In a video for Fortune magazine's latest "Crypto Playbook," BitMine Chairman Tom Lee suggests the bubble for digital asset treasury companies may have burst. While Ethereum has struggled at times in recent years amid the proliferation of other blockchains and its own technical challenges, Lee argues that Ethereum remains "Wall Street's blockchain," particularly as financial firms explore applications for stablecoins and various tokenized assets (many of which are native to Ethereum). Lee noted that as more digital asset treasury companies enter the public markets, many are already trading at a discount to their net asset value (NAV), or the value of their underlying cryptocurrency holdings. "If that's not a bubble burst, then what is?" she asked. (Fortune)