Bitmine makes largest ether purchase since June as Tom Lee points to crypto's strong Q3

Company Chairman Lee said crypto’s recent outperformance could draw more institutional investors.

Bitmine bought 53,501 ETH last week, worth about $131.3 million at Monday’s ether price of $2,455.
The purchase lifted its holdings to 5.90 million ETH, or about 4.9% of Ethereum’s supply, putting its 5% target within reach.
Chairman Tom Lee said ether has outperformed the S&P 500 this quarter, which he expects could draw more institutional demand.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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