By Shikha Singh
Moo Deng Meme Coin Surges 80% in One Hour Following Coinbase Listing Announcement.
The price of Moo Deng (MOODENG), a Solana-based meme coin, surged 80% in an hour after Coinbase announced plans to list it, currently trading at $0.57, up 54% in 24 hours.
Despite being below its November high of $0.68, it needs just a 16% rise to surpass that level. Trading volumes spiked 400% to $751 million.
Coinbase’s roadmap inclusion, often a precursor to listings, boosted the token’s market performance. The “Coinbase effect” was evident, even though trading hasn’t started yet. Moo Deng experienced a 200% surge following its listing on Binance.
MicroStrategy Hits Halfway Mark in $21 bn Bitcoin Funding Plan.
MicroStrategy (MSTR) is halfway to its goal of raising $21 billion for Bitcoin purchases, having recently sold 3.7 million shares to buy $1.5 billion in BTC. The company plans to raise another $21 billion via stock sales and fixed-income securities by 2027.
Since November, MicroStrategy has acquired 15,400 Bitcoin, spending over $13.5 billion. Its “21/21 Plan” aims to raise $42 billion over three years, split equally between stock offerings and debt. Analysts remain bullish, with a 29.9% upside on the stock.
AI Agents Market Set to Grow by $42 bn by 2029.
As per a new report by Research and Markets, AI agents are rapidly growing, with the market projected to increase from $5.1 billion in 2024 to $47.1 billion by 2030, driven by a compound annual growth rate of 44.8%.
These self-aware interfaces help businesses manage customer interactions across multiple channels, offering personalized service and improving customer satisfaction.
Healthcare, finance, and transportation sectors are increasingly using AI agents, with multi-agent systems (MAS) solving complex problems.
Better technology, cost savings, and global reach fuel the growth. However, challenges like data privacy, security, and ethical concerns remain.
North America leads the market, with companies like Google and IBM playing a major role, while Asia-Pacific is also a growing hub.
MARA Holdings Upsizes Note Offering to $850 mn to Buy More Bitcoin.
MARA Holdings (MARA), the largest publicly traded Bitcoin miner, has increased its convertible senior note offering to $850 million from $700 million, with plans to use the proceeds for future Bitcoin acquisitions.
The zero-interest notes, maturing in 2031, are convertible into cash, stock, or a combination. MARA anticipates generating approximately $835 million in net proceeds, with the potential to reach $982 million if they purchase additional notes.
A portion will be used to repurchase $51 million of existing notes due in 2026, with the rest directed towards acquiring more Bitcoin and supporting corporate initiatives. MARA recently acquired 703 Bitcoin, bringing its total holdings to 34,794 BTC, valued at $3.3 billion.
BlackRock’s IBIT Bitcoin ETF Surpasses 500,000 BTC in Assets Amid Strong Market Interest.
BlackRock’s IBIT Bitcoin ETF has surpassed 500,000 BTC, reflecting the growing institutional demand for cryptocurrency investments.
The ETF reached this milestone in just 233 trading days, with $338.3 million in net inflows on a significant trading day.
IBIT’s holdings now account for 2.38% of all Bitcoin, marking a shift towards mainstream adoption of digital assets.
This success highlights the broader trend of growing institutional interest, with U.S. spot Bitcoin ETFs accumulating $31.2 billion in inflows.
Additionally, Ethereum-based ETFs, including BlackRock’s ETHA, saw strong inflows, signaling broader market engagement in cryptocurrency investments.
Crypto Phishing Losses Drop Over 50% in November, Reports ScamSniffer.
In November, cryptocurrency phishing scams saw a significant decline in losses, dropping 53% to just over $9 million, with 9,208 victims, a 23% decrease from October.
This marks a steady decline since August, when scammers stole $63 million. Despite the reduced losses, the number of victims remains high.
Approval phishing continued to be the primary attack method, where scammers manipulate victims into granting malicious smart contracts access to their wallets.
The largest loss of the month was $661,000 in stETH, with other notable losses in WBTC, FET, and USDT.
The shutdown of several major phishing toolkits, such as Pink Drainer and Inferno Drainer, may have contributed to the decrease in losses, but the emergence of new toolkits like AngelX indicates ongoing risks. ScamSniffer advised users to exercise caution and verify transactions to avoid falling victim to phishing scams.
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