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Transcripts For BBCNEWS Asia 20240705



the new exchange traded funds this week. so when a tweet was posted from the sec gov account saying essentially that it was noteworthy, it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and that the regulator had not yet approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a graphic with a quote claiming to be from chair gensler. a second tweet that only said dollar sign btc bitcoin s ticker symbol, was also posted, then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news, then fell back down toward 16,000 with reality. tesla has lowered driving range estimates across its line up of electric vehicles. it comes as a new regulation takes effect in the us with the goal of ensuring that auto makers accurately reflect real world performance. according to a reuters investigation last ....

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