Author: NBTC

UK-based and publicly traded Union Jack Oil, along with Reabold Resources and other partners, announced that it has signed a non-binding letter of intent with Texas-based 360 Energy to build a Bitcoin mining facility. British oil and gas company Union Jack Oil signs agreement with Texas-based 360 Energy to mine Bitcoin at West Newton field Under the agreement, natural gas extracted from the West Newton gas field in England will be used to power data centers to be built on the site. These centers are planned to be used for Bitcoin mining. The initiative aims to efficiently utilize fossil fuel…

Key takeaways Ether dropped below the $3,400 level over the weekend as the broader market underperformed. The coin is now trading above $3,500 and could rally towards the $3,700 level soon. Ether rebounds from the weekend’s sell-off Ether, similar to the broader cryptocurrency market, underperformed last week. The second-largest cryptocurrency by market cap lost 8% of its value over the last seven days and hit a low of $3,359 on Saturday. The poor performance was caused by several macroeconomic factors. The Federal Reserve kept interest rates the same while the Fed Chair suggested that there is no certainty over a…

According to Chicago-based trading giant CME Group, Solana (SOL) and XRP futures “spiked” in July. The products generated $6.5 billion and $6 billion worth of trading volume, respectively, according to data provided by the trading behemoth. Overall, July was “a record-breaking month” for the sector, CME says. Multiple major cryptocurrencies, including Bitcoin, XRP, and BNB, recorded fresh record highs. Ethereum (ETH), while falling short of logging a new record high, still logged a new peak in interest and trading volume. The impressive trading activity coincided with the Ether/Bitcoin ratio finally rebounding after months of extremely severe underperformance. Strong demand Earlier,…

While the Ethereum ecosystem continues to expand with multiple Layer 2 (L2) networks — designed to improve scalability and reduce fees — the data shows it may not always be financially viable for decentralized finance (DeFi) protocols to deploy iterations on all of these networks. DefiLlama data shows that for protocols that have expanded the most across the Ethereum ecosystem, over 90% of fees or revenue still come from the mainnet, with L2s contributing only a small share. Aave, the largest DeFi money market, generated over $65 million in fees in July 2025, converting roughly $9 million into revenue. But…

South Korea’s leading banks are eyeing faster entry into the crypto and stablecoin markets. The announcement comes as executives around the crypto industry predict upcoming laws at the national level will pave the way for mass issuance of stablecoins and other digital asset services. The move prompts the biggest lenders, including Shinhan, Woori, KEB Hana, and KB Kookmin, to create in-house task forces and digital asset teams. These dedicated divisions are creating crypto custody services, stablecoins, digital wallets, and blockchain partnerships. Among those, Woori Bank is a typical example. In its latest move, it established the Digital Asset Team, which…

Onchain perpetual futures have been one of 2025’s breakout market segments, with the sector recording another all-time high in July. According to analytics platform Artemis, decentralized perpetual protocols processed $399 billion of trading volume in July, outpacing their previous all-time high of $311 billion in June by 28%. Decentralized Perpetuals Volume – Artemis The sector is led by Hyperliquid, which accounts for nearly 80% of onchain perpetuals volumes, followed by protocols such as ApeX, Drift, and dYdX. Hyperliquid’s volume surged after its token generation event (TGE) in November 2024. Prior to its token launch, the exchange cleared between $25 and…

In the dynamic world of cryptocurrencies, news often arrives with a jolt, reshaping perceptions and strategies. A recent revelation has certainly done just that: BitMine Immersion, a prominent Nasdaq-listed Bitcoin mining firm, has reportedly amassed an astounding sum in ETH holdings, valued at over $2.9 billion. This isn’t just a large number; it’s a strategic pivot that demands a closer look. What Are BitMine Immersion’s Massive ETH Holdings? According to insights shared by Unfolded on X (formerly Twitter), BitMine Immersion now holds more than 833,000 ETH. To put that into perspective, this substantial amount translates to over $2.9 billion, making…

Mark Zandi, chief economist at Moody’s Analytics, is accelerating his warnings of an incoming recession, highlighting several troubling indicators that point to a broad-based economic slowdown. According to Zandi, the economy is on the ‘precipice’ of a major downturn, citing recent economic data showing that consumer spending has stalled, while both the construction and manufacturing sectors are contracting, he said in an X post on August 3. The economy is on the precipice of recession. That’s the clear takeaway from last week’s economic data dump. Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall.…

In a significant development for the digital asset landscape, Coinone, a prominent South Korean crypto exchange, has announced plans for a substantial crypto sale. This move marks a pivotal moment, as Coinone becomes the first among the country’s top five exchanges to leverage new regulatory frameworks, signaling a new era of operational transparency and financial management within the cryptocurrency sector. Why is Coinone Making This Groundbreaking Coinone Crypto Sale? Coinone’s decision to proceed with a Coinone crypto sale stems directly from the need to cover essential operating expenses. This strategic financial maneuver, valued at approximately 4.1 billion won (around $2.95…

A widely followed crypto analyst says that Ethereum (ETH) looks set to reach a new all-time high within the next few months. In a new strategy session, Benjamin Cowen tells his 917,000 YouTube subscribers that the second-largest digital asset by market cap has met his previous criteria of forming a higher macro low, therefore setting it up for an eventual push to new highs. “For a long time, my bias was that it made sense to fade Ethereum because it was going to bleed against Bitcoin, and it needed to go home. It needed to form a macro higher low.…