Crypto tycoon and Matrixport co-founder Jihan Wu addressed concerns surrounding the company’s report predicting the rejection of spot Bitcoin ETF applications by the U.S. Securities and Exchange Commission (SEC). Bitcoin’s price dropped as much as 9% on Wednesday as it briefly traded below the $41,000 mark. The flash crash was said to be triggered by Matrixport’s report predicting the rejection of spot Bitcoin ETFs. Wu posted on X that the report was solely based on independent research and was not influenced by the management team. This statement comes in the wake of industry backlash, with some speculating that the report might be part of a market manipulation scheme due to the lack of insider sources.
LIVE
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,797.00
▼ -0.10%
ETH
$1,912.11
▼ -0.30%
USDT
$0.999385
▲ +0.00%
BNB
$591.80
▼ -0.20%
USDC
$0.999671
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.42
▼ -0.20%
TRX
$0.327269
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.33
▼ -4.00%
DOGE
$0.069681
▲ +0.40%
USDS
$0.99987
▲ +0.00%
RAIN
$0.012728
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$512.33
▲ +3.10%
ADA
$0.197873
▼ -4.40%
XMR
$370.28
▲ +1.50%
WBT
$56.06
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.160818
▼ -1.20%
DAI
$0.999824
▲ +0.00%
BCH
$215.20
▲ +0.10%
USD1
$0.999702
▲ +0.00%
USDE
$0.999747
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,797.00
▼ -0.10%
ETH
$1,912.11
▼ -0.30%
USDT
$0.999385
▲ +0.00%
BNB
$591.80
▼ -0.20%
USDC
$0.999671
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.42
▼ -0.20%
TRX
$0.327269
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.33
▼ -4.00%
DOGE
$0.069681
▲ +0.40%
USDS
$0.99987
▲ +0.00%
RAIN
$0.012728
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$512.33
▲ +3.10%
ADA
$0.197873
▼ -4.40%
XMR
$370.28
▲ +1.50%
WBT
$56.06
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.160818
▼ -1.20%
DAI
$0.999824
▲ +0.00%
BCH
$215.20
▲ +0.10%
USD1
$0.999702
▲ +0.00%
USDE
$0.999747
▲ +0.00%
GRAM
$1.35
▼ -2.40%
BTC
$64,797.00
▼ -0.10%
ETH
$1,912.11
▼ -0.30%
USDT
$0.999385
▲ +0.00%
BNB
$591.80
▼ -0.20%
USDC
$0.999671
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.42
▼ -0.20%
TRX
$0.327269
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.33
▼ -4.00%
DOGE
$0.069681
▲ +0.40%
USDS
$0.99987
▲ +0.00%
RAIN
$0.012728
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$512.33
▲ +3.10%
ADA
$0.197873
▼ -4.40%
XMR
$370.28
▲ +1.50%
WBT
$56.06
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.160818
▼ -1.20%
DAI
$0.999824
▲ +0.00%
BCH
$215.20
▲ +0.10%
USD1
$0.999702
▲ +0.00%
USDE
$0.999747
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,797.00
▼ -0.10%
ETH
$1,912.11
▼ -0.30%
USDT
$0.999385
▲ +0.00%
BNB
$591.80
▼ -0.20%
USDC
$0.999671
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.42
▼ -0.20%
TRX
$0.327269
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.33
▼ -4.00%
DOGE
$0.069681
▲ +0.40%
USDS
$0.99987
▲ +0.00%
RAIN
$0.012728
▲ +1.50%
LEO
$9.75
▲ +0.00%
ZEC
$512.33
▲ +3.10%
ADA
$0.197873
▼ -4.40%
XMR
$370.28
▲ +1.50%
WBT
$56.06
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.160818
▼ -1.20%
DAI
$0.999824
▲ +0.00%
BCH
$215.20
▲ +0.10%
USD1
$0.999702
▲ +0.00%
USDE
$0.999747
▲ +0.00%
GRAM
$1.35
▼ -2.40%
