Tom Lee, co-founder of Fundstrat, argues Ethereum is significantly undervalued even after its price fell from nearly $5,000 to under $2,000. He bases this on Ethereum's critical role in moving large asset classes like gold, equities, and real estate onto the blockchain. Lee sees Ethereum's value potentially reaching $1 to $5 trillion as AI integration and tokenization accelerate, despite current market delays and confusion around the Ethereum Foundation's role. He predicts a market low by October 2026 and expects strong growth driven by AI and institutional trust in Ethereum's established network.
BitMine Immersion Technologies has purchased $49 million worth of Ethereum, driven by increased demand following the launch of the Robinhood Chain, an Ethereum Layer-2 network enabling 24/7 tokenized stock trading and DeFi features. This acquisition ...
Most major cryptocurrencies, including Bitcoin and Ethereum, experienced price declines of around 2% or more. This reflects ongoing market volatility and investor caution in the crypto space. Some altcoins showed mixed performance, with a few gaining...
Tom Lee highlighted Ethereum's potential to become the main settlement layer for the artificial intelligence era, driven by leadership changes in the Ethereum Foundation and growing institutional adoption. He noted macroeconomic factors like U.S. mon...
Bitcoin and Ethereum ETFs have reversed a recent trend of outflows, recording significant net inflows over the past day and week. Bitcoin ETFs gained 1,439 BTC ($89.69M) in one day and 2,763 BTC ($172.17M) over the week, while Ethereum ETFs saw inflo...
Bitmine Immersion Technologies purchased 27,801 Ethereum (ETH) for $50 million, bringing its total ETH holdings to 5.77 million tokens worth $10.2 billion. The company is close to reaching its goal of owning 5% of the total ETH supply, which it expec...
