Bitcoin projected to reach $233K, SEC X account hacker apprehended, and other news: Hodler’s Digest, Oct. 13 – 19

A recent crypto analysis report has predicted that Bitcoin could reach a price of $233,000 by the first quarter of 2025. In other news, the FBI has apprehended an individual connected to the SEC X account hack that occurred earlier this year.

Former US President Donald Trump recently launched a new token called World Liberty Financial (WLFI), but it didn’t go as planned. Despite claims that investors would gain voting rights over a DeFi protocol, sales were lackluster, with only a small fraction of the tokens sold on the first day.

On the brighter side, US spot Bitcoin ETFs experienced a massive inflow of $555.9 million, marking the largest daily increase in over four months. This spike in activity coincided with Bitcoin reaching a two-week high of $66,500.

In the realm of politics, Senator Elizabeth Warren and crypto lawyer John Deaton engaged in a heated debate over crypto policies during their bid for a US Senate seat. Warren emphasized the need for crypto regulations to protect consumers and prevent illicit activities.

Law enforcement made a significant arrest, with the FBI catching a 25-year-old man for hacking the SEC’s X account in January. This cyberattack led to a false statement about Bitcoin ETF approval and caused a spike in Bitcoin’s price.

Lastly, the SEC approved the listing of options for spot Bitcoin ETFs on the NYSE and CBOE. This move brings Bitcoin ETF options in line with other commodity-backed ETFs, opening up new trading opportunities for investors.