# The SEC Fake Out

*Author: Bankless*
*Published: Jan 9, 2024*
*Source: https://www.bankless.com/fr/sec-cant-do-it*

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     The SEC Fake Out
  
  

  
  Published on Jan 9, 2024

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  View in Browser

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   SEC's ETF Fake Out
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Group-14--7-.png)- 🙄 **SEC posts fake ETF approval.** The SEC's Twitter account announced the approval of the BTC ETF, and minutes later, Gary Gensler [claimed](https://twitter.com/garygensler/status/1744833049064288387) the account was *compromised* and the announcement was fake! *What's happening?*
- 📆 **Tomorrow?** Before the fake news crisis, fund managers and analysts were feeling confident in the [approval announcement going live Wednesday](https://x.com/crypto/status/1744792579797897247?s=20). Will today's actions [shift that timeline](https://x.com/JSeyff/status/1744852656210739620?s=20)?
- 💦** Lido surges. **The liquid staking platform's token LDO is up 16% today, reaching highs not seen since Terra's collapse in 2022.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Can ETH Mount a Comeback?
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image--85-.png)](https://www.bankless.com/can-eth-mount-a-comeback)📊** ETH's moment soon?** Broader crypto markets pared back yesterday’s gains, with the total crypto market cap (TOTAL) declining by 1.4%, but that didn’t stop Solana’s momentum! *What tokens are primed for outperformance?*

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.70T
       

  
    
    ↘ 1.4%
    
  

   
    
    ↘ 1.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $45,926
       

  
    
    ↘ 2.3%
    
  

   
    
    ↗ 1.9%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,330
       

  
    
    ↗ 0.3%
    
  

   
    
    ↘ 1.4%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/can-eth-mount-a-comeback)

.  .  .

 
  
    

    LEARN

  
  
    
   What are Ordinals?
  
  
  
  
  
   
     
     Bankless Author: 
     
      [
       
       William Peaster
     
    ](https://twitter.com/WPeaster)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image--84-.png)](https://www.bankless.com/the-bankless-guide-to-ordinals)The core feature of the *Ordinal* system is the ability to inscribe arbitrary data onto *satoshis*. This reality is why the phrase “Inscriptions” has recently become synonymous with “Bitcoin NFTs” or “Ordinals-style NFTs.” 

In our latest Bankless Guide, we tackle Ordinals, highlighting the various flavors of Bitcoin NFTs and what other experiments are cooking up right now.

**Get the full *free* guide below 👇👇👇**

[Get the Full Details](https://www.bankless.com/the-bankless-guide-to-ordinals)
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