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.
Taiwan’s WiseLink led a $10 million funding round for Nasdaq-listed Top Win International, helping the company buy Bitcoin and expand into digital assets. The deal makes WiseLink the first public Taiwanese firm to back a Bitcoin treasury strategy and aims to combine crypto holdings with cross-border business operations.
WeatherlyCitigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
WeatherlyMetaplanet bought 518 more bitcoins for about $61.4 million, bringing its total holdings to 18,113 BTC. The company uses creative financing methods to keep buying and aims to hold 210,000 BTC by 2027.
WeatherlyEthereum co-founder Vitalik Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
XingChiBlue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
WeatherlyEl Salvador has just approved it new Investment Banking Law, which allows investment banks to not only hold Bitcoin and other digital assets but also to offer full crypto services, but only to "sophisticated investors."
XingChiHarvard Management Company purchased around $117 million in BlackRock’s Bitcoin ETF as part of its public portfolio. This investment highlights increased institutional involvement in regulated cryptocurrency funds.
WeatherlyJust as the United States is entering into a new chapter of its crypto policy, a crucial member of this revolution has just announced his sudden resignation from the Trump administration.
XingChiPhysical attacks on crypto holders, known as “wrench attacks,” are rising worldwide in 2025, with criminals targeting victims to steal their private keys. Data leaks from exchanges have made it easier for attackers to find and threaten people, leading to more kidnappings and assaults.
AnaisEthereum is capturing market attention once again, with analysts widely forecasting a major breakout that could send ETH soaring to the $5,000 level and beyond.
XingChiAfter 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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