SEC's ETF Verdict Today
SEC's Twitter Account Hacked, Proposal To Stop Ordinals Was Shut Down, Exchange Apps Removed In India
Welcome to Coinfeeds Daily Digest! It's the day of the spot Bitcoin ETF decision, with FOX Business and other outlets saying that the new assets could be trading live as early as Thursday, and the SEC's Twitter account hacked where the perpetrator posted a fake ETF approval tweet that heavily impacted the market. Major figures in crypto predicted that the hack would not further delay the SEC verdict. In other Bitcoin news, developer Luke Dashjr's proposal to stop allowing Ordinal 'spam' NFTs to be minted on Bitcoin was shut down by the community, and El Salvador's Bitcoin bet is now around $13 million in the green. Furthermore, major exchanges, including Binance and KuCoin were removed from the Apple Store in India after the country's FIU compliance notices.
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SEC's ETF Decision Today
The SEC's decision on spot Bitcoin ETFs is expected to be announced today. An executive from an ETF applicant company has indicated that the SEC's nod could lead to immediate trading activity the next day. Despite a fake approval announcement due to a security breach, the process appears to be on track, with final decisions likely to be made by 6pm ET. | Read More
SEC's Twitter Account Hacked
A series of events unfolded when the SEC's Twitter account released a false announcement regarding the approval of spot bitcoin ETFs, which turned out to be the result of a security breach. | Read More
Bitcoin Dev's Proposal To Stop 'Spam' Ordinals Was Shut Down
The Bitcoin community recently faced a contentious debate over the blockchain's purpose and the role of NFTs within its ecosystem. This debate was sparked by a proposal from Bitcoin developer Luke Dashjr, who suggested an update to Bitcoin Core aimed at curbing what he referred to as 'spam' NFTs. | Read More
Celsius Demands Pre-Bankruptcy Withdrawals Back From Creditors
Celsius's bankruptcy managers are targeting specific withdrawals in an effort to recoup funds for the company's reorganization plan. Creditors who took out over $100,000 are being asked to return 27.5% of the amount they withdrew. | Read More
Binance, KuCoin, Other Apps Pulled from Apple Store in India
The FIU has been closely monitoring financial transactions and has issued show-cause notices to 9 cryptocurrency exchanges, alleging that they were operating illegally in India. These notices have prompted Apple to take down the apps from its store in India. | Read More
El Salvador's Bitcoin Profit Hits $12.6M
To date, El Salvador holds 2,798 BTC, with an average cost of $42,440 per Bitcoin. This strategic investment has paid off, as El Salvador's Bitcoin holdings have generated a profit of $12.6 million. | Read More