Wall Street veteran drops major hint ahead of Trump's 3PM announcement

Core Insights - Tom Lee, a Wall Street veteran, hinted at potential movements in risk assets ahead of President Trump's announcement, which could impact markets significantly [1][3] - Trump's previous tariff rhetoric against China led to a substantial decline in the crypto market, erasing nearly $20 billion in value [2] - A notable crypto whale profited from shorting Bitcoin and Ethereum prior to Trump's announcement and is now reportedly going long on Bitcoin, indicating possible insider knowledge [2][3] Company Insights - Tom Lee is the chairman of BitMine, a significant player in the digital asset treasury space, which holds over 3 million ETH tokens valued at approximately $12 billion [4][5] - BitMine is recognized as the second-largest digital asset treasury company globally, following Michael Saylor's Strategy [4][5] - Lee's experience includes over a decade at JPMorgan Chase and co-founding Fundstrat Global Advisors, enhancing his credibility in the crypto sector [4][5] Industry Insights - The digital asset treasury (DAT) sector is experiencing signs of saturation, with many DATs trading below their net asset value, raising concerns about a potential bubble [6] - Despite the challenges, Lee maintains a bullish outlook on Ethereum, referring to it as the "blockchain of Wall Street," and predicts significant price increases for Bitcoin and Ethereum by the end of 2025 [6] - Current trading prices for Bitcoin and Ethereum are reported at $109,133.76 and $3,959.39, respectively, indicating ongoing volatility in the market [7]