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.
South Korea’s Financial Services Commission is easing restrictions on institutional crypto trading, starting with non-profit organizations, after the Virtual Asset User Protection Act passed in 2024. The country is also planning to introduce a 20% crypto tax in 2025 and explore crypto ETFs and security tokens to boost market participation.
Polymarket faces backlash for enabling bets on California wildfires, raising ethical concerns over profiting from disaster. To make matters worse, the emergence of AI deepfakes further spread misinformation. Is tragedy becoming entertainment?
Circle’s $1M USDC donation joins Ripple, Coinbase, Kraken, and Ondo Finance in boosting Trump’s inaugural fund, underscoring stablecoins’ rising role in politics. With top donors securing exclusive perks, who’s next to contribute?
Mastercard launched its Crypto Credential service in the UAE and Kazakhstan to simplify cryptocurrency transactions by using secure aliases instead of complex wallet addresses.
Nansen has teamed up with TON Blockchain, a high-performance Layer 1 developed by Telegram, to introduce advanced analytics tools that will enhance insights, drive innovation, and accelerate Web3 adoption. What new tools can we expect next?
Standard Chartered has launched digital asset custody services in Luxembourg, focusing on Bitcoin and Ether, to cater to institutional investors in Europe.
The US Senate Banking Committee, led by Senator Tim Scott, is set to establish the first-ever cryptocurrency subcommittee. This comes just before Trump’s inauguration, which is expected to launch pro-crypto regulatory initiatives.
Tether is expanding into AI filmmaking, hiring experts and planning to grow its team to 200 by mid-2025. The company is also investing in AI and cloud computing to enhance scalability and technology.
A UK court denied James Howells' bid to recover a hard drive with 8,000 Bitcoin buried in a Newport landfill, citing high excavation costs and environmental concerns. Mined in 2009, the lost Bitcoin is now worth over $750 million.
El Salvador continues to buy Bitcoin, including a recent purchase of 11 BTC, increasing its total holdings to over 6,000 BTC. President Bukele has also expressed interest in acquiring Bitcoin seized by the U.S. government, further solidifying the country’s commitment to cryptocurrency.