Tom Lee stated on Token2049 that Bitmine aims to outperform BTC and ETH in this cycle. If ETH rises to $22000, Bitmine's stock price will increase from $26 to $300 to $500; If ETH rises to $62000, Bitmine's stock price will rise to $1200 to $1500.

Fundstrat analyst Tom Lee stated that the cryptocurrency market hit bottom two days ago and is currently experiencing its largest bull market in history.

ETH briefly fell below $2600, and trader 0xcbab's 3728 ETH long positions (worth approximately $9.85 million) were fully liquidated within 3 minutes, resulting in a loss of nearly $200000.

Sato Ayanai, member of the Bank of Japan, expressed support for interest rate hikes in stages. Affected by the downward trend of global bond yields, the yield of Japanese treasury bond bonds fell back. Shuichi Ohsaki, portfolio manager of Meiji Yasuda, stated that Ayane Sato has adjusted her stance to align with the direction of Japanese political leaders in moving away from the policy of reinflation. Sumitomo Mitsui strategist Katsutoshi Inadome stated that investors are divided on how the Bank of Japan's interest rate hike will affect the market.

Tom Lee stated on Token2049 that we are at the beginning of a super cycle where everything running on traditional finance will be tokenized in the next decade.