Big news in the world of cryptocurrency! Someone was caught hacking the SEC's Twitter account. They pretended the SEC approved Bitcoin ETFs (like special Bitcoin funds), causing a big price change. The hacker pleaded guilty and might have to pay a fine.
- A hacker faked a tweet saying the SEC allowed Bitcoin ETFs.
- The price of Bitcoin went up quickly, then down.
- The hacker admitted to the crime and will be sentenced later.
- The SEC actually did approve Bitcoin and Ethereum ETFs after the hack, leading to lots of new investments.
| Fact | Detail |
|---|---|
| Fine | $50,000 |
| Bitcoin ETF Inflows (2024) | Over $40 billion |
| Total US Spot ETF Assets (end 2024) | Over $120 billion |
