Top Crypto News Highlights from Last Week
Viral internet sensation Haliey Welch, aka Hawk Tuah Girl, faced backlash after her memecoin $HAWK crashed 90%, sparking accusations of a rug pull. Fake reports claimed she was arrested for fraud, but fact-checkers debunked the claims, confirming she faces lawsuits but no federal charges. Amid controversy, rumors suggest she's launching a new crypto project, though no official statement has been made.
JP Morgan’s latest e-trading survey shows that 71% of institutional traders have no plans to trade crypto in 2025, down slightly from 78% last year. While 30% are open to engaging with digital assets, skepticism remains high due to market volatility and regulatory uncertainty.
Cboe BZX Exchange has submitted 19b-4 filings to the SEC to list the first U.S. spot XRP ETFs for Canary Capital, WisdomTree, 21Shares, and Bitwise. With the SEC under acting chair Mark Uyeda, analysts anticipate more crypto ETFs, especially as issuers test regulatory openness. JPMorgan estimates XRP ETFs could attract $4-$8 billion in their first year, signaling growing crypto adoption in traditional markets.