@Polymarket Actually not this announcement was already pre planned and has been in the qatar education and school calendar for the past one year to have a 2 day break this week.
BREAKING: President Trump is floating several "off ramps" for Iran just hours after the strikes launched by Israel and the US, per Axios.
Trump says:
1. He can end the situation in "two or three days"
2. This would involve threatening Iran with further military action if they rebuild nuclear programs
3. He can also "take over the whole thing" if he wants to
4. "The Iranians got close and then pulled back" on recent deal talks
5. Today's miliary operation has been named Operation Epic Fury
Trump's US-Iran deal appears to still be a possibility.
BREAKING: Silver prices extend gains to +6% on the day, now at a record $76/oz.
Silver is now on track for its largest monthly gain since December 1979.
TOM LEE: THERE IS NO SCENARIO WHERE WE SELL ETHEREUM
Bitmine has accumulated ~4% of ETH’s total supply in ~5 months and they don’t plan to sell any of it.
Instead, they’re staking it. That stack alone is expected to generate $1M+ per day in net income once fully staked.
This is how institutions think: $ETH isn’t a trade, It’s a yield-producing asset.
Michael Saylor: never sell your Bitcoin. 💎 👐
Tom Lee: never sell your Ethereum. 💎 🤝
Wall Street is recognizing:
Ethereum is the future of finance
Tom Lee @fundstrat, gentleman and scholar 🧐, is Chairman of Bitmine
Ticker: $BMNR $ETH @BitMNR
Coinbase is buying ETH
Last quarter Coinbase increased its ETH holdings by $100m.
That's 148k ETH worth $617m.
ETH and BTC are the two assets Coinbase continues to accumulate for its treasury.
This makes sense.
The 1st generation of Coinbase was built on bitcoin. First a bitcoin payments app, then an exchange with bitcoin as liquidity king - btc remains important.
The 2nd generation of Coinbase is built on ethereum. The Base L2 generates $100m / yr and just winding up - Coinbase will move its entire onchain - all secured by Ethereum.
$300m in BTC buys this quarter.
$100m in ETH buys this quarter.
Total portfolio mix:
73% BTC
27% ETH
Both of the store of value assets in crypto.
They're not just buying ETH.
They're scaling Ethereum.
As they scale Base - they're scaling Ethereum.
From a "Scaling Base" post this week they're:
- Accelerating timelines for Fusaka
- Improving execution clients (TrieDB, reth)
- Investing in Zkproofs
- Innovating state expiry solutions
Base is scaling Ethereum tech with the goal of achieving a 10k TPS L2 by early 2026.
There's FUD that Base is parasitic to Ethereum.
But this looks like symbiosis to me.
@brian_armstrong and @jessepollak are doing it right.
Build on Ethereum.
Own ETH.
Ethereum = world ledger
ETH = world reserve asset
Ethereum’s “ChatGPT moment”?
Tom Lee @fundstrat talks with @CathieDWood and @wintonARK about BitMine's evolution and why he believes Ethereum will surpass Bitcoin in market cap to become the base layer of the financial internet.
Watch the new FYI now! https://t.co/BYawqVYlil