The Daily: Bitcoin slide renews four-year cycle fears, BitMine’s Tom Lee calls unrealized ETH losses ‘a feature, not a bug,’ and more
Bitcoin's drop revives four-year cycle fears, Tom Lee defends ETH losses, and Ripple integrates Hyperliquid into its prime brokerage.Summary
The daily crypto market update highlights that Bitcoin's recent 40% drop from its peak is renewing fears of a classic four-year cycle downturn, though K33 research suggests a full 80% collapse is unlikely due to structural differences like institutional adoption. Separately, BitMine chair Tom Lee argued that the firm's unrealized ETH losses are an expected part of their long-term strategy, calling it "a feature, not a bug." In other news, Ripple Prime completed its first DeFi integration by adding Hyperliquid, allowing institutions to trade onchain derivatives alongside centralized assets. Furthermore, Bitwise is acquiring staking provider Chorus One, and Fidelity has launched its stablecoin, FIDD, for retail and institutional investors.
(Source：The Block)