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 (Kari McMahon/The Block)

Makena Kelly / The Verge:
TikTok expands its political content rules to limit fundraising by politicians and political groups, ahead of a full ban on fundraising  —  Starting Wednesday, TikTok is expanding its elections rules to make it harder for politicians and political groups to fundraise using the platform — and plans to ban all fundraising activity soon.

Kari McMahon / The Block:
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  —  – Alexander Höptner is departing from his role as CEO of crypto exchange BitMex with immediate effect.

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.

Justine Calma / The Verge:
Google says that it has, for the first time, licensed its AI research model for breast cancer screening to a medical company, iCAD, looking to deploy it in 2024  —  Google announced today that it has licensed its AI research model for breast cancer screening to medical technology company iCAD.

Joshua Oliver / Financial Times:
The UK’s Financial Conduct Authority warns consumers against FTX, saying the exchange is not authorized, following a similar warning about Binance in 2021  —  FCA says group led by Sam Bankman-Fried is ‘targeting’ consumers without authorisation  —  The UK’s financial regulator …

Stephen Gandel / New York Times:
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal  —  Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.