Weekly Market Report. April 12, 2024

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April 12, 2024

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.

Let’s explore together! 🌐🚀

🔥 Top Reads


One of Elon Musk’s newer companies is eyeing an $18 billion valuation 😲

The Wall Street Journal reported Friday that investors close to Elon Musk are in talks to help xAI raise $3 billion as part of a new fundraising round that would value the artificial intelligence startup at $18 billion.

Hong Kong’s Incoming Spot Bitcoin ETFs Could Be ‘Big Deal 🤔

Heightened anticipation for spot-based bitcoin ETFs in the U.S. and the eventual inflows supercharged bitcoin’s run-up to new all-time highs, and now Hong Kong regulators reportedly are inching closer to approving similar funds, news that thus far has been mostly unnoticed in crypto circles.


Goldman Sachs among Wall Street titans backing BlackRock’s Bitcoin ETF 🧐

Goldman Sachs, UBS, Citadel Securities, and Citigroup have been selected to be authorized participants (APs) for BlackRock’s spot Bitcoin exchange-traded funds (ETFs) IBIT, according to a post-effective amendment dated April 4, 2024.

📈 Market Data

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2024 Halving Date ETA: April 19, 2024

🚨 Important News This Week

icon ai


  • OpenAI just dropped a new ‘majorly improved ‘ version of GPT-4-Turbo

  • TikTok to Introduce AI Virtual Influencer Feature

  • AI Plans for New Business Venture Shared by Former Binance Boss CZ

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  • Tesla Is Going All In on Robotaxis

  • Trudeau announces $1.8B package to boost Canada’s AI sector

  • Instagram to crack down on teen sextortion

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  • The Fed might not be done raising interest rates just yet
  • Toyota sells only two electric vehicles
  • Brazil Easing Cycle Seen Shorter After US CPI

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  • Terra Luna Classic as LUNC Plummets 30% in a Month

  • Grayscale CEO Reveals When GBTC Fees Will Go Down Amid Concerning Outflows

  • Ripple CEO Brad Garlinghouse Hits Back at Scammers, Vows to Fight Fraud

🚨 Notable Companies Secure Impressive Investments

  • Lumoz has raised $6M in a pre-Series A round backed by OKX Ventures and others

  • Monad Labs has raised $225M in a funding round led by Paradigm

  • Mezo has raised $21M in a Series A funding round led by Pantera Capital

  • OpenTrade has raised $3.2M in a Seed funding round backed by a16z CSX and others

  • Sapien has raised $5M in a seed funding round backed by Animoca Brands and others

  • Bitcoin miner manufacturer Auradine raised $80M in a Series B funding round

  •  Alpen Labs has raised $10.6M in a seed funding round led by Ribbit Capital

  • Tomo has raised $3.5M in a Seed funding round led by Polychain Capital

🎙️ The Future of Web3 and AI: A Deep Dive with James Ho

The Future of Web3 and AI: A Deep Dive with James Ho

🤣 Meme of the Week

🫰Love What You Read?


If you have any questions, please contact me directly in my email.


Constantin Kogan

[email protected]