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.

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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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AI

  • 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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Tech

  • 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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Business

  • 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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Crypto

  • 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?

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

Sincerely,

Constantin Kogan

[email protected]