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.
Bonk has soared more than 47% in the short term and is up nearly 200% in the past week as the broader market rebounds and Bitcoin nears all-time highs. Amid this rally, Bonk's combined market capitalization has surpassed that of SUI, SEI, and TIA, and currently stands at $2.5 billion.
Kelexo (KLXO) stands out in crypto chaos, redefining decentralized lending with a revolutionary presale. A beacon of progress amid uncertainties, it embodies transparency and inclusivity in digital finance.
Despite recent market turmoil, Bonk (BONK) experiences an unexpected recovery, attributed to strategic actions by whale investors. Their confidence in a bullish reversal has stabilized prices, attracting attention from retail investors. However, caution is advised due to the fragility of such recoveries, especially in a bear-dominated market.
Binance lists Bonk (BONK) on December 15, offering BONK/USDT, BONK/FDUSD, BONK/TRY trading pairs, and adds BONK to isolated margin trading within 48 hours.
BONK, a Solana-based meme coin, spikes 40% following Coinbase listing news.
BONK saw significant loss in its value after the burning event.
Meme coins and tokens are famously volatile, surging and falling based on things like social media sentiment—as seen in many past occasions with Elon Musk and Dogecoin.
SBF believes that CZ must be happy with how it turned out for FTX.
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) I have very few original ideas when it comes to global macroeconomic conditions. I…