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

Tom Lee, executive chairman of BitMine Immersion Technologies, believes that Ethereum (ETH) is entering a Bitcoin-like supercycle, potentially replicating Bitcoin's past growth that resulted in a 100x increase since 2017. In his remarks, he emphasized the importance of patience through the inherent volatility of cryptocurrencies, referencing Bitcoin's significant drawdowns over the years. However, Lee's prediction faced skepticism from some influencers, notably 'The Bitcoin Therapist', who questioned Ethereum's unique value proposition amidst competition from numerous other cryptocurrencies. Critics also doubted whether traditional finance would adapt to Ethereum's protocols for 24/7 trading. Despite the lack of specific timing or valuation targets from Lee, he suggested that sustained activity on Ethereum's platform and its Layer-2 solutions, alongside growing institutional use, will serve as a critical test for 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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