🌋 Cointelegraph Misreports iShares Bitcoin ETF Approval

This misinformation led the BTC price to surge to $30,000, then drop to $28,000, resulting in the liquidation of $100 million in positions, of which $70 million were short ones.

The post in question was later removed by Cointelegraph from X. Deliberate market manipulation, or did a cat just chase a mouse across the keyboard?

Soon after the incident, the crypto media conveyed its apologies for the misleading details.

"An internal investigation is currently underway. We are committed to transparency and will share the findings of the investigation with the public," — crypto media posted in X.

Cointelegraph is set to provide clarity in the next 3 hours.