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.
Grayscale modifies its ETF approach to comply with SEC regulations, moving to a cash-only transaction system and excluding benefits from blockchain airdrops and forks.
Trump sells Ethereum holdings amid NFT market struggles, retains diverse crypto assets.
A major DOGE transfer to Robinhood by a whale hints at potential market moves, amidst a period of relative stability for the cryptocurrency.
Worldcoin announces its expansion to Singapore following a pause in three countries, marking a significant year with over five million users and 30 million transactions.
China's crackdown on illegal cryptocurrency activities intensifies with Zhao Dong's seven-year prison sentence.
A Congressman’s bold move to reshape U.S. financial regulation, targeting SEC leadership and strategy.
The agreement, which was formalised during a meeting between the governors of the central banks of both countries in Russia, now allows banks and economic actors to utilise infrastructures, including non-SWIFT interbank systems, for transactions in local currencies.
Recent data indicates that the total count of registered crypto entities across the 27-member bloc has reached at least 11,597, based on information sourced from official registers in member states.
The project has maintained a low profile for a significant portion of 2023, evident from the inactivity observed on their Medium and Twitter pages.
NFPrompt merges AI and NFTs, introducing a unique token ecosystem and sustainable roadmap.