Latest Market Updates: As of 10th April 2026.
Tom Lee: The Bottom is In, Bullish on ETH and BTC
In an interview with CNBC, Fundstrat co-founder Tom Lee suggested that broader markets may already have formed a bottom, pointing to recent price action as evidence of stabilization.
He argued that a prolonged phase of sector rotation has effectively redistributed capital across equities, producing what he described as a “rolling correction” rather than a single sharp downturn. According to this view, the gradual adjustment has reduced immediate downside pressure and could support a renewed upward trend across multiple asset classes.
Moreover, Lee expressed continued bullishness on risk assets, particularly Bitcoin and Ethereum, alongside selective strength in large-cap technology, software, and energy sectors.
However, he cautioned that inflation remains a key risk factor. Any renewed acceleration in price pressures, he warned, could interrupt or delay the recovery narrative.
BitMine Shifts to NYSE, Expands $4B Buyback Plan
In equities news, BitMine Immersion Technologies confirmed its transition from Nasdaq to the New York Stock Exchange. The move is part of a broader effort to scale institutional visibility and liquidity.
Alongside the listing change, the company significantly expanded its share repurchase program, increasing authorization to $4 billion from $1 billion. According to data cited by Fundstrat, this places it among the largest buyback programs announced in 2026.
In parallel, the firm also disclosed continued accumulation of Ethereum, reporting holdings of approximately 4.8 million ETH over the past nine months, around 4% of total supply, bringing it close to its stated 5% target.
Solo Bitcoin Miner Beats Massive Odds to Win $222K
Meanwhile, in a rare event, a solo Bitcoin miner secured a full block reward despite limited computing power.
According to mempool data, the miner processed block 944,306 using approximately 70 TH/s of hash power, earning a total reward of 3.128 BTC, worth roughly $222,000 at the time. The payout consisted primarily of the block subsidy, with a small portion from transaction fees.
Notably, the operation was conducted via CKPool’s European server, with developer Con Kolivas confirming the event.
In a post on X, Kolivas emphasized the extreme improbability of such an event. Specifically, he estimates that a miner of this size would statistically expect a successful block only once every ~300 years. At the time, the Bitcoin network’s total hashrate was approximately 1.02 zettahashes per second, underscoring the rarity of the outcome.
Congratulations to miner bc1q~edvj with only 70TH for solving the 313th solo block at https://t.co/AvNND5PHDY!
A miner of this size has only a 1 in ~100,000 chance of solving a block per day, or once every 300 years!https://t.co/14Q5vIFAXs pic.twitter.com/jeMnSZ7JUG— Dr -ck (@ckpooldev) April 9, 2026
Binance Founder Highlights the Strategic Importance of Blockchain and AI
On another front, in a conversation with Scott Melker, Binance founder Changpeng Zhao emphasized the strategic importance of emerging technologies.
In particular, he identified the internet, blockchain, and artificial intelligence as the most influential sectors of recent decades. According to Zhao, countries that fail to embrace any of these areas risk falling behind in global competition.
Turning to the United States, Zhao suggested that earlier policy decisions may have pushed parts of the crypto industry elsewhere. However, he pointed to a recent pardon by Donald Trump as a possible sign of policy change.
Zhao added that while the U.S. leads in regulation, it has lost some liquidity and market participants, though it retains the ability to adapt.
Toncoin Whales Accumulate Despite Market Decline
In parallel with these developments, on-chain data from Santiment indicate steady accumulation in Toncoin, with large holders adding approximately 189,730 TON over the past three months.
Interestingly, this accumulation occurred amid a broader drawdown, with TON declining roughly 60% over the past year.
At the time of reporting, Toncoin traded near $1.26, with a market capitalization of approximately $3.11 billion, according to CoinMarketCap, placing it among the top 30 crypto assets globally.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
