Author: NBTC

Bitmine, chaired by market oracle Tom Lee, announced that it purchased more than $800 million worth of Etheruem (ETH) over the past week. In an official statement, the company reported that it had $8.82 billion in crypto and cash assets as of August 24. The company stated that it holds 1,713,899 Ethereum, 192 Bitcoin, and $562 million in cash, worth $4,808 per token. The company’s holdings added more than 190,500 Ethereum, up $2.2 billion from the $6.6 billion reported the previous week. BitMine’s cryptocurrency holdings rank it the number one Ethereum treasury firm and the second global crypto treasury firm…

Crypto infrastructure provider Utila raised $22 million in its latest fundraising round nearly tripling its valuation in the last six six months, the firm told CoinDesk. The round was led by Red Dot Capital Partners with Nyca, Wing VC, DCG and Cerca Partners among investors also participating, extending the March Series A funding round to $40 million. Founded in New York and Tel Aviv, Utila provides a digital asset operations platform tailored for enterprises working with stablecoins. The system handles payments, treasury and trading functions, while offering compliance and continuity features for businesses. The firm’s customers include payment providers, neobanks…

Binance has set a new record for Bitcoin futures trading, hitting its highest volume in August. This surge is being interpreted as a clear signal of growing speculative appetite among both retail and institutional traders. According to crypto analyst Arab Chain, Binance’s total futures volume for August reached $2.626 trillion, an all-time high for 2025. This figure surpasses the previous record of $2.552 trillion set in July, reflecting a powerful return of market momentum and a fresh influx of capital. The analyst points to strengthened liquidity on Binance, which is solidifying its position as a dominant global futures marketplace. Is…

Polygon, the largest blockchain network born in India and now a global leader in Web3 infrastructure, has completed its most significant transformation: the transition from MATIC to POL. This change marks a monumental shift not only for the Indian community but for the entire cryptocurrency and decentralized finance landscape. The new POL token is not just a rebranding, but introduces a true technological revolution. POL is designed to power the rapidly expanding Polygon ecosystem, supporting payments, tokenized assets, stablecoins, and Web3 applications used by millions of people worldwide. POL: the engine of the new generation blockchain Real utility and innovation…

P2P.org launched a new plug-and-play DeFi widget in partnership with Lido, Veda, and Seven Seas. The widget allows wallets to integrate Ethereum (ETH) network rewards directly, giving users access to DeFi vault features without leaving their wallets. The ETH DeFi Vault combines Lido’s staking expertise, Veda’s vault infrastructure, and Seven Seas’ management tools to deliver auto-compounding and portfolio diversification. Users can earn estimated rewards of 8–10% APY, with no fees during the initial launch period. Integration for wallet providers requires no custom development and can be completed in less than a day. Why the Widget Matters Until now, ETH reward…

Ethereum price is on track for its strongest Q3 since the network launched in 2015, gaining 83% so far and fueling forecasts that it could reach as high as $7,500 by year-end. Summary Ethereum price is on track for its strongest Q3 since 2015, already up 83% compared with a historical median of 8.19%. Institutional inflows are driving momentum, with $11B year-to-date into ETH funds and U.S. spot ETFs now holding over $23B. Network upgrades like Pectra have cut rollup costs and lifted staked ETH to 35M (29% of supply), strengthening fundamentals. Analysts forecast Ethereum could climb toward $6,000–$7,500 if…

Key Takeaways Stephen Miran will appear before the Senate Banking Committee today for his confirmation hearing as President Trump’s nominee to the Federal Reserve Board. Miran’s confirmation could impact Fed policy decisions ahead of the September rate-setting meeting. The Senate Banking Committee will hold an open hearing at 10 a.m. today on the nomination of Stephen Miran to the Federal Reserve Board of Governors. Miran, currently leading the Council of Economic Advisers, was put forward by President Trump to fill the vacancy left by Adriana Kugler. The hearing comes amid Trump’s push to bring the central bank under closer White…

Crypto custody heavyweight Fireblocks has unveiled its own payments network to help participants move stablecoins around. The Fireblocks Network for Payments is designed to combine on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems. The network’s participants already number more than 40 and include Circle (CRCL), developer of USDC, and stablecoin platform Bridge. Fireblocks described the new network as a stablecoin equivalent to SWIFT, which enabled banks around the world to more easily send money across borders, in an announcement on Thursday. The…

Bitcoin may look untouchable, but quantum hardware has already shown the beginning of its end. The question is no longer if but when. Summary A researcher using IBM’s 133-qubit machine cracked a six-bit elliptic curve key, proving Shor’s algorithm works on real hardware beyond theory. History shows cryptographic systems once considered secure, from Enigma to DES to SHA-1, eventually fell as computing methods advanced. Bitcoin relies on 256-bit elliptic curve cryptography, which remains unbreakable today, but quantum computing threatens to reduce that strength to a solvable problem. Experts estimate billions of physical qubits would be needed to break Bitcoin’s keys,…

Hemi Network, a Bitcoin Layer-2 network, today announced a strategic collaboration with Owlto Finance, a decentralized cross-rollup bridge designed for Layer-2 solutions. This partnership is a mutual relationship as it aims to benefit the strength of these two companies. For Hemi Network, this alliance marks an important move that enables it to expand its transaction services and interoperability capability within the broader on-chain Layer-2 ecosystem. For Owlto Finance, it leverages this partnership to widen its network growth and user adoption. Hemi Network is a Layer-2 network aiming to unlock the value of Bitcoin for DeFi applications. On the other hand,…