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.
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.
MuesliSwap, the Cardano-based decentralized exchange, faces growing discontent among users over prolonged delays in launching the refund claim site.
Bitdeer Technologies Group, a Singapore-based crypto mining platform, has marked a significant milestone by becoming the preferred cloud service provider (CSP) in the Nvidia partner network. This strategic move places Bitdeer at the forefront of AI development in Asia, providing customers access to the cutting-edge NVIDIA DGX SuperPOD with DGX H100 systems through its upcoming Bitdeer AI Cloud.
Microsoft briefly restricted ChatGPT access due to a security glitch, swiftly rectifying the incident and highlighting the complex AI landscape and global efforts to address evolving risks.
Moisés Zamora, the creative force behind Netflix's "Selena: The Series," is steering away from the conventional avenues of Hollywood, embracing a groundbreaking move into the world of NFTs.
Asset management giant BlackRock is set to venture into the Ethereum landscape with plans for an exchange-traded fund (ETF) focused on the cryptocurrency.
In a legal win, the head of Upbit's operator, Dunamu, was declared not guilty by South Korea's Supreme Court in a case involving alleged data manipulation. The charges, related to fake accounts and order volume manipulation, were unanimously dismissed by all three courts, citing "illegal methods" used by prosecutors to obtain evidence. Upbit's success in dominating 80% of South Korea's crypto market is attributed to strategic partnerships, including one with neobank K Bank, streamlining account openings in adherence to regulations.
SC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.
Judge Martin Glenn, of the Southern District of New York Bankruptcy Court, has given the nod to Celsius Network's reorganization plan
Bitwise Co-Founders Charged by US Attorney and SEC for Alleged $100M Investor Fraud, Accused of Fabricating Financial Information to Secure Funding.
Made as a memecoin, there is no immediate utility for the token, which makes its rise, together with other more familiar memecoins like DOGE and PEPE, particularly interesting.