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.
A judge recently accepted AI-generated "testimony" from a deceased victim in a sentencing hearing, emphasizing AI's increasing role in the justice system. As technology evolves, it's vital to establish ethical boundaries to prevent dangerous precedents in legal cases.
New York City will host its first-ever Crypto Summit on 20 May as Mayor Eric Adams pushes to make the city a global leader in blockchain and digital assets. The event comes as Adams doubles down on crypto-friendly policies ahead of his 2025 re-election campaign.
Pump.fun has launched a revenue-sharing scheme that pays token creators 50% of trading fees through its PumpSwap exchange. The move rewards ongoing trading activity but has raised concerns it could encourage more rug pulls.
Armed men attempted to kidnap a crypto tycoon’s daughter and grandchild in Paris but fled after a struggle. Authorities suspect financial motives linked to the family’s crypto ties and have launched a manhunt. As crypto-related kidnappings rise, the case raises urgent questions about law enforcement’s readiness in a digital-first world.
Curve Finance faced its second DNS hijack in a week, redirecting users to a malicious clone site. The platform quickly moved to a new domain to address ongoing DNS vulnerabilities. CRV dropped over 8% to $0.7274 but has since rebounded.
Thailand has approved a trial launch of digital government bond tokens called G-Tokens, aimed at helping small investors access secure savings options. The tokens will be worth 5 billion baht and are expected to go on sale by July.
South Korea’s Democratic Party is courting the crypto vote ahead of June’s elections with a new committee focused on boosting the country’s global standing in digital assets. The group aims to promote innovation and challenge restrictive rules like the “One Exchange, One Bank” policy.
Tether bought $459 million worth of Bitcoin to support the launch of Twenty One Capital, a new investment firm preparing to go public. The company now holds over 36,000 BTC and plans to expand further after merging with Cantor Equity Partners.
Carnegie Mellon researchers have developed LegoGPT, an AI model that turns text prompts into detailed, physically stable LEGO designs—bridging language and engineering for custom builds.
The Infinite Node Foundation has acquired full intellectual property rights to CryptoPunks from Yuga Labs, marking the first time a major digital art collection has been taken over by a nonprofit. NODE plans to preserve, promote, and exhibit the collection, with an emphasis on community engagement and global museum collaborations.