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

Collector Crypt launched a digital system on Solana where people can buy NFT packs linked to real graded Pokémon cards. Buyers can either keep the NFT or claim the actual card, bringing together digital collecting and physical items.
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.
Pumpfun will launch its PUMP token on 12 July, aiming to raise $600 million by selling 15% of its supply across its own site and Gate.com. Despite the hype, the platform’s revenue and user activity have dropped sharply, while rival LetsBonk is gaining ground.
North Korea-linked hackers stole $3.2 million in crypto from Solana wallets and moved the funds to Ethereum. They laundered nearly $2 million using Tornado Cash, with over $1 million still sitting in an Ethereum wallet.
Invesco and Galaxy filed for a Solana ETF, aiming to give investors regulated access to the SOL token. Another filing proposes a new ETF mixing memecoins and NFTs from the Pudgy Penguins collection, marking a first of its kind in the market.
Sol Strategies, a Canadian crypto investment firm, has applied to list on Nasdaq after heavily investing in Solana tokens and staking operations. Despite a recent $3.5 million loss, the company aims to raise more capital and grow its presence in the US market.
The SEC has asked Solana ETF issuers to quickly update their filings, speeding up the approval process with decisions possible within weeks. This includes allowing staking features, which could boost investor interest and confidence in Solana.
Dubai’s VARA has signed an MoU with the Solana Foundation to advance blockchain innovation and talent development. Despite this, SOL remains over 2% down in the past 24 hours and below its January peak although it saw a slight uptick during the recent Bitcoin-led market pullback.
The SEC raised legal concerns about new Ethereum and Solana ETFs that include staking rewards, saying they may not qualify under current investment rules. REX and Osprey must address these issues before the funds can launch.
For blockchain networks, revenue and profitability data sheds light on their economic performance and potential growth opportunities.
When more people start using L2, it could be a win-win for Ethereum and users.
Select four relatively popular Bitcoin L2 projects on the market: BEVM, Merlin, B² Network, and BounceBit for interpretation. What are the highlights and advantages?
BTC, Layer 2, how to define Bitcoin L2 and L2 Golden Finance from an inclusive perspective, how to define L2? Analyzed from both technical and ecological perspectives.
Layer 2, ETH, ETH L2 data at a glance Why are there fewer and fewer secondary market opportunities for L2? Golden Finance, “The more meat, the more wolves”
In the long run, I think the future of Ethereum will be a combination of "L1 blockchain + L2 system equivalent to L1 trustless" (hereinafter referred to as "L1+L2"), especially when ZK Rollup solves the problem of general intelligence After contract platform technology.
The competition in Alt L1 has become fierce. Near has launched a DA solution and Sui’s TVL has been rising. Only Ethereum is still unhurriedly upgrading its main network. Two major competition points have emerged in L2: parallel EVM and decentralized sequencer.
"I donated to both parties," FTX founder and former CEO Sam Bankman-Fried said in an interview with Tiffany Fong published Tuesday.
Sustainability can be simply defined as the protocol staying online, resilient to attacks, and usable under all conditions. It also needs to be relevant and keep up with contemporary needs, so to speak.