🚨 Ethereum Drama: Tom Lee’s 100x Dream Gets Roasted by Kang 🚨

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Welcome to the US Crypto News Morning Briefing-your daily dose of crypto chaos and confusion, served with a side of sarcasm. 🥳

Grab your coffee (or your crypto tears) because the Ethereum (ETH) debate is hotter than a Solana transaction fee. Wall Street’s bold claims are clashing with crypto-native researchers, and let’s just say, it’s a mess. At stake? Whether Ethereum’s buzzwords like “stablecoin adoption,” “digital oil,” and “institutional demand” are worth more than a meme coin’s whitepaper. 🍿

Crypto News of the Day: Kang Drops the Mic on Tom Lee’s ETH Fantasy

Ethereum’s long-term valuation just got a reality check after DeFi researcher Andrew Kang shredded Tom Lee’s latest ETH thesis like it’s a poorly written smart contract. 😬

Tom Lee’s 100x dream for ETH hinges on a “macro super cycle,” fueled by Wall Street adoption, AI integration, and BitMine’s compliance. He’s predicting ETH could flip Bitcoin’s market cap, with targets of $4,000 to $15,000 by 2025. Long-term? $20,000 or more, because why not? 🚀

Kang’s response? “One of the most retarded combinations of financially illiterate arguments I’ve ever seen.” Ouch. That’s gotta leave a mark. 😂

Kang’s main beef? Stablecoin and RWA adoption won’t magically turn Ethereum into a cash cow. His proof? “Tokenized asset value and stablecoin volumes are up 100-1000x since 2020, but fees? Practically the same.” Mic drop. 🎤

“Since 2020, tokenized asset value and stablecoin transaction volumes have increased 100-1000x…Fees are practically at the same level as in 2020,” Kang noted, probably while sipping a latte. ☕

Why the disconnect? Ethereum upgrades, stablecoin migration to other chains, and low-velocity assets that generate fees like a sloth on a Monday. 🦥

Kang’s verdict? The real winners are Solana, Arbitrum, and Tempo. Even Tether’s expanding to new chains like Plasma and Stable. Ethereum? Left eating their digital dust. 🏎️💨

“Solana, Arbitrum, and Tempo are seeing most of the early big wins,” he wrote, probably while Ethereum was still loading. ⏳

Lee’s “digital oil” comparison? Kang’s not having it. “Oil’s price has been range-bound for a century. ETH as a commodity? Not bullish.” Burn. 🔥

“ETH could be viewed as a commodity, but that’s not bullish,” he argued, probably while wearing a ‘Crypto Realist’ t-shirt. 👕

Institutional Demand? More Like Institutional Meh.

Lee’s bullish case on institutions staking ETH? Kang’s response: “No major financial institution has bought ETH for their balance sheet. Banks don’t stock up on gasoline; they just pay for it when they need it.” Zing! 🏦

“Do banks stock up on barrels of gasoline because they continually pay for energy? No. They just pay for it when they need to,” the analyst posed, probably while rolling his eyes. 🙄

Lee’s claim that ETH could be worth as much as the entire financial infrastructure sector? Kang calls it “pure delusion.” Oof. 😵

Technically speaking, Ethereum’s chart looks more like crude oil than a rocket ship. It’s stuck in a $1,000-$4,800 range, and Kang’s not impressed. “Multi-year range,” he says. Yawn. 😴

“The strongest observation is that Ethereum is in a multi-year range,” he said, probably while checking his Solana portfolio. 📈

Kang’s final word? Ethereum’s valuation is more about “financial illiteracy” and macro liquidity than fundamentals. Without major changes, ETH risks underperforming. Ouch again. 😢

Chart of the Day

Ethereum Chart Drama

Byte-Sized Alpha

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2025-09-24 18:43