THE BITCOIN PIZZA DAY QUEST 🛑🍕
We’re honoring crypto's favorite holiday by putting $22,500 in BTC on the counter. Here is your quick brief to get paid:
🔹 The Concept: Collect all 4 ingredients by finishing specific tasks to "Bake a Pizza."
🔹 The Ingredient Quest:
Sausage: Deposit $225+ and hold it for 3 days.
Mushrooms: Trade $22,500+ on any BTC derivatives pairs.
Cheese: Reach $22,500+ in volume on our TradFi campaign contracts.
Pineapple: Get 1 friend to sign up and make a trade within 2 weeks.
🔹 The Reward: Complete the whole pie to receive a $22.50 slice of BTC directly in your account 🚀
🔹 The Catch: This offer is valid for the first 1,000 users who finish the checklist.
Don't let your slice get cold. Start tracking your ingredients right now.
We’re honoring crypto's favorite holiday by putting $22,500 in BTC on the counter. Here is your quick brief to get paid:
🔹 The Concept: Collect all 4 ingredients by finishing specific tasks to "Bake a Pizza."
🔹 The Ingredient Quest:
Sausage: Deposit $225+ and hold it for 3 days.
Mushrooms: Trade $22,500+ on any BTC derivatives pairs.
Cheese: Reach $22,500+ in volume on our TradFi campaign contracts.
Pineapple: Get 1 friend to sign up and make a trade within 2 weeks.
🔹 The Reward: Complete the whole pie to receive a $22.50 slice of BTC directly in your account 🚀
🔹 The Catch: This offer is valid for the first 1,000 users who finish the checklist.
Don't let your slice get cold. Start tracking your ingredients right now.
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THE ASCHENBRENNER 13F REGIME 🛑⚡
🔹 The Big Short: Situational Awareness LP is holding $8.46 Billion in puts against chipmakers (NVDA, AMD, AVGO, TSM). The fund is fading peak hardware multiples.
🔹 The Asset Swap: Instead of buying silicon, the fund is longing Crypto Miners ($IREN, $CORZ, $APLD, $RIOT). Aschenbrenner views miners as deeply mispriced real estate and power infrastructure monopolies.
🔹 The Arbitrage Engine: Building an AI data center from scratch takes up to 5 years. Converting a crypto mining facility costs 60–70% less and cuts deployment timelines down to 12–18 months.
🔹 The Transmission to Crypto: Higher miner equity > robust corporate cash cushions > zero necessity to liquidate mined Bitcoin to pay bills. This structural reduction in spot selling pressure drives crypto perp funding positive.
The Bottom Line: Watch the performance of CLSK and RIOT relative to the S&P 500. Their outperformance is a leading 24–48 hour indicator for positive crypto perp funding dynamics.
🔹 The Big Short: Situational Awareness LP is holding $8.46 Billion in puts against chipmakers (NVDA, AMD, AVGO, TSM). The fund is fading peak hardware multiples.
🔹 The Asset Swap: Instead of buying silicon, the fund is longing Crypto Miners ($IREN, $CORZ, $APLD, $RIOT). Aschenbrenner views miners as deeply mispriced real estate and power infrastructure monopolies.
🔹 The Arbitrage Engine: Building an AI data center from scratch takes up to 5 years. Converting a crypto mining facility costs 60–70% less and cuts deployment timelines down to 12–18 months.
🔹 The Transmission to Crypto: Higher miner equity > robust corporate cash cushions > zero necessity to liquidate mined Bitcoin to pay bills. This structural reduction in spot selling pressure drives crypto perp funding positive.
The Bottom Line: Watch the performance of CLSK and RIOT relative to the S&P 500. Their outperformance is a leading 24–48 hour indicator for positive crypto perp funding dynamics.
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🎉 New futures listing 🎉
As of 26 May at 04:00 UTC, our new monthly Bitcoin futures contract - XBTN26 - is now LIVE with up to 100x leverage.
As of 26 May at 04:00 UTC, our new monthly Bitcoin futures contract - XBTN26 - is now LIVE with up to 100x leverage.
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THE SPACEX IPO STRATEGY 🛑⚡
The aerospace terminal is completely resetting. Here’s your macro trading brief before the June 12 listing:
🔹 The Massive Deficit: SpaceX posted a $4.28B GAAP net loss in Q1 2026 alone. The parent company is heavily subsidising Elon's AI goals, burning $2.5B per quarter on high-density GPU data centers
🔹 The Retail Playbook: Underwriters are allocating 30% of the float to retail buyers (3x the normal institutional ratio). This structural choice is explicitly designed to spark an aggressive day-one price pop
🔹 The Proxy Expression: S-1 updates and listing milestones have a historical track record of draining capital away from Tesla equity (-4.2% average return on IPO news). Traders can short or long this trend 24/7/365 via TradFi Perps on BitMEX with up to 20x leverage
The Bottom Line: Watch out for pre-IPO pricing traps on secondary desks; ensure your metrics account for the 5-for-1 stock split executed on May 4. Mark December 2026 for the ultimate lockup supply shock.
The aerospace terminal is completely resetting. Here’s your macro trading brief before the June 12 listing:
🔹 The Massive Deficit: SpaceX posted a $4.28B GAAP net loss in Q1 2026 alone. The parent company is heavily subsidising Elon's AI goals, burning $2.5B per quarter on high-density GPU data centers
🔹 The Retail Playbook: Underwriters are allocating 30% of the float to retail buyers (3x the normal institutional ratio). This structural choice is explicitly designed to spark an aggressive day-one price pop
🔹 The Proxy Expression: S-1 updates and listing milestones have a historical track record of draining capital away from Tesla equity (-4.2% average return on IPO news). Traders can short or long this trend 24/7/365 via TradFi Perps on BitMEX with up to 20x leverage
The Bottom Line: Watch out for pre-IPO pricing traps on secondary desks; ensure your metrics account for the 5-for-1 stock split executed on May 4. Mark December 2026 for the ultimate lockup supply shock.
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THE DXY TRADING FILTER 🛑⚡
Sovereign currency momentum dictates crypto volatility. Here’s what you should know:
🔹 The Metric: The DXY Index measures the USD against a basket of six fiat currencies (dominated by the Euro at 57.6%). Its inverse correlation to BTC is an aggressive -0.72.
🔹 The Baseline Relationship: When the dollar strengthens, global liquidity drains, forcing funding rates lower. When DXY pulls back, risk appetite returns, pumping perp premiums positive.
🔹 The Real Signals: Don't watch the DXY in a vacuum. Filter your trades using 10Y TIPS (Real Yields), USD/JPY trends, and credit spreads to separate a true risk-off shock from a brief dollar shortage.
🔹 The Practical Play: Want to short a DXY breakout or go long a dollar breakdown? Trade EURUSD or AUDUSD FX Perps on BitMEX using your crypto as collateral.
The Bottom Line: If DXY is trending up, the macro environment is an active headwind for BTC. Position accordingly. 🛡️⚖️
Sovereign currency momentum dictates crypto volatility. Here’s what you should know:
🔹 The Metric: The DXY Index measures the USD against a basket of six fiat currencies (dominated by the Euro at 57.6%). Its inverse correlation to BTC is an aggressive -0.72.
🔹 The Baseline Relationship: When the dollar strengthens, global liquidity drains, forcing funding rates lower. When DXY pulls back, risk appetite returns, pumping perp premiums positive.
🔹 The Real Signals: Don't watch the DXY in a vacuum. Filter your trades using 10Y TIPS (Real Yields), USD/JPY trends, and credit spreads to separate a true risk-off shock from a brief dollar shortage.
🔹 The Practical Play: Want to short a DXY breakout or go long a dollar breakdown? Trade EURUSD or AUDUSD FX Perps on BitMEX using your crypto as collateral.
The Bottom Line: If DXY is trending up, the macro environment is an active headwind for BTC. Position accordingly. 🛡️⚖️
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Reminder: Upcoming Delisting of Illiquid Contracts
On 28 May 2026 at 12:00 UTC, BitMEX will delist 8 derivatives contracts.
The contracts will be settled early at 12:00 UTC on 28 May 2026 (“Tsettle”) according to the standard practice described in our Exchange Guide.
We’ve decided to delist these contracts due to insufficient trading interest.
On 28 May 2026 at 12:00 UTC, BitMEX will delist 8 derivatives contracts.
The contracts will be settled early at 12:00 UTC on 28 May 2026 (“Tsettle”) according to the standard practice described in our Exchange Guide.
We’ve decided to delist these contracts due to insufficient trading interest.
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WLD Monetisation VS Macro Reality 🛑
World ($WLD) is back in the spotlight after climbing to ~$0.35, breaking above its recent $0.27 OTC insider floor.
Can the new World ID 4.0 enterprise framework justify its $3.5B fully diluted valuation (FDV)?
🔹 The Enterprise Pivot: At its recent Lift Off event, World shifted toward direct fee generation, integrating with Tinder, Zoom, and DocuSign to act as a human verification layer against AI deepfakes.
🔹 The Valuation Gap: Our bottom-up fee model projects $28.2M in annual gross fees under optimal partner adoption. This places WLD at a steep multiple.
🔹 The Overhang: The circulating market cap sits at $1.2B, but the market must still absorb 6.6 billion tokens scheduled for future unlocks and emissions.
The Verdict: Unlike NEAR, which delivers visible, compounding on-chain fees today, WLD trades strictly on future projections.
World ($WLD) is back in the spotlight after climbing to ~$0.35, breaking above its recent $0.27 OTC insider floor.
Can the new World ID 4.0 enterprise framework justify its $3.5B fully diluted valuation (FDV)?
🔹 The Enterprise Pivot: At its recent Lift Off event, World shifted toward direct fee generation, integrating with Tinder, Zoom, and DocuSign to act as a human verification layer against AI deepfakes.
🔹 The Valuation Gap: Our bottom-up fee model projects $28.2M in annual gross fees under optimal partner adoption. This places WLD at a steep multiple.
🔹 The Overhang: The circulating market cap sits at $1.2B, but the market must still absorb 6.6 billion tokens scheduled for future unlocks and emissions.
The Verdict: Unlike NEAR, which delivers visible, compounding on-chain fees today, WLD trades strictly on future projections.
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8 Contracts Delisted
Today, as of 28 May 2026 we have delisted 8 derivative contracts. You can find the full list of contracts here.
All positions in the affected contracts have now been closed out.
You can view the Settlement History details on our website.
The delisting process is explained in our Exchange Guide and our blog.
For any questions regarding this announcement, please contact Support.
Today, as of 28 May 2026 we have delisted 8 derivative contracts. You can find the full list of contracts here.
All positions in the affected contracts have now been closed out.
You can view the Settlement History details on our website.
The delisting process is explained in our Exchange Guide and our blog.
For any questions regarding this announcement, please contact Support.
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Kicking off June with a look back at the last week of May on BitMEX 🔙
We're feeling bullish heading into the new month - let us know if you're team 🐂 or 🐻!
We're feeling bullish heading into the new month - let us know if you're team 🐂 or 🐻!
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HaasOnline Volume Rebates 🛑⚡
We’re outsourcing the manual grunt work to the algorithms this summer. Here’s how to claim your free bots and trading rebates:
📅 1 June - 30 August
🔹 Free Tech: Use promo code BITMEX5 on HaasOnline to score 10 free bots (5 Spot + 5 Futures) active for a full 6 months with zero subscription fees.
🔹 Rebates: Earn a 0.25 bps (0.0025%) cash rebate on all derivatives volume cleared during the campaign.
🔹 Scalable Payouts: Rebates pay out across flexible volume milestones, capping out at a massive $25,000 reward once you hit the $1bn volume threshold.
🔹 Supported Strategies: Deploy pre-built logic for Grid trading, DCA scaling, Scalping, and simultaneous long/short risk management via Hedge Mode.
Seamless API connection, non-custodial security, and absolute fee minimisation. Link your account and automate your edge.
We’re outsourcing the manual grunt work to the algorithms this summer. Here’s how to claim your free bots and trading rebates:
📅 1 June - 30 August
🔹 Free Tech: Use promo code BITMEX5 on HaasOnline to score 10 free bots (5 Spot + 5 Futures) active for a full 6 months with zero subscription fees.
🔹 Rebates: Earn a 0.25 bps (0.0025%) cash rebate on all derivatives volume cleared during the campaign.
🔹 Scalable Payouts: Rebates pay out across flexible volume milestones, capping out at a massive $25,000 reward once you hit the $1bn volume threshold.
🔹 Supported Strategies: Deploy pre-built logic for Grid trading, DCA scaling, Scalping, and simultaneous long/short risk management via Hedge Mode.
Seamless API connection, non-custodial security, and absolute fee minimisation. Link your account and automate your edge.
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Trading The Korean AI Boom 🛑⚡
The South Korean KOSPI has tripled in 18 months, driven by the explosive AI memory supercycle.
If you want direct exposure to the world's High Bandwidth Memory (HBM) duopoly, the iShares MSCI South Korea ETF ($EWY) is the ultimate vehicle.
Here’s what you need to know:
🔹 EWY isn't a diversified country basket. SK Hynix (30.58%) and Samsung (24.04%) make up over 54% of the fund.
🔹 EWY is up over 109% YTD in 2026 and +240% over the past year.
🔹 Goldman Sachs raised its KOSPI target to 9,000, forecasting a 300% surge in corporate earnings driven by Nvidia's endless appetite for HBM chips.
The Trade: Traditional markets lock you out overnight. Trade EWYUSDT Equity Perps 24/7 on BitMEX with up to 20x leverage using crypto collateral.
The South Korean KOSPI has tripled in 18 months, driven by the explosive AI memory supercycle.
If you want direct exposure to the world's High Bandwidth Memory (HBM) duopoly, the iShares MSCI South Korea ETF ($EWY) is the ultimate vehicle.
Here’s what you need to know:
🔹 EWY isn't a diversified country basket. SK Hynix (30.58%) and Samsung (24.04%) make up over 54% of the fund.
🔹 EWY is up over 109% YTD in 2026 and +240% over the past year.
🔹 Goldman Sachs raised its KOSPI target to 9,000, forecasting a 300% surge in corporate earnings driven by Nvidia's endless appetite for HBM chips.
The Trade: Traditional markets lock you out overnight. Trade EWYUSDT Equity Perps 24/7 on BitMEX with up to 20x leverage using crypto collateral.
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Buy and Sell Crypto on BitMEX with Banxa 🔁
A new way to on and off ramp fiat is now live on BitMEX, powered by Banxa.
Buy Crypto: Purchase BTC, ETH, SOL, USDT, USDC, XRP, DOGE, LTC, BNB, and 30+ cryptos with credit card, bank transfer, PayPal, and more.
Sell Crypto: Convert BTC, ETH, SOL, USDT, USDC, XRP, DOGE, LTC, and more back to 300+ fiat currencies. Receive your payout via Faster Payments, SEPA, and more.
➕ Special Rewards for Users:
1️⃣ 0% fees for all crypto purchases made with Banxa via card, Apple Pay, or Google Pay for one month
2️⃣ Up to $110 in rewards on crypto purchases made on BitMEX
A new way to on and off ramp fiat is now live on BitMEX, powered by Banxa.
Buy Crypto: Purchase BTC, ETH, SOL, USDT, USDC, XRP, DOGE, LTC, BNB, and 30+ cryptos with credit card, bank transfer, PayPal, and more.
Sell Crypto: Convert BTC, ETH, SOL, USDT, USDC, XRP, DOGE, LTC, and more back to 300+ fiat currencies. Receive your payout via Faster Payments, SEPA, and more.
➕ Special Rewards for Users:
1️⃣ 0% fees for all crypto purchases made with Banxa via card, Apple Pay, or Google Pay for one month
2️⃣ Up to $110 in rewards on crypto purchases made on BitMEX
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The Crypto Twitter Summer Showdown: Arthur Hayes vs. Kyle Samani ⚔️
Arthur Hayes is about to take Kyle Samani for $100,000, and the underlying macro data shows it won't even be close.
The duo just locked in a massive performance bet that $HYPE will completely clear-cut outperform $SOL by the end of 2026.
Samani is stuck defending a legacy infrastructure giant Solana that dilutes token holders with 5% annual inflation while letting its app fees leak straight to validators.
On the other hand, Arthur backs Hyperliquid, a hyper-efficient financial stack printing $1.25bn in annualised revenue—with 97% of those fees actively buying HYPE off the open market to compress a hard fixed supply.
With Solana's memecoin engine stalling out by 85% and Hyperliquid commanding a dominant 73% perp market share while eating into CME's traditional commodities pie, the old L1 narrative is dead.
Read our full 10 reason breakdown to see why we back Arthur Hayes’ stance.
Arthur Hayes is about to take Kyle Samani for $100,000, and the underlying macro data shows it won't even be close.
The duo just locked in a massive performance bet that $HYPE will completely clear-cut outperform $SOL by the end of 2026.
Samani is stuck defending a legacy infrastructure giant Solana that dilutes token holders with 5% annual inflation while letting its app fees leak straight to validators.
On the other hand, Arthur backs Hyperliquid, a hyper-efficient financial stack printing $1.25bn in annualised revenue—with 97% of those fees actively buying HYPE off the open market to compress a hard fixed supply.
With Solana's memecoin engine stalling out by 85% and Hyperliquid commanding a dominant 73% perp market share while eating into CME's traditional commodities pie, the old L1 narrative is dead.
Read our full 10 reason breakdown to see why we back Arthur Hayes’ stance.
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