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Crypto
Tom Lee says crypto bear market nearing end, sees Ethereum at $62,000 within years
Tom Lee, chairman of Bitmine, said the recent crypto downturn was a “mini crypto winter” and may be nearing an end. Speaking at Blockchain Week 2026 in Paris, he said stocks had likely bottomed after the fallout from a U.S.-Israel war related to Iran, and crypto could enter a recovery phase. He cited tokenisation and agentic AI initiatives as drivers for Ethereum, projecting $62,000 within years.
Crypto
Ethereum Foundation seeks to convert 5,000 ether into stablecoins to fund operations and grants
The Ethereum Foundation plans to convert about 5,000 ether into stablecoins to secure funds for operating costs and grant programmes. It will sell ether gradually using CoWSwap\'s time-weighted average price function to reduce market impact, targeting about $11 million. The move follows earlier TWAP sales and reflects a broader shift toward DeFi operations and staking alongside sales and over-the-counter deals. The foundation continues to hold substantial ether and stablecoin assets.
Crypto
Ethereum Foundation doubles staked ETH, tops two-thirds of 70,000 ETH goal
The Ethereum Foundation doubled the amount of ether it has put into staking in a single day, depositing a total of 47,050 ETH, The Block reported on Thursday, citing Arkham Intelligence data. The total exceeds two-thirds of the foundation’s 70,000 ETH goal. The foundation has rapidly increased its staking holdings in less than two weeks, and the staked amount is worth about $96.6 million.