In November, over 30 attacks occurred in the crypto space: losses amounted to approximately $85.53 million, with about $25.2 million recovered.
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XRP's market value surpasses TotalEnergies, ranking 144th among global assets. According to Infinite Market Cap data, XRP's market value has exceeded TotalEnergies, rising 39 places in the global asset rankings to currently sit at 144th. The data shows that XRP's current market value is $131.46 billion, with a 24-hour increase of 19.12% and a weekly increase of 62.37%; TotalEnergies' market value is $131.29 billion.
Ripple relocked 1 billion XRP in a custody wallet early today. According to WhaleAlert monitoring, at 2:21 AM today, Ripple re-locked 1 billion XRP in a custody wallet, valued at approximately $1.546 billion. Previous reports stated that Ripple uses a custodial account system to provide transparency and certainty for the XRP market. The company locks up most of its XRP holdings to ensure that it does not oversupply the market and manipulate prices. However, the company also uses XRP in the custody account to invest in and support projects within the Ripple ecosystem. Releasing 1 billion XRP tokens from the custody account each month does not mean that all of them will enter the market. Ripple may choose to sell some to institutional or retail investors, use some for its own purposes, or return some to new trusts.
Industry News
MARA pool produced 820 BTC in November, a new high since January. The leading Bitcoin mining company MARA's MARA pool mined 820 BTC in November, setting a new high since January. Network data shows that the MARA pool mined 254 Bitcoin blocks in November (UTC time), earning 793.7 BTC from block subsidies and 26.7 BTC from transaction fees. This is the highest monthly output for the MARA pool since January, partly due to lower operational uptime earlier this year. The average Bitcoin network hash rate in November was 731 EH/s, while the MARA pool's block production indicates an actual hash rate of 42.7 EH/s. This suggests that the company installed additional mining machines in November, as it reported an operational capacity of 40.2 EH/s at the end of October.
Ethereum price rebound drives NFT market recovery, with November NFT sales exceeding $562 million. With the rebound in Ethereum prices, November's NFT monthly sales exceeded $562 million, representing a significant increase of 57.8% compared to October's $356 million, with Ethereum network sales exceeding $216 million, a 12% increase from October. However, the monthly trading volume of NFTs still has not reached its peak in 2024. In March of this year, NFT sales hit a year-to-date high of $1.6 billion. However, it has remained sluggish, reaching a low of $303 million in September since 2021. CryptoSlam data also shows that CryptoPunks led the NFT market in November with over $49 million in sales in 30 days, a month-on-month increase of 392%. There were 388 sales transactions recorded, an increase of 213% compared to October. In addition to CryptoPunks, the Pudgy Penguins series also had an impressive November, with monthly sales skyrocketing 262% to reach $16 million.
Ethereum Foundation researcher: Ethereum L1 will gradually improve in the future, and L2 will see significant performance enhancements in months. Ethereum Foundation researcher Justin Drake stated that four years ago today, the Ethereum beacon chain was born, with only 500,000 ETH staked in the initial phase. Although it did not bring direct benefits to users at first, it has gradually grown to become one of the most powerful foundations in blockchain history. Looking ahead, Drake believes Ethereum has the opportunity to become the settlement layer of the value internet. Despite the beacon chain still not being perfect, the upgrade path over the next few years will remain challenging, including improvements to censorship mechanisms and MEV handling, reducing staking deposits, speeding up finality, smart issuance, achieving smartwatch-level full-chain verification, and post-quantum security. Meanwhile, outside the consensus layer, there is hope to achieve complete sharding at the data layer and native Rollups at the execution layer. Drake stated that many L1 improvements will be gradually released over the next few years, and improvements like post-quantum security may require a comprehensive redesign. L2 solutions will deliver significant performance improvements in a few months, including a fast user experience, low fees, unlimited throughput, and synchronous composability.
BlackRock's IBIT holdings market value exceeds $48 billion. Official data from BlackRock shows that as of November 27, the market value of IBIT holdings reached $48,035,615,461.69, with a holding amount of 495,443.6524 BTC.
The total on-chain holding of the US Bitcoin spot ETF exceeds 1.12 million BTC, valued at $108.9 billion. Dune data shows that as of December 1, the total on-chain holding of the US Bitcoin spot ETF surpassed 1.12 million BTC (approximately 1.128 million BTC), accounting for 5.7% of the current BTC supply; the on-chain holding is valued at $108.9 billion.
In November, over 30 attacks occurred in the crypto space: losses amounted to approximately $85.53 million, with about $25.2 million recovered. According to statistics from CipherTrace, in November 2024, over 30 hacking incidents occurred in the cryptocurrency space, causing losses of approximately $85.53 million, of which about $25.2 million was recovered. The top 5 hacking incidents are as follows: Thala: $25.5 million (recovered $25.2 million + $300,000 bug bounty); DEXX: $21 million; Gifto: $12 million; PolterFinance: $8.7 million; DeltaPrime: $4.75 million.
Former CFTC Chairman: SEC may drop lawsuit against Ripple. Former CFTC Chairman Chris Giancarlo discussed the high-profile SEC lawsuit against Ripple regarding XRP in an interview this week. The SEC accused Ripple of issuing XRP in violation of securities laws, with the federal court ruling that some of the issuance qualifies as securities while others do not. Giancarlo believes the SEC should reconsider its approach, especially in light of recent legal outcomes and the potentially changing regulatory environment. When asked if the SEC would drop the lawsuit against Ripple, Giancarlo stated, "I think they should... I bet they will."