Weekly Market Report. January 12, 2024

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January 12, 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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Grayscale court decision was key to Bitcoin ETF approval, says Gary Gensler 😲

Gary Gensler, chairman of the United States Securities and Exchange Commission, acknowledged on Jan. 12 that Grayscale’s court victory was crucial in approving spot Bitcoin  BTC tickers down $43,695  exchange-traded funds (ETFs).

Tesla Declines on China Price Cuts and German Plant Shutdown 🤔

Tesla Inc. shares dropped after the carmaker cut prices again in China and said its lone European factory will be disrupted by attacks in the Red Sea.


Bitwise, Fidelity, BlackRock See Biggest Bitcoin ETF Inflow in Preliminary Tally🧐

Initial data shows Bitwise’s bitcoin ETF (BITB) saw the biggest inflow of cash among the 11 newly issued products that began trading Thursday, followed by Fidelity’s fund (FBTC), according to a BitMex Research X post citing Bloomberg data.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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  • OpenAI Signs Up 260 Businesses for Corporate Version of ChatGPT

  • Google Cloud launches new generative AI tools for retailers

  • Microsoft’s ‘Real Relationship’ With OpenAI Is Key EU Focus

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  • Amazon’s ‘Just Walk Out’ tech now works with employee badges

  • DocuSign to be acquired by Bain, Hellman & Friedman

  • Discord is laying off 17 percent of employees

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  • Citigroup Plans to Cut 20,000 Jobs

  • BlackRock Buys Infrastructure Firm GIP for $12.5 Billion

  • Airbus Shatters Record for Jet Orders as Demand Soars

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  • Elon Musk Considers Bitcoin as a Payment Method on Mars

  • US Investment Advisory Firm Says $150 Billion Will Go Into Bitcoin Spot ETFs

  • SEC Reawakens Tension in Ripple Lawsuit With Shocking Demands

🚨 Notable Companies Secure Impressive Investments

  • Bracket Labs has raised $2M in a Pre-Seed funding round backed by Binance Labs and others

  • CharacterX has raised $2.8M in a Seed funding round led by Lightspeed Venture Partners

  • Saros Finance has raised $3.75M in a funding round backed by Hashed Fund and others

  • Ta-da [TADA] has raised $3.5M in two funding rounds led by Morningstar Ventures and MultiversX Foundation

  • Finoa has raised $15M in a strategic funding round co-led by Maven 11 and Balderton

  • AI Arena has raised $6M in a funding round led by Framework Ventures

  • Kasu [KSU] has raised $3M in a Seed funding round led by Woodstock, Morningstar Ventures and Faculty Group

  • Bitfinity has raised $7M in total funding from Polychain Capital and others

  • Pontem has raised $6M in a funding round co-led by Faction and Lightspeed Venture Partners

  • SkyArk Chronicles has raised $15M in a funding round led by Binance Labs

🤣 Meme of the Week

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🤔 Is AI the greatest threat to organizations?

Hey! Make sure to check out the latest interviews on Holistic Investments!

🫰Love What You Read?


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


Constantin Kogan

[email protected]