Tom Lee: Ethereum the Second Best Performing Asset Since the Middle East Conflict, Behind Only Top Safe Haven

According to Bitget market data, South Korea’s KOSPI index extended its early-session rally to 2.00%, with Samsung Electronics gaining 4% and SK Hynix rising 2%.

According to monitoring by Onchain Lens, an Ethereum genesis wallet holding 2,680 ETH, currently valued at approximately $5.05 million, has become active for the first time after over 11 years of dormancy. The wallet’s holdings were worth roughly $830 in 2015, representing a profit multiple of more than 6,080 times.

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) today filed separate civil lawsuits against Goliath Ventures and its founder Christopher Delgado, accusing them of operating a crypto Ponzi scheme through unregistered securities offerings. The firm raised at least $425 million from over 1,300 investors, promising to deploy funds into crypto liquidity pools for monthly returns of 3% to 10% while guaranteeing principal safety. In reality, no funds were actually invested; the company used new investors’ capital to pay early backers, fabricated account balances and performance metrics, and paid commissions to sales agents who recruited investors. Delgado personally embezzled at least $51 million for luxury spending. In its parallel lawsuit, the CFTC noted that roughly 1,600 customers were lured into trading bitcoin and ether, suffering combined losses of at least $397 million. In November 2025, the firm could no longer quickly raise enough funds to meet redemption obligations, and collapsed entirely after halting monthly distributions. Delgado had previously pleaded guilty to charges of conspiracy to commit wire fraud, wire fraud, and money laundering. The U.S. Department of Justice stated on June 30 that at least $400 million flowed into Goliath. Delgado admitted to causing at least $250 million in investor losses and agreed to forfeit real estate, vehicles, luxury goods, bank accounts, and crypto wallets traceable to the scheme. Delgado has agreed to a split settlement with the SEC, subject to court approval, which will permanently bar him from violating relevant securities laws, engaging in securities trading (except for personal accounts), and associating with broker-dealers. The court will separately rule on the disgorgement of illegal proceeds, pre-judgment interest, and civil penalties.

Super Micro Computer (SMCI) released its fiscal 2026 fourth-quarter financial results, reporting revenue of $11.12 billion, nearly doubling from $5.76 billion in the year-ago period, though slightly missing analysts' expectations of $11.3 billion to $11.6 billion, mainly due to delays from customers related to power, cooling and networking. Gross margin improved sharply to 17.5%, exceeding not only the company’s preliminary forecast of 15% to 17% last month, but also the initial expectation of 8.2% to 8.4%. Adjusted earnings per share (EPS) came in at $1.70, far surpassing analysts’ estimate of $0.92; net profit reached $1.17 billion, compared to just $195.2 million in the same period last year. The company also issued strong guidance: it projects revenue of $14.5 billion to $15.5 billion for its first fiscal quarter (ending in September), with adjusted EPS of $1.01 to $1.10, well above analysts’ consensus estimate of around $12 billion; fiscal 2027 revenue guidance is set at $65 billion to $72 billion, far exceeding analysts’ expectations of $52.5 billion to $54.4 billion. New orders exceeded $60 billion, while backlog hit an all-time record; nine clients each contributed over $1 billion in revenue in fiscal 2026, compared to four in the year-ago period. According to market data from BIT (bit.com), SMCI closed up 0.45% and rose an additional 7.56% in after-hours trading.

According to Bitget market data, South Korea’s KOSPI index opened up 75.05 points, or 1.18%, to 6,420.58 points. Both Samsung Electronics and SK Hynix rose more than 1%. Japan’s Nikkei 225 index opened up 17.26 points, or 0.03%, to 66,987.48 points.

According to OnchainLens monitoring, a crypto whale has sold Ethereum worth $9.59 million. Over the past hour, the whale transferred 5,100 ETH (approximately $9.59 million) to FalconX, Galaxy Digital, and Coinbase, likely for over-the-counter (OTC) trading. Specifically, 2,440 ETH (valued at around $4.59 million) was sent to FalconX; 1,180 ETH (about $2.22 million) to Galaxy Digital; and 1,480 ETH (roughly $2.78 million) to Coinbase.