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Tom Lee Calls for 100x Ethereum 'Supercycle' Like Bitcoin

BitMine Immersion Technologies has added 54,156 ETH to its balance sheet, valued at about $170 million. This acquisition brings their total to more than $11.1 billion in ETH, representing nearly 3% of the entire circulating supply. Despite recent declines in Ethereum's price, Tom Lee, BitMine's Chairman, predicts a 'supercycle' for Ethereum, suggesting a potential 100x price increase similar to Bitcoin's rise since Fundstrat first recommended it in 2017. Lee notes the market is still adjusting after a significant crash that wiped out over $19 billion in value, which may have led market makers to reduce liquidity, affecting prices. He believes that a cycle top for cryptocurrencies will likely occur within 12-36 months.

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Bitcoin charts flag $75K bottom, but analysts predict 40% rally before 2025 ends

Bitcoin's price has shown a bearish trend, breaking below a crucial support level established in 2023. Analysts now identify $75,700 as a significant downside target, which aligns with a historical pricing band indicating when Bitcoin is overvalued or undervalued. This drop represents an 18% decline from current

Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme

Firas Isa, the founder of Virtual Assets LLC, was charged by federal prosecutors in Chicago for orchestrating a money laundering conspiracy involving at least $10 million. The indictment alleges that Isa converted proceeds from fraud and narcotics into cryptocurrency through a network of cash-to-cryptocurrency ATMs dubbed Crypto Dispensers. Despite regulatory

Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme

Federal prosecutors in Chicago have charged Firas Isa, founder of Virtual Assets LLC, with a conspiracy to launder at least $10 million of illicit funds through a Bitcoin ATM network. The indictment claims Isa converted proceeds from fraud and narcotics into cryptocurrency, subsequently transferring these assets to various digital wallets.

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