BitMEX CEO Alexander Höptner steps down as CEO of the crypto exchange with immediate effect, replaced by CFO Stephan Lutz; Höptner joined BitMEX in 2021 (Kari McMahon/The Block)

Kari McMahon / The Block:
London-based Archax, the UK’s only digital asset exchange licensed by the Financial Conduct Authority, raised a $28.5M Series A led by investment firm abrdn  —  Archax, the UK’s only digital asset exchange to be licensed by the Financial Conduct Authority, has raised $28.5 million in a Series A fundraising round.

Kari McMahon / The Block:
A profile of FTX co-founder and CTO Gary Wang, who sources say doesn’t talk much, is hard to contact, and was one of the few with “root access” to the code base  —  – FTX’s billionaire co-founder Gary Wang has a limited online presence and has stayed out of the spotlight throughout the crypto exchange’s three-year history.

Jonathan Vanian / CNBC:
Sources: Elon Musk is now in charge of Twitter; CEO Parag Agrawal and CFO Ned Segal have left the company’s San Francisco headquarters and will not be returning  —  – CNBC’s David Faber reported that Tesla CEO Elon Musk is now in charge of Twitter.  — Twitter CEO Parag Agrawal …

Coco Feng / South China Morning Post:
Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses  —  TikTok ‘s parent company ByteDance , the world’s most valuable unicorn, has no plans to go public, its chief financial officer told employees …

Reuters:
A US judge dismisses an indictment against Huawei CFO Meng Wanzhou, formally ending a criminal sanctions case that strained US-China relations  —  A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL] …

Sander Lutz / Decrypt:
In a federal lawsuit against crypto influencer Ian Balina, the US SEC claims the entire Ethereum network falls under the US government’s purview  —  In a civil complaint against a crypto influencer, the SEC suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions.