Happy Friday!

Ethereum is destined for bigger things and people are ‘rage quitting at the bottom’, according to BitMine’s Tom Lee. What makes him think ETH is comparable to NVDA?

SpaceX isn’t in a good place right now and prediction markets say the trend is not Elon Musk’s friend. What are traders predicting for SPCX this month?

Plus, every trade a member of Congress makes is public record, but most investors never see it in time to matter. When lawmakers quietly load up on specific stocks, Benzinga Edge members get the ticker, the size, and the timing the moment it hits public disclosure. The information has always been out there. Now you have the feed.

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TOP STORY

Tom Lee Says 'People Are Rage Quitting At The Bottom,' Compares Ethereum To Amazon, Nvidia, JPMorgan

BitMine Chairman Tom Lee says investors are "rage quitting" Ethereum at the bottom.

Lee pointed to Robinhood Chain crossing $1 billion in daily volume on Arbitrum as proof ETH is becoming money, with 27 million users paying gas fees in ETH without even thinking about it.

The thesis got a high-profile validation when Arthur Hayes reversed his bearish stance and accumulated 1,939 ETH through OTC deals with Galaxy Digital and FalconX.

SPECIAL OFFER

What Are D.C. Insiders Buying Before The Next Bull Run?

Every trade a member of Congress makes is public record, but most investors never see it in time to matter. When lawmakers quietly load up on specific stocks, Benzinga Edge members get the ticker, the size, and the timing the moment it hits public disclosure. The information has always been out there. Now you have the feed.

MARKET MINUTES

Bitcoin could go on a ‘strong run’, according to a technical analyst. His condition: it needs to get past $65,000 resistance first.

Ripple’s executives are backing the CLARITY Act, even though its chances to pass this year are dwindling on prediction markets: here are the latest developments.

Grant Cardone continues to accumulate Bitcoin and has amassed a 2,700 BTC stash already: what is his plan for this sizable chunk of digital gold?

FINTECH FOCUS

SpaceX Stock To Close Higher By July End? Probability On Crypto Prediction Market Falls From 61% To 32%

SPCX is tumbling and Polymarket bettors now assign a 68% chance the stock closes the month below its June 30 finish of $170.86.

The slide deepens a brutal post-IPO unwind that has wiped more than 40% off the stock since its June peak of $225.64.

The bearish momentum intensified Thursday night after SpaceX aborted its Starship launch when "some of the engines didn't start."

What is going on?

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