cryptocurrency bitcoin price
Cryptocurrency bitcoin price
Scott Armstrong was reacting to online comments by Welch, an internet personality, after the crash of the Hawk Tuah memecoin, which lost more than 95 percent of its value in a single day when it was launched on December 4 https://online-casinos-usa.org/. A memecoin is a type of cryptocurrency that is typically launched on the back of a popular internet meme or recurring joke.
The suit includes a dozen plaintiffs who claim to have collectively lost more than $150,000. It alleges that the defendants “leveraged Welch’s celebrity status and connections” and “created a speculative frenzy” in order to jack up the coin’s price as trading began, luring in “first-time cryptocurrency participants” who were drawn to the project as fans of Welch. The complaint contends that Schultz and So violated securities laws, and even indicated their efforts to skirt those laws on the Spaces call. It notes, too, that $HAWK was never registered with the SEC.
«I probably should have looked into him a little bit more,» she added, before alleging that she was left ‘suspicious’ on $HAWK token’s launch day as the guy was a ‘little bit weird’, the viral star went on to say
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The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.
On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.
“Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter. “I have already signed legislation this session which allows the state to utilize cryptocurrency without placing general fund dollars at risk,” she added.
Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.
That decision followed her veto of Senate Bill 1025 — the more ambitious “Arizona Strategic Bitcoin Reserve Act” — on May 3. It would have authorized up to 10% of the state’s treasury and retirement funds to be invested in Bitcoin and other digital assets.
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This has led some, including YouTube cryptocurrency investigator Coffeezilla, to accuse Ms Welch of scamming investors with a «pump and dump» — where the people behind a coin hype up its price before launch, then sell it for profit.
OverHere went on to say someone who is known as Doc Hollywood «controlled all decisions, fees, treasury» and he charged «15 per cent trading fees (none to overHere), silent during market chaos and ignored calls for transparency».
«Unfortunately with situations like this, they’re not targeting crypto bros, they’re mostly targeting actual fans who have never been involved in the crypto space before,» he said in a video viewed more than 1.4 million times.
Welch, who became an internet sensation in mid-2024 after a viral street interview about bedroom techniques, had been under investigation following the dramatic rise and fall of the meme cryptocurrency associated with her persona.
The lawsuit did not directly name Welch, but instead claimed her social media following had been used to market the coin by defendants including Tuah The Moon Foundation, which oversaw the memecoin’s finances; OverHere Ltd, which created the coin; Clinton So, executive at OverHere; and the coin’s promoter Alex Larson Schultz.