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šŸš€ ETH Soars to $4.47K: Tom Leeā€™s Billion-Dollar Bet & Fed Rate Cuts Fuel Crypto Frenzy

šŸš€ ETH Soars to $4.47K: Tom Leeā€™s Billion-Dollar Bet & Fed Rate Cuts Fuel Crypto Frenzy

Author:
Coindesk
Published:
2025-08-12 16:09:09
22
1

Ether Pumps to 5-Year High of $4.47K Alongside Tom Lee's Massive ETH Treasury Bet and Fed Rate Cut Hopes

Ethereum just smashed through its 5-year ceilingā€”trading desks are scrambling as the smart contract giant hits $4,470 amid perfect storm of institutional FOMO.

Wall Street's crypto darling gets a turbocharge

Fundstrat's Tom Lee reportedly parked 9 figures in ETH treasury reserves while CME futures traders price in 85% odds of a September Fed cut. 'When the macro tides turn, even the suits can't resist degens' yields,' quipped one OTC desk trader.

The cynical footnote? BlackRock's ETH ETF still hasn't approvedā€”but hey, when has paperwork ever stopped crypto from front-running regulators?

|Square

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