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Haliey Welch, better known as the “Hawk Tuah girl,” has claimed the U.S. Securities and Exchange Commission (SEC) has closed its investigation on her and the HAWK meme coin without pursuing any enforcement actions. However, the SEC themselves have not commented or confirmed this claim. The assertion follows the HAWK token’s meteoric rise to a reported $500 million market cap before crashing below $60 million, causing significant losses for many investors and attracting regulatory attention. Welch announced the alleged probe closure via comments made to TMZ. Welch told TMZ , “For the past few months, I’ve been cooperating with all the authorities and attorneys, and finally, that work is complete.” Welch’s assertion that she faces no legal consequences related to the HAWK token’s dramatic boom and bust has drawn controversy within the crypto community. Many have now questioned how Welch can walk away without legal consequences despite the financial losses faced by investors. Critics argue that the situation shows a gap in regulatory oversight, especially when it comes to high-risk projects like meme coins. Welch’s lawyer James Sallah added, “The SEC closed the investigation without making any findings against, or seeking any monetary sanctions from, Haliey. Because they did not bring any action against her, there are no restrictions on what she can do in regards to crypto or securities in the future.” Related: Black Friday for Longs? $253 Million Wiped Out in 24 Hours over Binance News Legal analyst James Murphy (known online as “MetaLawMan”), suggested that if the SEC probe was closed without action, it wouldn’t necessarily be surprising. Meme coins are generally not classified as securities, which means the SEC doesn’t have jurisdiction over them. He said that the agency is focusing on its core responsibilities, and if fraud was involved, it could be investigated by criminal prosecutors or state consumer protection agencies. For background, the SEC itself recently clarified that most meme coins don’t meet the criteria for investment contracts it regulates, based on established Supreme Court precedent. Related: Gemini, Binance Breach Claims Surface: Is Your Crypto Account Data at Risk? While Welch and her lawyer claim the SEC matter is concluded favorably for her, the absence of official agency confirmation leaves the final status unclear. For now, Welch remains free of legal trouble, leaving the HAWK saga as yet another controversial chapter. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The cryptocurrency market took a sharp downturn this week. The move appears linked partly to large Bitcoin transfers emerging from wallets associated with the defunct Mt. Gox exchange, combined with rising concerns about a possible US recession. These factors reportedly contributed to increased selling pressure among some traders and investors. Blockchain analytics firm Arkham Intelligence flagged significant Bitcoin movements related to Mt. Gox holdings on March 25. Tracked on-chain transactions showed approximately 893 BTC (valued around $78 million at the time) moved to a known cold wallet associated with the estate. Additionally, a much larger sum of about 10,608 BTC (worth roughly $929 million) was sent internally to a Mt. Gox ‘change wallet’. This marked the third such large transfer within a month from wallets tied to the long-collapsed exchange, further raising concerns about the potential market impact. Mt. Gox is slowly progressing through its years-long process of settling debts with creditors, and investors worry that a large influx of these formerly locked coins eventually hitting the open market could trigger significant sell-offs. Related: Mt. Gox Moves $228M in BTC, Will This Impact Bitcoin’s Price? Beyond the Mt. Gox supply overhang concerns, broader economic uncertainty has added pressure to risk assets, including crypto. Recent public comments from U.S. President Donald Trump regarding the possibility of an economic recession reportedly increased investor anxiety across markets. The administration’s discussion of new tariffs on imports from key trading partners like Canada, Mexico, and China also weighed on sentiment, primarily due to fears of heightened global economic instability and potential inflationary effects. While Trump has also expressed support for digital assets historically – suggesting regulatory measures to support crypto growth and proposing a strategic Bitcoin reserve – his concurrent tariff talk creates conflicting signals for macro-sensitive markets. Adding further context is the ongoing, though fluctuating, correlation between Bitcoin and traditional risk assets like tech stocks. According to financial strategist Inky Cho, Bitcoin’s price correlation with the Nasdaq composite index currently stands near 40%. However, Cho and other market observers note different behaviors potentially emerging between Bitcoin and the broader altcoin market. Related: Bitcoin Parks Near $87K, Shrugs Off Trump’s US Tariff Speed Bump While Bitcoin is increasingly viewed as a hedge against economic instability and tariffs, altcoins remain closely tied to the performance of tech stocks in the Nasdaq. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitcoin is again in the spotlight now with the “death cross”—a chart pattern that happens when Bitcoin’s short-term moving average (like the 50-day) crosses below its long-term moving average (as in the 200-day). This pattern is often seen as a bearish signal. On top of that, there’s also the looming issue of tariffs set to take effect on April 2nd, which could affect market sentiment, including Bitcoin’s performance. However, not everyone is sold on all the bad news. Crypto analyst Evan Aldo explained that the death cross might not be as negative as it sounds. It could be a sign that Bitcoin is about to bounce back. Looking at a chart shared by Benjamin Cowen, he said that this pattern has historically marked the bottom of the market, meaning Bitcoin could be on the edge of a big recovery. Even with current downward pressure, he believes if Bitcoin’s price dips toward the $77,000-$79,000 area, it should find substantial support there. A rebound is expected soon, with Bitcoin possibly reaching $119,000 to $120,000 by the summer. By the end of the year, Bitcoin could hit as high as $150,000, fueled by strong market momentum and investor interest. However, a drop below $75,000 would be a red flag. The biggest concern would be if the price falls below $70,000, which would be a huge drop compared to previous market corrections after Bitcoin’s halving events. Historically, Bitcoin has corrected around 30-35% after such events, so anything beyond that could signal deeper trouble. Markets took a major hit this Thursday after President Donald Trump announced new tariffs, including a 25% levy on auto imports from Canada and potential tariffs on the EU if they collaborate against the U.S. economy. Cryptocurrencies like Bitcoin, Ethereum (ETH), and Ripple (XRP) dropped over 5%. Bitcoin, often seen as a hedge against traditional market risks, wasn’t immune to the sell-off. Experts predict that the tariffs, aimed at boosting the U.S. economy, might actually strain global markets, leading to more volatility in both traditional assets and digital currencies like Bitcoin. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

As the broader market consolidates, analysts are closely watching five specific tokens: XRP, Chainlink (LINK), Hedera (HBAR), Celestia (TIA), and Telcoin (TEL), as each displays distinct chart patterns near key inflection points. This report breaks down the current technical picture for these assets. XRP entered a bearish phase recently. Its Relative Strength Index (RSI) fell below 40, nearing oversold territory. The token lost the crucial $2.34 price level and subsequently broke below its 20-day Exponential Moving Average (EMA) – currently around $2.17 – confirming short-term bearish control. At press time, XRP trades near $2.12. The $2 psychological level now acts as critical nearby support. If buyers fail to defend this zone, a deeper price correction could follow towards lower historical support levels like $1.95. Related: Major Liquidity Event: $320M+ Token Unlocks To Reshape Altcoin Market This Week Chainlink (LINK) lost the $14 price level earlier and now trades around $13.98. Recent price action shows LINK breaking below support at the middle Bollinger Band (near $14.14). Widening Bollinger Bands currently indicate rising volatility for the asset. The next significant technical support lies at the lower Bollinger Band, situated near $12.55. For a convincing bullish reversal, LINK first needs to reclaim the mid-band around $14.14 before potentially targeting higher resistance levels. Related: XRP ETF News, ETH Upgrade, AI Hype: April Looks Big for These 4 Altcoins HBAR declined roughly 4.2% over the past 24 hours, trading near $0.1760. Fibonacci retracement analysis places HBAR near a key support zone based on its prior uptrend. If this support area breaks decisively, the next technical downside target sits near $0.1650. This level corresponds to the important 61.8% Fibonacci retracement mark. Conversely, if buyers successfully step in here, HBAR could aim for a rebound back towards the $0.19 resistance area where sellers previously took control. Celestia (TIA) experienced a sharp downturn recently, falling about 8.4% to trade near $3.32. The price currently struggles below its 20-day EMA (around $3.47). This suggests difficulty regaining short-term bullish momentum. Adding to technical concerns, the On-Balance Volume (OBV) indicator reflects declining buying pressure, potentially indicating weak underlying demand at current levels. If TIA fails to reclaim the 20-day EMA soon, further declines testing the $3 psychological support level appear possible based on the chart structure. Telcoin (TEL) also faced a significant downturn, dropping over 9% to trade near $0.005137. Current price action actively tests the lower Bollinger Band support level, found around $0.004913. Trading near or below the lower band often suggests potentially oversold conditions, which can sometimes precede a short-term price bounce. However, if sustained weakness pushes TEL conclusively below this band, the next clear chart support appears near $0.0049. Should buyers re-enter, TEL could see an attempted recovery towards the Bollinger Band mid-line, currently situated near $0.0057. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The Federal Deposit Insurance Corporation (FDIC) clarified its stance on crypto-related banking activities Friday, drawing praise from industry leaders like Cardano founder Charles Hoskinson. The US banking regulator announced it rescinded FIL-16-2022. This 2022 policy had required FDIC-supervised institutions to first notify the agency before engaging in digital asset services. The FDIC’s new guidance effectively allows these banks to now offer approved crypto-related services without seeking prior agency permission, a change seen as potentially encouraging more institutional participation in the space. Related: Ripple CTO Slams FDIC’s Crypto Roadblocks Amid Coinbase Court Revelations On March 28, the FDIC announced the rescission of FIL-16-2022, a policy issued in April 2022 that required banks under its supervision to notify the agency before engaging in crypto activities. The new guidance confirms that banks may participate in such activities as long as they effectively manage the associated risks. While the prior notification requirement has been removed, banks are still expected to conduct crypto-related operations in a safe and sound manner. They must adhere to regulations concerning market risk, liquidity, cybersecurity, and anti-money laundering compliance. The FDIC emphasized that financial institutions should work closely with their supervisory teams when navigating digital asset services. Related: Senate Votes to Repeal IRS DeFi Crypto Broker Rule in Bipartisan Victory for Industry Notably, the FDIC’s updated approach could reduce friction for banks looking to integrate crypto services and accelerate adoption within the traditional banking sector. Cardano founder Charles Hoskinson echoed this sentiment in his remarks. “This is a major step forward and a big win for crypto,” he said. “Wow! Banks can now touch crypto without groveling for approval? How generous,” said Teddy Paulus, a Bitcoin advocate. Notably, the FDIC’s decision also aligns with broader regulatory easing for crypto businesses. The agency plans to issue further guidance in collaboration with other U.S. financial regulators. In January, the SEC repealed the controversial crypto accounting rule, Staff Accounting Bulletin 121 (SAB 121), replacing it with SAB 122. SAB 121 required financial institutions holding crypto assets for customers to list them as liabilities on their balance sheets, which was criticized for complicating crypto custody and hindering innovation. Related: SEC Loosens SAB 121 Rules, Paving the Way for Banks to Enter Crypto Custody Market Meanwhile, earlier this week, U.S. Senators voted 70-28 to repeal a controversial IRS rule that imposed heavy tax reporting requirements on decentralized finance (DeFi) protocols. The rule would have required DeFi projects to report user transactions like traditional brokers, raising concerns about privacy and feasibility. The resolution now moves to President Trump for approval. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.