Business

November, 2025

• 27 November

  Upbit Hit by $36M Solana Hack—Exchange Promises Full Reimbursement

  

  In a stark reminder of cryptocurrency’s persistent vulnerabilities, South Korea’s premier exchange Upbit disclosed a devastating $37 million hack targeting its Solana network assets on November 27, 2025. The breach, detected at 4:42 a.m. KST, involved unauthorized transfers of 54 billion KRW (~$37M) from a hot wallet to an unidentified external address, affecting tokens like SOL, USDC, BONK, JUP, RAY, …
• 22 November

  Coinbase ‘Negative Premium’ at Widest Level since Q1, Signalling Weak U.S. Demand

  

  The Coinbase Premium Index—a barometer of U.S. institutional appetite for Bitcoin—has nosedived to its most negative reading since Q1 2025, flashing warning signs of waning domestic demand as global crypto markets grapple with a $1.3 trillion wipeout. On November 22, the metric clocked in at -0.0989%, marking 21 consecutive days in the red—the longest streak since February’s bearish trough—and signaling …
• 22 November

  Panic Mode: Stocks and Crypto Sink as Extreme Caution Grips Markets

  

  Global markets spiraled into chaos on November 22, 2025, with equities and cryptocurrencies posting brutal losses amid a perfect storm of macroeconomic jitters, AI bubble paranoia, and liquidity evaporation. The synchronized selloff—dubbed “Panic Mode” by traders—shaved over 3% off major indices while Bitcoin cratered below $85,000, erasing $1.3 trillion from crypto’s valuation since October highs. Investors fled risk assets for …
• 22 November

  Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down

  

  As the cryptocurrency world licks its wounds from a brutal November meltdown—erasing over $1.3 trillion in value since October’s peaks—Europe is doubling down on high-octane speculation. LeverageShares, a London-based issuer, announced plans on November 21, 2025, to debut the world’s first 3x leveraged exchange-traded products (ETPs) for Bitcoin and Ethereum next week on Switzerland’s SIX exchange. The quartet—3x long and …
• 22 November

  Base Shock: Aerodrome DEX Halts After Suspected Frontend Hack

  

  In a jolt to the burgeoning Base ecosystem, Aerodrome Finance—the leading decentralized exchange (DEX) on Coinbase’s Layer-2 network—suspended frontend operations on November 22, 2025, following a suspected DNS hijacking attack. The breach, which compromised the platform’s primary domains, exposed users to phishing risks targeting NFTs, ETH, and USDC via malicious signature requests, but left smart contracts unscathed. The alert surfaced …
• 22 November

  No Threat Here: Saylor Shrugs Off Stablecoins on Bitcoin’s $1.2M Road

  

  In the volatile crypto arena, where stablecoins like USDT and USDC have ballooned to a $308 billion market cap, MicroStrategy Executive Chairman Michael Saylor remains unfazed. At a November 2025 crypto forum, Saylor shot down fears that these fiat-pegged tokens could derail Bitcoin’s ascent to $1.2 million, countering ARK Invest CEO Cathie Wood’s recent slash of her 2030 forecast from …
• 22 November

  DeFi Liquidity Crisis: $12B Sitting Idle as 95% Capital Remains Unused

  

  Decentralized finance (DeFi) promised borderless, high-yield markets, but a stark 2025 reality check exposes a crippling inefficiency: 95% of liquidity in top protocols lies dormant, with over $12 billion in capital yielding zero returns. This “idle liquidity paradox,” spotlighted in recent Chainalysis and Dune Analytics reports, undermines DeFi’s core appeal, turning total value locked (TVL)—now at $128 billion—into a hollow …
• 21 November

  Michael Saylor’s Strategy Faces Threat of Removal from Major Stock Indexes

  

  Michael Saylor’s audacious Bitcoin treasury strategy at Strategy Inc. (formerly MicroStrategy) is under fire, as major index providers like MSCI and Nasdaq mull expulsion over crypto-heavy balance sheets—potentially triggering $9 billion in forced outflows and testing the limits of corporate digital asset plays. The red flag: New MSCI rules eyeing firms where digital assets exceed 50% of total holdings, a …
• 21 November

  Treasury Secretary Scott Bessent Makes Surprise Bitcoin Bar Visit, Ignites Crypto Buzz

  

  In a move that’s sent the Bitcoin world into a frenzy, U.S. Treasury Secretary Scott Bessent made a stealthy cameo at the grand opening of Pubkey DC, the capital’s newest Bitcoin-themed bar and cultural hub. The unannounced Thursday night drop-in—captured in viral photos shared by Galaxy Digital’s Alex Thorn—has crypto insiders hailing it as a “covert signal” of institutional embrace, …
• 21 November

  $15M Reward Offered in Ex-Olympian Ryan Wedding’s Crypto-Linked Trafficking Case

  

  The U.S. Department of Justice has slapped a record $15 million reward on fugitive ex-Olympian Ryan James Wedding, escalating a manhunt for the Canadian snowboarder accused of helming a billion-dollar cocaine cartel laced with cryptocurrency laundering and a grisly witness assassination. Now atop the FBI’s Ten Most Wanted list, the 44-year-old faces life in prison for murder, witness tampering, and …