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.