🚀 Crypto Shake-Up: Hacks, Records, and Major Moves!
Catch up on the latest developments shaping the crypto world! From exchange hacks to record-breaking DeFi volumes, here are today’s top stories impacting Bitcoin, blockchain, and beyond:
🔶 XT.com Suspends Withdrawals After Suspected $1.7M Hack
🔸 Cryptocurrency exchange XT.com, with a daily trading volume of $3.4 billion, halted withdrawals following a suspected $1.7 million hack.
🔸 Blockchain security firm PeckShield flagged the issue, reporting that stolen funds were swapped for 461.58 Ether and transferred to an Ethereum address.
🔸 XT.com acknowledged an “abnormal transfer of platform wallet assets” and cited “wallet upgrade and maintenance” as the reason for the suspension.
🦄 Uniswap Hits Record $38B Monthly Volume on Ethereum L2s
🔹 Uniswap saw unprecedented volume in November across Ethereum layer-2 networks like Base, Arbitrum, and Optimism.
🔹 This $38 billion milestone surpasses its previous high by $4 billion, fueled by increasing demand for DeFi assets and stablecoins.
🔹 Henrik Andersson of Apollo Crypto notes this surge aligns with the “DeFi renaissance” and rising ETH/BTC momentum, signaling possible outperformance for Ethereum-based ecosystems.
💵 Tether Drops EURt Stablecoin Amid Regulatory Challenges
◾ Tether has ceased minting its euro-pegged EURt stablecoin, aiming to phase it out entirely by November 2025.
◾ CEO Paolo Ardoino stated the decision was influenced by Europe’s “evolving” regulatory environment and the need for a more supportive framework.
◾ Tether will now focus its efforts on USDT, prioritizing stability and innovation in the face of systemic banking risks.
💬 What do you think of today’s events? Are these signs of growth or growing pains for the crypto industry? Share your views below!