Good morning. Bitcoin swings after the SEC’s X account is hacked to wrongly report approval for crypto ETFs, bond traders hedge against rising Treasury yields, and more Houthis attacks in the Red Sea. Here’s what people are talking about.
The US Securities and Exchange Commission said its X account was compromised after a post on the social media site falsely claimed the agency had approved spot Bitcoin exchange traded funds. Bitcoin initially surged on the fake post before slumping after the SEC response. Traders have been speculating for weeks that the agency could approve several of the products as soon as Wednesday.