Weekly Market Report. January 10, 2025

January 10, 2025

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

Standard Chartered debuts crypto services in Europe with new license 😲

Banking giant Standard Chartered is debuting crypto services in Europein Europe via its new Luxembourg entity after securing a digital asset license under the MiCA framework.

DOJ Cleared to Sell $6.5 Billion in Bitcoin Seized From Silk Road 🤔

As markets have embarked into the new frontier of cryptocurrency in recent years, the top federal agency that oversees financial services is admitting its crypto approach has been wrong.

Elon Musk’s xAI Launches Stand-Alone Grok App 🧐

Elon Musk’s artificial-intelligence startup, xAI, launched its first stand-alone consumer app, its latest step as the company tries to catch up with more established players such as OpenAI and Google in the generative AI race.

The app is called Grok, which is also the name of the AI language model developed by xAI. Users noticed the app in Apple’s App Store early Thursday.

📈 Market Data

🚨 Important News This Week

AI

Taking AI to the next step with blockchain and an ecosystem approach
Blackstone to Make $300 Million Investment in AI Data Company
OpenAI losing money on $200/mo ChatGPT Pro plan, CEO Sam Altman says

Tech

NVIDIA chief calls robots “multitrillion-dollar” opportunity, outlining vision for next-level growth
Italy fines OpenAI $15M over data protection, privacy breaches
Holcim Names Chairman Jan Jenisch as CEO of Planned North American Spinoff

Business

Elon Musk said to ask CA, DE to auction off OpenAI stake
Fetch.ai launches $10M accelerator for AI agent startups
Trump taps billionaire fintech CEO with SpaceX ties to head NASA

Crypto

Pudgy Penguins’ NFT sales nosedive as token rallies: Nifty Newsletter
Ronin Network integrates Transak for fiat-to-crypto and NFT payments
Art gallery argues NFT holders can’t sue it due to ‘market decline’

🚨 Notable Companies Secure Impressive Investments

ZKsync-powered L2 ZKcandy has raised $4M in a Private funding round
SoSoValue has raised $15M in a Series A round co-led by HSG and SmallSpark
Rena Labs has raised $3.3M in a Pre-seed funding round led by Paper Ventures
0G Labs [0G] has raised $30M by selling almost 85,000 AI nodes

🌟 Had the honor of speaking at The Future of AI Summit at Master Card HQ in NYC

🤣 Meme of the Week

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