US Stock Market Update | Cryptocurrency-related stocks fall due to "fake announcement" incident, Coinbase drops nearly 3%

On Wednesday, affected by the "fake announcement" incident of the previously approved Bitcoin ETF, cryptocurrency-related stocks fell across the board. As of the time of writing, Marathon Digital fell more than 5%, Bit Digital and Riot Blockchain fell more than 4%, and Coinbase fell nearly 3%. On Tuesday, January 9th, in the after-hours trading of the US stock market, the US Securities and Exchange Commission (SEC) announced on its official social media account X that it had approved the applications for all Bitcoin spot ETFs to be listed on national exchanges in the United States. It also claimed that the approved ETFs would continue to be supervised to ensure that their compliance measures always protect investors. SEC Chairman Gary Gensler subsequently posted on his personal X account, stating that the SEC's official X account had been hacked and an unauthorized post had been made. The SEC did not approve the listing and trading of spot ETFs. After Gensler's post, the SEC's official account published the same clarification and deleted the post claiming to have approved the ETF shown in the first screenshot of this article.