Weekly Market Report. February 23, 2024

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February 23, 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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OpenAI’s Sora Video Generator is Impressive 😲

OpenAI doesn’t have a set timeline for releasing Sora because the company wants to make sure it can adequately mitigate safety risks related to the election first, according to OpenAI spokesperson Natalie Summers.


Jack Dorsey’s Block posts 90% boost in Bitcoin gross profits 🤔

On Feb. 22, Block released its earnings report for the fourth quarter, which saw the total sale amount of BTC sold to customers (shown as Bitcoin revenue) at $2.5 billion, up 37% year-over-year in Q4.


Nvidia Declares AI a ‘Whole New Industry 🧐

Big tech companies are pouring cash into artificial intelligence at a breakneck pace. And based on the earnings update Wednesday from Nvidia NVDA 16.40%increase; green up pointing triangle, much of it is going to that chip maker.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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  • DeepMind by Google forms a new org focused on AI safety

  • Google to pause Gemini AI model’s image generation of people due to inaccuracies

  • Reddit in AI content licensing deal with Google

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  • Roblox Game Developers Earned a Record $741 Million Last Year

  • China’s Lenovo posts Q3 revenue growth, beats analyst estimates

  • Rivian says it is laying off 10 percent of its workforce as EV woes deepen

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  • HSBC’s Profit Sinks on $3 Billion Charge at Chinese Bank
  • Head of Boeing’s 737 MAX program leaves after mid-air incident
  • Canada’s inflation rate slows and bolsters bets on early rate cut

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🚨 Notable Companies Secure Impressive Investments

  • AltLayer has raised $14.4M in a Strategic funding round co-led by Polychain Capital and Hack VC

  • Ethena Labs secured a $14M Seed extension round

  • Meso has raised $9.5M in a Seed funding round co-led by Solana Ventures and Ribbit Capital

  • Monkey Tilt has raised $21M in a funding round backed by Polychain Capital and other

  • ZeroLend has raised $3M in a Seed funding round

  • INIT Capital has raised $3.1M in a Seed funding round co-led by Electric Capital and Mirana Ventures

  • EigenLayer has raised $100M from Andreessen Horowitz (a16z)

🎙️Are Crypto-Friendly Banks a Reality?

Have you checked the newest AND incredible interview? (w/ Aaron Payas)

🤣 Meme of the Week

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🫰Love What You Read?


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


Constantin Kogan

[email protected]