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The SEC could approve the world's first spot Bitcoin ETF later this week.

The post set off a panic in the crypto market.

SEC Chair Gary Gensler said that a message on X claiming the regulator had granted approvals for bitcoin ETFs was "unauthorized" and inaccurate.

The price of bitcoin briefly spiked more than $1,000 after the post on X, formerly known as Twitter, claimed “The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.” Gensler called the post unauthorized without providing further explanation. The price of bitcoin swung from about $46,730 to just below $48,000 after the unauthorized post hit, and then dropped to around $45,200 after the SEC's denial.

(Bloomberg) -- A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday.Most Read from BloombergSEC X Account Compromised to Falsely Say Bitcoin ETFs ApprovedAmazon’s Twitch to Cut 500 Employees, About 35% of StaffUS and Allies Met Secretly With Ukraine on Peace PlanBlackRock Cuts 3% of Global Workforce, Citing Dramatic Industry ShiftsXi, Biden and the...

The Securities and Exchange Commission’s (SEC) account on X, the platform formerly known as Twitter, was breached Tuesday, the agency said, after it appeared to announce the approval of several bitcoin investment funds. “The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of…

(Bloomberg) -- A series of high-stakes deadlines this week will mark the culmination of a years’ long push to launch exchange-traded funds backed by Bitcoin in the US.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderBoeing 737 Max Blowout Points to Pervasive FlawsAckman Plans to Check MIT’s Kornbluth, Staff for PlagiarismWould-be Bitcoin ETF issuers have been given until Monday mornin...

U.S. spot Bitcoin exchange-traded funds (ETFs) appear to be on the verge of receiving a final decision, with exchanges filing amended documents.

SEC Chair Gary Gensler cautions about cryptocurrency volatility, highlighting investor protection concerns, as his agency nears a decision on spot Bitcoin ETF applications.

LSU and South Carolina have different roster makeups than when they won their respective titles, but they still have NCAA championship potential and are the two favorites to win the SEC.