🔴SEC and Twitter Fake Tweet ❗️

⁉️ 1. The SEC's compromised Twitter account: The unauthorized access to the SEC's Twitter account, which led to a fake tweet about approving a Bitcoin ETF, raises concerns about market manipulation and the need for regulatory transparency. This incident may create uncertainty and impact market sentiment.

2. Ethereum price increase:

Ethereum briefly touched $2400 and currently priced at $2399.3, with a 24-hour increase of 3.91%.

This indicates positive market sentiment towards Ethereum, and the price increase may attract more investors and traders to the market.

3. BitGo's approval in Singapore:

BitGo has received in-principle approval to operate as a Major Payment Institution (MPI) in Singapore. This approval demonstrates BitGo's commitment to expanding its global footprint and providing regulated and secure solutions to its clients. It may also attract more institutional investors to the cryptocurrency market.

4. Entangle's funding round: Cross-chain DeFi protocol Entangle has completed a $4 million seed and private funding round. The new funds will be used to enhance its

protocol technology and strengthen its role in cross-chain and

interoperable data advancements.

This development shows continued interest and investment in the DeFi sector.

Based on these news, it is evident that there is positive sentiment and investment in the cryptocurrency market. The approval of BitGo in Singapore and its recent acquisition of a BaFin license in Germany indicate growing regulatory acceptance and confidence in the industry. The funding round for Entangle highlights the continued interest in decentralized finance.

However, the incident with the SEC's compromised Twitter account raises concerns about market manipulation and the need for transparency in regulatory agencies. This may lead to short-term uncertainty and cautiousness among market participants.

Considering the positive developments and the potential impact of the SEC incident, it is important to monitor market sentiment and regulatory actions closely.#BTC #Launchpool