Daily Summary, November 27

Daily Summary, November 27

💀 Hacks and Incidents
* The Upbit exchange was hacked and assets were withdrawn for $36 million.

📈 Markets and Finance
* Tether became the largest independent holder of gold in the world.
* The volume of margin trading for BTC updated the absolute record over the last 4 months.
* Circle printed 1.25 billion USDC in the last 24 hours.
* The volume of tokenized money market funds grew to $9 billion (10 times since 2023).
* A sharp growth in the inflow of funds to exchanges was recorded against the backdrop of the correction. Binance is leading with volumes of $25 billion (spot) and $62 billion (futures).

⚖️ Regulation and Legal Issues
* Belarus created a centralized register of crypto wallets associated with criminal income and implemented a mechanism for their arrest and confiscation.
* Tether is suspending work in Uruguay due to growing costs and is finally withdrawing the EUR₮ stablecoin from circulation.
* The financial regulator of Abu Dhabi approved the use in the region of the RLUSD stablecoin from Ripple.
* Terra (Luna) founder Do Kwon appealed to the court with a request to limit the prison term to 5 years.

💎 Projects and Ecosystems
* A shortist of the Hype token for $67 million was completely liquidated.
* Solana monopolized the market of tokenized shares: its share exceeds 95% of trading activity for already 4 months in a row.
* Vitalik Buterin stated that privacy protection is impossible without encrypted messages, and important steps forward will be open accounts for all and protection of metadata.

🎮 Other
* In China and South Korea, trading was turned into cybersport.

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“The market is beating records, and regulators are beating wallets. The day was not in vain.”