Crypto market surged 3.7% on Wednesday, with Bitcoin climbing nearly 5% to break above $91,000 and Ethereum rising over 4% to trade back above $3,000. Sector-wide momentum was strong, led by a 4% jump in the RWA index and standout gains from Pendle, Sky, and Ondo. Layer-2 tokens also rallied sharply, with Merlin Chain soaring more than 130%. CeFi, DeFi, and meme coins posted modest gains, while Dash spiked 17% following its OKX spot listing. Meanwhile, Monad ecosystem meme coin CHOG briefly crossed a $10 million market cap amid heightened trading activity.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.
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Jai Pratap
25 minutes ago
Ethereum Spot ETFs Log Fourth Straight Day of Inflows; Bitcoin and XRP Also See Gains
Ethereum spot ETFs recorded $60.82 million in net inflows on November 26, extending their streak to four consecutive days. Bitcoin spot ETFs added $21.12 million in net inflows, with Fidelity’s FBTC being the only product to post an outflow. XRP spot ETFs saw inflows of $21.81 million, while Solana spot ETFs moved in the opposite direction, registering a net outflow of $8.1 million.
Jai Pratap
33 minutes ago
Ripple’s RLUSD Approved as Fiat-Pegged Token in Abu Dhabi Global Market
Ripple’s USD-backed stablecoin RLUSD has been officially recognized as an “approved fiat-pegged token” by the Abu Dhabi Financial Services Regulatory Authority (FSRA), allowing it to be used within the Abu Dhabi Global Market (ADGM). The approval marks a regulatory milestone for Ripple in the UAE, expanding RLUSD’s legitimacy and potential institutional adoption within one of the region’s key financial hubs.
Jai Pratap
hour ago
S&P Downgrades Tether’s Stability Rating to ‘Weak’ as Bitcoin Exposure Breaches Safety Threshold
S&P Global Ratings has downgraded Tether’s stability assessment to 5 (“weak”), warning that the stablecoin’s growing allocation to Bitcoin and other high-risk assets threatens its ability to maintain its dollar peg. The agency noted that Bitcoin now accounts for 5.6% of USDT’s circulating supply, surpassing Tether’s 3.9% overcollateralization margin. The shift places Tether in the same risk category as TrueUSD, while rival USDC maintains a stronger rating of 2.
Shalini Nagarajan
hour ago
Crypto Exchange Upbit Reports $36M Hack On Solana, Vows Users Will Be Made Whole
South Korea’s largest crypto exchange Upbit has revealed a hack worth about 54b won, or roughly $36m, on the Solana network and pledged to fully reimburse customers after tokens were siphoned to an unknown wallet early on Thursday.
Oh Kyung-seok, CEO of Dunamu, which operates Upbit, said the platform moved quickly to halt activity once it detected abnormal withdrawals. “Upbit immediately suspended deposit/withdrawal services and conducted a comprehensive inspection, prioritizing the protection of member assets,” he said in a notice to users.