Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Bitcoin Mining Profits Hit 14-Month Low After Winter Storm Rocks Miners: CryptoQuant

MiningJan 31

Bitcoin miners are struggling to eke out a profit lately amid the asset’s falling price and external complications, including a winter storm that rocked a large chunk of the United States last weekend, impacting the production of top mining firms. A ratio that tracks the relationship between Bitcoin’s price and the profitability of running Bitcoin mining operations has hit a 14-month low, according to data from CryptoQuant. “The miner profit/loss sustainability index is at 21, the lowest since November 2024,” the firm wrote in its latest mining report, released Thursday. In other words, with Bitcoin’s price falling sharply this week…

Lido’s new stVaults will let L2s create their own rules for Ethereum staking

DeFiJan 31

The Lido Labs Foundation unveiled stVaults on the Ethereum mainnet on Friday. stVaults marks a shift from a single-product model toward shared staking on the protocol through opening its infrastructure to external builders. In simple terms, stVaults let other teams plug into Lido’s staking system instead of building their own from scratch. Until now, developing an Ethereum staking product typically meant setting up validators, integrations and liquidity independently, which can be a costly and complex process. stVaults aim to lower that barrier by letting builders use Lido’s existing plumbing while customizing how staking works for their users. stVaults are isolated…

Railway secures $100 million to expand AI-ready cloud platform

RegulationJan 31

Railway, a San Francisco-based full-stack cloud platform that has grown to two million developers without marketing, announced Thursday that it landed $100 million in Series B funding to scale its sub-second deployment platform amid rising demand for speed and efficiency in software development. The funding round was led by TQ Ventures and included participation from FPV Ventures, Redpoint, and Unusual Ventures. Prior to this round, the company had raised a total of $24 million, including a $20 million Series A from Redpoint in 2022. Improvements in AI coding are forcing developers to reconsider deployment strategies, as traditional cloud infrastructure struggles…

South Korea’s Coinone Explores Sale of Chairman’s Stake

ExchangesJan 31

A Coinone representative has reported that the firm is talking with prominent overseas exchanges and local financial institutions. Shares held by local gaming company Com2uS, which possessed around a 38.42% stake between 2021 and 2022, could also possibly be comprised in any deal. The third-biggest cryptocurrency exchange in South Korea, Coinone, is looking for the sale of shares held by its chairman, as revealed via a report from local news outlet Seoul Economic Daily. The exchange is looking for different options to sell a portion of Chairman and biggest shareholder Cha Myung-hoon’s 53.4% stake, as revealed by the report. The…

BitGo stock gains 25% in opening trades on NYSE as investors bet on the ‘plumbing’ of the crypto world

RegulationJan 31

Crypto custodian BitGo (BTGO) began trading on the New York Stock Exchange today, opening at $22.43 per share after pricing its IPO at $18 late Wednesday, marking one of the first big-ticket crypto firms to go public this year. The offering valued the company at around $2 billion — well below other recent crypto listings, such as stablecoin issuer Circle (CRCL), which debuted at nearly $7 billion last year. BitGo provides custody and security services for digital assets, primarily catering to institutional clients and has quietly become a key part of the crypto market's back-end infrastructure. The firm is the…

CZ rules out return to Binance, predicts 2026 Bitcoin supercycle

ExchangesJan 31

Binance co-founder Changpeng Zhao has ruled out returning to the crypto exchange, despite a pardon from US President Donald Trump opening the door for it to be possible. Zhao told CNBC’s Squawk Box on Sunday that it’s his understanding that the pardon means the former restrictions “are completely lifted,” but shot down any suggestions of going back to Binance. “I haven't really needed to go back. I didn't really want to. I thought it was a pretty good way for me to step down, away from Binance after seven years,” he said. “At the time, it was very painful. I…

Circle CEO says USDC is a neutral layer, not a rival to Visa or Mastercard

RegulationJan 31

Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies. Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view card networks such as Visa or Mastercard as competitors, describing them instead as “significant partners.” According to Allaire, stablecoins are “network effect businesses,” with usage and circulation increasing as more developers and institutions integrate, adding that Circle operates as a “neutral company” that does not compete with banks, payment companies or exchanges.…

Ink-based Perp DEX Nado Airdrops Official NFT Collection

NFTJan 31

Nado, a perpetual derivatives decentralized exchange (DEX) on Ink, Kraken’s Ethereum Layer 2 network, airdropped its official non-fungible token ($NFT) collection to early users yesterday. Dubbed Templars of the Storm, the collection was airdropped to the platform’s top pre-alpha phase users who chose to forgo a distribution of Ink points to receive the $NFT instead. The floor price of the collection is currently 0.45 $ETH ($1,200). Templars of the Storm Floor Price The collection has generated 141 $ETH ($385,000) in trading volume since its launch, making it the second most traded $NFT collection over the last 24 hours, trailing only…

Powerful Pro-Bitcoin BlackRock Exec Could Become Next Fed Chair

RegulationJan 31

The race to replace Jerome Powell as Chairman of the Federal Reserve has taken a sharp turn toward Wall Street’s most powerful asset manager. Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, has seen his odds of securing the nomination surge in recent days. According to data from prediction market Polymarket, Rieder’s odds of being nominated have jumped from single digits earlier this month to 32% as of Thursday. He is now the second-leading contender, closing the gap with former Fed Governor Kevin Warsh, who leads the pack at roughly 44%. The sudden repricing follows reports from Bloomberg…

Positive Signs for Shiba Inu as 29,169,846 SHIB Disappears from Exchanges in 24 Hours

ExchangesJan 31

A combination of on-chain and market activity is supporting bullish sentiment for Shiba Inu despite the ongoing consolidation. Yesterday, millions of Shiba Inu disappeared from exchanges, hinting at renewed accumulation despite price uncertainties. Additionally, key network metrics are turning green, further amplifying the momentum in the meme coin’s ecosystem. Key Points Yesterday, millions of Shiba Inu disappeared from exchanges, hinting at renewed accumulation despite price uncertainties. The 82,066,732,850,077 $SHIB in reserve on January 25 has dropped to 82,066,703,680,231 $SHIB today, culminating in the 29 million $SHIB difference. Total exchange outflow also stood at 256 billion $SHIB, while inflow was 183.5…