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.
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.
The EMI license empowers Crypto.com to introduce a range of UK-centric e-money offerings within the FCA's framework.
Spanish founder, Cao de Benos, faces extradition for his alleged involvement in a crypto scheme aiding North Korea.
Alejandro Cao de Benos, a flamboyant Spanish aristocrat and founder of the pro-North Korea group Korea Friendship Association (KFA), was arrested in Madrid last week on U.S. charges related to cryptocurrency technology. Despite his release a day later, the saga highlights the complex web of international sanctions, political agendas, and alleged illicit activities surrounding North Korea.
This surge stands as the most significant since October 2021, coinciding with the introduction of the futures-based ETF in the US.
South Korea strengthens crypto oversight with DAXA and FIU, focusing on compliance and transparency.
On December 5, after thorough testing of mitigation measures, Mocaverse informed other Animoca Brands subsidiaries about the potential security issue.
Robinhood shared in an SEC filing that crypto trading saw a notable 75% boost in November compared to the previous month
Singapore updates its national AI strategy, Nais 2.0, aiming for global leadership and innovation with a comprehensive plan including 15 action courses.
A total of 28 Offshore Virtual Digital Asset are now registering with the India
Brazil's Itau Unibanco embraces crypto, expanding services to align with global banking shifts.