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Tom Lee: Ethereum Could See 'Capitulation Event' in 2026, ETH to Reach $12K

2026.01.17 18:04:09

On January 17th, Tom Lee—BitMine Chairman and Fundstrat Co-Founder—told the firm’s latest shareholder meeting that Ethereum is central to the next wave of financial infrastructure evolution, with 2026 likely marking a critical year for its full-scale breakout. Lee noted Ethereum hit an all-time high against BTC in 2021, and that ratio is poised to exceed its prior peak by 2026 amid accelerating real-world asset tokenization and mainstream adoption by financial institutions and users. Standard Chartered also labels 2026 the “Year of Ethereum,” projecting ETH to reach $12,000. BitMine’s business model stands to gain directly from rising ETH prices: historical correlation analysis suggests the firm’s (BMNR) stock could theoretically hit ~$500 if ETH reaches $12,000. Moreover, BitMine benefits from ETH staking rewards and robust cash reserves. It currently holds ~4.2 million ETH and ~$1 billion in cash, with projected pre-tax income of $402M–$433M under current conditions. If ETH rises to $12,000 and the firm controls ~5% of Ethereum’s supply, pre-tax income could expand to $2B–$2.2B.
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OUSD’s circulating value surpassed $470 million within two hours of its launch, with more than 90% of that total on the Tempo Chain.

Open Standard US stablecoin OUSD has launched, with its total on-chain supply reaching approximately 477.3 million tokens just two hours after launch. Its reserve assets amount to $477.3 million, resulting in a 100% reserve coverage ratio. The reserve breakdown is as follows: US Treasuries account for roughly $211.2 million (44.25%), while USD cash makes up about $266.1 million (55.75%). On the Tempo Network, OUSD has a circulating supply of 434.2 million tokens, with its cumulative transfer volume hitting $533.9 million.

4 hours ago

Goldman Sachs has pushed back its forecast for the Federal Reserve's interest rate hike from October to December.

Goldman Sachs said Wednesday’s U.S. inflation data, paired with New York Fed President John Williams’ comments yesterday, has led the firm to now view an October Federal Reserve interest rate hike as unlikely. Economists Jan Hatzius, David Mericle, and Alec Phillips noted in a research report that, based on the latest inflation data, they project fourth-quarter core PCE year-over-year growth will reach 3.0%, well below the 3.4% median forecast from FOMC participants. The bank has thus pushed back its expectation for a second rate hike to December, and believes the FOMC has a high likelihood of ultimately determining no further rate increases are needed.

4 hours ago

The yield on the 10-year U.S. Treasury note climbed to 5.29%, marking a new high since 2007.

The yield on the US 10-year Treasury note rose to 5.29%, hitting a new high since 2007.

4 hours ago

Developer of meme coin SI sold off 32% of the token’s supply, missing out on $15 million in potential profits.

Bubblemaps stated in a post that meme coin Super Inu (SI) was launched around the time former US President Donald Trump pushed to rebrand artificial intelligence as "Super Intelligence", and the token rallied rapidly after Trump publicly used the "SI" shorthand. On-chain data reveals wallet 9pkJqJ created SI, minting 20% of its total supply for itself, then acquired an additional 12% via eight other wallets, bringing its total holdings to 32% of the token’s supply. The wallet later sold all its SI for approximately $24,000; had it held onto the tokens, they would now be valued at around $15 million. The developer repurchased SI after selling prematurely, but by that point the token’s price had already surged.

4 hours ago

ENS founder denies issuing tokens on Robinhood Chain, stating that the mnemonic phrases for the relevant accounts have long been made public.

Ethereum Name Service (ENS) founder Nick Johnson has released a statement denying that he issued tokens on Robinhood. He explained that the relevant account was created for a Twitter contest, where participants needed to find the account’s mnemonic phrase from an image. The account and its mnemonic phrase have thus long been public, and are not his private account intended for token issuance.

4 hours ago

US SEC plans to relax private investment thresholds, pushing retail investors to enter the private market.

The U.S. Securities and Exchange Commission (SEC) on Wednesday unveiled a series of reform proposals aimed at expanding individual investors’ access to private markets, enabling more retail investors to gain exposure to private equity, early-stage startups and other alternative assets. One proposal would allow registered investment advisors to charge performance fees of up to 20% based on fund performance, aligning the fee structure closer to the “2% management fee + 20% performance fee” model used by some hedge funds, in a bid to attract more private fund managers to serve individual investors. SEC Chair Paul Atkins stated that the commission aims to explore ways to expand individual investors’ participation in private markets while preventing fraud and misconduct. The SEC also proposed expanding the definition of an “accredited investor” to qualify more individuals with professional credentials, including certified public accountants (CPAs) and Chartered Financial Analysts (CFAs), as eligible investors.

4 hours ago

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