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Coins, wallets and the slow move of money onto the internet, explained in plain language and read with a skeptical eye.

Crypto is having its dot-com moment: over 100 projects have folded in 2026, and BitMEX is dying
Crypto

Crypto is having its dot-com moment: over 100 projects have folded in 2026, and BitMEX is dying

More than 100 crypto projects have shut down, gone bankrupt or gone dark this year, and in one late-July week four big names fell at once, capped by BitMEX, the exchange that invented the contract most of crypto trades on, announcing it will close. This is not simply a price crash. It is a shakeout that is clearing out the speculative wave and leaving the projects that earn real money. Here is what is happening and who is surviving.