Author: NBTC

Riding bitcoin’s climb to levels last glimpsed in early February, the network’s raw processing muscle has rocketed to a record-setting 929 exahash per second (EH/s), a horsepower figure that illustrates just how fiercely miners are competing to add the next block. Miners Power Up: Bitcoin Network Reaches Record 929 EH/s Bitcoin’s hashrate surged roughly 3 EH/s above the 926 EH/s peak logged Tuesday, April 8, 2025, highlighting a steady march higher rather than a single‐day jolt. On Friday, May 9, 2025, the tally briefly kissed 929 EH/s before settling near 924.78 EH/s at 10 a.m. Eastern, showcasing an almost-ceaseless hum…

Crypto developer activity has slowed down to levels not seen since 2018, despite the constant project launches. Activity, as measured by GitHub commits, is lower across the board, while Ethereum retains a 40% share of new code deliveries. Crypto projects are slowing down their open-source activity. Developer activity has returned to levels not seen since 2018, based on open-source repository commits. Open-source activity peaked in August 2023, at 176K weekly commits. The Ethereum ecosystem is responsible for around 40% of all additions, with 28.7K in weekly commits. At its peak, the Ethereum ecosystem produced 93.2K commits. Developer activity and the…

Bitcoin’s price is coasting along at $101,251 on May 8, 2025, leaving a 7.44% gap before reaching its all-time high. With a market capitalization of $2.01 trillion and a 24-hour trading volume of $58.84 billion, bitcoin’s current positioning reveals a complex but bullish technical landscape, as it ranged intraday between $95,967 and $101,711. Bitcoin On the daily chart, bitcoin shows dominant bullish momentum with a confirmed breakout above the prior consolidation zone. The move is supported by increasing volume, validating the recent upside push. The current support band rests between $93,000 and $95,000, while resistance is projected above $102,000. Traders…

The crypto market has experienced a significant surge in trading activity this week, following the US Fed’s decision to hold interest rates steady. Amid the broader rally, on-chain data has revealed whale accumulation in several key altcoins. Here are the top altcoins that crypto whales have been buying in the second week of May. Ethereum (ETH) Leading altcoin ETH has emerged as one of the assets that crypto whales have paid attention to this week. The altcoin has reclaimed $2,000 following the Federal Reserve’s dovish stance and the successful implementation of its Pectra Upgrade two days ago. These catalysts have…

B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock Exchange (B3) has announced new developments in the crypto side of its investment offering. The institution disclosed the launch of ether and solana futures contracts to diversify its crypto product offering for potential investors interested in these assets. The products, which will be available on…

On May 6, 2025, Vietnamese tech firm 1Matrixofficially unveiled the nation’s first Layer-1 blockchain network designed, built, and operated entirely by Vietnamese engineers. This launch in Hà Nội marks a defining step for Vietnam as it moves towards full ownership of core digital infrastructure. In contrast to most blockchain platforms developed abroad, this new network is homegrown — from consensus algorithms to user interfaces — and aims to support public data systems, digital finance, and government services. At the launch ceremony of 1Matrix (Image: Vietnam Blockchain Association) What is 1Matrix, and Why It Matters 1Matrix is not a typical blockchain…

On Thursday, bitcoin’s price jumped to $102,819, hitting a peak not seen since Feb. 3, and plenty of analysts point to a growing wave of institutional involvement as the driving force behind the climb. Wall Street’s Growing Appetite Sends Bitcoin Soaring Past $102K The institutions are here in full force, or so the chatter goes, as corporate players and exchange-traded funds (ETFs) scoop up more BTC from the open market. With bitcoin cracking the $100,000 mark today, market watchers and crypto industry specialists chimed in with their thoughts on the latest upward run. “Under the surface, spot ETF flows remain…

A significant move in the decentralized finance (DeFi) space has caught the attention of the crypto community. World Liberty Financial (WLFI), a project reportedly associated with the Trump family, has recently made a substantial acquisition of Wrapped Ethereum (WETH) and Wrapped Bitcoin (WBTC). Understanding the World Liberty Financial Purchase According to data shared by on-chain analyst @ai_9684xtpa on X, World Liberty Financial completed a notable World Liberty Financial purchase. The transaction involved acquiring 1,587 WETH and 9.7 WBTC. At the time of the analysis, the combined value of these digital assets was estimated to be approximately $4.94 million. This acquisition…

Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC). The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money. The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce. The new law includes transitional provisions that maintain the validity of transactions made before…

Large movements of cryptocurrency on the blockchain often capture the attention of the market, and for good reason. These significant transactions, often dubbed ‘whale’ movements, can sometimes signal shifts in market sentiment, potential large-scale trading activity, or strategic positioning by major players. Recently, a notable event involving a substantial USDT transfer from a major exchange has done just that, sparking considerable discussion and speculation within the crypto community. What Happened: A Massive OKX USDT Transfer The crypto world was alerted to a significant transaction when the popular blockchain tracker, Whale Alert crypto, reported a movement of 200,000,000 USDT. The stablecoin,…