Weekly Market Report. April 5, 2024

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April 5, 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

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Bitcoin Is an Insurance Policy Against Rogue Regimes: Cathie Wood 😲

Cathie Wood, founder and CEO of leading investment management firm Ark Invest, thinks Bitcoin (BTC) is an insurance policy against rogue regimes as more users flock to it amid the devaluation of their national currencies.

BlackRock Adds Goldman Sachs, Citigroup, Citadel as APs for Bitcoin ETF 🤔

BlackRock (BLK) has added five additional authorized participants (APs) to the iShares Bitcoin Trust (IBIT), bringing the total number to nine as the fund continues to attract billions of dollars from investors.

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U.S. Economy Added 303,000 Jobs in March 🧐

U.S. employers added a seasonally adjusted 303,000 jobs in March, the Labor Department reported Friday, significantly more than the 200,000 economists expected. The unemployment rate slipped to 3.8%, versus February’s 3.9%, in line with expectations.

📈 Market Data

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2024 Halving Date ETA: April 19, 2024

🚨 Important News This Week

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AI

  • Google considers charging for AI-powered search in big change to business model

  • OpenAI expands its custom model training program

  • AI Unicorn Cohere debuts new business-friendly model

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Tech

  • Disney Plus password-sharing crackdown starts in June

  • Samsung is doubling its semiconductor investment in Texas to $44 billion

  • Apple lays off more than 600 workers in California after scrapping car and display project


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Business

  • Nigeria wants a road to rival the Pacific Coast highway.
  • Stocks fall as Fed’s Kashkari talks of potentially ‘no rate cuts’ this year
  • Yellen Chides China over ‘Coercive’ moves against US firms

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Crypto

  • South Korea to introduce stringent guidelines for crypto exchange listings in May

  • Solana price falls amid network congestion as Wormhole plunges after airdrop

  • Ripple to launch Dollar-backed stablecoin

🚨 Notable Companies Secure Impressive Investments

  • XION has raised $25M in a Series A round backed by Multicoin Capital and others

  • Arrow Markets has raised $4M in a Series A round backed by Delphi Digital and others

  • Merkle Trade has raised $2.1M in a Seed funding round co-led by Hashed and Arrington Capital

  • Alienx has raised $17M in two funding rounds backed by Arbitrum developer Offchain Labs

  • Gomble Games has raised $10M in cumulative funding

  • AutoLayer has raised $2.5M in a Seed funding round

  • Camp Network has raised $4M in a Seed funding round led by Maven 11

  • Agora has raised $12M in a Seed funding round led by Dragonfly

  • EigenLayer AVS Gasp has raised $5M in a private funding round

🙋 Meet Me at the Paris Blockchain Week: April 10th, Wednesday

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🎉 Join us for a one-of-a-kind event – TDeFi | Web3 Incubator & Consulting Startup House with Psalion on April 10th 2024. Set against the backdrop of the historic “Hotel de la Marine” blending Parisian elegance with crypto innovation.

🚀 This invitation-only gathering during the Paris Blockchain Week is dedicated to nurturing startups, guiding them on their journey to become leading enterprises through impactful collaboration and mentorship.

🔗 Register Here

🙌 Happy to meet amazing founders and our partners

😎  Empowering Gaming Through NFTs:

My NFTNYC Experience

🎉 I’m incredibly grateful for the opportunity to have participated in the NFTNYC event on April 4th. Our panel discussion on “Utilizing NFTs to Enhance the Gaming Experience” was a resounding success, with engaging dialogue among panelists and attendees.

💡 Following the event, our private gathering with partners proved fruitful, fostering collaborations and networking opportunities. It was a fantastic chance to explore potential collaborations and brainstorm innovative ideas for the future of gaming and NFTs.

🚀 Looking ahead, I’m excited about hosting more events and collaborating with fellow investors and leaders in the space to continue driving innovation and shaping the gaming industry’s trajectory.

🤣 Meme of the Week

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🫰Love What You Read?

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

Sincerely,

Constantin Kogan

[email protected]