👀PENGU and Microstrategy Mania

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The PENGU airdrop is live. The token generation event follows Pudgy Penguins NFTs rocketing to new all-time highs on triple-digit growth in less than three weeks.

MicroStrategy purchased an addition $1.5 billion of Bitcoin, bringing its holdings to 439,000 BTC. The move follows news that MicroStrategy will join the Nasdaq 100 next week.

Crypto ETPs are enjoying a run of record inflows, with $20.3 billion flowing into the funds over 10 weeks.

Also, Synthetix Exchange relaunches, Fartcoin rockets past GOAT, Aave plots Polygon exit, and Masa launches AI Agent Arena.

✍️ In today’s newsletter:

PENGU mania drive Pudgy Penguins to record high
MicroStrategy stashes $1.5B in BTC
MSTR to enter Nasdaq 100
Crypto ETPs enjoy record inflow streak
Synthetix reboots exchange after Kwenta acquisition
Fartcoin tags $877M market cap
Aave wants to leave Polygon
Masa rides AI agent boom

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DIA Lasernet is live on testnet: the first Layer-2 rollup designed for oracle infrastructure, built in collaboration with Conduit, OP Stack, Celestia & Hyperlane.

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🪂PENGU Claims Go Live After Pudgy Penguins NFTs Post New All-Time High

Claims for Pudgy Penguins’ PENGU airdrop are live. Anticipation for the drop drove triple-digit gains for both Pudgy Penguins and Lil Pudgies NFTs. However, reports indicate some people have vandalized Pudgy Penguins toys in a bid to qualify for the airdrop.

💰MicroStrategy Buys Additional 15,350 Bitcoin For $1.5 Billion

MicroStrategy continues to hoard Bitcoin, with the company mobilizing $1.5 billion to purchase 15,350 BTC. MicroStrategy now holds 439,000 BTC worth nearly $47.4 billion.

🎉MicroStrategy to Join Nasdaq 100 on December 23

MSTR will enter the Nasdaq 100 next week. Microstrategy’s entrance into the prominent index follows the stock enjoying price gains of 524% in 2024, dramatically outperforming the S&P 500.

📈Crypto Funds Attract Record $20.3 Billion in Inflows Over 10 Weeks

Institutional investors have piled more than $20 billion into crypto exchange-traded products over the past 10 weeks. The surge accounts for 45% of year-to-date inflows to the sector.

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Ambire Wallet, the first hybrid account abstraction browser extension supporting both Smart Accounts and Basic Accounts (EOAs) on Ethereum and many L2 EVM networks, has launched a gamified testing campaign for early extension adopters called Ambire Legends.

Ambire Legends is exclusive to early extension adopters and allows players to complete thrilling quests with an awesome soulbound NFT character, earn XP, and participate in future reward pools.

Join Ambire Legends now to be amongst the first users to discover the power of Smart Accounts and to take advantage of account abstraction benefits. Enjoy having the same address across all supported chains, use transactions batching and simulation, and pay for gas fees in stablecoins or ERC-20 tokens while being rewarded for it!

💱Synthetix Relaunches Native Exchange Following Kwenta Acquisition

Synthetix has relaunched Synthetix Exchange after acquiring Kwenta last month. Synthetix divested the front-end interface amid a tactical pivot in 2020 in what the project now calls a “strategic error,” precipitating Kwenta hosting $60 billion in volume.

🚀Fartcoin Climbed to a Record Market Cap of $850M as Memecoins Ride the Popularity Wave

Fartcoin continues to enjoy eye-watering price gains, with the token tagging an all-time high capitalization of $877 million. The milestone coincided with Fartcoin overtaking GOAT to become the largest memecoin association with the Truth Terminal AI agent.

🏃Aave Community Considers Proposal to Exit Polygon

The Aave community is mulling exiting the Polygon ecosystem amid concerns over a recent Polygon proposal to redeploy $1.3 billion from its bridge. The proposal comes three-and-a-half years after Aave first launched on Polygon, with Aave v3’s TVL stagnating.

🤖Masa Launches AI Agent Arena on Bittensor

Masa is the latest project seeking to ride the AI agent boom, announcing the launch of the Agent Arena on Bittensor. AI agents are already competing to earn TAO tokens in the arena.

🌍 ELSEWHERE

ESMA Publishes Final Guidance on MiCA Implementation Days Before Deadline (CoinDesk)
Lido to Shut Down Staking on Polygon Amid Shifting DeFi Plays (BeInCrypto)
NFT collection CyberKongz says it has received a Wells Notice from SEC (The Block)
Crypto Investment Firm CoinFund Expands Investment Team in 2024, Plans Further Growth (Unchained)