Crypto Treasury Firms Go on $8B Buying Spree in Historic Week

Justin Sun has accused First Digital Trust (FDT) of stealing $456 million from client funds, claiming the money was moved to a Dubai company without consent or collateral. FDT denies the allegations, calling them malicious, while Sun calls for urgent regulatory action in Hong Kong to address the situation.
Justin Sun, the dynamic founder of TRON, just landed on the cover of Forbes, but that might not be a good thing..
Justin Sun, the founder of TRON, has ignited discussions within the cryptocurrency community by proposing a reduction in TRX block rewards
The SEC, Tron Foundation, and Justin Sun have asked a federal court to pause the 2023 lawsuit to explore a resolution. The case involves allegations of unregistered TRX and BTT sales, market manipulation, and undisclosed celebrity endorsements.
In a recent post on the X platform, Ethereum co-founder Vitalik Buterin praised the Celo blockchain for hitting a fresh milestone for stablecoin use on the platform.
A trader turned $1,200 into $10 million with Tron Bull (BULL) in three days, but the value soon fell by 60%, leaving them with $4.3 million. This dramatic rise and fall highlight the volatile nature of meme coins, as Tron-based tokens like BULL, SUNDOG, and SUNCAT show fluctuating prices and declining values.
Telegram founder Pavel Durov was arrested in France, exposing various legal problems existing in the Telegram platform. Binance’s listing of TON means that it has once again brought new legal risks to itself. Justin Sun and Binance’s first sister He Yi needs to find a new way out under the severe regulatory environment.
TRON DAO Reserve has moved support for USDD from Bitcoin to TRX with the transfer of 12,000 Bitcoin, raising questions about the stability of the stablecoin amid reliance on more volatile assets.
JPMorgan is working with Coinbase to let customers buy crypto more easily using Chase cards and accounts. From 2026, users can also turn reward points into stablecoins and access new crypto features for both personal and business use.
Strategy reported a $10 billion profit in Q2, driven by Bitcoin gains and new fair value accounting rules. It raised over $10.5 billion through stock sales and used most of it to buy more Bitcoin, pushing its holdings above 628,000 BTC.
Kraken plans to raise $500 million to support a $15 billion valuation as it prepares for a public listing in early 2026. The crypto exchange has seen strong growth, cleared past legal issues, and is expanding in Europe while launching new services.
Supertone showed how its AI can turn any voice into a polished K-pop-style performance, even if the person cannot sing. The South Korean startup, now owned by BTS’s label HYBE, lets artists create new singing voices by adjusting pitch, tone, and emotion using AI tools.
Figma’s share price jumped 250% on its NYSE debut, closing at $115 and rising further after hours. The company also revealed it had put nearly $100 million into Bitcoin and stablecoins as part of its treasury plan.
PancakeSwap saw a big rise in trading volume, reaching $188 billion in July and leading the DEX market. This growth was driven by new features like lower fees, cross-chain trading, and a partnership with Binance Alpha.
A false rumour on social media claimed China had banned crypto again, causing brief market panic. Officials and experts confirmed no new rules were issued, and the 2021 restrictions still apply.
The Satoshi Nakamoto statue in Lugano was taken from its spot in the park and later found broken in Lake Lugano, showing it was vandalised rather than simply stolen. Despite the damage, the local community and supporters remain committed to celebrating Bitcoin’s creator and the ideas the statue represents.
South Korea’s major banks are preparing to launch stablecoin services ahead of new laws that will allow them to operate in the digital asset market. They are forming teams and partnerships to move quickly once the regulations are in place.
A Coinbase ad was banned from UK TV by the Advertising Standards Authority for its critical message about the country’s financial system. Coinbase’s CEO criticised the decision, saying the ban only drew more attention to the ad’s call for crypto innovation and updated regulation.