Crypto Mirage: The ETF Misstep

Cointelegraph's Tweet Trouble: A Misstep in the Crypto Jungle

Author

Jungle Degen
October 20, 2023

Greetings Crypto Explorers! 🌴🦜

This week, we've seen how a single tweet can shake the jungle from root to canopy. We're talking about the infamous 'Tarzan swing and miss' moment from our friends at Cointelegraph, who jumped the gun announcing that BlackRock’s iShares Bitcoin ETF had received the green light from the US SEC. A stark reminder that even in this wild terrain, it's crucial to verify our sources and tread carefully.

Despite this misstep, the jungle is teeming with exciting stories to explore - from BlackRock CEO's insights on Bitcoin to Senator Elizabeth Warren's concerns about crypto-financed terrorism. So buckle up, fellow explorers, as we set off on another exciting journey through the crypto wilderness!

As always… Stay Wild! 🌿🦁🚀.

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

Clarification on sharing false spot Bitcoin ETF news

cointelegraph.com/news/clarification-sharing-false-spot-bitcoin-etf-news

Today, we're diving deep into the crypto-jungle to revisit a bit of a 'Tarzan swing and miss' moment from our buddies at Cointelegraph. 🐒

In the fast-paced world of crypto-news, even the mightiest elephants can trip up, and that's what happened. Imagine this - it's a typical sunny day in the crypto-jungle, and suddenly, a wild tweet appears! 🐦 Cointelegraph had tweeted that the US SEC had given BlackRock’s iShares spot Bitcoin ETF the green light. 🚦💰

Now, in the crypto-savannah, such news is like a fresh waterfall in the dry season - it sent the crypto-animals into a frenzy. 🌊

But alas! The news turned out to be as real as a mirage. The tweet was based on an unconfirmed screenshot from a Bloomberg Terminal, posted by a now-extinct user on platform X. 😱

When the tribe realized their misstep, they quickly swung into action to correct the error. They tried to trace back to the source, edited the message on X to clarify that it was unconfirmed, reached out to BlackRock and Bloomberg Terminal, and finally removed the post.

Cointelegraph then issued a 'roaring' apology straight from the lion's den, stating they would be reviewing their social media processes to ensure they only broadcast 'roar-some' and accurate news from here on out.

So, crypto-animals, remember that even in this wild jungle of crypto, it's important to verify your sources and not get carried away by every tweet or chirp you hear! 🐾🗺️

Until next time, keep your ears to the ground and your investments safe! 🐘💎🌴

🐦 More on Cointelegraph’s tweet:

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week.

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

In the midst of the crypto-jungle, where truth and illusion intertwine, find the specter that dances under the lunar glow. Neither ally nor adversary, but a chameleon lurking within the shadows of nightfall. Its whispers send ripples across the crypto-wilderness. Your pursuit is not for gilded treasures, but for a phantom of a different kind." Decode this cryptic enigma that points to something appearing genuine, yet evaporates upon closer inspection. Remember, in this untamed crypto-jungle, things aren't always what they seem.

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $29,574.74 (10.47%)

  • Ethereum (ETH) - $1,606.21 (3.95%)

  • Top Gainer: Bitcoin SV (+58.19%)

  • Top Loser: Conflux (-7.77%)

    Snapshot taken on the 20th of October, around 2:13pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

How do you feel about crypto news sources and their reliability?

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🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

Flying back from by birthday trip

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

As we journey deeper into the crypto-jungle, let's remember, the pursuit of high yields is like chasing a quicksilver jaguar through dense foliage—it's enticing but often leads to dead ends. In this wild terrain, wisdom is not in the frantic chase, but in the patient observation, understanding the ebb and flow of the jungle rhythms. Just as a wise explorer doesn't rush headlong after every rustle in the undergrowth, we must not be lured by the siren call of every promising yield. The jungle rewards those who respect its untamed nature, acknowledging that the path to prosperity is not a sprint, but a steady trek. So, fellow adventurers, let's stride with measured steps, understanding that in this forest of opportunities, patience and prudence are our most trusted guides.

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!hapcan xXx