According to reports from Wu, Bitmine Chairman Tom Lee stated that Wall Street is accelerating its layout in the cryptocurrency market, with Ethereum becoming the preferred network for institutions due to its technical stability and legal clarity. Lee believes the market is in a 'mid-cycle' stage, with institutions continuously buying BTC and ETH as the main reason for the increase. He predicts that if the Federal Reserve lowers interest rates in the coming months, Bitcoin will surge to $250,000, with a target price of $15,000 for Ethereum. Bitmine currently holds 625,000 ETH, with an asset scale of nearly $2.8 billion, aiming to accumulate 5% of the total ETH supply.

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