Cointelegraph tweeted “🚨BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF.” on X at 9.21pm (UTC+8) on October 16, 2023.
Because of this announcement, Bitcoin ($BTC) pumped at 9.25pm to about 30 thousand USD.
However, just over half an hour later, they edited the post on X to add the word, “REPORTEDLY".
At the time of writing now, it appears that they have taken the post down as there is no such post to be seen.
BlackRock, the company that is in charge of iShares ETFs, has confirmed that this news is inaccurate.
As a result of this false alarm, more than 65 million USD worth of Bitcoin has been liquidated.
Cointelegraph has also posted an apology regarding this inaccurate news and vowed to update with a reply in 3 hours.
Here's a summary of what happened at a glance.
Coinshares' weekly report: $130M inflow in crypto products, US sees $135M inflow, Grayscale lowest outflow since Jan. Bitcoin gains $144M, Ethereum outflows due to ETF speculation. Altcoins mixed: Solana $5.9M inflow, Ethereum outflows. Regional trends: US $135M inflow, Germany $14.9M outflow.
EdmundMark Cuban defends cryptocurrencies, highlighting their utility beyond speculation and addressing criticisms from James Love. He emphasizes benefits like low-cost transfers, collateralized loans, tokenization of assets, and blames institutional failures for market incidents. Cuban advocates for legal clarity and aligns with political circles supporting crypto innovation.
EdmundNorth Korean hackers deploy potent malware "Durian" targeting South Korean crypto firms. Exploiting legitimate security software, Durian facilitates backdoor access for malicious activities, potentially linked to Lazarus Group's extensive crypto-related cybercrime. Heightened vigilance urged amid evolving threat landscape.
Huang BoDormant Bitcoin wallets, untouched for a decade, suddenly come alive, each holding $61 million in Bitcoin. One transfers, the other stays silent, sparking intrigue. With connections suggesting common ownership, this event echoes a recent trend of awakening Satoshi-era wallets, amidst a landscape where millions of Bitcoin addresses remain dormant.
Huang BoGrayscale report: Bitcoin, crypto market poised for growth pending stable macroeconomy. Bitcoin resilient despite April dips. Fed hints at rate cuts amidst inflation concerns. Positive crypto developments include Bitcoin halving, stablecoin market growth.
EdmundHong Kong's spot Bitcoin ETFs saw second straight day of outflows, with 90.16 BTC leaving on Thursday. China Asset Management's ETF led outflows, reversing earlier inflow trends. Despite this, total AUM for all three ETFs reached 4,260 BTC and $261.45 million. Investor behavior shifts with $5.5 million total daily outflows.
EdmundHoskinson voices concerns over Biden administration's crypto approach, criticizes SEC's SAB 121. Warns of talent exodus and urges voting for crypto-friendly candidates. Contrasts Biden's stance with Trump's support for crypto. Calls for voter prioritization of crypto issues in upcoming elections.
Xu LinEU explores integrating cryptocurrencies into €12 trillion investment market, potentially eclipsing US crypto ETFs. ESMA's consultation on crypto under UCITS framework heralds a significant shift. Despite benefits, challenges like aligning custody practices remain, indicating a complex path ahead.
Xu LinViaBTC underscores the significance of Bitcoin transaction fees, propelled by applications like Ordinals and Runes, in sustaining miners amidst halving events. Despite challenges, ViaBTC's record-setting transaction fee on halving day highlights the potential of increased network activity for miner compensation, aligning with Satoshi Nakamoto's vision.
Huang BoVan de Poppe warns of Bitcoin's vulnerable position, signaling a possible dip to $52,000-$55,000. Declining whale accumulation and bearish market trends heighten concerns despite ongoing demand from American spot Bitcoin ETFs and MicroStrategy.
EdmundAfter a period of market movement, the market will have a concentrated MEME season. This is because there is a lot of money in the market at this time and FOMO is high. Still want to find new opportunities to get rich.
JinseFinanceRecently, with the help of Musk's Twitter, meme assets such as Troll and Zuzalu have soared in popularity. So, what exactly is a meme? Why are meme assets so popular? What do you think of meme assets?
JinseFinanceVolumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
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