Here’s a quick roundup of crypto market news today:
- A rumor that the SEC had approved an iShares spot Bitcoin ETF sent Bitcoin prices soaring to nearly $30,000 before it turned out to be a hoax and sent the market crashing¹².
- Solana has partnered with the Dubai Free Zone to become the first cryptocurrency platform to provide services for businesses and innovation in the region³⁴.
- Russia’s Central Bank is considering using a digital ruble to bypass SWIFT and attract foreign banks to use its CBDC⁵.
- Sam Bankman-Fried, the former head of FTX, has admitted that he planned to shut down his hedge fund Alameda Research two months before FTX collapsed.
- Apple has removed the MetaMask crypto wallet app from its store, causing outrage among users and developers.
