Tom Lee: Ethereum Has Bottomed Out, So BitMine Is Actively Buying

marsbitPublished on 2025-12-11Last updated on 2025-12-11

Abstract

Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in an interview that the company believes Ethereum has reached its bottom. As a result, BitMine has more than doubled its purchases of Ethereum compared to two weeks ago.

Fundstrat co-founder and BitMine Chairman Tom Lee stated in an interview: "BitMine believes Ethereum has bottomed out, and compared to two weeks ago, we have more than doubled our purchases of Ethereum."

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After C罗's Farewell Tears, Polymarket Stages a 'Tear Verification' Drama

After Portugal's 1-0 loss to Spain in the 2026 World Cup Round of 16, 41-year-old Cristiano Ronaldo was seen visibly emotional on the pitch, with media widely reporting he was in tears. On the prediction market platform Polymarket, however, this event triggered a major settlement debate. The market for "Will Ronaldo cry at the World Cup?" had strict rules requiring clear, identifiable tears on his face in photos/videos taken on the pitch or bench. Following the match, the outcome was disputed as traders argued whether the visible moisture was tears or sweat/other factors, sending the "Yes" probability below 20% and the event into arbitration. The dispute centered on interpreting the evidence against precise market rules. However, in a reversal, Polymarket later issued a clarification stating that qualified photo and video evidence from the pitch showed Ronaldo with "visible tears on his face." This official ruling resolved the ambiguity, causing the "Yes" probability to surge above 99%. With over $22 million in volume, the event highlighted how Polymarket's arbitration can align outcomes with mainstream perception, rather than allowing rule technicalities to solely determine results.

marsbit3m ago

After C罗's Farewell Tears, Polymarket Stages a 'Tear Verification' Drama

marsbit3m ago

HKEX Welcomes Its Largest IPO of the Day

Today (July 8th), Momenta successfully listed on the Hong Kong Stock Exchange, becoming the "first Physical AI stock." The company, founded in 2016 by Tsinghua University alumnus Cao Xudong, focuses on autonomous driving as an entry point into Physical AI research. Momenta's IPO price was HK$295.6 per share. With a market cap exceeding HK$70 billion post-listing, it was the largest among the five companies debuting that day. The offering raised approximately HK$6.8 billion and attracted a "star-studded" lineup of 14 cornerstone investors, including top-tier international funds, leading strategic industrial investors like Mercedes-Benz and BYD, and major Chinese financial institutions. The company has pioneered a "flywheel" strategy, integrating mass-produced advanced driver-assistance systems (ADAS) with its full-self-driving (L4) development. Data from over 1 million vehicles equipped with its systems fuels its AI models, enabling continuous improvement. This massive real-world data scale is a core competitive advantage. In April, Momenta launched its self-developed R7 World Model for mass production, a foundational model designed to understand and predict physical world dynamics. The company positions itself not just as an automotive tech supplier, but as a platform-level Physical AI company. Its technology platform has the potential to expand beyond autonomous vehicles into areas like logistics and embodied AI. Financially, Momenta's revenue grew from RMB 743 million in 2023 to RMB 2.413 billion in 2025, with licensing income surging 42-fold during this period. While still reporting adjusted losses, it is nearing breakeven. The company boasts partnerships with 24 global automakers, including 9 of the world's top 10, and holds a 65% market share in China's third-party urban NOA segment. The listing marks a significant moment for Physical AI in global capital markets, reflecting strong investor confidence in Momenta's unique technology path and commercial execution.

marsbit4m ago

HKEX Welcomes Its Largest IPO of the Day

marsbit4m ago

After C Ronaldo's Teary Farewell, Polymarket Stages a 'Tear Verification' Drama

After Portugal's heartbreaking 0-1 loss to Spain in the 2026 World Cup Round of 16, a poignant image of a tearful 41-year-old Cristiano Ronaldo circulated widely, marking what he confirmed was his final World Cup match. This moment sparked not just emotional headlines, but a high-stakes debate on the prediction market Polymarket. The platform had an active market on "Will Ronaldo cry at the World Cup?" Despite the apparent visual evidence, the event entered a dispute phase. Polymarket's strict settlement rules required "clearly identifiable tears" on his face within the pitch or bench area, leading traders to dissect footage—arguing whether the moisture was tears, sweat, or a reflection. With the "Yes" probability plunging below 20%, the outcome hinged on rule interpretation. However, Polymarket issued a crucial clarification, stating that qualifying photo and video evidence showed "Cristiano Ronaldo crying, with visible tears on his face" on the pitch post-match. This official ruling caused an immediate and dramatic reversal, sending the "Yes" probability soaring above 99%. The event, which saw over $22 million in volume, highlighted a potential shift in Polymarket's approach, suggesting a move towards aligning outcomes with mainstream perception when rules allow, rather than being dictated solely by technical loopholes.

Odaily星球日报8m ago

After C Ronaldo's Teary Farewell, Polymarket Stages a 'Tear Verification' Drama

Odaily星球日报8m ago

Here’s why Strategy’s $216M Bitcoin sale may not be bearish after all

Strategy's recent disclosure of a $216M Bitcoin sale, part of a larger $1.25B plan, did not trigger the severe market downturn some analysts feared. Instead, Bitcoin's price remained stable above $63K. Grayscale Research suggests this move could actually support BTC price stability by restoring confidence in Strategy's financial structure and helping the asset find a more durable bottom. This contrasts with the sharp drop seen in early June after a much smaller BTC sale. The firm's preferred stock (STRC) also rebounded following the announcement. While critics like Peter Schiff point to potential losses, the muted market reaction has led some analysts to view the resilience as a potential sign of a market bottom.

ambcrypto10m ago

Here’s why Strategy’s $216M Bitcoin sale may not be bearish after all

ambcrypto10m ago

Not Betting on Goals but on 'Tears': Polymarket Users Argue Over Ronaldo's Final World Cup Match

Title: Beyond Goals, Betting on Tears: Polymarket Users Clash Over Ronaldo's Emotional World Cup Exit On July 6, Portugal's 0-1 loss to Spain in the World Cup round of 16 marked the final tournament for Cristiano Ronaldo. The 41-year-old star's emotional reaction—red eyes, wiping his face, fighting back tears—was captured globally. Concurrently, a fierce debate erupted on the crypto prediction platform Polymarket over a specific market: "Will Ronaldo cry during the 2026 FIFA World Cup?" The market, with over $23 million in volume, saw its "YES" probability surge to 99% after the match, but the result was disputed and entered a final review phase. The core conflict centered on the market's precise rules: it required "clearly visible tears streaming down [Ronaldo's] face" in photos/videos taken on the field or bench area during Portugal's matches. While major media outlets described Ronaldo as "in tears" and footage showed him emotional, "NO" bettors argued visible tear tracks were not conclusively evident, only red eyes and dampness. Polymarket's official clarification on July 8 stated that eligible evidence existed showing Ronaldo crying with visible tears on his face post-match. The dispute now goes to a UMA oracle community vote for resolution. This incident highlights a recurring challenge for prediction markets: they excel with quantifiable events but can spark major controversies over subjective, visual, or emotional interpretations. It also serves as a reminder for participants to scrutinize rule wording meticulously, not rely on general perception. Ultimately, such high-profile disputes drive significant trading volume and attention for the platform.

Foresight News1h ago

Not Betting on Goals but on 'Tears': Polymarket Users Argue Over Ronaldo's Final World Cup Match

Foresight News1h ago

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