Author: NBTC

Trump family-linked media corporation Thumzup plans to acquire 3,500 Dogecoin mining rigs and expects to bring in as much as $103 million in annual revenue, depending on whether Dogecoin hits a dollar. In a shareholder letter released on Thursday, Thumzup Media Corporation revealed that it has executed definitive agreements, pending shareholder approval, to acquire a Dogecoin (DOGE) mining operation with an initial 2,500 rigs and 1,000 more ordered. In August, the company said it is pivoting from an adtech platform to cryptocurrency mining through the pending acquisition of DogeHash Technologies, which operates the Dogecoin miners. The combined company will be…

Curve Finance has launched FXSwap, a new type of cryptopool specifically designed for foreign exchange and low-volatility trading pairs onchain. Curve’s New AMM Design Aims to Bring Forex Markets Onchain The implementation introduces a “refuel” mechanism where a stream of external funds maintains high liquidity density around the market exchange rate. This design ensures traders receive optimal pricing while liquidity providers earn fees from increased volume without active position management. According to the team, this addresses a historic challenge where onchain liquidity for such assets has been thin, often pushing activity to centralized exchanges and over-the-counter (OTC) desks. FXSwap aims…

BitMine Chairman Tom Lee, one of the leading figures in the crypto markets, made a very optimistic price prediction for Ethereum (ETH). Tom Lee: Ethereum Could Reach $12,000 by the End of the Year Lee predicted in a livestream interview that ETH could reach $5,500 in the next few weeks and trade in the $10,000-$12,000 range by the end of the year. Lee noted that Ethereum is increasingly becoming a preferred blockchain platform by Wall Street institutions, emphasizing that ETH’s current value is still significantly underpriced by the market. According to him, Ethereum’s growing ecosystem, institutional interest, and use cases…

Strategy shares fell 3.5% after Nasdaq revealed it was beginning to scrutinize how companies raise funds for cryptocurrency purchases. According to The Information, the stock market now requires some companies to obtain shareholder approval before issuing new shares to purchase cryptocurrencies. This could slow the recent trend of crypto-focused companies. Increased scrutiny has led to delayed deals and heightened market uncertainty, while other crypto-related stocks were also negatively impacted. Bitmine Immersion fell 8.7%, while SharpLink Gaming fell 9%. The spot price of Bitcoin also fell 2.5% during the session. The report noted that companies that do not comply with the…

The Bitcoin mining industry’s competition intensifies after a recent halving, with leading firms like Marathon Digital showcasing strong output and holdings. Meanwhile, other players face significant challenges, reflecting a dynamic and evolving market landscape. Competition Becomes Fiercer The Bitcoin mining industry is entering a fiercely competitive phase following the 2024 halving, because operating costs continue to rise. This has forced many smaller miners to exit the market, leaving the playing field to large publicly listed mining firms. As a result, the concentration of mining in large companies also causes the market to face the problem of centralization. According to CompaniesMarketCap,…

The world of decentralized finance (DeFi) is constantly evolving, and a recent development within the Uniswap ecosystem highlights this dynamic shift. The Uniswap governance community is currently engaged in a crucial vote that could reshape its operational future. This isn’t just another proposal; it’s a strategic move to establish a new legal entity in the U.S. state of Wyoming, signaling a significant step towards formalizing certain off-chain functions for the leading decentralized exchange. Why is Uniswap Governance Eyeing Wyoming? At the heart of this discussion is the proposed entity, tentatively named DUNI. This new structure is designed to handle the…

Cryptocurrency whales, or big investors, are buying hundreds of millions of Ether, as analysts point to an organic rotation of investor mindshare toward altcoins with more upside potential. Nine “massive” whale addresses bought a cumulative $456 million worth of Ether (ETH) from Bitgo and Galaxy Digital, blockchain data platform Arkham said in a Tuesday X post. The growing whale demand for the world’s second-largest cryptocurrency signals the market’s “natural rotation” into Ether and other altcoins with more upside potential, according to Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen. “A lot of this looks like natural rotation, investors locking…

China Renaissance, once hailed as China’s “M&A King,” is reshaping its future around digital assets. The boutique investment bank approved a $200 million allocation to Web3 in 2025. That includes $100 million invested in BNB Chain’s native token, BNB, through a strategic deal with YZi Labs, formerly Binance Labs. From M&A Legacy to Digital Assets The decision marks a turning point for the firm, which built its reputation brokering China’s landmark internet mergers. From the tie-up of ride-hailing giants Didi and Kuaidi to the merger of Meituan and Dianping, the firm thrived in an era of hyper-growth. Yet as China’s…

The cryptocurrency world is buzzing with an exciting development from Cango, a company originally known for its auto trading services. In a truly remarkable turn of events, Cango announced an astounding performance in the second quarter, primarily driven by its robust Cango BTC mining operations. The company successfully mined a significant 1,404 Bitcoin (BTC) during this period. This achievement isn’t just a number; it represents a profound strategic shift. What’s even more striking is that these mining activities accounted for a staggering 98% of Cango’s total revenue, which reached an impressive $140 million for the quarter. This highlights a powerful…

Decentralized finance (DeFi) total value locked (TVL) has surged 41% so far in the third quarter of 2025, surpassing $160 billion for the first time since May 2022. DeFi TVL Ethereum and Solana, seen as key indicators of DeFi activity, led the growth. Ethereum’s TVL jumped 50% from $54 billion in July to $96.5 billion today, while Solana’s rose about 30%, from $10 billion to $13 billion over the same period, per DeFiLlama. The broader DeFi ecosystem’s growth reflects increased activity in lending, borrowing, and decentralized exchange (DEX) trading. Moreover, there has been renewed investor interest following regulatory clarity from…