Top Stories of The Week
Hawk Tuah influencer speaks out after memecoin rug pull allegations
Haliey Welch, the influencer behind the viral “Hawk Tuah” video clip, has released a statement after a memecoin bearing her handle was pumped and dumped quickly after its December launch.
In a Dec. 20 X post, Welch said she was “fully cooperating” with lawyers who represented investors in the Hawk Tuah (HAWK) token.
The crypto users filed a lawsuit against the project’s creators and partners — Welch herself was not named as a defendant in the suit — alleging they engaged in the promotion and sale of an unregistered securities offering.
Cathie Wood foresees startup M&A surge, $1M Bitcoin under Trump
Cathie Wood, founder of ARK Invest, predicts a surge in mergers and acquisitions (M&As) will follow Donald Trump’s election and expects this influx to “support innovative strategies.”
In a Bloomberg interview, Wood said that US Federal Trade Commission changes could ease previously imposed regulatory barriers that stifled M&As.
Wood also reaffirmed her stance on Bitcoin, anticipating the cryptocurrency surpassing $1 million by 2030 and attributing the bullish sentiment to BTC’s fixed supply and scarcity compared to gold.
With high expectations for the upcoming Trump administration, Wood foresees a dual impact resulting in a boom for M&As among tech startups and a potential parabolic price movement driven by reduced regulatory friction.
Bankrupt Cryptopia exchange distributes $225M to hack victims
Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago.
Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.
Over the past two days, verified account…
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