Author: NBTC

South Korean retail investors are on the hunt for exciting ways to grow their money. According to Bloomberg, one name keeps popping up: BitMine. This company, which mines Bitcoin, has quickly become the top foreign stock choice for many everyday investors in South Korea. Why Is BitMine So Popular? BitMine’s business is pretty simple — they use powerful computers to help keep the Bitcoin network running. When Bitcoin prices go up, companies like BitMine can make good money. So, for investors who want to benefit from Bitcoin’s rise without buying actual coins, BitMine is an appealing option. South Korean investors…

Terra/Luna creator Do Kwon pleaded guilty to one charge of conspiring to commit fraud and one charge of wire fraud on Tuesday, following an earlier not guilty plea and a very lengthy extradition process. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Terraform Labs founder Do Kwon, who created the TerraUSD stablecoin and its counterpart Luna (LUNA) token, pleaded guilty to conspiracy to commit securities, commodities or wire fraud and wire fraud Why it matters Terra and its related ecosystem blew up…

Terawulf stock (NASDAQ: WULF) surged more than 12% Monday after the Bitcoin miner said it was expanding and that Google was upping its stake in the company.  The Easton, Maryland-based firm said that Google will provide an incremental $1.4 billion backstop to support project-related debt financing, bringing its total stake to $3.2 billion. In exchange, Google will receive warrants to buy 32.5 million shares of the sustainable Bitcoin miner. The latest agreement increases the tech giant’s pro forma equity stake to 14% from a previously announced 8% share.  Terawulf will also build a new data center, dubbed CB-5, with help…

Ethereum (ETH) is entering a new stage, expanding against BTC. The ETH/BTC ratio is at a new yearly peak, also breaking above the 365-day average. Ethereum (ETH) is trading at 0.039 BTC, the highest level in 2025. After months of stagnation, ETH added $1,000 in a week, while BTC consolidated. ETH activity grew in the past week, with a mix of spot demand, derivative positions, and even hackers FOMO selling or liquidating their haul at peak prices. ETH rose to the highest price in BTC terms for the year to date, as the ratio broke above its 365-day moving average.…

Tesla Inc. (TSLA) turned to the biggest holding of Cathie Wood’s flagship ARK Innovation ETF (ARKK). However, Roku Inc. and Coinbase Global Inc. also made it to the top 3 holdings of the ETF, suggesting a solid upward trajectory for these companies. This comes in when ARKK recorded its biggest single-day cash injection ever of $800 million at the beginning of August. This inflow helped the fund snap a brutal run of 18 consecutive months of net outflows. The Innovation ETF has managed to surge by almost 22% over the past 6 months. Tesla is still ARKK’s biggest bet ARK…

On Friday, the SEC submitted a status report with the Court of Appeals, stating that both parties had filed a Joint Stipulation of Dismissal of the appeals, which remains pending and is awaiting approval by the Court. It should be recalled that on Aug. 7, the SEC filed a Joint Stipulation of Dismissal with the United States Court of Appeals for the Second Circuit, entered into with defendants Ripple Labs, Brad Garlinghouse and Chris Larsen, which dismissed the Commission’s appeal and Ripple’s cross-appeal and resolves the Commission’s civil enforcement action against the defendants. Since the Joint Stipulation of Dismissal was…

Ethereum Price Nears $4,800 as Institutional Buying Triggers Supply Crunch Ethereum (ETH) is trading at $4,760, up 2.92% on the day and an impressive 30% over the past week. The rally is fuelled by heavy institutional accumulation, with exchange-traded funds (ETFs) now absorbing more ETH than is being issued — creating a tightening supply shock. 1. Institutional Supply Crunch Driving Momentum This month alone, Ethereum ETFs have purchased 500,000 ETH, surpassing the 450,000 ETH issued since the Merge. Asset management giants Fidelity and BlackRock collectively hold $22.68 billion in ETH. The next big potential catalyst could be a $1 billion+…

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors sell off after big overnight pump; BTC at $120,500 ETH soars to $4,350 in big weekend run; Punks hit $235k floor LayerZero proposes acquisition of Stargate, ZRO pops 28% ZORA jumps 30% to $1.3B, up 14x on the month Gondi sets new 1/1 lending record with $1M XCOPY loan 🔥 Crypto’s Big Week The last 10 days have been one of the most…

A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year and one day in prison for the scheme that defrauded the computing providers of more than $3.5 million in resources. Parks used fake corporate identities such as “MultiMillionaire LLC” and “CP3O LLC” to trick two unnamed cloud providers into granting him elevated computing privileges, which…

The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data. On Monday, NFT Price Floor data showed that the total valuations of NFT collections dropped to $8.1 billion, a 12% decline from last Wednesday’s NFT market cap of $9.3 billion, which had surged 40% since July. NFTs wiping out $1.2 billion in valuation in less than a week coincides with a 9% drop in Ether (ETH) prices. At the time of writing, Cointelegraph data showed ETH traded at $4,260, dropping from a high of about…