TechFlow reports, June 29, according to PRNewswire, Tom Lee, Chairman of Ethereum treasury company Bitmine, stated that as the end of the June quarter approaches, it is not surprising to see "window dressing" behavior in the market, as some investors tend to reduce holdings of assets that have performed poorly over the past three months, thereby exerting certain pressure on the short-term prices of cryptocurrencies. Last week was relatively difficult for crypto investors, with ETH falling approximately 8%, but positive progress still emerged in industry fundamentals, including the establishment of Ethlabs and the Bank of England's stance on stablecoins softening.
Tom Lee added that the long-term development prospects of the crypto market remain positive, with core drivers stemming from two major structural trends: first, the continuous migration of the Wall Street financial system to crypto infrastructure, and second, Agentic AI payment systems gradually being built on blockchain. Bitmine will continue to focus on long-term cycles and strategically position itself around these "exponential growth drivers," and still expects to achieve the "5% share of Ethereum's circulating supply" target by 2026.
