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Tom Lee Says 'Wars Are Good For U.S. Markets' And Bets $6.8B On Ethereum To Prove It
Bitmine has aunched MAVAN, an institutional Ethereum (CRYPTO: ETH) staking platform, with Chairman Tom Lee betting $6.8 billion in staked ETH on his thesis that “wars are going to be good for the U.S. economy and the U.S. stock market.”
Lee argues that markets bottom early into conflicts despite short-term uncertainty.
His research shows that across the last eight major war events, markets consistently bottomed very early into the conflict, creating buying opportunities for investors who can see past the immediate crisis.
“As much as the war is creating obviously a huge short-term setback and a lot of uncertainty, including effects on monetary policy, ultimately wars are going to be good for the U.S. economy and the U.S. stock market,” Lee said.
Bitwise says Circle stock selloff is overdone, eyes $75B valuation by 2030
Bitwise Asset Management pushed back Wednesday against the market’s reaction to Circle’s recent stock plunge, with CIO Matt Hougan arguing that the stablecoin issuer’s valuation could reach $75 billion by 2030 — well above current levels — and that investors are overreacting to legislative noise.
According to The Block, Hougan made the remarks in response to Circle’s (CRCL) share price cratering roughly 22% on Monday after a tougher draft of the CLARITY Act raised the prospect of banning stablecoin yield.
$15 Billion in Bitcoin Options Expire Friday as Trump's Iran Deadline Looms
There's nearly $15 billion worth of Bitcoin options contracts expiring on derivatives exchange Deribit on Friday.
That represents nearly 40% of the $36.5 billion worth of BTC open interest currently on the exchange. The derivatives exchange was acquired by Coinbase in a $2.9 billion deal in 2025, but still operates as Deribit.
Jean-David Pequignot, the derivative exchange's chief commercial officer, said the platform will see $17 billion total in options expire tomorrow, which includes Bitcoin and Ethereum. He flagged that geopolitical forces are timed to spike volatility on Friday.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Wednesday was $78.52 million. The total net asset value of Bitcoin spot ETFs is $90.57 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.43%.
The Bitcoin spot ETF with the highest net inflow on March 25 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $83.34 million, according to SoSoValue.
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