EV company Faraday Future to kick off $30M crypto investment plan

Nasdaq-listed electric vehicle startup Faraday Future is pivoting into crypto with a series of initiatives, Cointelegraph reported. The plans include launching a “C10 Treasury” beginning with a $30 million crypto purchase, introducing a “C10 Index” to track the top 10 digital assets and exploring related ETF products. The company also outlined ambitions to scale its investments, targeting $500 million to $1 billion in the top 10 cryptocurrencies.