Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, cryptocurrency exchange XT.com has suspended withdrawals after a suspected $1.7 million hack, Uniswap has set a new record for monthly volume amid increased demand for assets and stablecoins in decentralized finance (DeFi), and Tether has stopped minting its Euro-pegged EURt stablecoin and will cease support in November 2025.
Crypto exchange XT.com suspends withdrawals after suspected $1.7 million hack
XT.com, a cryptocurrency exchange with a reported daily trading volume of $3.4 billion, has suspended withdrawals after a suspected $1.7 million hack.
The exchange suspended withdrawals, citing “wallet upgrade and maintenance,” it said on Nov. 28.
The statement was issued about an hour before blockchain security firm PeckShield reported that XT.com “appeared to have been hacked” for $1.7 million worth of cryptocurrency.
XT.com subsequently issued a statement acknowledging an “abnormal transfer of platform wallet assets.”
According to PeckShield data, the suspected XT.com hacker had already swapped funds stolen from the exchange for 461.58 Ether ETH$3,594.12. The swapped assets sat on an Ethereum address identified by PeckShield.
Uniswap sees record monthly volume on L2 as DeFi demand flows back
Uniswap has smashed its record for monthly volume across Ethereum layer 2s as DeFi buffs flooded back into the ecosystem.
According to data from Dune Analytics, Uniswap generated a record $38 billion in volume across major Ethereum layer-2 networks, including Base, Arbitrum, Polygon, Optimism and several others.
The November record surpasses its previous highest month, set in March, by $4 billion.
Henrik Andersson, the chief investment officer at Apollo Crypto, that volumes for Uniswap on Ethereum layer-2s could be traced back to an increased demand for assets and stablecoins in the broader DeFi ecosystem.
“[This is] in line with the DeFi renaissance and the recent increase in ETH/BTC. Onchain yields are also rising,” Andersson said.
Andersson added that this recent uptick could be the start of a period of long-awaited outperformance for the Ethereum ecosystem.
“Every time Bitcoin closes in on 100k, we have seen Ethereum and DeFi coins starting to move.”
Tether drops EURt stablecoin amid “evolving” regulations
Cryptocurrency firm Tether announced it will cease support for its euro-pegged EURt stablecoin. The company is no longer minting new EURt, with the last order processed as of 2022, and will close out balances by November 2025.
Per Tether CEO Paolo Ardoino:
“Tether’s decision to delist EURt has not been taken lightly, but until a more risk-averse regulatory framework in Europe is in place—one that fosters innovation, offers the stability and protection our users deserve and avoids potential banking systemic risks—we have chosen to prioritize other initiatives.”
The company had previously limited the availability of its USDt and EURt stablecoins in a bid to continue carrying both, but this latest move indicates the company is focusing its efforts on the dollar-pegged offering going forward.
To read article in Arabic, please visit the website Crypto Mena
Risk Disclaimer
Although Sponsored Trading can be profitable, it is associated with a significant risk of losing your investment. The risks will increase when trading on margin companies. Traders must exercise due diligence and be careful when making their trading decisions. It is the sole responsibility of the Trader to learn and acquire the knowledge and experience required to use the Trading Platform and anything that will be required to trade properl95
