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Why Tom Lee just bought $421m Ethereum despite the tanking market
Bitmine now owns 3.4% of Ethereum’s total supply. Its latest purchase comes as the token trades 40% below its record high. DATs are under pressure to prove themselves. Tom Lee’s Bitmine just bought $421 million worth of Ethereum despite the cryptocurrency trading 40% below its all-time high. The company’s new haul lifts its Ethereum holdings...
Bitcoin Dips, Ethereum Slides Under $3,000 As GDP Data, Fed Signals Come Into Focus
Markets are focused on a delayed third-quarter GDP print, along with durable goods orders and industrial production data later in the session. Bitcoin and Ethereum led declines in the last 24 hours ahead of a busy U.S. economic calendar. The broader cryptocurrency market declined 2.1% over the same period, holding just above a $3 trillion...
Value Investing That’s Worked
As investors grow wary of AI-driven mega-cap concentration, the WisdomTree U.S. Value Fund offers a compelling alternative with a shareholder yield of 7.1%, nearly triple that of the SPX.
