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.
2023 saw a significant decrease in cryptocurrency hacks, due to improved security, law enforcement, and industry collaboration.
South Korean authorities have apprehended 49 individuals and frozen £12 million in assets in connection with an alleged international cryptocurrency fraud ring. The group is accused of running a fake cryptocurrency investment platform that attracted investors from abroad, resulting in losses of over £11.5 million for at least 253 victims, highlighting ongoing concerns about cryptocurrency fraud in South Korea.
Amidst a surge in Crypto hacks, CFPB takes proactive steps with regulatory measures to protect consumers.
From Ronin to Atomic Wallet, North Korean hackers have attacked many crypto companies and institutions. But what lies behind the string of attacks?
Attacks came mainly from logic exploits in smart contracts, oracle manipulation, and privilege exposure attacks.
Throughout June, four projects encountered security breaches, scams, and rug pulls. These incidents occurred in the final week of the month, affecting Shido, Ichioka Ventures, an unnamed company claiming to identify dogs by their nose wrinkles, Chibi Finance, and Biswap.
Coinbase’s stock jumped Wednesday following news that the cryptocurrency exchange had reached a $100 million settlement with the New York Department of Financial Services.
The bankrupt crypto lender’s new CEO told the judge Celsius Mining has approximately 40,000 mining rigs.
In the first half of 2022 alone, bad actors netted a staggering $1.9 billion in crypto hacks; up 60% from the year before.
According to a report published on Tuesday by blockchain analysis company Chainalysis, a remarkable $1.9 billion worth of bitcoin was ...