BBX: BitMine invests 126 million yuan to increase Ethereum, OSL payment business sets record

BBX News: Yesterday, the global capital market delivered a highly tense report card on the increase in holdings of encrypted core assets and the landing of commercial liquidation. The market no longer relies solely on a single treasury buying expectation, but demonstrates the comprehensive penetration of cryptocurrency assets in the financial system through billions of dollars in bulk spot lock ups and billions of Hong Kong dollars in real commercial revenue ——Massive Fundraising: BitMine directly acquired 51000 ETH through FalconX and BitGo channels, spending approximately $126 million to continuously increase the proportion of holdings across the entire network. ——Payment driven growth: OSL Group (00863. HK) saw its total revenue soar to HKD 55.813 billion in the first half of the year, with stablecoin payment business contributing HKD 49 billion (88% of the total), successfully completing the commercial cycle. ——Infrastructure expansion: Eole has laid out nearly 10000 HYPE vaults, and Coincheck has partnered with DFNS to build a compliant custody defense line for traditional Japanese financial institutions. The market presents a clear dual evolutionary trend of "top listed treasury continuously converting fiat currency liquidity into core PoS spot through professional institutional channels" and "licensed compliance institutions relying on stablecoin payment channels to achieve billions of real commercial income". Source: bbx.com