Author: NBTC

Bitcoin’s (BTC) network hash rate has dropped 4% over the last 30 days, marking the sharpest decline in nearly 2 years. At the same time, increased volatility and a decline in prices highlight mounting stress among miners as profits dwindle. However, according to investment management firm VanEck, the miner capitulation may signal a bottom. Bitcoin Mining Power Falls as Price Weakness and China Shutdowns Hit Network VanEck’s mid-December 2025 Bitcoin ChainCheck report highlighted that 4% dip in the network hashing power was the largest since April 2024. The contraction comes amid a difficult month for Bitcoin, with the price sliding…

In a move that has captured the crypto community’s attention, BitMEX co-founder Arthur Hayes has made a significant transaction. On-chain data reveals that Arthur Hayes deposits ETH worth approximately $1.5 million to the institutional giant, Galaxy Digital. This action, spotted by the analytics firm Lookonchain, is more than a simple transfer—it’s a potential signal of a major strategic shift from one of the industry’s most influential figures. What Does Arthur Hayes Depositing ETH Really Mean? The transaction involved 508.647 Ethereum tokens. When a high-profile founder like Hayes moves such a large sum, analysts immediately look for the motive. Lookonchain suggests…

Bitcoin’s price plunged at the start of the week. However, it significantly recovered losses through a weekend rebound, stabilizing near $106,000 mark. The weekly decline, which had approached -10%, ultimately closed at -4.99%. The rebound was driven by news of an imminent end to the US government shutdown and a social media post from President Trump. ‘Big Short’ Rumors Triggered Initial Plunge The initial drop was sparked by deteriorating sentiment in the US stock market. On Tuesday, news broke that famous bear Michael Burry had established a $1.2 billion short position in AI stocks like Nvidia (NVDA) and Palantir (PLTR).…

A South Korean lawmaker has urged the country to swiftly move forward with the institutionalization of stablecoins to protect its payment sovereignty. According to Rep. Min Byoung-dug of the Democratic Party of Korea, the move will also help the country stay competitive in a rapidly changing financial system. The Korean lawmaker made this known while speaking at the final session of the eighth Global Business Forum, hosted by Herald Business in Seoul. He urged the Korean government to work with traditional financial institutions to accelerate efforts to legalize and expand the use of stablecoins in the country. The Korean lawmaker…

The number of mining farms in Russia has seen a significant increase over the past year, since Moscow legalized the crypto activity in 2024. The upward trend is largely due to growing investments in the sector following its recognition as a legitimate business, industry sources say. Others claim illegal mining is contributing, too. Russia counts its cryptocurrency farms using AI tech Farms minting digital currencies like Bitcoin have increased by 44% this year despite a ban that’s now covering a dozen Russian regions, affected by energy shortages blamed on the mining boom. Their total number has reached 196,900, according to…

Ethereum price today trades near $2,950, stabilizing after a sharp rejection from the $3,100 area earlier this week. The rebound follows a sweep into the $2,750 to $2,800 zone, where aggressive bids emerged and forced short-term sellers to step back. While the bounce offers near-term relief, Ethereum remains capped below key EMA resistance, keeping the broader structure under pressure heading into December 20. Buyers Defend $2,800 As Order Book Support Emerges Short-term downside momentum slowed after Ethereum dipped into the $2,750 to $2,800 region. Order book data from Binance shows more than $150 million in bids stacked across that zone,…

The US government has been shut down for over a month. While this has negatively impacted markets, including cryptocurrencies, the long-awaited agreement may finally be coming. The first step toward reopening the government has been taken, with the US Senate passing a temporary funding bill that will fund the government until January, according to The Block. The bill passed with 60 votes in favor and 40 against. This decision followed reports that senators had reached a partial deal to end the government shutdown. Fourteen previous Senate votes failed to meet the 60 votes needed to enact the budget bill. While…

A coalition of 125 crypto groups is pushing back against U.S. Senate efforts that could tighten stablecoin rewards rules. The dispute centers on whether Congress should expand the GENIUS Act’s ban beyond stablecoin issuers to platforms and apps. Industry leaders warn that changing the rules now could hurt consumers and tilt payments back toward traditional banks. A new policy fight is taking shape in Washington. More than 125 crypto and fintech organizations, led by the Blockchain Association, have urged the U.S. Senate Banking Committee to reject efforts that would expand restrictions on stablecoin rewards under the GENIUS Act. The group…

One whale recently made it abundantly evident that Ethereum is in a tense situation. Address 0xed41 opened a 20x short on 9,940 ETH (~$29.3M) while simultaneously purchasing 9,638 ETH (~$28.76M) on spot through Hyperliquid and Lighter, the same dimensions, the same moment, the opposite way. Ethereum’s price already back This is significant because it shows how smart money currently perceives ETH. After a robust recovery, the price is currently hovering just under $3,000, but the overall structure is still damaged. Every rally in the last few weeks has been difficult to sustain, and ETH is still below major moving averages.…

Saudi Arabia’s government is preparing to introduce stablecoins under national regulation, drawing praise from global crypto exchanges that see the Kingdom’s move as a milestone for digital finance. Saudi Arabia Eyes Stablecoin Launch According to a report from Alarabiya.net, the official website of the Saudi-owned international news channel Al Arabiya, the Minister of Municipal, Rural Affairs, and Housing, Majed al-Hogail, said Riyadh is working with the Capital Market Authority (CMA) and the Saudi Central Bank (SAMA) to launch regulated stablecoins soon. The effort aligns with the country’s Vision 2030 program, which seeks to diversify the economy and modernize the financial…