Latest Crypto News Roundup — By OrangeBrickRoad.com.au
Bitcoin plunged nearly 5% below $87K, wiping out $150B in market cap due to surging Japanese bond yields repricing the yen carry trade and sparking massive liquidations in thin trading.
Bright spot: The first Chainlink ETF launches tomorrow on NYSE via Grayscale, highlighting the oracle network's growing role in blockchain data with its $8.5B market cap.
Upbit hit by $36M hack on Solana tokens from its hot wallet—exchange covers losses fully, but it revives debates on self-insurance models and crypto security gaps.
U.S. spot Bitcoin ETFs saw $3.5B outflows in November (largest since Feb), driven by institutional profit-taking, while Ether ETFs bled $1.4B—yet altcoin funds like Solana and XRP saw inflows.
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