Gate News message, April 27 — Tom Lee, chairman of Bitmine, stated that Ethereum has outperformed the S&P 500 index (U.S. benchmark equity index) by 1,696 basis points since the U.S.-Iran conflict, making it the best-performing single asset globally aside from crude oil. According to Lee, ETH has demonstrated “wartime store-of-value” asset characteristics.
Lee highlighted two key drivers for Ethereum’s continued strength: the acceleration of on-chain tokenization by Wall Street institutions and the growing demand from Agentic AI systems for open, neutral blockchains. He added that the current market environment represents the final stage of a “mini crypto winter,” suggesting potential recovery ahead.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF Sees Daily Outflow of $16.03M While Ethereum and Solana ETFs Record Gains on April 27
Gate News message, according to the April 27 update, Bitcoin ETF recorded a daily net outflow of 209 BTC ($16.03 million), while maintaining a weekly net inflow of 9,987 BTC ($767.27 million). Ethereum ETF showed a daily net inflow of 24 ETH ($56,000) and a weekly net inflow of 41,013 ETH ($93.35 mi
GateNews1h ago
Coinshares: $1.2B Crypto Inflow, Bitcoin Leads Fund Flows
Cryptocurrency investment products received $1.2 billion in inflows last week, marking the fourth consecutive positive week, according to a Coinshares report. Bitcoin surged above $79,000 before Asian market opening, though the move was short-lived, with BTC subsequently dropping to around $77,600.
CryptoFrontier2h ago
Bitmine increased its holdings by more than 100,000 ETH last week, and its total holdings exceeded 5 million ETH units/coins.
Bitmine’s total ETH holdings have surpassed 5 million coins, accounting for 4.21% of the supply. Last week, it increased its holdings by more than 100,000 coins. This article analyzes the cadence of institutional holdings, the impact of on-chain concentration, and market outlook scenarios.
GateInstantTrends2h ago
ETH Liquidation Data: $1.254B in Short Liquidations at $2,424, $641M in Long Liquidations at $2,212
Gate News message, April 27 — According to Coinglass data, if Ethereum (ETH) breaks above $2,424, cumulative short liquidations on major centralized exchanges would reach $1.254 billion.
Conversely, if ETH falls below $2,212, cumulative long liquidations on major CEXs would reach $641
GateNews3h ago
Galaxy Digital OTC Address Deposits 15,000 ETH to Exchange, Worth ~$34.74M
Gate News message, April 27 — Galaxy Digital's OTC-linked address deposited 15,000 ETH, valued at approximately $34.74 million, to an exchange today, according to on-chain analyst Ai 姨.
Tracing the funds backward, the ETH batch originated from a 38,000 ETH withdrawal from Aave one week ago.
GateNews3h ago
