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.
A survey found that 41% of respondents would prefer not to hold virtual assets, and only 20% want to hold virtual assets in the future
Ripple executives have been absolved of the charges previously levied against them but the journey continues as Ripple and the SEC must settle on remedies for institutional XRP sale violations.
Binance has formalised agreements with new fiat partners for EUR payments, deposits, and withdrawals but the new service providers involved in this collaboration were not disclosed.
This funding will be split between the University at Albany (UAlbany) and the State University of New York (SUNY), signifying a pivotal move towards establishing New York as a leading force in AI innovation and education.
After the recent withdrawal of Paysafe, leading cryptocurrency exchange Binance has announced a strategic collaboration with new fiat partners to cater to its Euro services.
The exploiter behind the exploit of BH token on 11 October, continued to evade scrutiny by discreetly depositing a total of 1,500 BNB into Tornado Cash on 19 October.
Binance and HOPR previously announced Binance Labs' leading role in a $1 million investment round for HOPR, which precedes the company's upcoming token sale.
In a concerted effort led by Atomic Wallet, with the participation of forensic experts and centralised exchanges, a sum of $2 million suspicious deposits have been frozen.
Circle's new Smart Contract Platform marks a significant step towards simplifying Web3 app development for all.
An elaborate online scam impersonated a reporter from a well-known media outlet to conduct a fraudulent interview, tricking the victim into clicking on deceptive links that stole sensitive data and compromised his account.