Tom Lee's Bitmine has just acquired 252,441 ETH in only 3 da | Crypto News Snap on Binance Square

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Tom Lee's Bitmine has just acquired 252,441 ETH in only 3 days.Their reserves now total 2.202M $ETH , worth $8.84 billion.
#ETH 

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Big news from Japan: Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho Bank are teaming up to launch a yen-pegged stablecoin by the end of 2025! 🇯🇵 (Meaning, Japan’s biggest banks aim to modernize corporate payments – faster, cheaper transactions on blockchain.) The stablecoin will be issued on MUFG’s Progmat platform, serving over 300,000 corporate clients. First mover? Mitsubishi Corp, with 240+ global subsidiaries, will use it for dividend payments, asset purchases, and cross-border transfers. (In other words, less admin hassle, more efficiency!) The stablecoin will operate on blockchains like Ethereum, Polygon, Avalanche, and Cosmos, with plans to expand to other networks. Binance Japan is also exploring a stablecoin with MUFG Trust, and Japan’s regulators are set to greenlight yen stablecoins. Fintechs like JPYC and Monex are in the race too! This could make Japan a global leader in digital finance.#Japan #USBitcoinReservesSurge #MarketPullback #BinanceHODLerZBT #USBankingCreditRisk

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Big news: Chinese tech giants Ant Group and JD.com have halted their Hong Kong stablecoin plans! 😱 (Meaning, the companies set to launch stablecoins or tokenized bonds in Hong Kong’s pilot program have backed off due to pressure from Beijing.) The PBoC and CAC warned that private stablecoins threaten the digital yuan (e-CNY). (In other words, the central bank wants full control, with no private players issuing currency.) JPMorgan says 99% of stablecoins are US dollar-backed, which could further strengthen the dollar – market size could grow from $500B to $2T! 🚀 But China doesn’t want the dollar to dominate. The Hong Kong Monetary Authority is accepting stablecoin applications, but former PBoC governor Zhou Xiaochuan said in July that speculation and systemic risks must be avoided.#USBitcoinReservesSurge #MarketPullback #BinanceHODLerZBT #USBankingCreditRisk #Ripple1BXRPReserve

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This feels like a horror movie

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Big news from #Ripple : They're leading a $1B fundraising via SPAC to build a massive "Digital Asset Treasury" (DAT) and stockpile more $XRP ! 🚀 (Meaning, this corporate crypto treasury will boost their XRP reserves, even as markets recover from last week's crash – #Bitcoin down 3%, altcoins bleeding.) The plan isn’t finalized yet, but per Bloomberg, Ripple will also add its own XRP. End goal: Fast-track XRP stacking while the industry struggles. And that’s not all! Ripple acquired GTreasury for $1B, a company that builds crypto tools for corporate finance teams (to manage stablecoins and tokenized assets). (This means closer ties with corporate treasurers and better infrastructure for XRP adoption.) Despite market panic from US-China trade tensions, XRP is up 13% in 2025 (not lagging behind BTC!), and Ripple already holds 4.74B XRP (~$11B) in wallets, plus 35.9B in escrow. Crypto treasuries overall are slowing – only 14.8K BTC bought in August (down from 66K in June), with an average purchase of 343 BTC. Most companies focus on BTC, with rare cases like VivoPower betting on XRP. Ripple’s move looks bold as shares of Strategy Inc. and #metaplanet are dropping. #MarketPullback #Ripple1BXRPReserve

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