The comparison follows weeks of pressure on AI-related stocks amid concerns about spending on data centers and the returns those investments might bring. Lee pointed to crypto’s smaller decline as a sign of strength, …
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Tom
Ethereum news: ETH is trading at $2,495, up 1.19% on the day, and Tom Lee thinks that number roughly doubles by year-end. Lee’s $6,000 call has circulated widely this week, tied to a Bitcoin …
- Altcoin Highlights
Tom Lee Uses BlackRock’s Bitcoin Report to Pitch Ethereum as AI’s Verification Layer
by adminby adminTom Lee, chairman of Bitmine Immersion Technologies, said BlackRock’s new Bitcoin report reinforces the case for Ethereum (ETH). He pointed to artificial intelligence (AI) and robotics as the reason. BlackRock’s paper, called “Re-Underwriting Bitcoin,” …
- Web3 Technology
Tom Lee’s BitMine Buys $52 Million in Ethereum as Strategy Sells Bitcoin
by adminby adminIn brief ETH treasury firm BitMine Immersion Technologies added another $52 million in Ethereum. Meanwhile, its Bitcoin counterpart Strategy sold $2.5 million worth of BTC to fund its dividend-paying preferred stock. BitMine now holds …
Ether treasury company Bitmine Immersion Technologies has been included in a preliminary list for potential inclusion in the Russell 3000 index, a move that chairman Tom Lee hinted could provide tailwinds for the company’s …
- NFT & Metaverse
Tom Lee Lists 3 Reasons the Stock Market Is in a “Better Position” Than at Its Early 2026 Peak
by adminby adminThe stock market has staged a major rebound in April. The S&P 500 and Nasdaq hit fresh all-time highs this week, erasing all losses from the US-Iran conflict. BitMine Chairman Tom Lee believes the …
- Crypto Education
Tom Lee’s BitMine Adds More Ethereum as Strategy Takes a Break From Bitcoin Buying
by adminby adminIn brief Tom Lee’s BitMine Immersion Technologies added around $146 million in ETH over the last week. Meanwhile, top Bitcoin treasury Strategy paused its purchases in the final week of the quarter. Both firms …
DeFi Market
Tom Lee Says ‘Zero Chance’ of Ethereum Funding Crisis as Insider Warns of $30M Gap
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The chairman of BitMine, the largest corporate holder of Ether, brushed off a former Ethereum Foundation contributor’s warning that core development could run short of money within nine months. Tom Lee, chairman of BitMine …
Despite near-term weakness, Lee still sees tokenization and AI-related infrastructure as long-term drivers for ETH. According to Bitmine Chairman Tom Lee, rising oil prices are the biggest reason Ethereum (ETH) has been struggling, and …
Bitcoin & Ethereum
Tom Lee Expects ‘Defining Year for Ethereum’ as BitMine Buys ETH Amid ‘Rock Bottom’ Vibes
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In brief BitMine bought 45,759 Ethereum last week, bringing its total to 4.37 million ETH worth $8.68 billion. Chairman Tom Lee remains bullish, expecting 2026 to be a “defining year for Ethereum” driven by …
