Weekly Market Report. December 6, 2024

December 6, 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

Hawk Tuah memecoin dumps 90% amid backlash over controversial launch 😲

The launch of viral influencer Haliey Welch’s Hawk Tuah memecoin sparked outrage across social media as the newly launched token briefly pumped and then dumped rapidly following a controversial deployment involving allegations of snipers and insider wallets.

Donald Trump appoints David Sacks to lead AI and crypto at White House by Danny Park 🤔

U.S. President-elect Donald Trump announced Thursday that Yammer founder and former Paypal COO David O. Sacks will be the “White House A.I. and Crypto Czar.”

OpenAI, Anthropic Expand in Europe With Zurich Offices 🧐

OpenAI and rival artificial-intelligence startup Anthropic have set up offices in Zurich, betting on the Swiss city where tech giants like Alphabet’s Google, Facebook META -0.79%decrease; red down pointing triangle owner Meta Platforms and Microsoft MSFT 1.19%increase; green up pointing triangle have a presence to poach AI talent.

📈 Market Data

🚨 Important News This Week

AI

AI training consent a ‘perfect use case’ for blockchain — Aptos co-founder
Pro Take: Do AI and Blockchain Go Together? One Venture Firm Backs Both
The UC Berkeley Project That Is the AI Industry’s Obsession

Tech

He Was Going to Save Intel. He Destroyed $150 Billion of Value Instead.
Tech, Media & Telecom Roundup: Market Talk
Microsoft breakthrough signals quantum-exclusive future for blockchain mining

Business

BlackRock, MARA Holdings, whale buy nearly 10K Bitcoin as price retreats
Biden Rushes to Trump-Proof His Signature Energy, Chip Policies
Microsoft breakthrough signals quantum-exclusive future for blockchain mining

Crypto

BTC price: $100K ‘in sight’ as open interest reset boosts Bitcoin bulls
Bitcoin may attract $2T from new $20T money supply in 2025
Hardware wallet Trezor reports peak demand as Bitcoin approached $100K

🚨 Notable Companies Secure Impressive Investments

Pantera Capital has raised $20M to invest in Toncoin [TON]
BLIFE Protocol has raised $7M in a funding round led by UTXO Management
Union Labs has raised $14M in a Series A funding round co-led by Gumi Cryptos and Longhash Ventures
GAIB has raised $5M in a Pre-Seed round co-led by Hack VC, Faction VC and Hashed
Sekai has raised $3M in a Seed funding round backed by a16z crypto CS

⚖️ Exciting Encounter with a Legal Legend – Alan Dershowitz!

🤣 Meme of the Week

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