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.
Notcoin, a popular clicker game on Telegram, now offers players the chance to earn cryptocurrency before its airdrop. With simple tapping mechanics and strategic boosts, users can maximise their Notcoin earnings for potential rewards.
In 2024, the Dogwifhat token surged by 1,400% amidst Bitcoin's rally, sparking investor interest. However, caution is advised as technical analysis suggests a potential downturn, highlighting the need for careful consideration before investing in speculative assets like Dogwifhat.
Spain banned Worldcoin's eye-scanning data collection method due to privacy concerns, while OpenAI, another project by Sam Altman, faces a legal dispute with Elon Musk over alleged deviations from its original objectives.
PoliFi, the fusion of meme coins and politics, sees tokens like Tremp and Boden surge in value on the Solana blockchain, reflecting a playful yet lucrative approach to political betting. With their irreverent charm and potential profitability, PoliFi meme coins offer investors a unique opportunity to engage with both crypto assets and political fervour.
Adobe's innovative Express app with Firefly AI revolutionises mobile content creation, offering intuitive tools and powerful AI capabilities for users worldwide. With features like Text to Image and seamless Creative Cloud integration, Adobe Express empowers creativity on-the-go like never before.
TOKEN2049 Dubai will take place in the Madinat Jumeirah from April 18th-19th 2024, bringing together an estimated 7,500+ attendees from across the globe
Kelexo (KLXO) presale attracts interest from XRP (XRP) and Tether (USDT) whales. XRP (XRP) sees increasing adoption, while Tether (USDT) remains stable. Kelexo (KLXO) offers streamlined lending solutions, with tokens priced at $0.04 in Stage 2 of its presale, emphasizing transparency and security.
El Salvador's investment in Bitcoin has seen unrealized gains of $74 million, reflecting a positive trend in its BTC holdings. President Nayib Bukele's re-election further cements his influence in the country.
South Korean crypto exchanges exceeded the stock market in trading volume, driven by increasing interest in altcoins and a high-risk investment preference among Korean investors.
Robert Kiyosaki warns of an impending financial market crash, advising investment in Bitcoin and other real assets like gold and silver. He predicts Bitcoin could reach $300,000 this year and $100,000 by June.