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Crypto Daily｜Tom Lee Said ETH Is The Most Important Super Cycle Story; Polymarket Targets $10B Valuation Amid Plans for US Relaunch

TigerSep 15, 2025 5:50 AM

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Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitdeer reports 33% rise in self-mined bitcoins in August

Bitdeer Technologies (NASDAQ:BTDR) self-mined 375 bitcoins in August, an increase of ~33% from the past month due to higher average self-mining hashrate from energization of SEALMINERs.

Self-mining hashrate rose by 35% to 30.0 EH/s on continued deployment of SEALMINERs. "Our operational team continues to execute and we are well on our way to achieving our ambitious target of 40 EH/s of self-mining by the end of October 2025.” said Matt Kong, Chief Business Officer at Bitdeer.

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

Blockchain prediction market Polymarket is preparing a return to the United States as it eyes a potential $10 billion valuation, according to a Friday report by Business Insider.

The company is reportedly in discussions to raise new capital that could more than triple its last known valuation of $1 billion in June. Polymarket allows users to trade outcomes of real-world events without relying on a centralized bookmaker.

Tom Lee: Ethereum is the most important super cycle story in the next 10-15 years

Tom Lee, Chairman of the Board of BitMine and co-founder of Fundstrat, stated that Ethereum will be one of the most important supercycle stories of the next ten to fifteen years. As a smart contract platform, Ethereum is censorship-resistant and resilient, and has remained 100% online since its inception.

He explained that when a company establishes a treasury business on Ethereum and holds a sufficient share (e.g., 5% of the supply), it triggers a "power law" effect: not only does it have a positive impact on the company itself, but it also enhances network security through staking and has the potential to drive the prosperity of the entire DeFi ecosystem. Such a company will become the "kingmaker" in the ecosystem.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $642.35 million. The total net asset value of Bitcoin spot ETFs is $153.18 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.62%.

The Bitcoin spot ETF with the highest net inflow on Sep 12 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $315.18 million. Following that was iShares Bitcoin Trust ETF , with a net inflow of $264.71 million.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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