Notable news in the last 24 hours (17/10) BTC: 28,300 USD | ETH: 1,592 USD| Total market cap: 1,069 billion USD 1️⃣ Bitcoin price fluctuated wildly following the false news about the Bitcoin Spot ETF. Rumors of the SEC approving the iShares Bitcoin Spot ETF pushed the BTC price to $30,000 before a sharp correction. BlackRock clarified that its ETF application is still under review, clearing up rumors swirling around the SEC's approval of the ETF. 2️⃣ The SEC "balked" in its efforts to appeal the Grayscale case. The U.S. Securities and Exchange Commission (SEC) does not appear to be expected to appeal the court's decision on the execution of Grayscale's Bitcoin futures exchange-traded fund (ETF). While the SEC has suffered legal setbacks in cases involving Grayscale, this has not been enough to increase the agency's ability to approve Bitcoin Spot ETFs. 3️⃣ Block acquires startup Hifi Fintech. Block, the fintech company founded by Jack Dorsey, has acquired Hifi, a music-focused startup that provides financial services to artists. This acquisition marks Block's ongoing commitment to economic empowerment through innovative financial technologies, as outlined on Hifi's updated website. 4️⃣ Upbit was given the green light by the Singapore government. Upbit has received approval in principle from the Monetary Authority of Singapore to provide digital asset services. Upbit Singapore may continue to offer regulated Digital Payment Token services pending full license approval.

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