A large investor lost $49,000 within 10 minutes due to false news about the approval of a spot Bitcoin ETF. The news was spread by Cointelegraph and led to financial losses among many investors who were influenced by fear of missing out (FOMO). The investor bought 20.5 Wrapped Bitcoin (WBTC) based on the false news and quickly sold it when the news was confirmed to be false. The denial of the news by BlackRock had a significant impact on the industry, causing BTC to drop from $30,000 to $28,000.
AI Sentiment: Negative