## Crypto Today:

DEXX Hack Update, Ether ETFs Outpace Bitcoin, Miners Gear Up

**Binance Square - November 29, 2024**

Here's a breakdown of today's top crypto news:

**1. DEXX Hack Deepens: Over 8,600 Wallets Identified**

* Security firm SlowMist pinpoints over 8,600 Solana addresses potentially linked to the recent $21 million DEXX hack.

* Victims reportedly lost less than $10,000 each, with one exception exceeding $1 million.

* Total losses could be higher due to memecoin price fluctuations, potentially reaching $30 million.

* SlowMist expects to reveal additional suspicious wallets on other blockchains soon.

**2. Ether ETFs Surge Past Bitcoin as DeFi Wins**

* Spot Ether ETFs have attracted more investment than their Bitcoin counterparts since November 22nd.

* This coincides with a recent Ethereum price rally and a favorable DeFi court ruling.

* Over the past four days, Ether ETFs have seen net inflows of $224.9 million, compared to Bitcoin ETFs' $35.2 million.

* Ether ETFs could potentially outperform Bitcoin ETFs in net inflows for the first time this week.

**3. Bitcoin Miners Invest Heavily in Infrastructure**

* Publicly traded Bitcoin mining companies have ramped up infrastructure spending, investing a combined $3.6 billion in PP&E (plant, property, and equipment) in 2024.

* These companies raised over $5 billion this year, with the third quarter showcasing the highest funding since 2022.

* The majority of PP&E spending went towards upgrading mining hardware.

* Miners are increasingly relying on debt financing, like MARA's recent convertible note offering to acquire Bitcoin.

* Major deals include Hive Digital's ASIC acquisition and Bitfarms' partnership with Stronghold for additional mining units.

**Remember:** This information is for educational purposes only. Always conduct your own research before making any investment decisions.