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- Bitcoin jumps then falls after SEC (mistakenly) says on X ETF approved
Bitcoin jumps then falls after SEC (mistakenly) says on X ETF approved
Bay Area Times
January 10, 2024
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Top stories today:
- SEC (mistakenly) says on X Bitcoin ETF approved
- Rabbit’s R1: $199, no subscription AI device announced
- Keith Rabois goes back to Khosla Ventures
- Taiwan war could lead global GDP -10%: model
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Bitcoin jumps then falls after SEC (mistakenly) says on X ETF approved
It all started with this tweet from SEC's account on X:
SEC Chair Gensler said the tweet was a result of a hack, but Bitcoin's price had already gone up. It went down after Gensler's tweet
X confirmed the hack, saying the account did not have 2FA enabled.
Valkyrie CEO said he was “95% sure” Bitcoin ETFs would be approved Wed and start trading on Thu
Some ETF providers are promising 0% initial fees, to lure in investors
2. Rabbit’s R1: $199, no subscription AI device announced at CES
In addition to basic apps like Q&A and ride-sharing, you can teach R1 to execute web or app tasks, such as creating an AI image on Midjourney
R1’s 25-min launch keynote clearly was filmed with the iPhone 2007 keynote in mind
Meanwhile, Humane is laying off 4% of its workforce, before the release of the $699 screenless Ai Pin.
Read more: The Verge.
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4. Keith Rabois goes back to Khosla Ventures, from Founders Fund
