The Block

Quick Take The SEC said it will work with law enforcement to investigate what happened after a post went out on X around 4 p.m. ET via the SEC’s account that said the agency had granted approval for listing bitcoin ETFs on all registered securities exchanges, which was not the case.

Quick Take Celsius creditors who withdrew over $100,000 from Celsius in the three months before bankruptcy will have to return part of the funds or get sued, according to a notice to creditors.

Quick Take Prominent crypto individuals took to X on Tuesday afternoon after a post went out on the SEC’s official account that said the agency had granted approval for listing bitcoin ETFs on all registered securities exchanges.

Quick Take The SEC’s X account was compromised Tuesday to post a fake announcement that spot bitcoin ETFs had been approved. Despite this, approval is still expected to happen tomorrow.

Quick Take The price of bitcoin experienced a sharp rise and decline Tuesday afternoon following a fraudulent post on a major regulator’s social media page. A fake post from the U.S. Securities and Exchange Commission claimed a spot bitcoin ETF had been approved, though The Block confirmed it was fake.

Quick Take Omesh Agam will be the Chief Information Security Officer at the blockchain analytics firm Chainalysis. Agam previously served as a Chief Information Security Officer at two other firms for a combined five years.

Quick Take The implied volatility of bitcoin options has reached a yearly high, signaling an uptick in market uncertainty. Derivatives traders are factoring in heightened uncertainty regarding the potential impact of ETF news on the market, an analyst said.

Quick Take Media firm Fox Corporation collaborated with Polygon Labs to launch Verify, a blockchain-based media platform. Verify tracks cryptographically signed media and negotiates content licensing deals with artificial intelligence firms, Axios first reported.

Quick Take After last week’s leverage shakeout, the verdict on bitcoin spot ETFs is now less likely to be a sell-the-news event, according to K33 Research. K33 analysts expect we are now just hours away from the SEC’s decision.

Bitwise set a record-low fee of 0.20% for its spot bitcoin ETF, awaiting an SEC decision expected on Wednesday.