OOB Market Cap Briefly Surpasses $560 Million, with a 342% 24h Growth

By: theblockbeats.news|2025/11/12 23:45:53

0

Share

copy

BlockBeats News, November 12, according to GMGN data, the token of the crypto payment company Oobit, OOB, briefly surpassed $0.8 and is now trading at $0.56, with a current market cap of $5.6 billion, a 24-hour trading volume of $11.1 million, and a 24-hour price increase of 342%.

Earlier today, Malaysian tech consultancy firm VCI Global announced its plan to acquire the OOB token, valued at $1 billion. OOB is the utility token of the crypto payment company Oobit backed by Tether. According to the transaction structure, VCI Global has acquired $50 million worth of OOB tokens through the issuance of restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to repurchase $50 million worth of tokens on the secondary market after the token's public issuance. VCI Global indicated that after the transaction is completed, Tether will become its largest shareholder.

BlockBeats reminds users that the prices of related tokens are highly volatile, so investments should be made with caution.

-- Price

You may also like

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period

Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more

Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.

To the Builders who are still persevering in the crypto industry

To the Builders who are still persevering in the crypto industry

Kydo deeply reflects on the dilemmas of the cryptocurrency industry: bidding farewell to the false prosperity of "selling infrastructure to developers" and proposing a new paradigm of using programmable capital to provide growth fuel for AI Agent companies.

Oil Price Cools Off, Crypto Bounces Back

Oil Price Cools Off, Crypto Bounces Back

Why Oil and Bitcoin Prices Always Move in Opposite Directions

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App

With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.

If you only follow the news, you may have misconstrued this Iran conflict

If you only follow the news, you may have misconstrued this Iran conflict

With a Narrative-Driven Agenda, Western Media Falsifies War Coverage

ERC-8183: Write a Rule for a $3M On-Chain Agent Business

ERC-8183: Write a Rule for a $3M On-Chain Agent Business

Before running in the Wild West of three million dollars, today, the rules have been written

AI Mistakenly 'Tips' $260,000, Makes It All Back in 24 Hours

AI Mistakenly 'Tips' $260,000, Makes It All Back in 24 Hours

AI Awakening seems to be really happening: they have already started to learn how to earn money on their own, and their money-earning ability may even surpass that of humans.

Arthur Hayes: Why is HYPE a 5x Moonshot?

Arthur Hayes: Why is HYPE a 5x Moonshot?

Arthur Hayes' price target for HYPE in August 2026 is $150.

OpenClaw Money-Saving Strategy: Saving Two Thousand a Month - What Am I Doing Right?

OpenClaw Money-Saving Strategy: Saving Two Thousand a Month - What Am I Doing Right?

Don't Keep Replaying Old Stuff

a16z: Making a $2 Billion Bet on the Next Dawn of Web3

a16z: Making a $2 Billion Bet on the Next Dawn of Web3

What did the Inarticulate Geniuses See This Time?

Trade to Earn Series IV: WEEX Launches Up to 40% Real-Time Futures Fee Rebates

Trade to Earn Series IV: WEEX Launches Up to 40% Real-Time Futures Fee Rebates

Trade futures on WEEX and earn up to 40% real-time fee rebates. Trade to Earn Series IV lets you accumulate WXT rewards while reducing trading costs.

WEEX AI Hackathon Champions Crowned, Revealing Future of AI Trading

WEEX AI Hackathon Champions Crowned, Revealing Future of AI Trading

The first-ever WEEX AI Hackathon has concluded, with 10 winners emerging from over 200 global teams. Beyond its $1.8 million prize pool, the event marked a milestone—proving that the future of AI trading belongs to accessible, AI-powered innovation.

View: No Hype, No FUD, I Rate OpenClaw at 65 Points

View: No Hype, No FUD, I Rate OpenClaw at 65 Points

If you approach lobster with a "get rich quick" or "lead Web 4.0" mindset, you will surely be disappointed.

Single-day Oil Price Plunge Exceeds 30%, Copilot Cowork Feature Launched, What Is the English-Speaking Community Talking About Today?

Single-day Oil Price Plunge Exceeds 30%, Copilot Cowork Feature Launched, What Is the English-Speaking Community Talking About Today?

What Have Foreigners Been Most Interested in the Last 24 Hours?

The Agent Spend Safely thing has already taken off

The Agent Spend Safely thing has already taken off

Every shift in platform paradigm brings forth a new wave of merchants that existing payment systems cannot cater to.

After the rise in the stablecoin's status, long-time partners Circle and Stripe vie for dominance

After the rise in the stablecoin's status, long-time partners Circle and Stripe vie for dominance

A Stablecoin On-Chain "Middle Path Encounter".

WEEX Trade to Earn: Turn Futures Trading into Instant WXT Rewards

WEEX Trade to Earn: Turn Futures Trading into Instant WXT Rewards

Join WEEX Trade to Earn and earn instant WXT rebates on every futures trade. Boost rewards with referrals and tasks. Trade more, earn more on WEEX exchange.

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period

Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more

Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.

To the Builders who are still persevering in the crypto industry

Kydo deeply reflects on the dilemmas of the cryptocurrency industry: bidding farewell to the false prosperity of "selling infrastructure to developers" and proposing a new paradigm of using programmable capital to provide growth fuel for AI Agent companies.

Oil Price Cools Off, Crypto Bounces Back

Why Oil and Bitcoin Prices Always Move in Opposite Directions

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App

With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.

If you only follow the news, you may have misconstrued this Iran conflict

With a Narrative-Driven Agenda, Western Media Falsifies War Coverage

Popular coins

Latest Crypto News

20:43

Data: 179.44 BTC was transferred from an anonymous address and then sent to another anonymous address after a relay

According to Arkham data, at 19:35, 179.44 BTC (worth approximately 12.6692 million USD) was transferred from one anonymous address (starting with bc1q8h...) to another anonymous address (starting with bc1qjd...).

20:43

Data: A certain long-term hedge arbitrage giant has turned to a unilateral bearish position, with a total short position size reaching 34.9 million USD

According to monitoring by Hyperinsight, the whale address starting with 0xcac has recently undergone a significant shift in its holding structure.Previously, this address engaged in neutral arbitrage operations for a long time, earning the funding rate difference by selling BTC spot and closing sho...

20:43

The publicly traded company Hyperscale Data's Bitcoin holdings have increased to over 617 coins

According to PR Newswire, NYSE American listed company Hyperscale Data announced that its Bitcoin treasury holdings have increased to 617.1605 BTC, with a total market value of approximately $40.7 million.Among them, its wholly-owned subsidiary Sentinum holds 569.967 BTC (including approximately 440...

20:43

Glassnode: Nearly 600,000 bitcoins were bought during the pullback, with the $60,000-$70,000 range becoming a dense cost zone

According to CoinDesk, data from the on-chain analysis platform Glassnode shows that during the recent pullback of Bitcoin below $70,000, traders have been buying the dip significantly, accumulating nearly 600,000 BTC, valued at approximately $4.248 billion at current prices, with about 200,000 BTC ...

20:43

The Hong Kong Securities and Futures Commission plans to collaborate with the police and licensed institutions to use the "24/7 payment halt mechanism" to freeze fraudulent funds

The CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that the agency has received nearly 900 complaints about investment fraud, with a quarter related to virtual currencies.The Hong Kong Securities and Futures Commission will collaborate with the police, customs, the Mone...