Oil Traders See OPEC+ Completing Supply Revival With New Surge
All of the 17 traders and analysts polled by Bloomberg predict that Saudi Arabia and its partners will approve a further hike of 548,000 barrels per day for September at a video conference on Aug. 3. OPEC+ delegates have said a provisional plan for this is already in place.
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Yahoo
7 minutes ago
- Yahoo
This Unstoppable Cryptocurrency Could Soar 300% By the End of 2025, According to Tom Lee of Fundstrat
Key Points Ethereum could hit $15,000 by the end of the year, according to Tom Lee of Fundstrat. The convergence of Wall Street finance and blockchain finance is leading to higher valuation targets for Ethereum. Stablecoins could be the perfect use case for Ethereum, helping it reach a mainstream audience. 10 stocks we like better than Ethereum › In the crypto market, all eyes are now on Ethereum (CRYPTO: ETH), which is up a head-spinning 50% over the past 30 days. The price of Ethereum is now $3,600, with no signs of slowing down anytime soon. In fact, Tom Lee, the co-founder of Fundstrat and the chairman of a new Ethereum Treasury Company, thinks a fair price for Ethereum could be as high as $15,000. And he thinks Ethereum might get there by the end of the year. But is he right? Could Ethereum really skyrocket 300% in a span of mere months? The Wall Street convergence theory Central to Tom Lee's thesis is the idea that the worlds of Wall Street finance and blockchain finance are converging. Terms like "stablecoins" and "tokenization" are becoming mainstream, and the new crypto policies of the Trump administration have been very bullish for crypto. That would seem to suggest big things ahead for the world of decentralized finance (DeFi), which is a broad, catch-all term for all the new financial products and services that blockchain technology makes possible. According to Tom Lee, Ethereum is Wall Street's favorite blockchain. It's big, it's global, and it's a name that has been around for more than a decade. Everyone remembers Ethereum as the powerhouse that led the way during the previous crypto bull market rally of 2020-2021. Right now, Ethereum accounts for roughly 50% of the stablecoin market and 60% of the tokenized assets market, so it's easy to make the case that it is, indeed, the favorite blockchain of Wall Street. Other Layer 1 blockchains have emerged in the past few years, but none have made a significant dent in Ethereum's market dominance. So, on this basis alone, I agree with Tom Lee that Ethereum could be significantly undervalued. A "ChatGPT moment" for Ethereum? But here's where things get really interesting. In a recent interview with CoinDesk, Tom Lee suggested that stablecoins could represent a "ChatGPT moment" for Ethereum. Think back to 2022. Nobody heard of generative AI until ChatGPT appeared. Now, nobody can stop talking about it. Tom Lee thinks the same sort of phenomenon is going to happen with Ethereum, and it will all start with stablecoins. They are the perfect type of use case to demonstrate the power of the Ethereum blockchain. Admittedly, just about everyone seems to have fallen in love with stablecoins this summer. The U.S. government loves them because they could help to solve some major macroeconomic problems. Retailers love them because they could help to eliminate credit card processing fees. Financial institutions love them because they could generate new yield strategies. The number of companies rumored to be launching new stablecoins is almost too big to list, and includes heavyweights in the tech, retail, and financial services industries. However, things get dicey once you start to talk about valuation. In order to get from $3,600, where Ethereum is now, to $15,000, where Ethereum needs to be by the end of the year, a lot needs to go right. To make the numbers work, Tom Lee has suggested that Circle Internet Group (NYSE: CRCL), issuer of the USDC (CRYPTO: USDC) stablecoin, could be a useful valuation comp. In other words, he wants investors to value Ethereum the same way that they are valuing Circle, which went absolutely ballistic after its June IPO. Can you trust the hype? Just remember -- in addition to his role at Fundstrat, Tom Lee is also chairman of Bitmine Immersion Technologies, an Ethereum Treasury Company. So, he has a vested interest in talking up the price of Ethereum. People are already drawing parallels between Tom Lee at Bitmine Immersion Technologies and Michael Saylor at Strategy. When was the last time you ever heard Saylor say that the price of Bitcoin was going to fall? Remember, too, that at the beginning of the year, many people were ready to forget all about Ethereum. The blockchain seemed to be broken, developers were demoralized, and Vitalik Buterin, the co-founder of Ethereum, hinted he might quit. The price of Ethereum fell for the first few months of the year. That is, until the announcement of the first publicly traded Ethereum Treasury Company at the end of May. That's what really kicked off all the buzz around Ethereum. And, to extend the ChatGPT analogy, there is now a whole host of rival AI projects -- including Grok, Claude, and DeepSeek -- that are arguably just as good, or even better, than ChatGPT. The same thing is true in the blockchain world. Ethereum might get all the buzz, but other Layer 1 blockchains, including Solana, might be just as good, or even better. That leads me to think that maybe the hype around Ethereum is building to unsustainable levels. While I can easily see Ethereum making a run at its all-time high of $4,891 within the next 12 months, it seems almost impossible that Ethereum is headed to $15,000 by the end of 2025. Should you invest $1,000 in Ethereum right now? Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Dominic Basulto has positions in Bitcoin, Circle Internet Group, Ethereum, Solana, and USDC. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. This Unstoppable Cryptocurrency Could Soar 300% By the End of 2025, According to Tom Lee of Fundstrat was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
8 minutes ago
- TechCrunch
AI data analyst startup Julius nabs $10M seed round
Julius AI, a startup that describes itself as an AI data analyst, announced it has raised a $10 million seed round led by Bessemer Venture Partners. Horizon VC, 8VC, Y Combinator, the AI Grant accelerator participated in the round along with several high-profile angel investors, including Perplexity CEO Aravind Srinivas, Vercel CEO Guillermo Rauch, and Twilio co-founder Jeff Lawson, among others. Founder Rahul Sonwalkar launched Julius after graduating from Y Combinator in 2022, and pivoting away from the logistics startup he'd been building during the accelerator program. Julius is designed to act like a data scientist by analyzing and visualizing extensive datasets and then performing predictive modeling from natural language prompts. Even with functionality similar to that found in ChatGPT, Anthropic's Claude, and Google's Gemini, Julius has carved out its own niche. The company said it has more than two million users and generates more than 10 million visualizations. 'The easiest way to use Julius is to just talk to it,' Julius AI founder Rahul Sonwalkar told TechCrunch in an earlier interview. 'You can talk to the AI like you would talk to an analyst on your team, and the AI, like a human would go, run the code and do the analysis for you.' Questions that Julius can answer and present in a chart include: 'Can you visualize how revenue and net income correlate for different industries in China versus US?' Julius' specialization in data science even caught the eye of Harvard Business School (HBS) professor Iavor Bojinov last year. Bojinov was so impressed he asked Sonwalkar to modify Julius specifically for HBS' new required course called Data Science and AI for Leaders. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW 'People told us you're not going to succeed,' Sonwalkar said about building a product that's similar to features available from the foundational model companies. 'What we found was that being focused on a use case is really important.' While going through YC, Sonwalkar also masterminded a viral prank. The morning after Elon Musk acquired Twitter (now X), reporters encountered two men with boxes outside of the company's headquarters. One of the two men was Sonwalkar, who introduced himself as a recently laid-off Twitter engineer 'Rahul Ligma.' Despite some notoriety gained from the stunt, Somwalkar insists that his startup is a lot more attention-worthy. 'I don't think many people know me for that anymore,' he told TechCrunch in an earlier interview. 'I get recognized for Julius a lot more now.'
Bloomberg
9 minutes ago
- Bloomberg
Union Pacific Bid Values Norfolk Southern at About $320 a Share
Union Pacific Corp. is nearing an agreement for a stock-and-cash deal for Norfolk Southern Corp. that would value the smaller rival at about $320 a share, people familiar with the matter said, in what would be the rail industry's biggest-ever tie-up. The offer would be comprised of about two-thirds stock and one-third cash, said the people, who asked not to be identified because the information is private. At $320 a share, Norfolk Southern's equity value would be about $72 billion, according to Bloomberg calculations.
