Interestingly, Haliey Welch was not listed as a defendant in the lawsuit and her most recent response may explain why. HAWK Memecoin Investors File Suit Disgruntled investors will finally have their day in court after buying the HAWK memecoin on December 4, only to see it implode and lose more than 90% of its value
Shiba Inu has entered into a strategic partnership with Chainlink, according to a press release published in SHIB Magazine. This alliance will see Shibarium, Shiba Inu’s layer-2 (L2) blockchain network, integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical infrastructure for cross-chain communication, alongside the adoption of the Cross-Chain Token (CCT) standard for its native assets SHIB, BONE, and LEASH. What The Shiba Inu And Chainlink Means “We’re excited to announce that Shiba Inu and Chainlink are partnering to grow the Shiba Inu ecosystem,” reads the official press release. “Shibarium has integrated the Chainlink standard for blockchain interoperability as its canonical cross-chain infrastructure.” The move enables Shiba Inu ecosystem assets to be deployed across 12 blockchains. Shibarium is built on top of Ethereum with a focus on scalability, speed, and cost efficiency. By adopting the CCT standard, the Shiba Inu ecosystem can now facilitate token transfers using a “lock-and-mint” mechanism for bridging from Ethereum and a “burn-and-mint” mechanism for cross-chain transfers beyond Ethereum. These approaches aim to ensure a controlled, secure, and verifiable means of moving value across multiple networks, all underpinned by Chainlink’s CCIP. Johann Eid, Chief Business Officer at Chainlink Labs, emphasized the importance of the partnership in expanding cross-chain capabilities for Shibarium. “We’re excited to enter a partnership with Shiba Inu and grow its ecosystem together,” Eid stated. “The integration of Chainlink CCIP as Shibarium ’s canonical cross-chain solution and Shiba Inu’s adoption of the CCT standard will enhance its capabilities and drive wide adoption of its ecosystem.” Kaal, a Shiba Inu core developer, underscored the significance of adopting CCIP and the CCT standard: “Partnering with Chainlink, we’re not just choosing an industry standard—we’re setting a bold new course for the Shiba Inu ecosystem. By integrating CCIP and the CCT standard, SHIB, LEASH, and BONE will, for the very first time, span multiple chains with unparalleled security, reliability, and inbuilt burn mechanisms.” From a technical perspective, Chainlink’s CCIP is designed to provide decentralized cross-chain messaging, secure token transfers, and programmability. The protocol’s security model leverages Chainlink’s decentralized oracle networks (DONs) to safeguard tokens and data as they move across chains. According to the release, Chainlink’s infrastructure has historically secured over $75 billion in DeFi total value locked (TVL) at its peak and facilitated more than $17 trillion in on-chain transaction value since the start of 2022. In addition, Shiba Inu will also integrate Chainlink Data Streams for premium, high-frequency, low-latency market data. “Chainlink Data Streams supply premium high-frequency data with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed,” the press release states. The objective is to enable more sophisticated decentralized finance (DeFi) applications on Shibarium, potentially attracting traders and liquidity providers seeking reliable, transparent data feeds. As detailed in a related article by SHIB Magazine, the overarching vision behind this move is to create a more dynamic, interconnected blockchain environment. By leveraging Chainlink’s CCIP, Shibarium aims to connect with a broader “crypto universe” and facilitate the secure transfer of its ecosystem tokens across multiple chains.Notably, this cross-chain expansion also introduces a deflationary mechanism through which transaction fees across various supported chains are consolidated and utilized to “burn” tokens, potentially influencing the tokenomics of SHIB, BONE, and LEASH over the longer term. Chainlink’s CCIP capabilities, including arbitrary messaging and programmable token transfers, allow developers to build cross-chain-native applications that can handle NFTs, lending protocols, and other data-driven functionalities. This technological convergence represents a bid to transform Shibarium from a single-chain solution into a robust, multi-chain network that can host diverse and sophisticated DeFi markets. The ultimate impact of this multi-chain expansion will depend on developer adoption, user engagement, and the broader DeFi market’s response. While the outcome remains to be seen, the partnership’s stated goal is clear: to foster innovation, encourage widespread adoption of Shibarium’s tools, and establish the Shiba Inu ecosystem as a pioneering force in cross-chain interoperability and decentralized finance. As Kaal noted, “This milestone paves the way for more innovative multi-chain applications, driving broader adoption and igniting a new era of growth and possibility for the Shiba Inu ecosystem.” At press time, SHIB traded at $0.00002218.
Hailey Welch has sent out a message on X weeks after going silent. Welch, of the famous Talk Tuah podcast, disappeared from social media after rug-pulling the HAWK token on live stream. Hailey Welch has responded to warnings about a class action lawsuit for rug-pulling the HAWK token. In the past 24 hours, court filings surfaced that represented claims on behalf of buyers of the HAWK meme token. After almost a day of waiting, Welch responded with a message that she was fully committed to cooperating with legal representatives and compensating the buyers of her meme token. I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the… — Haliey Welch (@HalieyWelchX) December 20, 2024 Welch herself does not admit to a direct fault and has asked victims to contact Burwick Law, the first firm that advertised its willingness to represent HAWK token buyers. Burwick Law is generally open to pursuing meme tokens and NFT fraud, taking special interest in the HAWK token case. Burwick Law has denied representing Welch, instead pointing out its goal of achieving compensation and the best outcome for all involved parties. The token itself was launched by the Tuah The Moon Foundation, registered in the Cayman Islands. The HAWK token was not a simple launch and involved multiple parties that could have exerted control over the token. The HAWK token and the influence of Welch had another unexpected effect. Polymarket carried a small betting pair on Welch returning to X and tweeting before December 20. Just in time, Welch delivered, immediately resolving the betting market. One account bought 18,936 ‘yes’ tokens just minutes before Welch tweeted, though at that time the price rose to $0.927. Thus, the biggest buyer still had limited success. For other holders, the market spiked from $0.41 to $1 for the ‘yes’ token. The timing of the big purchase for ‘yes’ tokens led to more speculations of insider activity. HAWK token is still held by a cabal of wallets Welch, who became famous for a short Internet clip, released the HAWK meme asset while controlling most of the supply. The community was warned by BubbleMaps and other analysts that HAWK worked as a celebrity coin and was at risk for insider control. While Welch kept most of her content light and to the point, her Internet influence was immense. This led to outsized investments into the HAWK token. In some cases, meme tokens linked to celebrities have survived longer without a rug pull. In this case, it is yet unclear who initiated the sell-off, which ended up draining all of the token’s liquidity. HAWK trades at an extremely low rate, sinking to $0.00092. The token has only $893K in liquidity locked, an extremely low tier for a widely known asset. Before the rug pull, HAWK found its way into 12,724 wallets. The top wallet still carries more than 28% of the supply. Just before the launch, 96% of the supply was linked to a cluster of connected wallets, which went on to sell to the community. The initial sale drained the liquidity too fast, leaving the token to crash. Despite the token’s high profile, no community has claimed it as its own. This is mostly due to the rapid rug pull, which still left a cabal of large-scale wallets controlling the supply. Meme tokens, however, are never really defunct. Soon after the news of Welch offering redress, HAWK started climbing, rising to $0.00099. The token may yet revive given the extra publicity. Within minutes, traders injected around $100K in liquidity, which started to move the price in the green after two weeks of stagnation. Within minutes, buy orders in the thousands of dollars started flowing into the market, aiming to make use of its rock-bottom prices. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
UPDATE: Will NFT marketplace OpenSea finally launch a token? A new OpenSea Foundation appears to be teasing OCEAN.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rollblock presale soars past $7.3M, sparking FOMO among Solana and Dogecoin holders. Table of Contents Rollblock: The blockchain casino movement poised for 880% returns Can Solana break resistance with the new Bitwise partnership? Can dogecoin finally hit $1 in 2025? Early Rollblock backers have seen massive returns The crypto world is buzzing as Rollblock , a new presale sensation, captures the attention of Solana (SOL) and Dogecoin (DOGE) holders. Recent updates have fueled massive FOMO, drawing investors eager to capitalize on its unique potential. Positioned as a game-changer in decentralized finance, Rollblock is setting the stage for innovation and high returns. With its growing momentum, early adopters are rushing in. Rollblock has raised over $7.3 million so far. Rollblock: The blockchain casino movement poised for 880% returns Rollblock is transforming online gambling by bringing the excitement of a Vegas casino into the homes of its fast-growing user base. Founded on blockchain technology, the platform promises safe, transparent, and fair gaming. Over 22,000 users have joined up, playing over 7,000 games including blackjack and new AI games. Rollblock attracts investors because it concentrates on transparency and trust. Unlike traditional online gambling platforms, Rollblock uses Ethereum-backed security to offer provably fair odds. Every transaction is encrypted on-chain, ensuring users’ personal information and bets are protected from third-party interference. To further reward its community, Rollblock offers an enticing revenue-sharing model. Long-term liquidity providers earn weekly passive income with staking rewards up to 30% APY. These rewards are given by the platform via buyback and burn, which deflates the RBLK token and pushes its value higher as time passes. You might also like: DeFi ecosystem for BTC, says Hoskinson; Rollblock early backers to take advantage Can Solana break resistance with the new Bitwise partnership? So l ana reached $263 on November 22 but dropped to $203 last week. Since October 10, it had been moving within an upward parallel channel, occasionally spiking higher. While it made several attempts to break its all-time high, it couldn’t sustain momentum and slipped back into the channel. Eventually, the price broke below the channel’s support, hitting $203. On the investment side, Bitwise introduced a new Solana Staking ETP (BSOL) in Europe to address the lack of staking rewards from its earlier product, ESOL. BSOL now offers a 6.48% staking reward, surpassing the 5.49% offered by 21Shares. Meanwhile, Bitwise has also filed for a spot Solana ETF in the U.S., but approval remains uncertain. Solana’s next major target is $300, but it first needs to break resistance at $222 and regain $263 before making any real progress. Presently trading for $215.32, interest is developing with open interest rising 2.25% to $5.34 billion. These levels are now being watched by analysts to find out if Solana can kickstart its march upward. Can dogecoin finally hit $1 in 2025? Throughout the 2021 bull run, Dogecoin surpassed a record high of $0.74 in May and stayed well short of the $1 milestone. Though its price has pulled back since that time, most are hopeful the 2025 bull market will push it over that psychological barrier. Excitement continues to grow since Elon Musk had taken over Twitter (X) and also speculated that Dogecoin might be used to pay for products offered by the platform. This possible integration has revived interest in Dogecoin, which remains the #1 meme coin and a top contender for 2025. Despite the resuscitated interest, Dogecoin’s short-term performance has been patchy with the coin sliding 3% in the last day to $0.387. Nevertheless, investors are paying attention to Dogecoin very carefully, focusing on its future potential. Early Rollblock backers have seen massive returns Rollblock is now a hot topic among early backers who have gained over 300% since the project launched some months ago. Currently priced at $0.0415, Rollblock is capturing the attention of savvy traders, including whales, during stage 9 of its presale. Analysts predict up to 880% returns for early investors before the token’s launch, with the potential for 100% returns by early 2025. Rollblock’s mix of centralized convenience and decentralized security makes it one of the hottest investment opportunities in crypto today. For more information, visit the Rollblock presale website and join the online community. Read more: Amid market correction, ETH, TON traders see benefits of Rollblock’s deflationary crypto Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Rollblock presale soars past $7.3M, sparking FOMO among Solana and Dogecoin holders. #partercontent
Haliey Welch, popularly known as “Hawk Tuah girl”, finally resurfaced two weeks after her Solana meme coin crashed 95% minutes after launch
Haliey Welch, popularly known as the “Hawk Tuah girl,” finally resurfaced two weeks after her Solana meme coin crashed 95% minutes after launch. After 333 hours of sleep, Welch took to X to announce her cooperation with a U.S. federal lawsuit seeking legal recourse for 12 American residents impacted by the failed Hawk Tuah meme coin. Welch released a social media statement less than 24 hours after legal firm Burwick Law filed the suit on Dec. 19. This marks the first time Welch has spoken publicly since Dec. 5. I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter. Haliey Welch on Hawk Tuah meme coin You might also like: Hawk Tuah Hailey Welch sued over $50m meme coin debacle Per crypto.news, crypto-centric Burwick Law filed a lawsuit on behalf of plaintiffs allegedly affected by the Hawk Tuah meme token launched by Welch and her team. Court documents state that 12 individuals collectively lost approximately $150,000 investing in the celebrity meme coin. Hawk Tuah surged to a $500 million market cap shortly after its Solana (SOL) debut before plummeting by over 95% to a $50 million market cap. Welch, the public face of the token, claimed she and her team had not sold a single token. However, data from Bubblemaps challenged her statement, revealing that insiders controlled 96% of the token’s supply. X community notes on at least three of Welch’s tweets also highlighted evidence suggesting that insiders were gradually dumping tokens on buyers. Welch and her team went silent for over two weeks, likely overwhelmed by angry investors demanding answers and accusing the project of being an exit scam. Welch allegedly pocketed $50 million from the project. Copy and pasting: Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG Fee’s have now been dropped pic.twitter.com/E7xN9VmCrx — Haliey Welch (@HalieyWelchX) December 4, 2024 Read more: Bitcoin’s sub-$100k fall triggered $1.4b in liquidations
The US Court of Appeals sets critical dates for the Ripple lawsuit. Bradley Sostack must submit key documents by specified deadlines. Continue Reading: US Court Schedules Key Dates for Ripple Case The post US Court Schedules Key Dates for Ripple Case appeared first on COINTURK NEWS .
Transak has made headlines by adding 11 meme coins, underlining community engagement as a crucial criterion for selecting emerging cryptocurrencies. The addition aligns with recent trends observed on leading exchanges