Today in crypto, spot Ether ETFs reached a new record for daily inflows, Curve and Elixir joined forces to expand DeFi access for BlackRock’s tokenized money market fund, security experts at SlowMist identified over 8,620 Solana wallets linked to the DEXX hack.
Spot ETH ETFs clocks highest daily inflow day: “Alt rotation has begun”
Spot Ether exchange-traded funds (ETFs) in the United States reached a new record for daily inflows on Nov. 29.
According to Farside data, $332.9 million flowed into the nine spot Ether ETFs on Nov. 29, surpassing the previous daily inflow record — $295.5 million reached on Nov. 11— by $37.4 million.
BlackRock, the world’s largest asset manager, was responsible for $250.4 million of the total inflows on Nov. 29. ETF Store president Nate Geraci pointed out in a Nov. 29 X post that BlackRock’s iShares Ethereum Trust (ETHA) has now notched over $2 billion in inflows since the product launched on July 23.
At the time of publication, Ether is trading at $3,662, up 1.88% since Nov. 28, according to CoinMarketCap data.
Pseudonymous crypto trader Pentoshi said in a Nov. 29 X post, “Now we have early signs of this happening in ETH, as the flows begin to finally pick up, and sellers begin to get absorbed. It only takes time.”
Elixir, Curve look to bring BlackRock fund to DeFi
Decentralized exchange Curve has partnered with blockchain network Elixir to to bring BlackRock’s tokenized money market fund to DeFi.
According to a Nov. 29 announcement from Curve, tokenholders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) will be able to mint Elixir’s deUSD stablecoin against their holdings. They will then have the opportunity to swap deUSD for other stablecoins, including USD Coin and Tether using Curve’s liquidity pools.
Up to $1 billion in institutional real-world assets (RWAs) “can now mint deUSD, a yield-bearing synthetic dollar,” Curve said in its announcement.
BUIDL is a popular money market fund that invests mainly in short-term US Treasury Bills and other low-risk, interest-bearing assets. It’s the largest tokenized Treasury fund, with $540 million in assets under management.
Over 8,600 Solana wallets linked to $21 million DEXX hacker
Crypto security firm SlowMist released a document identifying more than 8,620 Solana addresses suspected of being linked to the DEXX hacker.
On Nov. 16, memecoin trading terminal DEXX fell victim to a security exploit, resulting in losses impacting at least 900 unique users.
According to MistTrack, most victims lost less than $10,000 amid a private key leak, though one individual lost more than $1 million.
The total loss from the incident was initially reported at $21 million, the second-largest hack in November behind the $25.5 million Thala hack, though Thala recovered all lost assets.
As of Nov. 29, DEXX’s total loss has risen, SlowMist founder Cos said.
“The total loss is estimated to be within $30 million. The price fluctuation of meme tokens has a significant impact on the overall loss,” Cos said.
The hacker was seen converting the assets into Solana.
Cos said that SlowMist intends to publish additional suspicious wallet addresses on Ethereum, BNB Chain and Base “next week.”
