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Bitcoin swings sharply after false claim that SEC approved ETFs

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Bitcoin swings sharply after false claim that SEC approved ETFs

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Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had approved the first ever US spot bitcoin exchange traded funds.

The fake post declared just after 4pm Washington time that the SEC “grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges”. It was picked up immediately on social media, business news websites and Bloomberg TV.

Just over 10 minutes later, the SEC chair poured cold water on the announcement. Gary Gensler posted on his personal account on X: “The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”

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An SEC spokeswoman said that the original post “was not made by the SEC or its staff”. By 5pm the SEC staff appeared to have regained control of the X account and the false posting had been deleted.

Bitcoin rallied immediately after the post, for a 1.5 per cent gain on the day, but swiftly reversed on confirmation that the news was fake and the price slid as much as 3.4 per cent.

Cryptocurrency enthusiasts are on tenterhooks as the SEC is expected to decide later this week whether to approve spot bitcoin ETFs, in what would be a watershed moment for the digital asset.

At least 11 asset managers have applications pending before the SEC to launch spot bitcoin ETFs. The SEC faces a deadline of Wednesday to approve some of the applications.

Although the watchdog has previously resisted such products, it now has less room for manoeuvre. A federal appeals court last year ruled that the SEC’s rejection of an application filed by Grayscale to convert its $29bn bitcoin trust into such an ETF was “arbitrary and capricious”.

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So far this year, the volatile cryptocurrency has gained about 7 per cent on hopes the SEC would grant approval.

Several applicants have said they received feedback from commission staff indication that approval was possible this week.

The applicants range from large asset managers BlackRock, Invesco and Franklin Templeton to smaller firms such as Ark Investment Management and Bitwise. Earlier this week, the firms disclosed fees for their prospective products, with several of the hopefuls either substantially cutting their fees or agreeing to waive them altogether shortly after inception.

The SEC has long argued that spot bitcoin ETFs cannot guarantee the same level of protection to investors as traditional investment products. Gensler on Monday posted a short thread on X outlining potential drawbacks to investing in cryptocurrency products, noting that issuers “may not be complying (with) applicable law” and that crypto investments “can be exceptionally risky (and) are often volatile”.

ETFs hold assets like mutual funds but trade on exchanges like stocks and usually enjoy preferential tax treatment in the US. Each of the pending ETFs are meant to invest solely in bitcoin, an evolution over previous products that invest in cryptocurrency futures or companies involved in the crypto industry.

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US life expectancy reached a record high in 2024 as deaths from drug overdose and Covid-19 dropped | CNN

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US life expectancy reached a record high in 2024 as deaths from drug overdose and Covid-19 dropped | CNN

EDITOR’S NOTE:  If you or someone you know is struggling with suicidal thoughts or mental health matters, please call the 988 Suicide & Crisis Lifeline by dialing 988 to connect with a trained counselor, or visit the 988 Lifeline website.

People in the United States can expect to live longer than ever, as death rates returned to pre-pandemic levels in 2024.

Life expectancy in the US had been trending up for decades before dropping by nearly a year and a half between 2019 and 2021, but it’s been on the rise again since 2022.

Another 4% drop in the death rate between 2023 and 2024 raised life expectancy by more than half a year.

This dramatic rebound has brought life expectancy at birth up to 79 years in 2024 — the highest it has ever been, the US Centers for Disease Control and Prevention said.

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There were 722 deaths for every 100,000 people in the US in 2024 – nearly 3.1 million deaths overall – according to final, age-adjusted data published Thursday by the CDC’s National Center for Health Statistics.

The 10 leading causes of death accounted for more than 70% of all deaths in the US in 2024, led by heart disease and cancer that killed more than 600,000 people each.

But death rates declined for each of the 10 leading causes of death in 2024, including a particularly sharp drop in unintentional injuries — a category that is largely comprised of drug overdose deaths.

Drug overdose deaths spiked during the Covid-19 pandemic, but the rate has been declining since 2022, according to the CDC. In 2024, drug overdose death rates fell among all age groups and among all racial and ethnic groups — leading to a sharp overall drop of more than 26% in one year.

Fentanyl and other synthetic opioids are still involved in most overdose deaths, ​but their involvement is becoming less prevalent — likely a key factor driving the overall decline in overdose deaths. About 6 in 10 overdose deaths in 2024 involved fentanyl or another synthetic opioid, CDC data shows, down from more than 9 in 10 in 2023.

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Deaths involving psychostimulants such as methamphetamine and cocaine also declined in 2024, according to the CDC data.

Drug overdoses are still a leading cause of death in the US — more than 79,000 people died from one in 2024 — but provisional data from the CDC shows continued drops into 2025.

Covid-19 quickly rose to the third leading cause of death in the US in the first two years of the pandemic, falling to fourth in 2022 and tenth in 2023, according to CDC data. But it dropped out of the 10 leading causes of death in 2024, replaced by suicide.

There are still tens of thousands of Covid-19 deaths in the US each year, but suicide mortality reached a record high in the US in 2022 and has decreased only slightly in the years since.

In 2024, more than 14 million adults had serious thoughts of suicide, 4.6 million made a suicide plan and 2.2 million attempted suicide, according to survey data from the Substance Abuse and Mental Health Services Administration. Millions of people have called, texted, or sent chats to the 988 Suicide & Crisis Lifeline since mid-2022; about a tenth of those individuals who reached were routed to a specialized subnetwork for LGBTQ+ youth — a service the Trump administration ended last year.

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Overall, women can still expect to live a few years longer than men but that gap is shrinking, CDC data shows. The life expectancy for women increased by 0.3 years to 81.4 in 2024, while life expectancy for men increased 0.7 years to 76.5.

Death rates decreased across all racial and ethnic groups between 2023 and 2024, but stark disparities remain. Despite higher than average declines, American Indian men and Black men continued to have the highest age-adjusted death rate in 2024 — about 1,200 deaths and 1,000 deaths per 100,000 people, respectively.

Death rates also decreased across age groups, except among children ages 5 to 14 for whom the death rate held relatively steady between 2023 and 2024.

Infant mortality had been trending down in the US for decades before spiking in 2022, and the latest CDC data shows that recovery is slow. More than 20,000 babies died before they turned 1 in 2024 – about 5.5 deaths for every 1,000 live births. Last year, the Mississippi health department declared a public health emergency over rising infant mortality rates in the state.

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Video: Their Mother Was Detained. Now a Minneapolis Family Lives in Fear.

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Video: Their Mother Was Detained. Now a Minneapolis Family Lives in Fear.

new video loaded: Their Mother Was Detained. Now a Minneapolis Family Lives in Fear.

After a Minneapolis woman was arrested by ICE agents, the children she left behind face an uncertain future. In the days following their mother’s detainment, the oldest daughter spoke to The New York Times.

By Ang Li, Bethlehem Feleke, Ben Garvin and Caroline Kim

January 28, 2026

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The FBI conducts a search at the Fulton County election office in Georgia

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The FBI conducts a search at the Fulton County election office in Georgia

An election worker walks near voting machines at the Fulton County Election Hub and Operation Center on Nov. 5, 2024.

John Bazemore/AP


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John Bazemore/AP

The FBI says it’s executing a “court authorized law enforcement action” at a location in Georgia that is home to the Fulton County election office.

When asked about the search, the FBI would not clarify whether the action is tied to the 2020 election, but last month the Department of Justice announced it’s suing Fulton County for records related to the 2020 election.

In its complaint, the DOJ cited efforts by the Georgia State Election Board to obtain 2020 election materials from the county.

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On Oct. 30, 2025, the complaint says, the U.S. attorney general sent a letter to the Fulton County Board of Registration and Elections “demanding ‘all records in your possession responsive to the recent subpoena issued to your office by the State Election Board.’ “

A Fulton County judge has denied a request by the county to block that subpoena.

Since the 2020 election, Fulton County has been at the center of baseless claims of election fraud by President Trump and others.

In November the sweeping election interference case against Trump and allies was dismissed by a Fulton County judge.

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