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Ethereum News: Tom Lee Says ETH Is Starting a Bitcoin-Style 'Supercycle'

Tom Lee, executive chairman of BitMine Immersion Technologies and head of research at Fundstrat, claims that Ethereum (ETH) is entering a Bitcoin-like supercycle. He emphasizes the need for patience through volatility, reminiscent of Bitcoin's substantial historical drawdowns. Lee referenced Bitcoin's past losses, arguing that the cryptocurrency market reflects expectations of future growth and requires investors to endure challenging periods. Critics, however, question Ethereum's unique value proposition in a crowded market, expressing skepticism about its appeal compared to competing chains. They raised concerns about whether traditional finance would depend on Ethereum for continuous trading. While Lee did not propose specific timelines or valuation targets for Ethereum, he believes that persistent growth in on-chain activity and the broader adoption in institutional applications are crucial to validating his thesis.

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Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm

Prosecutors from the Southern District of New York asserted that there was sufficient evidence to convict Roman Storm, a developer of Tornado Cash, which is a cryptocurrency mixing service. In response to Storm's acquittal motion, the DOJ argued that the trial established his role as a co-founder and

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York asserted that they possess sufficient evidence to convict Tornado Cash developer Roman Storm, challenging his recent motion for acquittal following his conviction on a conspiracy charge. The prosecution's filing highlighted that Storm was a co-founder of Tornado Cash and intentionally

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York made a filing asserting that they had sufficient evidence to convict Roman Storm, a developer of the crypto mixing service Tornado Cash. This motion counters Storm's request for acquittal following his earlier conviction for conspiracy to operate an unlicensed money

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