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Gensler reports SEC Twitter hack, debunks Bitcoin ETF approval

Gary Gensler, chairman of the SEC, is reporting via Twitter that the US Securities and Exchange Commission has seen its Twitter account hacked. The statement follows the account indicating that the first bitcoin exchange traded funds have been approved for trading.

Gensler commented that the account was compromised, with “an unauthorized tweet” posted. Bitcoin ETF’s as a result have not been approved for trading.

You can read more on the matter here.

What’s going on?

• Can A Reporter Be Arrested For Talking To Chrystia Freeland? (theDeepDive)

• Biden names first 6 new judicial nominees of 2024 (Reuters)

• Ecuador at War: Gang Leader’s Disappearance Sparks Violent Outbreak (theDeepDive)

• Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl (CNBC)

• Donald Trump “Liked Flicking And Sucking” In Latest Epstein List Dump (theDeepDive)

• Biden’s Oil Policies Threaten the Next Energy Crisis, Trade Group Warns (BNN)

• Boeing Has A MAX 9 Problem: United and Alaska Report Loose Bolts (theDeepDive)

• Mortgage demand jumps nearly 10% to start the year, even as interest rates tick up again (CNBC)

• Manheim Used Car Index Ends 2023 with 7% YoY Drop (theDeepDive)

• Ex-Credit Suisse Star Trader Lemssouguer’s Hedge Fund Soars 32% (Bloomberg)

What’s the latest?

• SEC Twitter Account Hacked: The SEC's Twitter account was hacked, falsely announcing Bitcoin ETF approvals, causing a brief surge in Bitcoin's value. SEC Chair Gary Gensler later corrected the unauthorized message, with investors still awaiting an official decision on Bitcoin ETFs. This incident highlights ongoing concerns about market manipulation in the cryptocurrency sector.

• Houthi's Stike Again: U.S. and British naval forces intercepted a major attack by Yemen's Houthi rebels in the Red Sea, involving drones and missiles, with no casualties or damage reported. This incident, highlighting the Houthis' impact on regional tensions, has prompted shipping reroutes. The U.S. Secretary of State affirmed a stance against escalation but warned of responses to threats against personnel or forces.

• Shipping Concerns: Global retailers are acting in advance of China's Lunar New Year, anticipating supply chain disruptions due to the re-routing of vessels from the Suez Canal, following recent militant attacks in the Red Sea. These diversions, occurring just as Chinese factories prepare to close for the holiday on February 10, have raised concerns about delayed product deliveries to the West. Retailers are rushing to export goods before the closure, wary of the potential impact on global trade and additional costs from alternative routes.

• Flight Issues: Boeing CEO Dave Calhoun admitted to errors by the company as over 170 jets remained grounded after an Alaska Airlines incident where a door plug snapped off a 737 MAX 9, creating a hole in the fuselage. Calhoun expressed deep concern, promising transparency and a thorough approach to prevent such incidents.

• Short-Seller Sued: Spanish pharmaceutical company Grifols has announced its intention to take legal action against Gotham City Research after the short-selling fund published a critical report that led to a $2.5 billion drop in Grifols' market value. The company denied all allegations in Gotham City's report, which questioned Grifols' reported debt, earnings, and financial links with Scranton Enterprises. Grifols plans to hold a conference call with investors to address the situation further.

Alaska Energy Metals' nickel venture

The stock market and stuff

• Was SEC’s Bitcoin ETF Tweet Fake Or Not? (theDeepDive)

• Ripple to buy back $285 million of its shares, valuing company at $11 bln (Reuters)

• Bank of Canada Trademarks ‘Central Bank Digital Currency’ and ‘Digital Canadian Dollar’ (theDeepDive)

• Amazon to lay off several hundred staff in Prime Video, Studios (Reuters)

• Arkansas Man Claims Crypto Blackmail Scheme Made Him Steal $150,000 from Charity (theDeepDive)

In the juniors

• DeFi Technologies Announces Auditor Change Amidst Regulatory Scrutiny (theDeepDive)

• Calibre Mining Delivers Record Full Year 2023 Gold Production of 283,494 Ounces, Exceeding the High End of Guidance; Setting Up for Stronger 2024 (JMN)

• Fortuna Silver on the rise after paying down another $41M of debt (SA)

FULL DISCLOSURE: ATHA Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of ATHA Energy. The author has been compensated to cover ATHA Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.