Cointelegraph tweeted โ๐จBREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF.โ 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, โREPORTEDLY".
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.
Hong Kong's approval of bitcoin and ether ETFs signals its growing role in cryptocurrency innovation, contrasting with China's stricter stance. While this move promises investment opportunities and financial growth, it also poses risks due to cryptocurrency volatility and regulatory uncertainties.
AnaisBitcoin's upcoming halving will slash miner rewards, potentially causing a $10 billion annual revenue drop. Miners face increasing competition for power and must innovate to survive.
WeatherlyBinance NFT platform will cease Bitcoin NFT trading and deposits starting April 18th, 2024, at 14:00 GMT. Additionally, related airdrops and benefits will be terminated from April 10th, 2024. Users are urged to withdraw their NFTs before the specified dates to avoid potential losses.
Cheng YuanWhile Genesis' Bitcoin investment strategy offers potential upside, the company faces substantial hurdles in its journey towards financial rehabilitation.
SanyaSouth Korean political parties vie for voters' favor by promising access to US Spot Bitcoin ETFs. However, forthcoming regulations on digital assets pose potential challenges.
BerniceLightspark highlights that the integration with Coinbase aims to divert a greater volume of transaction activity away from Bitcoin's primary layer, which has seen a significant rise in fees over the past year.
CatherineBitfarms' significant investment signals its commitment to staying competitive in the evolving mining landscape. Meanwhile, Giga Energy's expansion highlights the industry's exploration of sustainable energy sources. Despite these advancements, challenges such as equipment importation delays pose obstacles to full-scale operations.
SanyaTether quietly increased its Bitcoin holdings, adding around 8,888.888 BTC worth approximately $618 million. This move makes Tether the seventh-largest Bitcoin wallet holder globally, with nearly $5 billion in Bitcoin. The company's investment plans include using 15% of its net profits to invest in Bitcoin. Tether recently completed a SOC 2 Type 1 audit, demonstrating its commitment to security and transparency.
Cheng YuanVanEck's foray into the stablecoin market marks a significant move in the cryptocurrency sphere. Agora's USD stablecoin, backed by cash and US Treasury bills, reflects a strategic approach to address specific market segments while navigating regulatory challenges, particularly in the US. The surge in Bitcoin ETF trading volume underscores growing investor interest in crypto assets, albeit accompanied by concerns over regulatory clarity and project stability. As the industry evolves, careful attention to regulatory frameworks and project viability remains paramount for sustained growth and investor confidence.
Cheng YuanTether's completion of the SOC 2 Type 1 audit marks a significant milestone, reflecting its dedication to security and transparency. Continuous adherence to rigorous standards and future goals for certification demonstrate Tether's commitment to compliance and excellence.
Cheng YuanAfter 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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