Ripple’s Bold Financial Strategy Draws Eyes with $1 Billion XRP Initiative

The peso keeps tanking. On Monday, it sank by almost 1% in early trading to 1,476 per dollar, hitting a fresh record intraday low before recovering slightly. That’s below the level seen before the U.S. Treasury began buying the peso earlier this month, a clear sign that Washington’s support isn’t working ahead of the critical […]

New York City mayoral candidate Zohran Mamdani is leading in a Polymarket poll amid opponent Andrew Cuomo’s pledge to make the metropolis a crypto hub. Zohran Mamdani Continues Strong Lead on Polymarket According to the poll labeled “New York City Mayoral Election,” 93% of participating Polymarket bettors believe Mamdani will assume his office as mayor following next month’s election. Meanwhile, just 6% of participating Polymarket bettors predict that former governor Andrew Cuomo will become New York City’s next mayor. Republican candidate Curtis Sliwa is trailing behind with just 1% of the votes on the decentralized prediction platform. Cuomo Campaigns on Crypto Pledge With Just Weeks to Go The poll’s latest figures come just one day after Cuomo announced that his administration would establish a chief innovation officer position in a bid to “ensure New York City remains the global leader in business, technology, and job creation.” If elected, Cuomo said the role would be filled “in consultation with the recommendations of an innovation council” that would consist of key players in the fields of crypto, AI, and biotech. “New York has always been the city that leads,” said Andrew Cuomo. “We built the tallest skyscrapers, became the financial center of the world and were the birthplace for the labor movement, the civil rights movement and the LBGTQ rights movement. “The next Mayor must make sure we’re also leading in the technologies that will define the next century—AI, blockchain, and biotech,” he added. “That’s what this position is about: Keeping New York City not just competitive, but dominant in the global innovation economy.” A new poll from AARP and Gotham Polling puts Mamdani in the lead at 43.2% while Cuomo boasts just 28.9% of the vote. With just weeks to go until the election, it is still unclear if Cuomo’s embrace of the crypto sector will help him win an unexpected victory

The post 3.24M ETH Holds 2.7% Supply appeared on BitcoinEthereumNews.com. On October 20, 2025, BitMine disclosed a week-long purchase of 203,800 ETH, a move Thomas “Tom” Lee said fits the firm’s long-term plan; this bitmine ethereum accumulation now reshapes institutional treasury metrics. The company published the update in a press release shared on X by Wu Blockchain (BitMine press release). How big is BitMine’s ethereum accumulation and what does it mean for BitMine ethereum holdings and ethereum circulating supply? In brief: BitMine ethereum holdings reach 3.24 million ETH BitMine purchased 203,800 Ethereum in one week, pushing total holdings to 3.24 million ETH worth about $13.4 billion, according to the company. That stockpile combines crypto, cash and equity stakes reported by management and positions the firm as a major corporate ETH holder. BitMine controls 2.7% of the ethereum circulating supply The company now controls 2.7% of Ethereum’s circulating supply and says it is moving toward a 5% accumulation goal. Concentrated treasury positions at this scale can tighten available float and affect price formation during concentrated buying or selling windows. What this implies for institutional ethereum buying and treasury dynamics Institutional ethereum buying at this magnitude signals a shift in how corporate treasuries treat digital assets. Treasury teams will likely prioritise execution plans and hedges to reduce market impact while reporting larger crypto NAV swings to investors. [INTERNAL_LINK_1] What are the implications for institutional crypto treasuries and market liquidity? Crypto treasury market impact and liquidity considerations BitMine’s reported portfolio also includes $219 million in cash, 192 Bitcoin and $119 million in equity positions. The company trades roughly $2.1 billion in average daily volume, making it one of the most liquid microcap crypto plays on U.S. markets; it is listed on NYSE American under BMNR (NYSE BMNR quote). [INTERNAL_LINK_2] Ethereum circulating supply and demand dynamics Large, methodical purchases temporarily remove ETH from the…