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.
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.
Cambodia's central bank introduced new rules for digital assets, allowing banks to engage with tokenized assets and stablecoins but banning direct cryptocurrency holdings. Non-compliance could result in heavy fines, aiming to protect the financial system and consumers.
Backpack has acquired FTX EU for $32.7 million, aiming to offer regulated crypto derivatives in Europe, including perpetual futures. The company is working to reactivate FTX EU's licence and return funds to affected customers while expanding its services in the region.
Microsoft announced a $3 billion investment to expand its cloud and AI infrastructure in India, including setting up new data centers and training 10 million people in AI skills by 2030.
A Canadian man, who remains unidentified, says he has moved several times with his family to escape suspected kidnappers who allegedly tried to force him to surrender his Bitcoin.
Judge Katherine Failla approved Coinbase’s interlocutory appeal, citing inconsistencies in how courts define securities under the SEC’s jurisdiction. While the decision lets Coinbase challenge the SEC in the Second Circuit, is this a true victory or just a temporary delay?
Meta is replacing third-party fact-checking with a Community Notes model like X’s. Is it merely a strategic evolution, or did Mark Zuckerberg’s private meeting with Donald Trump influence the decision?
Johnny Depp warned fans about scammers using AI to impersonate him online, urging them not to share personal info or money. He clarified his official social media accounts and emphasised he does not offer paid interactions.
Lotte’s AI-driven Caliverse will integrate with a layer-2 network, enabling crypto transactions. A pending deal could cement Arbitrum as its primary blockchain provider.
A recent study found that most crypto advice on TikTok is misleading, with over half of videos promoting risky investments without proper warnings. Many influencers push specific coins, make unrealistic promises, and lack proper qualifications, putting viewers at high financial risk.
Ripple CEO Brad Garlinghouse’s meeting with Donald Trump at Mar-a-Lago signals a strong start to 2025, driven by legal victories and XRP optimism. Ripple CLO Stuart Alderoty also praised the beef bourguignon. With Trump’s ongoing meetings with tech leaders, what’s next on the menu and agenda?