BitMine chairman Tom Lee links AI selloff and Anthropic IPO to crypto pressure

Lee says margin calls, IPO cash-raising and returned hack funds may be weighing on crypto, but he remains bullish on Ethereum Crypto’s latest slump may have less to do with crypto than you’d think. Tom Lee, chairman of BitMine Immersion Technologies (NYSE: BMNR), says three liquidity events may be adding selling pressure to digital assets: margin calls tied to falling AI and semiconductor stocks, investors raising cash ahead of Anthropic ’s IPO, and returned funds connected to a $6.3 billion Binance hack. The first drain is the AI trade.