Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License

Last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed.Source

Binance Spun Off Venture Capital Arm Earlier This Year

Binance Labs now has a disclaimer on its website describing it as “an independent venture and not part of the Binance Group.”Source

Gold Investors Aren’t Switching Into Bitcoin, JPMorgan Says

Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.Source

Bitcoin Layer-2 Project BVM Gains Traction With Promise of ‘Juicy’ Airdrops

The platform lets users start their own networks on Bitcoin and is offering developers millions of dollars as grant rewards.Source

Mike Novogratz’s Galaxy Digital Should Be a ‘Core Holding’ for Digital Asset Investors, Stifel Canada Says

There are a number of key catalysts for the company, and these include ETF net inflows, the development of GalaxyOne and a potential Nasdaq listing, the report said.Source

Democrats Ask SEC’s Gensler to Block Approval of More Crypto ETPs

Senators say that retail investors face “enormous risks” from such products because thin order books for some cryptocurrencies.Source

Avalanche Foundation Snaps Up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment

The Foundation first said in December it would invest in meme coin as part of a digital culture drive.Source

Bitcoin’s Correlation to Nvidia Strongest in Over a Year

The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.Source

Bitcoin Tumbles to $67K as Asia Begins Trading Day

Bitcoin’s price has begun a recovery, trading above $68,5K as the day continues.Source

El Salvador Has Thousands More Bitcoins Than Previously Known

The Central American nation moved $400 million in BTC into a cold storage wallet this week.Source