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.
Pumpfun will launch its PUMP token on 12 July, aiming to raise $600 million by selling 15% of its supply across its own site and Gate.com. Despite the hype, the platform’s revenue and user activity have dropped sharply, while rival LetsBonk is gaining ground.
North Korea-linked hackers stole $3.2 million in crypto from Solana wallets and moved the funds to Ethereum. They laundered nearly $2 million using Tornado Cash, with over $1 million still sitting in an Ethereum wallet.
Invesco and Galaxy filed for a Solana ETF, aiming to give investors regulated access to the SOL token. Another filing proposes a new ETF mixing memecoins and NFTs from the Pudgy Penguins collection, marking a first of its kind in the market.
Sol Strategies, a Canadian crypto investment firm, has applied to list on Nasdaq after heavily investing in Solana tokens and staking operations. Despite a recent $3.5 million loss, the company aims to raise more capital and grow its presence in the US market.
The SEC has asked Solana ETF issuers to quickly update their filings, speeding up the approval process with decisions possible within weeks. This includes allowing staking features, which could boost investor interest and confidence in Solana.
Dubai’s VARA has signed an MoU with the Solana Foundation to advance blockchain innovation and talent development. Despite this, SOL remains over 2% down in the past 24 hours and below its January peak although it saw a slight uptick during the recent Bitcoin-led market pullback.
The SEC raised legal concerns about new Ethereum and Solana ETFs that include staking rewards, saying they may not qualify under current investment rules. REX and Osprey must address these issues before the funds can launch.
Prominent crypto investigator ZachXBT exposes insider trading and questionable practices at Worldcoin, casting doubt on its integrity and market tactics.
Individual apprehended in Guangdong for manipulating StarkNet (STRK) airdrop, acquiring over 40,000 tokens fraudulently. Tokens converted to Tether, totaling $91,000. Airdrop faced challenges from squatters; misuse reflects broader issues in crypto airdrops.
The SEC has frozen Digital Licensing Inc.'s assets and taken legal action against its principals and 13 others for fraudulent activities in crypto mining.
Investigation reveals HyperVerse's CEO might be a phantom, amidst a wider scandal involving millions in losses and legal challenges, highlighting the perils of unregulated crypto ventures.
Thus far, more than 20 individuals have been arrested
The alleged masterminds behind Hong Kong's largest financial fraud case remain elusive, with the 11 individuals questioned by local authorities so far appearing unlikely to be central figures in the burgeoning scandal.
The multi-national money laundering case that recently came to light in SG has taken an even more staggering turn, with the involvement of over S$2.4 billion in seized or frozen assets.
Transparency International named 8 Russian crypto exchanges willing to facilitate anonymous crypto for cash trades in London.
INTERNET CITY, DUBAI, Jun. 21, 2022 – LBank Exchange, a global digital asset trading platform, will list HAILEY (HAL) on ...