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.
Casio and STEPN GO’s NFT collaboration blends physical activity with digital innovation, aiming to boost Web3 adoption.
Presidential hopeful Donald Trump recently promoted limited edition Bitcoin-themed sneakers called the "Crypto President High Tops". This release is part of Trump's strategy to appeal to a diverse voter base, including the sneakerhead community.
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Nike collaborates with digital art studio RTFKT to launch the Nike x RTFKT Dunk Genesis sneakers, priced at $222 each in Dunk Ghost and Dunk VOID editions. These futuristic sneakers come with integrated NFTs, accessible via an embedded NFC chip, allowing owners to bridge the gap between physical and digital assets by personalizing their sneakers through 3D files. The VOID and Ghost Editions are set to ship by July 31 and August 31, 2024, respectively, with an exclusive pre-order for NFT holders. Nike's history in NFT-integrated sneakers, along with RTFKT's clout in the digital art scene, underscores the significance of this collaboration in shaping the future of footwear and digital identity.
Not without it's hiccups, Nike has formally announced it's first "native web3 sneaker" this week, courtesy of it's NFT / ...
Called ‘Black Station’, this 3D metaverse website will feature future NFT projects and aims to embody the future of PUMA,.
NFTs are entering the mainstream, but this requires a streamlined and trustworthy experience in order to achieve mass adoption by the masses.
Both sneakers and NFTs have turned into multi-billion dollar industries in recent years. The sneaker resale market was valued at ...
Nike is going to sell digital products in the metaverse, and you'll buy them because Nike knows how to make you want to own them.
Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war.