From Bitcoin short getting crushed by a fake news to FTX promising 90% refunds, here is everything important that happened in crypto last week!
From fake news to real hacks, CoinMarketCap is here with the top crypto stories you may have missed last week.
It was wild in crypto, packed with hype-fueled spikes, wallet hacks and big refund promises. But don't worry, we've got you covered!
Let’s unpack all that!
BlackRock ETF Rumors Pushed Bitcoin Price
A popular crypto media platform prematurely popped the champagne over a fake BlackRock ETF approval news, crushing shorts within a few minutes. Bitcoin experienced a surge to $29K as markets momentarily rejoiced over the fake green light. Just more unfounded hype fooling us all.
Meanwhile, the SEC continues edging us along on the real ETF decision, getting hopes up only to mercilessly leave us high and dry.
When will this approval blue balling end? Read the full story here!
Crypto Winter May Be Over
Morgan Stanley signaled an end to crypto winter, citing BTC's historical cycles. With Bitcoin bouncing back 70%+ from its lows, spring could be nigh according to analysts. Time to dust off those seed phrases?
Read more details supporting the statement!
SEC Drops Charges Against Ripple Execs
The SEC surprisingly dismissed its claims against Ripple's top executives. After big court wins, Ripple scored another W. With the lawsuits against the execs dead, next up is figuring out how much Ripple's gotta pay for those institutional sales.
How close is Ripple winning the case? Find the full story here!
Galaxy CEO Predicts Bitcoin ETF Approval in 2023
The crypto oracle has spoken - Galaxy's CEO predicts SEC ETF approval this year after key court losses. With their reputation on the line, the SEC may finally wave the green flag for Bitcoin ETFs according to Mike Novogratz.
How will these approvals affect the price? Read more!
Fantom Foundation Breached, $550K Stolen
Hackers compromised the Fantom Foundation's wallet, making off with nearly $550K. While Fantom swears the network is A-OK, the foundation is probing the breach after researchers spotted funds flowing into shady accounts.
Get the full details of the heist here.
FTX Vows to Return 90% Funds
FTX victims finally had some relief!
FTX says it may refund over 90% of user funds after its billion-dollar blunder. Guess siphoning client money and then returning most of it makes everything fine? Of course, damage control is in high gear ahead of the court decision.
Read the full story here!
U.S. Government HODLs Massive $5 Billion Bitcoin Stash
The US government owns a whopping 200,000 BTC worth $5 billion, all seized from dodgy dark web activities. Talk about diamond hands - Uncle Sam won't part with all of its crypto. Maybe losing out on $5 billion in gains after disposing of some BTCs gave the government a nightmare?
Some more details on how it managed to lose that amount in auctions!
And those were the need-to-know crypto headlines from the past week. We will be back with more!
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