Hey crypto fam!

Welcome back to another thrilling episode in the wild world of digital finance! We’re here to slice through the noise and serve up the juiciest blockchain insights—one bite at a time.

Here’s what’s on our radar today:

• Bitcoin reaches new all-time highs and surpasses 100k! 🚀

• U.S Bitcoin ETFs now hold more BTC than Satoshi Nakamoto. 💰

• Hailey Welch, known as the "Hawk Tuah" Girl, allegedly rug-pulled fans on a coin for millions of dollars! 😳

Buckle up, because it’s time to dive into the latest crypto craziness!

Bitcoin Breaks the Six-Figure Barrier!

Well, folks, it finally happened. Bitcoin smashed through the $100,000 ceiling like the Kool-Aid Man bursting through a wall. On Wednesday night, BTC hit a mind-boggling $103,844.05, leaving hodlers everywhere doing the happy dance.

Bitcoin's historic breakthrough to $100,000 is more than just a number—it's a testament to the cryptocurrency's remarkable resilience.

This isn't just another price surge; it's a phoenix-like moment for a digital asset that has been declared "dead" a staggering 474 times. Critics have repeatedly written Bitcoin's obituary, with CNBC alone publishing 35 different "Bitcoin is dead" articles over the years. From being called a "Ponzi scheme" to a "bubble ready to pop", Bitcoin has consistently defied expectations

The current rally is particularly impressive. Bitcoin has surged over 140% in 2024, climbing from just $69,374 on Election Day to its current stratospheric heights. What's driving this incredible momentum? A combination of factors, including potential crypto-friendly policies from the incoming administration and growing institutional interest.

Just two years ago, Bitcoin had dropped below $17,000 following the FTX collapse. Now, it's not just recovering—it's rewriting financial history. As one source poetically put it, Bitcoin continues to be "like a phoenix rising from the ashes", proving that in the world of digital finance, never say never.

U.S BITCOIN ETFS NOW HOLD MORE BTC THAN SATOSHI NAKAMOTO

Hold onto your hardware wallets, folks, because the U.S. Bitcoin ETFs just pulled off a Houdini-level magic trick! In less than a year since their launch, these financial newcomers have collectively amassed over 1.1 million BTC, surpassing the legendary holdings of Bitcoin's enigmatic creator, Satoshi Nakamoto.

Let that sink in for a moment. These ETFs, still in their crypto diapers, now hold more Bitcoin than the person (or persons) who invented it! It's like a bunch of toddlers out-bench-pressing Arnold Schwarzenegger.

Here's the scoop:

• U.S. spot Bitcoin ETFs now hold approximately 1,104,534 BTC

• That's about 5.62% of the entire Bitcoin market cap

• BlackRock's IBIT is the heavyweight champ, holding a whopping 521,375 BTC

This milestone isn't just a numbers game. It's a seismic shift in the crypto landscape. These ETFs are gobbling up Bitcoin faster than you can say "HODL," potentially reducing available supply and influencing market dynamics

But here's the kicker: while Satoshi's 1.1 million BTC have been collecting digital dust for over a decade, these ETFs are actively trading. It's like comparing a vintage car sitting in a garage to a fleet of Teslas zipping around the city.

HAILEY WELCH, KNOWN AS THE "HAWK TUAH" GIRL, ALLEGEDLY RUG-PULLED FANS ON A MEME COIN!

In a shocking turn of events, Hailey Welch, better known as the "Hawk Tuah" Girl, has allegedly pulled off a rug-pull that would make Aladdin jealous.

To make matters worse, the HAWK token was 100% unlocked at launch, meaning there were no restrictions on when investors could sell their tokens. This lack of lock-up period combined with a mere 3% allocation to the public market and a staggering 17% allocation to unlocked presale wallets set the stage for disaster.

Insiders wasted no time dumping their holdings right off the bat, cashing in on the initial hype. Blockchain analysis revealed that 285 wallets controlled 96% of the initial supply, and many of these privileged holders began selling their tokens almost immediately after launch. This coordinated sell-off resulted in profits exceeding $3 million for those early investors, while latecomers were left holding the bag as the token's value plummeted.

The $HAWK token, which initially soared to a market cap of $490 million, came crashing down to just $60 million in record time—leaving many investors devastated and questioning their trust in celebrity-endorsed projects. Welch and her team have denied any wrongdoing, claiming they "haven't sold one token," but with so many red flags waving, it’s hard for fans to believe they weren’t set up for failure from the start.

As this drama unfolds, it serves as a reminder: in the wild world of crypto, even your favorite internet personalities can sometimes turn out to be wolves in hawk's clothing. Always do your own research, and remember—if something seems too good to be true, it probably is!

And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.