Tom Lee: Bitcoin Could Rally to $250,000 in Several Months, Ethereum Poised to Reach $12,000
On December 4th, Tom Lee—Chairman of Ethereum Treasury firm BitMine—said at Binance Blockchain Week that he expects Bitcoin to hit $250,000 in the coming months. He also noted that if Ethereum’s price relative to Bitcoin reverts to its average over the past eight years, ETH could climb to roughly $12,000.
Lee pointed out that Ethereum has started breaking out of its five-year trading range, and the trend of asset tokenization by 2025 will boost ETH’s utility value.
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Vitalik: PeerDAS Implementation in the Fusaka Upgrade to Enable Ethereum Sharding, with the Next Two Years Focused on Optimizing PeerDAS Stability
December 4th, Vitalik Buterin celebrated the successful Ethereum Fusaka upgrade, noting that the PeerDAS implementation in the upgrade enabled sharding and data availability sampling — a long-held dream for Ethereum.
While increasing blob capacity has delivered a secondary boost to Layer 2 transaction scale — with recent analysis projecting L2 fees could drop 40-60% — Layer 1 will remain constrained until zk-EVMs mature, requiring both distributed block construction and a sharded mempool.
This marks a key milestone for blockchain scalability, closing a decade-long gap in Ethereum’s roadmap since its sharding vision was first laid out in 2015. Over the next two years, focus will shift to optimizing PeerDAS stability and expanding the L1 gas limit to drive broader throughput gains.
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Santiment: Ethereum's current rebound is benefiting from strong buyouts by "Whale Wallets," accumulating 450,000 ETH in the past two weeks
On December 4, Ethereum’s price surged to $3,215, fueled primarily by aggressive buying from “whale wallets” holding 1,000 to 10,000 ETH. This cohort has been a key driver of Ethereum’s price gains in 2025.
Graph data shows the group accumulated 450,000 ETH total between November 18 and December 2.
Additionally, the daily number of new wallets on the Ethereum network hit 190,000.
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When a certain smart money bought bibi at a $1 million market cap, the principal increased nearly 50 times.
On December 4th, per GMGN monitoring (via the link: https://t.me/gmgnaibot?start=i_m4TE56o8), a Smart Money address (0x41a) on the BSC chain purchased ~16.5 million Bibi (Binance Bibi) tokens one month ago for roughly $2,700. At the time, the meme coin’s market cap was ~$1 million, and the address ranked 10th on the holder list.
With Bibi’s recent sharp price surge, the address partially sold its holdings when the market cap hit the $2–3 million range. It now holds an unrealized profit of ~$122,000, turning its initial investment into nearly a 50x return.
Additionally, Bibi’s current market cap is reported at $10.2 million—down 24% from its all-time high—with the token trading at ~$0.01 apiece.
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The UK listed company Hamak Strategy has raised £2.5 million to support Bitcoin purchases and gold exploration.
**December 4** — UK-listed firm Hamak Strategy has closed a £2.5 million funding round, with proceeds earmarked to support its Bitcoin treasury strategy and African gold exploration efforts.
Earlier this year:
- On July 30, Hamak Gold (a related entity) bought its first 20 bitcoins.
- On October 15, Hamak Strategy raised £35 million in a funding round to back investments in gold and Bitcoin.
### Notes on U.S. language habits:
1. Used **"closed a funding round"** (common for U.S. startup/finance news) instead of "completed a financing round";
2. Swapped **"bought"** (casual, widely used in U.S. business updates) for "purchased";
3. Added **"proceeds earmarked"** (standard phrasing for fund allocation in U.S. media);
4. Kept time format as **Month Day** (U.S. preference over Day Month);
5. Clarified "Hamak Gold" as a *related entity* (helps U.S. readers follow the two affiliated firms).
No Chinese characters included, aligned with U.S. business news brevity and to
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