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.

Ethereum Still Accounts for 90% of Fees as Layer 2s Struggle to Deliver Revenue

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…

EthereumAug 7

South Korean banks are preparing to enter the crypto and stablecoin market

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…

RegulationAug 7

Decentralized Perpetuals Volume Hits All-Time High of $399 Billion in July

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…

ExchangesAug 7

BitMine Immersion’s $2.9 Billion Ethereum Stash Unveiled

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…

EthereumAug 7

‘The economy is on the precipice of recession’, warns Moody's senior economist

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.…

RegulationAug 7

South Korean Crypto Exchange Coinone’s Groundbreaking Digital Asset Sale

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…

ExchangesAug 7

Ethereum To Break All-Time Highs in Coming Months, Predicts Analyst Benjamin Cowen – Here’s When

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.…

EthereumAug 7

A Surprise Altcoin Success Story! A Major Investment Company Achieves Unprecedented Profit! Here's What They Did!

Investing in cryptocurrencies can yield either a substantial profit or a substantial loss. While there are many investments in both directions, one company made a huge profit on a surprising altcoin. Accordingly, Paradigm, a leading venture capital firm in the cryptocurrency field, made a huge profit from its investment in the altcoin called HYPE. It is estimated that there is currently $765.4 million worth of Hyperliqued (HYPE) tokens, generating an unrealized gain of 142%, or $450 million. Earnings Over 100 Percent! The on-chain analyst, known by the nickname MLM at X, reported in a post that Pradigm invested $315 million…

RegulationAug 7

Upbit CRO WAXP Suspension: Important Details for Traders

Attention crypto traders and enthusiasts! A significant announcement from South Korean crypto exchange Upbit demands your immediate attention. Upbit has confirmed a temporary Upbit CRO WAXP suspension for both deposits and withdrawals. This crucial update affects users dealing with Cronos (CRO) and WAX (WAXP) tokens. Scheduled for August 7 at 14:00 UTC, this halt is a proactive measure supporting essential maintenance of the Cronos and WAX wallet systems. Understanding the details of this suspension is vital for planning your cryptocurrency activities. Why is Upbit Implementing CRO WAXP Maintenance? Every major crypto exchange prioritizes platform security and stability. Upbit’s decision to…

ExchangesAug 7

Can ETH Break $4,000 or Is a Correction Coming?

Ethereum Price Prediction: Bullish Recovery or Short-Term Trap? Ethereum ($ETH) is trading at $3,550, recovering from a recent drop that tested support just above $3,500. After a multi-week rally that peaked below the $3,838 resistance, the chart suggests ETH is consolidating—but is it ready for another leg up, or will we see more downside? ETH Coin Holding Above Key Support After reaching a local top near $3,838, Ethereum retraced and found support around the $3,530–$3,550 zone. This area has become a crucial short-term demand level. The bounce here is encouraging, especially with the daily candle forming a higher low relative…

EthereumAug 7