Author: NBTC

BitMine, the world’s largest Ethereum treasury firm, expects to generate more than $400 million in annual pre-tax income on its $13 billion worth of ETH, mostly by staking those holdings, chairman Thomas Lee said at the firm’s shareholder meeting on Thursday. Lee also told investors that BitMine “probably saved $400 million” on ether purchases over the past several months. He credited the investment advisory firm MOZAYXX and Tom DeMark, a well-known figure in trading circles, for the execution strategy. Despite the cost savings, BitMine’s current position still reflects roughly $2.3 billion in unrealized losses since the firm began buying ETH…

A16z crypto, a venture capital fund of Andreessen Horowitz (a16z), said it is expanding into Asia, opening an office Seoul and hiring Sungmo Park to head operations in the region. South Korea is the world’s second-largest crypto market, the Andreessen Horowitz unit said in a blog post. The office will work with founders by building partnerships, strengthening distribution channels, and accelerating community growth across the region, it said, pointing to high levels of crypto ownership in South Korea and Singapore, and growing onchain activity in Japan. While Hong Kong and Singapore have long been the financial capitals of Asia, South…

Three Democrats in the House of Representatives are asking US Securities and Exchange Commission (SEC) Chair Paul Atkins to provide information related to the agency closing investigations or dismissing enforcement actions in “at least one dozen crypto-related cases,” including Tron founder Justin Sun. In a Thursday letter to Atkins, Representatives Maxine Waters, Brad Sherman and Sean Casten questioned the SEC’s “priorities and effectiveness” given its dismissals of the crypto-related cases. The lawmakers wrote that the agency had “openly and boldly dismissed the majority of its crypto enforcement cases,” including those against crypto exchange Binance, Coinbase and Kraken. Source: House Financial…

Morph, a renowned on-chain settlement and payment platform, has integrated with RedStone Oracle, a prominent blockchain oracle ecosystem. The strategic integration improves real-time pricing reliability within Morph’s network. As per Morph’s social media announcement, the integration attempts to provide verifiable, accurate, and secure price feeds for financial settlements and payments on-chain. Thus, the move fortifies Morph’s capability to back real-world financial utilities at scale. Reliable pricing for the real world.Morph is integrating with leading modular oracle @redstone_defi to deliver secure, real-time price feeds.Together, we’re strengthening data accuracy across payment and settlement flows onchain.Learn more ↓ pic.twitter.com/9AQrFJM54S — Morph (@MorphNetwork) January…

Ethereum network activity has shown a sharp increase in new users, with “activity retention” almost doubling over the past month, according to crypto on-chain analytics platform Glassnode. Month-over-month “activity retention” shows a sharp spike in the new cohort, “indicating a surge in first-time interacting addresses over the past 30 days,” Glassnode reported on Thursday. It added that this reflects a notable influx of new wallets engaging with the Ethereum network, “rather than activity being driven solely by existing participants.” New activity retention, or new network addresses, has spiked from just over 4 million to around 8 million addresses this month.…

Following the Federal Reserve’s announcement of a 25 basis point interest rate cut, in line with expectations, US President Donald Trump made noteworthy comments regarding the economy and the Fed’s management. Trump argued that the rate cut was insufficient, saying the US economy had “much greater potential.” In his statements, Trump said that the US could achieve “much better results than conventional data indicates,” suggesting that the economy could achieve strong growth without creating inflation. The president stated that “GDP growth of over 3% or 4% is easily possible,” and, more ambitiously, raised expectations to a peak with the question,…

Less than a day after Coinbase dramatically pulled support for the Senate’s crypto market structure bill, derailing a vote that would have sent the legislation to the Senate floor, the crypto industry is reeling—and wondering whether their coveted legislation now stands any chance of passage. Coinbase CEO Brian Armstrong announced on Wednesday his company would no longer support the bill as written, less than 24 hours before the Senate Banking Committee was due to vote on it. After a chaotic evening, pro-crypto senators ultimately opted to delay the vote—and have yet to reschedule it. “Today’s response from some in the…

Base led Ethereum’s layer-2 fee rankings on January 14, generating about $147,000 in daily revenue, far ahead of Arbitrum’s roughly $39,000 and Starknet’s $9,000, according to figures shared by CryptoRank.io. The data points to a sharp concentration of activity on one network, even as most other Ethereum scaling chains struggled to clear $5,000 in fees over the same 24-hour period. Base Pulls Ahead as Fee Data Shows Widening Gaps CryptoRank said Base’s share of total Ethereum L2 revenue was nearing 70% based on the January 14 snapshot, while all other L2s combined brought in just over $15,000. Linea posted around…

Ethereum is holding a firm footing near $3,317 as traders watch whether the rally can stretch higher on the 4-hour chart. Recent price action shows ETH regaining momentum after clearing a key resistance band around $3,300–$3,320. This move has helped confirm a short-term bullish continuation setup, with higher highs and higher lows forming across the latest swings. Besides the breakout, Ethereum has also stayed above its major moving averages, which traders often treat as a signal that buyers still control the trend. ETH Breakout Holds Above Key Technical Zones Ethereum pushed above the $3,300 area and kept the level as…

The Federal Reserve has lowered interest rates by 25 basis points to a target range of 3.50%–3.75%, delivering the cut markets overwhelmingly expected — but without offering clear momentum toward further easing. Today’s decision was non-unanimous, reinforcing the uncertainty that has dominated investor sentiment over the past week. Guidance Is the Market Focus, Not the Cut The FOMC acknowledged slowing job gains, a higher unemployment trend through Q3, and inflation that has ticked higher since early 2025. While policymakers noted that downside risks to employment have risen, they stopped short of committing to a sustained cutting cycle. Instead, today’s statement…