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Standard Chartered Plans Singapore Crypto Custody Service◆UK Sanctions Three Crypto Platforms Linked to Russian Finance Networks◆Trump Says No Iran Strike Before Nov. 3 Midterms as Bitcoin Climbs◆BitGo CEO Rejects AI Threat to Bitcoin's Cryptography◆Logic Exploits Drive 55% of DeFi Flash Loan Losses◆Sui Hashi Mainnet Launch: $500M+ Committed Capital◆Paxos XRP Offerings for Partners: What Changes◆Machi Big Brother's $99.8M Ether Long Nears Liquidation◆CertiK Reports MakerDAO Liquidation Keeper Bot Exploit◆Tom Lee: Bitmine to Halt ETH Purchases at 5% of Supply◆Standard Chartered Plans Singapore Crypto Custody Service◆UK Sanctions Three Crypto Platforms Linked to Russian Finance Networks◆Trump Says No Iran Strike Before Nov. 3 Midterms as Bitcoin Climbs◆BitGo CEO Rejects AI Threat to Bitcoin's Cryptography◆Logic Exploits Drive 55% of DeFi Flash Loan Losses◆Sui Hashi Mainnet Launch: $500M+ Committed Capital◆Paxos XRP Offerings for Partners: What Changes◆Machi Big Brother's $99.8M Ether Long Nears Liquidation◆CertiK Reports MakerDAO Liquidation Keeper Bot Exploit◆Tom Lee: Bitmine to Halt ETH Purchases at 5% of Supply◆

BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM

#20Founders & Executives
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Keone Hon

Co-founder and CEO of Monad Labs

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Keone Hon

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Former head of quantitative research at Jump Trading who now leads Monad, a high-performance parallel EVM blockchain project.

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Keone Hon
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October 7, 2026

Tom Lee: Bitmine to Halt ETH Purchases at 5% of Supply

Bitmine has a ceiling. Tom Lee, the firm's chairman and co-founder, has stated that Bitmine will stop purchasing Ethereum once its holdings reach 5% of the cryptocurrency's total circulating supply, setting a defined upper limit on one of the most aggressive corporate ETH accumulation strategies in the market.

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