Daily Brief: November 28, 2025

🌍 Ripple's RLUSD Gets Green Light in Abu Dhabi

Ripple's RLUSD stablecoin just scored a big win in Abu Dhabi. The Financial Services Regulatory Authority (FSRA) has given it the green light for use in regulated activities within the Abu Dhabi Global Market. This approval is a nod to RLUSD's growing market cap, now over $1.2 billion, and its potential to shake up the stablecoin leaderboard.

This isn't just a win for Ripple; it's a sign of the times. RLUSD is now recognized as a Fiat-Referenced Token, meaning it can be used as collateral and for lending. This move aligns with Ripple's broader strategy of expanding its footprint in the Middle East, a region increasingly seen as a hub for digital finance.

The approval also underscores Abu Dhabi's commitment to fostering a robust regulatory environment for digital assets. With RLUSD's growing institutional acceptance, Ripple is positioning itself as a key player in the Middle East's financial landscape, potentially giving Tether and USDC a run for their money.

Why it matters: This regulatory nod not only boosts RLUSD's credibility but also signals a broader acceptance of digital assets in traditional finance, paving the way for increased institutional adoption.

🔒 Upbit's $36M Solana Breach Amid Naver Deal

Upbit, South Korea's leading crypto exchange, faced a $36 million breach from its Solana hot wallet. This incident, detected on November 27, 2025, led to a suspension of Solana-related services as Upbit moved assets to cold storage to prevent further losses.

The breach coincided with Upbit's announcement of a $10 billion partnership with Naver, aiming to boost AI and Web3 capabilities. Despite the setback, Upbit assured users that all losses would be covered, maintaining customer trust amid the turmoil.

Dunamu, Upbit's parent company, is under scrutiny as regulatory bodies investigate the breach. The timing raises questions about potential insider knowledge, especially with Dunamu's plans for a U.S. IPO in the works.

Why it matters: This breach highlights the persistent security challenges in crypto exchanges, impacting user trust and potentially affecting major corporate deals and market dynamics.

🚀 Best Wallet Token Presale Hits $17.6M, Eyes Web3 Adoption

The Best Wallet Token ($BEST) presale has wrapped up, raising an impressive $17.6 million. This initiative is all about simplifying crypto management for everyday users. By integrating secure storage, staking, and presale access, it aims to make Web3 more accessible.

With the US facing massive interest payments on its debt, many are turning to crypto as a hedge. Best Wallet is stepping up with a mobile-first, non-custodial solution that combines multiple crypto functions, appealing to those wary of traditional finance.

$BEST is set to debut on the MEXC exchange, with trading starting November 28. To celebrate, MEXC will airdrop 1.2 million BEST tokens. This launch is expected to boost its presence in the decentralized wallet market.

Why it matters: Best Wallet's success highlights the demand for user-friendly crypto solutions, crucial for mainstream Web3 adoption.

⚡ Bitcoin Mining Squeeze Sparks Layer 2 Innovation with $HYPER

Bitcoin miners are feeling the heat as margins shrink to a mere 4.9%, with production costs soaring to $83,873. This economic squeeze is pushing miners to seek innovative solutions to stay afloat. Enter Bitcoin Hyper ($HYPER), a Layer 2 solution designed to enhance Bitcoin's utility in decentralized finance (DeFi).

Bitcoin Hyper leverages the Solana Virtual Machine to offer high-speed, low-fee transactions, making Bitcoin more scalable and usable. The presale of Bitcoin Hyper has already raised over $28.5 million, reflecting strong investor confidence in its potential to revolutionize Bitcoin's DeFi capabilities.

As institutional interest in Bitcoin grows, driven by its potential as a hedge against inflation, the need for efficient infrastructure becomes crucial. Projects like Bitcoin Hyper aim to provide this, potentially stabilizing Bitcoin's price by shifting demand from miners to more scalable solutions.

Why it matters: Innovations like Bitcoin Hyper could redefine Bitcoin's role in DeFi, offering new avenues for scalability and adoption amid economic pressures on miners.

🐕 Shiba Inu Shows Stability Amid Exchange Inflows

Shiba Inu (SHIB) is experiencing a rare moment of calm. Over the past 24 hours, its price has barely moved, holding steady at $0.00000859. This stability comes after weeks of selling pressure, suggesting a pause in market activity. Analysts are debating whether this signals a depletion of bearish momentum or just a lack of buyer interest.

Despite the calm, there's been a significant inflow of SHIB to exchanges—200 billion tokens, to be exact. This influx has raised total reserves to 81.65 trillion. Typically, such movements hint at potential sell-offs rather than accumulation, keeping the price below key moving averages and in a bearish trend.

The current market dynamics suggest three scenarios: a bearish continuation, a neutral trading range, or a low-probability bullish breakout. The broader crypto market, especially Bitcoin's movements, will likely influence SHIB's next steps. For now, the market seems to be in a wait-and-see mode, assessing broader trends.

Why it matters: Shiba Inu's stability amid high exchange inflows highlights investor caution and could signal broader trends in crypto liquidity and sentiment.