BitMEX Is Shutting Down and Facing a Theft Lawsuit | CoinDesk Daily

— BitMEX shutting down September 23rd after 11 years of operation; faced a proposed class-action suit on the same day alleging $622 million in theft and insider trading through forced liquidations

— Senate Majority Leader John Thune signals the Clarity Act will likely miss its August 7th deadline, though aims to begin floor debate before summer recess; White House crypto advisor Patrick Witt expressed cautious optimism about first-week-of-August passage

— Ripple launching Ripple Mint, a platform enabling institutions to create, redeem, and track RLUSD (dollar-backed stablecoin) automatically

— Ripple takes strategic stake in compliance network Notabene to expand RLUSD adoption through institutional payment rails

— RLUSD shows mixed signals: holder count climbing but monthly transfer volume declined 25% (from $14.6B to $11B); current market cap approximately $1.5B

— Track the Clarity Act's progress closely; regulatory clarity on digital assets remains uncertain, with passage likely delayed past August despite White House optimism

— Monitor BitMEX's shutdown timeline and any developments in the theft and insider trading class-action suit, which may have implications for exchange security standards and user protections across the industry

— RLUSD's declining transfer volume despite growing holder count suggests institutional adoption efforts need acceleration; watch Ripple Mint adoption metrics as a key indicator of whether infrastructure improvements drive meaningful volume recovery