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.
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.
UK Supreme Court denies AI inventor status, reinforcing the legal stance that only humans can be credited as inventors in landmark decision.
Users can now use the wallet to seamlessly create and import ZKFair accounts on mobile apps and browser plug-ins, facilitating main network asset management, transfers, and interaction with dApps within the ecosystem.
A flaw identified by BleepingComputer allows scammers to manipulate URLs, presenting a tweet as if posted by a legitimate account, while redirecting users to fraudulent content. X's mechanism of using the status ID for post retrieval without validating the account name facilitates scammers in modifying even high-profile account names.
Shiba Inu's token burn rate leaps with .shib domain launch, hinting at future price potential.
Solana's market cap exceeds XRP by $5 billion, marking its entry into the top four altcoins.
Amid bankruptcy proceedings, Singapore's Three Arrows Capital sees founders Su Zhu and Kyle Davies confronting a major setback, with a British Virgin Islands court freezing over a billion dollars in assets.
Musk plans to launch X's payment services by mid-2024, with minimal focus on cryptocurrency.
Unless explicitly tagged and identified, it was impossible to track what wallets an exchange owns, or might own. As a result, the idea of Proof of Reserves (PoR) emerged.
Brazil surpasses Nigeria in Bitcoin interest as El Salvador maintains its lead, indicating evolving trends in cryptocurrency preferences and regulatory dynamics across these nations.
Argentina's Minister of Foreign Affairs, Diana Mondino, has declared the country's intention to formalise contractual agreements using Bitcoin.