Upbit sets December 1 restart date following $37 million hack

North Korea has reportedly been utilizing banned Nvidia GeForce RTX 2700 graphics cards to enhance its artificial intelligence capabilities, which could significantly boost its operations in cryptocurrency theft. This development has been highlighted in a report from South Korea's Institute for National Security Strategy, indicating a long-term strategy by Pyongyang to exploit advanced technology for illicit gains.

Reports indicate that major financial institutions, including big banks and private equity players, may be accumulating XRP while its price hovers around $2.18. This activity could explain the cryptocurrency's inability to surpass the $3 mark despite increasing trader interest and market momentum.

The Layer 1 blockchain Monad has recently launched, achieving an 80% surge in its native token MON, reaching an all-time high of $0.048. However, BitMEX co-founder Arthur Hayes has expressed skepticism, predicting a potential 99% crash in its value due to its perceived lack of real use cases and vulnerability as a 'VC coin'.

The launch of Grayscale's spot Dogecoin ETF on November 24, 2025, was met with disappointing trading volumes, reaching approximately $1.4 million on its first day, significantly lower than analysts' expectations. This muted response reflects a lack of enthusiasm in the market despite the anticipation surrounding the first-ever Dogecoin ETF.

India is currently reviewing its Virtual Digital Assets (VDA) framework to enhance investor protections and align local regulations with global standards. This review is part of a broader effort to reinforce the digital asset infrastructure in the country without implementing sweeping changes.

Upbit, South Korea's largest cryptocurrency exchange, has initiated an accelerated security overhaul following a cyberattack that resulted in the unauthorized withdrawal of approximately $36 million from its Solana network. The exchange has temporarily suspended all deposits and withdrawals as investigations continue into the breach, which authorities suspect is linked to North Korea's Lazarus Group.

Solana's price momentum is compressing as it approaches two critical decision points, indicating a significant period ahead for the cryptocurrency. Analysts suggest that SOL has completed its upward wave, signaling a potential deeper corrective phase, with targets set between $49.26 and $32.03 based on Fibonacci retracement levels.

Arthur Hayes, co-founder of BitMEX, has stated that most Layer 1 (L1) cryptocurrencies outside of Ethereum and Solana are likely to decline significantly, potentially heading towards zero. This assertion highlights concerns about the sustainability and viability of numerous blockchain projects in the current market landscape.