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.
Insiders familiar with the matter reveal that Kucoin's move to acquire Ku.com is an effort to enhance its position in the cryptocurrency exchange sector.
The Lazarus Group, a North Korean hacking entity, has raised global cybersecurity concerns by amassing a substantial $3 billion through sophisticated cryptocurrency heists.
The FBI and the Dutch Financial Intelligence and Investigation Service have seized the websites of a crypto mixer named Sinbad, allegedly used by North Korean hackers and cybercriminals for laundering stolen funds.
Bitget, a leading global cryptocurrency derivatives exchange, announced that it will temporarily suspend new user registrations in Mainland China from today, 1 December 2023.
Foundry USA has held the top spot among mining pools since early 2022, riding the wave of North American mining operations' ascent following China's 2021 crackdown. Antpool, consistently at the second spot, began closing the gap around June.
US bank SoFi strategically exits the crypto sector, emphasising the challenges faced in the volatile market.
Saylortracker's data, which tracks Michale Saylor's BTC addresses, reveals his's portfolio at a $7,102,706,533.19, marking a 33.37% gain, reaching an all-time high.
United States District Judge Robert Shelby has issued a stern warning to Securities and Exchange Commission (SEC) lawyers, hinting at possible sanctions in the legal action against Digital Licensing Inc., also known as DEBT Box
Bitcoin is surging towards $40,000, unseen since the May 2022 TerraUSD incident. Factors include potential SEC approval of a Bitcoin ETF and anticipated Federal Reserve rate cuts starting in March.
Alibaba shifts focus from quantum computing to generative AI, showcasing adaptability and commitment to innovation.