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.
Gensler’s vote supposedly ensures the launch of a spot Bitcoin ETF in January, while the five commissioners are also set to vote on an Ethereum ETF this week.
The market is digesting the news that the SEC rejected the first batch of spot Ethereum ETF applications.
The Dencun hard fork has been completed on the Goerli, Sepolia and Holesky testnets, and the mainnet will be launched on Epoch 269568 (approximately March 13, 2024).
Golden Finance launches the 2238th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
SEC delays verdict on spot ETH ETF, adding to US crypto investment uncertainty. Delays align with market expectations, reflecting cautious regulatory approach. Investors urged to monitor developments closely.
The SEC's extension on the Invesco Galaxy Ethereum Spot ETF decision signifies a critical juncture in integrating cryptocurrency into regulated financial markets, balancing innovation with market integrity.
SEC delays decision on BlackRock's Ethereum ETF until March 10, mirroring past delays with Bitcoin ETFs. Ongoing skepticism, but potential for smoother approval suggested by pro-crypto voices. Regulatory landscape remains a crucial factor for issuers and investors.
Anticipation builds as SEC reviews spot Bitcoin ETFs, with major players like Grayscale and Fidelity in the lead. Market optimism reflects in Bitcoin's recent price surge. Decisions expected next week hinge on meticulous SEC reviews, potentially shaping the crypto market landscape.
The U.S. Securities and Exchange Commission (SEC) is yet to make a decision on the launch of spot bitcoin exchange-traded funds (ETFs), despite growing anticipation that drove Bitcoin's price above $45,000.
SEC delays decision on Grayscale's Ethereum Trust to Jan. 25, 2024, citing the need for thorough review and addressing concerns, impacting broader cryptocurrency ETF landscape.