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.
Block Inc.’s Square platform now lets over four million merchants accept Bitcoin using the Lightning Network, enabling near-instant payments and low fees. Bitcoin-related transactions contributed nearly $2 billion to the company’s revenue, highlighting growing adoption of crypto in everyday commerce.
AnaisStrive bought 7,525 more Bitcoin worth about $162 million, making it one of the largest corporate holders of the cryptocurrency. The purchase pushed it ahead of Galaxy Digital as competition among firms building Bitcoin reserves intensifies.
AnaisA U.S. court sentenced Samourai Wallet co-founder Keonne Rodriguez to five years in prison for running an unlicensed crypto mixing service. Prosecutors said the Bitcoin wallet helped launder at least $237 million through tools that hid transaction origins.
WeatherlyMichael Saylor continues his unwavering focus on Bitcoin as his company, Strategy, has filed for an initial public offering (IPO) of shares denominated in euros. The move marks a significant shift in direction for the company, designed to raise funds specifically for purchasing more Bitcoin while expanding into new capital markets.
XingChiSteak ‘n Shake has unveiled a dedicated Bitcoin treasury and a new philanthropic campaign that donates 210 satoshis for every “Bitcoin Meal” sold — signaling one of the boldest crypto pivots yet from a major U.S. restaurant brand.
XingChiIran is cracking down on illegal crypto mining as unlicensed operations consume massive amounts of electricity, threatening the national grid. The government is offering rewards to informants, but cheap power and high profits continue to fuel widespread unauthorised mining.
AnaisAlternative media platform, Rumble, who has built its brand around free speech and anti-censorship values, is facing one of its toughest years yet. Its stock has plunged more than 45% since January, its user base has shrunk, and investors have grown increasingly skeptical.
XingChiBarely 24 hours after announcing to reporters that he will be having a meeting with Chairman Xi in the weeks to come, Trump is now threatening to impose a tariff of up to 155% on Chinese goods if both countries do not reach a mutual agreement during the Asia-Pacific Economic Cooperation summit in Seoul.
XingChiEthereum continues to lead blockchain development, gaining more than 16,000 new developers between January and September 2025. Solana’s developer base is expanding rapidly, though some figures may be underestimated due to incomplete reporting.
WeatherlyCelebrity hairstylist Jawed Habib, his son, and an associate are accused of defrauding over 150 investors of Rs 5–7 crore through a fake crypto scheme. Police say they used his fame to gain trust and have issued lookout notices as investigations continue.
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