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.
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Is the decision politically motivated? What does this mean for the future of Ethereum? Will other leading blockchains benefit as well?
If an ETH ETF gets the green light, changes in the regulatory and political landscape could increase the chances of approval for the Solana ETF.
QCP said the forecast reflects the market reaction after the Bitcoin ETF spot was approved in January.
The big positive lines of BTC and ETH illuminated the market and brought hope to the cryptocurrency circle.
The market is digesting the news that the SEC rejected the first batch of spot Ethereum ETF applications.
On April 15, China Asset Management (Hong Kong) Co., Ltd., Harvest Global Asset Management Co., Ltd., and Bosera Asset Management (International) Co., Ltd. announced that they had obtained approval from the Hong Kong Securities and Futures Commission to issue ETF products that invest in Bitcoin and Ethereum spot.
After three days of trading, Bitcoin ETF volume is approaching $10 billion. Bitcoin is rising like never before and we are about to witness institutional FOMO reaching unprecedented levels.
QCP Capital report suggests Ethereum may outperform Bitcoin with the potential approval of an ETF. Market dynamics, including the 2024 US election and recent Bitcoin ETF approval, contribute to the evolving crypto narrative.
Hong Kong's Securities and Futures Commission and the Monetary Authority unveil guidelines for spot crypto ETF approval, emphasizing regulatory alignment, issuer qualifications, and collaboration with approved exchanges. These developments reflect Hong Kong's proactive approach to crypto regulation, aiming to meet global standards and protect investors.