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.
DeFi Technologies acquires key Solana Trading System IP to bolster its DeFi initiatives, pending regulatory approval.
Indian financial regulators, led by the Reserve Bank of India, remain cautious about integrating cryptocurrencies, citing limited benefits and concerns about volatility. While favouring Central Bank Digital Currencies, policymakers navigate a delicate balance between innovation and safeguarding economic stability.
AlgosOne.ai transforms retail trading by making advanced AI accessible, simplifying trading, and offering strong potential returns.
A trader turned $900 into $3.47 million in five days by trading Solana's meme token ANALOS, achieving a profit over 3,800 times their initial investment.
Ripple Labs Singapore emerges as a major creditor in FTX bankruptcy with a significant $11.4 million claim, revealing complex ties in the cryptocurrency ecosystem.
UAE and China reshape global economics through strategic alignment, local currency trade, and a pivotal move towards multipolarity.
Stablecoins gain prominence in 2023, with global regulatory efforts and market growth highlighting their evolving financial impact.
Manta Network's TVL surpasses $246 million, ranking 8th in Ethereum Layer 2 by outperforming Starknet and Linea, driven by its New Paradigm product and significant industry backing.
The SEC sets a Dec. 29 deadline for Bitcoin ETF applicants, with first approvals expected in early January.
BitDegree, a prominent Web3 educational hub, has launched a pioneering initiative—the world’s first gamified Web3 Exam. Unlike traditional academic tests, this educational adventure is designed as a game with three levels: Starter, Explorer, and Evangelist, catering to various levels of Web3 proficiency. Participants achieving a minimum score of 10 points in any level are eligible to mint a free NFT Certificate.