☕️ Hex Founder Arrested; Bitmine Reaches 4.9% ETH Supply Turkish police arrested Hex founder Richard Heart, and Bitmine expanded its corporate Ethereum treasury to 6.04 million tokens.
1. Turkish Police Arrest Hex Founder Richard Heart in Multi-Agency Raid — Turkish authorities arrested Hex founder Richard Heart across 15 Istanbul properties following a December 2024 Interpol Red Notice from Finland alleging aggravated tax fraud, seizing $7 million in assets [4]. 2. Bitmine Treasury Expands to 6.04 Million ETH Valued at $15.1B — The NYSE-listed firm added 12,535 tokens over the past week, bringing its total $ETH holdings to 6,041,481, representing 4.9% of the circulating supply [5]. 3. JPMorgan Expands JPM Coin to Ethereum for Institutional Dollar Settlements — JPMorgan is launching its JPM Coin deposit token on Ethereum for institutional clients, expanding beyond its prior deployment on Base, allowing round-the-clock tokenized trade settlement [2]. 4. Strive Expands Bitcoin Treasury to 36,818 BTC Ahead of $700 Million SATS Settlement — Strive acquired 1,223 $BTC between Oct. 14 and Oct. 16 for an average of $81,734 per coin, bringing total holdings to 36,818 BTC, as a 7 million-share offering of 15% SATS preferred stock prepares to settle on Oct. 20 [6].
📊 Bitcoin traded at $81,916 (+1.2%), Ethereum traded at $2,398 (+1.9%), and the total crypto market cap reached $2.71T (+1.5%).
