Weekly Market Report. December 1, 2023

December 1, 2023

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

Tesla Cybertruck delivery event: Everything Elon revealed about the EV pickup😲

The cheapest of the batch, a rear-wheel version with 250 miles of range, a 6.9-second zero to 60 miles per hour acceleration rate and a $60,990 base price, won’t be available until 2025. That leaves an all-wheel version and the so-called Cyberbeast.

Sam Altman on being fired and rehired by OpenAI 🤔

After an attempted boardroom coup that lasted five days, Altman officially returned as CEO of OpenAI on Wednesday. The company’s biggest investor, Microsoft, is planning to take a nonvoting board seat as well.

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Supreme Court seems poised to limit power of SEC 🙋

Key Supreme Court justices expressed deep reservations Wednesday with how the Securities and Exchange Commission brings some enforcement actions for securities fraud, suggesting the court could be poised to pare back on the agency’s power in the latest dispute concerning the so-called administrative state to come before the high court.

📈 Market Data

2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

AI

Girolamo an AI Chatbot Launches Beta on Cardano Blockchain
US Urges Saudi Fund Exit from Altman-Backed AI Chip Startup
Brazilian City Implements Ordinance Drafted in Secret by AI

Tech

TikTok to Invest €12B in Europe, Starts Norwegian Data Center
Dell Sales Below Estimates, Corporate PCs Lagging
Latin America Triumphs, Climate Tech Momentum $2.3B Sale

Business

UK Eyes Jeff Zucker’s Media Comeback Deal
China Evergrande’s Last-Ditch Debt Plan to Avoid Liquidation
Euro-Zone Inflation Expected to Slow Rapidly

Crypto

Binance to Halt BUSD Stablecoin Support on Dec. 15
Coinbase Law Enforcement Requests Triple in 3 Years
FTX, Alameda Cash Out $10.8M to Binance, Coinbase

🤣 Meme of the Week

💰 Notable Companies Secure Impressive Investments

Binance Labs has invested $3.15M in Open Campus [EDU] to advance educational content creation
Blast, a new Ethereum L2 with native yield, has received $5M in funding from CGV
MYX has raised $5M in a Seed funding round backed by Consensys and Sequoia China
IZUMO has raised $12.7M in a Seed funding round co-led by Hashed and ANRI
Coinchange has raised $10M in a Series B funding round backed by G1.VС and others
Wormhole has raised $225M in a funding round backed by Brevan Howard Digital and others
OCEAN has raised $6.2M in a Seed funding round led by Jack Dorsey
Term Structure has raised $4.25M in a Seed funding round backed by HashKey Capital and others
Acctual has raised $3.85M in a Seed funding round co-led by Third Prime and IDEO
MITH has raised $3.5M in a Seed funding round backed by Warner Music Group and Winklevoss Capital
Grove has raised $7.9M in a funding round backed by Placeholder Capital and others