Weekly Market Report. February 16, 2024

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February 16, 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’s Latest Rally is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields 😲

Bitcoin (BTC) has jumped over 35% to over $52,000 since Jan. 23, consistent with its reputation of chalking double-digit gains in a matter of weeks. The latest move, however, stands out because it has materialized alongside a resurgent U.S. dollar index (DXY) and Treasury yields.

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OpenAI Unveils AI System to Turn Text Into Realistic Videos 🤔

OpenAI teased a new artificial intelligence system that can create realistic-looking videos based on text prompts from users, making it the latest AI company to embrace generative video technology.

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Japan and the UK are in recessions. Is the US next? 🧐

Japan’s economic contraction is connected to its shrinking population, wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a note Thursday. In 2022, the nation’s population declined by 800,000, marking the 14th consecutive year of contraction. That limits the country’s ability to grow because it means “fewer people make and consume fewer things,” Donovan said.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

icon ai


  • OpenAI Marches on Hollywood With Video Creation Tool

  • Apple plans AI-based code completion tool -report

  • LangChain lands $25M round, launches platform to support entire LLM application lifecycle

icon tech


  • Microsoft’s Xbox Game Pass service grows to 34 million subscribers

  • Toast, a Restaurant-Software Firm to Cut 550 Workers

  • Meta is passing on the Apple tax for boosted posts to advertisers

icon business


  • Nike to Cut 2% of Workforce as Sportswear Giant Seeks Savings
  • Airbus Extends Lead Over Boeing Amid Archrival’s Stumbles
  • Japan Loses Its Spot as World’s Third-Largest Economy as It Slips Into Recession

icon crypto


  • Coinbase Stock Soars Pre-Earnings on JPMorgan’s Rating Boost

  • Crypto Market Hits  $2T Milestone as Bitcoin Surpasses $52,000

  • MicroStrategy’s bitcoin success sparks speculation on potential S&P 500 entry

🚨 Notable Companies Secure Impressive Investments

  • The Mystery Society has raised $3M in a Seed funding round led by Shima Capital

  • Analog has raised $16M in Seed and Strategic funding rounds led by Tribe Capital

  • Truflation has raised a $6M funding round backed by Chainlink

  • Fordefi has raised $10M in a funding round led by Electric Capital

  • Ultiverse has raised $4M in a strategic funding round led by IDG Capital

  • Architect has raised $12M in a funding round co-led by Blocktower and Tioga Capital

  • Overworld has raised $10M in a Seed funding round backed by Hashed and others

  • Helika has raised $8M in a Series A funding round led by Pantera Capital

  • Lava has raised $15M in a Seed funding round co-led Jump Capital, Hashkey and Tribe Capital

  • Witness has raised $3.5M in a Seed funding round led by Haun Ventures

🎙️Unlocking Gibraltar’s Crypto Frontier with Web3 Lawyer Aaron Payas

Unlocking Gibraltar's Crypto Frontier with Web3 Lawyer Aaron Payas | Hosted by Constantin Kogan

🤣 Meme of the Week


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Constantin Kogan

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