Crypto Treasury Firms Go on $8B Buying Spree in Historic Week

Marti, a Turkish ride-hailing company, has put 20% of its cash into Bitcoin and plans to increase that to 50%. The move is part of a long-term plan to use crypto as a store of value while keeping its main business growing.
eToro has started offering tokenised US stocks on Ethereum and is planning to build its own blockchain. This would let users trade shares like crypto and use them in decentralised finance.
The US SEC has approved in-kind trading for Bitcoin and Ethereum ETFs, letting firms trade crypto directly instead of using cash. This change is expected to cut costs, improve trading, and make it easier for big investors to enter the crypto market.
Ozzy Osbourne’s NFT collection CryptoBatz saw a big jump in sales and price after news of his death. Trading volumes surged over 100,000% in one day, briefly raising the floor price to around $295.
JPMorgan is planning to let clients borrow money using crypto like bitcoin and ether as collateral. This comes as rules around digital assets in the US become clearer and demand from wealthy clients grows.
The SEC Chairman said Ethereum is not considered a security, which has encouraged companies to increase their Ethereum holdings. This clear regulatory view has helped boost Ethereum’s price and sparked more interest from investors and firms.
ChatGPT said: Shinhan Bank has added cryptocurrency tracking and educational tools to its SOL app, becoming the first South Korean bank to offer such services. The move signals growing acceptance of crypto in traditional banking, with plans to expand into crypto purchases and wallet management soon.
Vitalik Buterin urged developers to simplify Ethereum Layer 2 networks by using Ethereum’s base layer for security and consensus. He said projects should stop rebuilding features Ethereum already provides and focus only on processing and verifying transactions.
Standard Chartered has started offering bitcoin and ether spot trading directly to institutional clients through its UK branch. This makes it the first major global bank to provide regulated crypto trading using existing foreign exchange systems.
Will Hong Kong’s Slow Approach to Crypto Regulation Suppress Growth of Digital Assets?
With the end of the transition period for the licensing system for virtual asset trading platforms in Hong Kong on June 1, there are only two compliant licensed digital asset trading platforms left, one of which is OSL.
Although only two institutions have been officially licensed, the Hong Kong Securities and Futures Commission has also updated the list of 11 platforms that are "deemed to be licensed" and 6 platforms that are still on the application list.
Weng Xiaoqi said that after setting the risk control level, Hong Kong's virtual asset supervision will enter a new stage. Now the "steady and prudent period" of "steady and prudent development" has come to a temporary end and entered the development period. After all, development is the hard truth.
Hong Kong introduces strict regulations for OTC crypto trading to combat illicit activities. New measures include licensing framework and promotion of regulated exchanges, sparking industry feedback and concerns over compliance costs.
Bybit applies for a Hong Kong license, signaling strategic expansion and intensifying competition in the burgeoning Asian cryptocurrency market.
This article will provide an in-depth analysis of the three most important licenses for issuing virtual asset ETFs in Hong Kong.
SEBA received its in-principle approval in August, and has now received the full licence.
This shift has garnered considerable interest, especially when compared to the digital-asset crackdown in the United States. However, despite the enthusiasm, the city has yet to attract major investments from an industry still recovering from the market downturn last year.
Hong Kong will introduce a mandatory licensing regime for stablecoin issuers as early as this year.