Weekly Market Report. December 13, 2024

December 13, 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

DePIN and spatial streaming bring AI agents to life with a body and soul 😲

A DePIN platform leverages spatial streaming technology to democratize access to the 3D internet and enable AI-driven digital experiences.

Ubisoft, Arbitrum to launch ‘Captain Laserhawk’ Web3 shooter Dec. 18 🤔

The Arbitrum Foundation and French gaming giant Ubisoft have announced Dec. 18 as the official launch date for Captain Laserhawk: The G.A.M.E., a Web3-enabled top-down shooter.

Binance inflows hit $24 billion from 250M user base in 2024 🧐

Cryptocurrency exchange Binance has racked up over $24 billion in inflows from user deposits so far in 2024, according to data from DefiLlama.

📈 Market Data

🚨 Important News This Week

DePIN and spatial streaming bring AI agents to life with a body and soul
Scammers are using Telegram verification bots to inject crypto-stealing malware
Get ready for ‘Long Thinking,’ AI’s next leap forward

Tech

Google unveils new quantum computing chip
Elon Musk: IRS relies on old computers, ‘can’t pass basic audits’
Google‘s quantum boost doesn’t really compete

Business

Binance inflows hit $24 billion from 250M user base in 2024
Emerging markets lead crypto adoption, according to Consenys survey
Former Grayscale CEO Michael Sonnenshein joins Securitize as COO

Crypto

Bitcoin could hit $160K in 2025, fueled by improving macro conditions
Ex-Paradigm investor raises $75M for new frontier-tech venture firm
Avalanche raises $250M ahead of Avalanche9000 launch

🚨 Notable Companies Secure Impressive Investments

Lava has raised $10M in a Series A round co-led by Founders Fund and Khosla Ventures
Hyperbolic has raised $12M in a Series A funding round co-led by Variant and Polychain Capital
Klickl has raised $25M in a funding round co-led by Aptos Labs and Web3Port
Exabits has raised $15M in a Seed funding round led by Hack VC
Commonware has raised $9M in a funding round co-led by Dragonfly and Haun Ventures
Sphere has raised $5M in a Strategic round co-led by Coinbase Ventures and Kraken
Avalanche has raised $250M in a locked-token sale co-led by Galaxy, Dragonfly, and ParaFi
Fantasy has raised $4.25M in a Seed funding round led by Dragonfly

🤣 Meme of the Week

🇦🇪 Abu Dhabi – Dubai Events

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