Tom Lee, chairman of Bitmine and head of research at Fundstrat, forecasted that Ethereum's price could reach $250,000 driven by advances in AI and tokenization transforming financial infrastructure. Bitmine recently increased its Ethereum holdings to nearly 5.4 million ETH, about 4.47% of the circulating supply, signaling growing corporate control over the network as the Ethereum Foundation reduces its stake. Lee highlighted that corporate validators now fund the ecosystem through staking rewards, and Bitmine's model outperforms simply holding ETH. He sees this structural shift and AI integration as a major growth catalyst, suggesting current market lows are a buying opportunity.
Kalshi is expanding its presence in the U.S. crypto market by filing to offer perpetual futures contracts on a broad range of digital assets including XRP, Ethereum, Solana, Dogecoin, and Stellar. This move aims to bring high-volume crypto derivative...
Institutional investors pulled nearly $1.5 billion from Bitcoin and Ethereum last week, with Bitcoin alone seeing $1.438 billion in outflows, reflecting a broad market de-risking amid volatility. However, XRP bucked this trend, attracting $20.3 milli...
Cryptocurrency markets saw a broad decline, with Bitcoin dropping more than 5% to around $67,513 and Ethereum falling over 2%. Many altcoins also experienced losses, including XRP, ADA, and SOL, while a few tokens like ZEC and LAB showed notable gain...
Bitmine Immersion's Tom Lee views Strategy's recent sale of 32 bitcoins and an 11-day $3.4 billion outflow from U.S. spot bitcoin ETFs as typical signs of a market bottom rather than bearish signals. Strategy's sale, a tiny 0.004% of its 843,700 BTC ...
Standard Chartered's digital asset research head, Geoffrey Kendrick, suggests ether (ETH) could outperform bitcoin (BTC) by over 40% by the end of 2026. This outlook follows Strategy's recent bitcoin sale, which may signal a broader shift in crypto m...
