Now we may see more manipulation to prepare the ground for regulation in these situations. After recent events, Gary Gensler could cite Cointelegraph's fake news and reject all ETF applications as proof of how easy it is to manipulate markets. ...
The recent volatile activity will have virtually no effect on the SEC's decisions, and by comparison fiat markets are far more open to manipulation.
Also 10% daily move up or down in crypto is pretty commonplace, it's not a big deal even for most people trading with leverage, experienced operators know that getting margin called is part of the game, should they choose to engage in leveraged trading...
The only party that is genuinely at fault here is cointelegraph, which lost a lot of credibility after spreading the fake rumor...