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.
Web2 Security is laughably bad when compared to Web3- but it still has something to offer for us.
For those customers who were able to access PayLah! and qualify for the DBS 5 Million Hawker Meals cashback, the bank assured that rebates would be issued by Friday.
If everything sucks, what's the way forward?
Article exploring the potential rug-pull and tokenomic risks associated with KuCoin's latest product. Urges readers to conduct their own due diligence before investing.
Crypto Aid Israel raises $185,000 in a mere ten days. This achievement highlights the dedication of both Israeli Web3 community members and international companies.
Elon Musk made an announcement regarding the plans of X, formerly known as Twitter. Musk confirmed the impending launch of two distinct premium tiers, affirming prior reports and code discoveries.
The practice of burning tokens has been a consistent strategy for Huobi since 2018, and as of October 15, 2023, a cumulative total of 301,002,441 HT has been burned.
Solana surged by 10% and breached the key resistance at $25, currently trading at $25.96, possibly heading for a 20% rise to reach $30.
Finland's progressive push in pioneering digital Euro and redefining the European monetary landscape.
The emergence of quantum computing has raised concerns within the blockchain community regarding the security of existing systems, but Vitalik believes that a viable solution has been found.