The Ethereum Foundation has sent another batch of coins for storage. According to Arkham, on April 3rd, the organization staked Ethereum worth $46.64 million. Now, the total amount of funds locked by the foundation has reached $96.59 million.#GateSquareAprilPostingChallenge

I just learned about Tom Lee—a well-known name on Wall Street—and realized he has some pretty interesting views on Ethereum. Tom Lee is not an ordinary figure in the finance world. He is a Korean-American stock market strategist, a Wharton graduate, who has worked at major institutions like Salomon Smith Barney and JPMorgan. What makes Tom Lee stand out is his ability to predict market trends based on data—he’s often called the “Wall Street numerologist.” In 2014, he co-founded Fundstrat Global Advisors, an asset management research firm with over $1.5 billion under management. But what I find most fascinating is that Tom Lee was the first to incorporate Bitcoin into mainstream valuation systems. In 2017, he published a valuation framework for Bitcoin as a gold alternative, predicting a central value of $20,300 by 2022. Today, he serves as chairman of BitMine Immersion Technologies, and notably, the company is shifting from Bitcoin mining to an Ethereum reserve strategy—holding over 833,000 ETH worth approximately $3 billion. So why is Tom Lee so optimistic about Ethereum? He believes this is the biggest macro trading opportunity in the next 10-15 years. The first reason is the rise of stablecoins—the market size has surpassed $2.5 trillion, with over 50% issued on Ethereum, accounting for about 30% of network transaction fees. Tom Lee predicts the stablecoin market will grow to $2-4 trillion, which will drive Ethereum usage and increase transaction fees. The second reason is the integration of traditional finance and AI. Ethereum, as a smart contract platform, supports on-chain finance, tokenized assets, and AI-controlled applications. This infrastructure is crucial for connecting traditional finance with the cryptocurrency world. Tom Lee’s path also reveals a new trend—Wall Street institutions are not just buying and selling but participating in consensus through staking Ethereum, acting like a “governance portal.” BitMine’s strategy of issuing shares, earning staking rewards, etc., increases the net asset value per share. If Tom Lee and others like him continue to push forward, Ethereum could see significant growth in the near future.

As of today, the Ethereum fund ($ETH) has virtually reached its staking goal for $ETH. According to the latest data from Arkham, the Ethereum fund is very close to reaching its staking goal, having placed an additional Ethereum worth $93 million. Today, the Ethereum fund staked ether ($ETH) in several stages for an amount of approximately $93 million, bringing the total staking volume to approximately 69,500 units. It has almost reached its staking goal of 70,000 $ETH, which it announced in February. In this regard, the fund states it will cease regular sale of $ETH in order to cover its estimated annual expenses of approximately $100 million and instead focuses on staking income, which is estimated to generate between $3.9 million and $5.4 million per year.#GateSquareAprilPostingChallenge