OKX user issues desperate plea after funds frozen. Hong Kong hasn’t ruled out gold-backed stablecoins, but says it’s too early. Asia Express. An OKX user trying to get around restrictions on Chinese users has become desperate after the crypto exchange froze funds saying the money was needed to cover urgent family medical expenses. The user, who shared a lengthy personal appeal on X, said about $40,000 in crypto became inaccessible after OKXs risk controls locked multiple accounts linked to identity violations. The user admitted the accounts were acquired from third parties to access promotions that were unavailable to mainland China users. In the post, the user said all funds transferred into them originated from their verified personal account. They described the funds as life-saving money needed for a family members surgery. Read more
The latest purchase lifted the company’s Ether holdings to about 3.4% of the token's circulating supply, as Bitmine's chairman, Tom Lee, aims to accumulate 5% of the total outstanding supply. Bitmine Immersion Technologies expanded its Ether holdings over the past week as its chairman urged shareholders to approve a proposal that would allow the company to further build its crypto treasury and staking operations. The company said it purchased 24,266 Ether (ETH) over the past week, lifting its total crypto holdings to about 4.17 million ETH, or 3.4% of the token’s circulating supply. According to Monday’s announcement, the company reported about $14 billion in combined crypto and cash holdings, including $988 million in cash. In addition to ETH, it holds 193 Bitcoin (BTC) and a $23 million stake in Eightco Holdings. Read more