• El Salvador’s Bitcoin Holdings: El Salvador holds far more b | Bitcoin & Crypto Trading

• El Salvador’s Bitcoin Holdings: El Salvador holds far more bitcoin than previously believed, with at least 5,689.68 BTC (~$411 million) in its treasury, nearly double the previous estimate of around 3,000 BTC.
• Hong Kong’s Suspicious Exchanges: Hong Kong added Bybit to its list of suspicious crypto exchanges, warning the public against using its products due to operating without a license. Similarly, MEXC was also warned against for the same reason.
• Avalanche Foundation’s Meme Coin Purchases: Non-profit Avalanche Foundation bought five Avalanche-based meme coins as part of its Culture Catalyst program, including KIMBO, COQ, GEC, TECH, and NOCHILL. The coins surged up to 60% after the announcement.
• Bitcoin ETF Inflow Estimations: JMP Securities analysts estimate $220 billion would flow into bitcoin ETFs over the next three years, while JPMorgan estimates $62 billion in inflows. A separate JPMorgan report found that gold investors are not switching to bitcoin.
• Meme Coins’ Legitimacy and Risks: Meme coin projects are gaining traction but face risks of running into securities laws. Projects like Shiba Inu and Dogwifhat are developing their ecosystems but could attract the attention of the SEC due to marketing efforts and centralization concerns.

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