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lee

Tom Lee: The net effect of the war on the U.S. economy is positive, and the market has begun to price in favorable outcomes

Tom Lee, chairman of BitMine, a company in the Ethereum treasury, stated in an interview with CNBC, "The reason the stock market remains resilient is that even in the face of war, the economy is actually performing better than expected." He pointed out that defense spending is currently about $30 billion per month and could rise to $60 billion per month in the future, which has a significant stimulating effect on the economy; meanwhile, the rise in oil prices by $20 per month only adds about $12 billion in burden to households, "Overall, the war is actually helping corporate profits right now."Tom Lee cited historical precedents, saying, "Looking back at World War II, the stock market bottomed out in May 1942, just five months after the U.S. entered the war, and at that time, no American troops had even set foot on the European or Pacific battlefields." He believes, "The market is very good at pricing in outcomes ahead of time; the current rise in the stock market means that the market is pricing in a favorable outcome, although I can't clearly articulate the specific reasons, but that's the signal conveyed by the market's performance."Regarding the three major variables in the current market— the Iran war, corporate earnings reports, and interest rates—Tom Lee stated, "Among the three, only war can create tail events in both directions, so this is the variable that deserves the closest attention." In terms of sector allocation, he remains bullish on the energy sector and pointed out that energy security is one of the most important structural themes in recent years.

The US-Iran ceasefire boosts market sentiment, Tom Lee says the US stock market's phase bottom may have been confirmed

Due to Trump's announcement of a two-week temporary ceasefire between the U.S. and Iran, market risk sentiment quickly rebounded, and the three major U.S. stock indices saw a significant rebound. The Dow Jones Industrial Average rose more than 1300 points in a single day, marking its best performance in nearly a year; WTI crude oil futures, on the other hand, plummeted over 16%.Tom Lee, head of research at Fundstrat, stated that the current market has confirmed a phase bottom and is moving back toward historical highs. He pointed out that despite the previous surge in oil prices and escalation of conflicts, the stock market did not show a significant decline, indicating strong market resilience, while the ceasefire has become a catalyst for sentiment reversal.He expects that the S&P 500 index may rise to 7300 points within the year, which still has about 7.6% upside potential from the current level, and is optimistic about the subsequent performance of technology stocks, software, energy, and financial sectors. Among them, the "seven tech giants" are seen as the core driving force behind this round of rebound.Several institutional investors also believe that as geopolitical risks ease and oil prices fall, the market has entered a "relief rebound" phase, combined with the approaching earnings season, making the current time a potential window for buying on dips.

Bithumb is promoting the re-election of current CEO Lee Jae-won to maintain operational continuity and stability

According to the Korea Times, South Korea's second-largest cryptocurrency exchange, Bithumb, is still pushing for the re-election of its current CEO, Lee Jae-won, despite facing a series of controversies and regulatory penalties. Previously, on February 6, 2026, Bithumb experienced a serious operational error during a promotional event, resulting in the erroneous distribution of approximately 620,000 BTC, about 15 times the actual amount held by the exchange, to users. This exposed significant flaws in Bithumb's internal verification, asset management, and ledger systems. The error was discovered and controlled within 35 minutes, with the exchange freezing transactions and withdrawals for 695 affected accounts, claiming to have recovered 99.7% of the erroneously issued assets, but the incident still triggered a brief panic in the market.The Financial Intelligence Unit (FIU) under the South Korean Financial Services Commission imposed several penalties on Bithumb, including a six-month suspension of some operations, a 36.8 billion won (approximately 24 million USD) fine for anti-money laundering violations, a warning to CEO Lee Jae-won, and a six-month suspension for the reporting officer.CEO Lee Jae-won's term will end this month, and the company plans to hold a regular shareholders' meeting on March 31 to discuss a proposal to extend his term for another two years. Despite the significant failures and regulatory pressure, Bithumb has chosen to push for re-election to maintain operational continuity and stability rather than undergo a management reshuffle. In similar situations in the past, such as when Upbit's CEO transitioned to an advisory role after receiving a warning from the FIU, management often faced greater accountability.
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