Crypto and AI roundup for July 24: BitMEX shutdown, Vanar’s Base move and a wave of institutional updates
A heavy stream of crypto and AI developments landed between July 23 and July 24, led by BitMEX’s decision to shut down on Sept. 23 and the collapse in its exchange token BMEX, which market data showed fell 99.69% at one point as liquidity tightened. Arthur Hayes later said he was deeply proud of what had been built, while Bubblemaps said 75% of BMEX allocations had never circulated on-chain. Vanar also unveiled a major strategic reset, saying it will move to Base, focus on an AI Organizations economy, migrate existing VANRY holders on a 1:1 basis and lift total supply from 2.4 billion to 10 billion tokens, with 62% still locked during the transition and new allocations vesting over 60 months after a cliff period. Institutional tokenization also moved forward. Mubadala Capital said it is working with Coinbase and KAIO on a blockchain-native version of its long-term private equity fund for qualified investors, with Coinbase set to use Base as one of the token networks and to purchase the token for its own balance sheet. Michael Saylor separately announced the launch of the Bitcoin Security Consortium, backed by a three-year $15 million commitment and founding members including Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy. Elsewhere, Ondo Finance said Oasis Pro Markets had received authorization to offer regulated tokenized securities services in the U.S., Uniswap introduced permissioned pools on v4, and a long list of market, policy, security and AI infrastructure updates continued to reshape the day’s flow.








