US President Joe Biden plans to send a high-level delegation to Taipei after the election in Taiwan on Saturday, the US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds, and the Iran-backed militant group known as the Houthis are stepping up its attacks in the Red Sea.

Mentioned in this podcast:

Joe Biden to send delegation to Taipei after Taiwan’s election

Taiwan’s pivotal vote: China casts shadow over island’s election

SEC approves first spot bitcoin ETFs in boost to crypto advocates

Who are the Houthis?

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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What ETFs mean for bitcoin

FT News Briefing