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.
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.
Luxury brands and businesses like Printemps, S.T. Dupont, and Virgin Voyages are now accepting Bitcoin as payment, driven by its record value of over $108,000. This shift highlights growing interest in cryptocurrency for high-end purchases despite challenges like consumer education and regulatory barriers.
Italy’s privacy regulator has mandated OpenAI to run a six-month campaign to educate users on ChatGPT’s data collection practices, following an investigation into its AI model.
Japan's Fair Trade Commission plans to issue a cease-and-desist order against Google for using its market dominance to stifle competition. The investigation focuses on claims that Google forced manufacturers to pre-install its apps and excluded rivals through revenue-sharing deals.
Barefoot Investor Scott Pape exposed crypto scammers using his identity to deceive followers. Instead of waiting for Facebook to act, he engaged directly with the fraudsters, uncovering tactics like a fake "professor" promoting bogus trading signals to dupe investors.
South Korea and the U.S. have joined forces to develop technologies to prevent cryptocurrency theft, especially targeting North Korean hackers responsible for large-scale heists. The partnership includes research, tracking stolen assets, and tightening sanctions against networks aiding cybercrimes.
Singapore has become a top crypto hub in 2024 by issuing more licenses and offering clear, supportive regulations, attracting major global players. In contrast, Hong Kong faces delays and restrictive policies, causing challenges for its crypto industry.
Are North Korean hackers targeting Hyperliquid? While researchers suggest so, Hyperliquid Labs denies any exploit, assuring funds are secure as the HYPE token recovers. Are community fears justified?
Crypto.com launched a CFTC-regulated trading feature in the U.S. that lets users predict sports outcomes, starting with the Super Bowl. To celebrate, it offers $1 million in rewards and new user bonuses.
In 2023, the wallet provider suffered a $100 million hack, leading to lawsuits. It is now among several crypto firms banned from operating in Malaysia.
Do Kwon’s appeal against his extradition to South Korea has been rejected by Montenegro’s Constitutional Court, reaffirming claims by the US and South Korea. With legal options narrowing, what defense strategies remain for the Terraform Labs co-founder?