operational security the new core of prevention

Web3 security company CertiK released the "2026 First Half Wrench Attack Report." The report shows that in the first half of 2026, a total of 52 publicly verified wrench attack incidents were recorded globally, an increase of 33.3% year-on-year; related losses amounted to approximately $124 million, an increase of about 11.8 times compared to the same period last year.The report points out that attackers are shifting from exploiting technical vulnerabilities to targeting asset holders and their real-world relationship networks, with home invasion incidents rising from 1 in the first half of 2025 to 20, accounting for 41% of the total incidents during the same period. Europe has become a high-frequency attack region, with 33 incidents occurring in France, accounting for 63.5% of global cases.CertiK states that as real-world risks become a significant challenge for digital asset security, businesses and high-value individuals need to establish a more comprehensive protection system. CertiK has launched operational security services to help identify risks related to the exposure of information such as identity, home, residence, and travel trajectory; at the same time, through CertiK Security Workspace, it correlates off-chain intelligence, on-chain transactions, and AML risk signals to support institutions in tracking and analyzing cybercrime activities.In addition, CertiK is strengthening cooperation with international law enforcement agencies such as Interpol and Europol to provide technical support for cross-border attack investigations and security policy research.

The daily trading volume of South Korea's five major cryptocurrency exchanges has plummeted by 88% in a year, forcing Korbit to sell assets to maintain operations

According to the Korea JoongAng Daily, the daily trading volume of South Korea's five major won virtual asset exchanges totals approximately 412.7 billion won, a decrease of 88% compared to a year ago. The total market value of global virtual assets has also shrunk by 41% to $2.322 trillion. The country's leading cryptocurrency firm Dunamu reported a year-on-year decline in revenue and operating profit of 55% and 78%, respectively, in the first quarter.Small and medium-sized exchanges are in an even more difficult situation, with Coinone, Korbit, and Gopax, which recorded operating losses last year, expected to continue losing money this year. Korbit has sold its holdings three times this year, selling 15 bitcoins and 60 ethers within ten days this month, generating approximately 1.6 billion won in cash. A director from Tiger Research stated that the current situation can be seen as a "second crypto winter," with the total market value of cryptocurrencies significantly shrinking and new projects almost nonexistent.Despite the market downturn, institutions are accelerating their adoption of blockchain, focusing on tokenized assets and stablecoins. Major brokerages like Future Asset have recently acquired shares in exchanges, and the government has repeatedly expressed its determination to advance the legislation of the "Digital Asset Basic Law," reflecting a continued optimism about medium- to long-term growth potential.
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