Weekly Market Report. July 26, 2024

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July 26, 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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BTC Outperforms Broader Crypto Market 😲

Bitcoin (BTC) outperformed the broader crypto market during the Asia trading day, adding 4.4% to test $67,000 while the CoinDesk 20 Index (CD20) rose 3.3%.

Musk Says Tesla Board to Discuss $5 Billion xAI Investment 🤔

Musk asked X users in a poll whether they agreed a deal was a good idea. After more than two-thirds of respondents voted affirmatively, the CEO said Thursday it looks like “the public is in favor” and that the EV maker would consider the matter.

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Olympics opening ceremony underway in Paris 🧐

The opening ceremony for the Summer Olympic Games is underway in Paris, hours after a series of “malicious acts,” including arson, targeted France’s high-speed train lines. The “coordinated sabotage” caused travel chaos around a day of pomp and circumstance.

📈 Market Data

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🚨 Important News This Week

icon ai

AI

  • ChatGPT Voice Mode with GPT-4o model coming to Plus members soon

  • Apple to Adopt Voluntary AI Safeguards Established by Biden

  • VCs are still pouring billions into generative AI startups

icon tech

Tech

  • CrowdStrike says more than 97% of Windows sensors are back online

  • New leak spoils Google’s upcoming Pixel 9 event

  • Ferrari Narrowly Dodges Deepfake Scam Simulating Deal-Hungry CEO


icon business

Business

  • Disney Bets on Deadpool, Wolverine and Dirty Jokes to Save Marvel
  • Ackman Eyes $4 Billion for Closed-End Fund
  • Southwest to get rid of open seating, offer extra legroom in biggest shift in its history

icon crypto

Crypto

  • Michigan pension fund adds $6.6 million in Bitcoin ETF holdings

  • JPMorgan Chase, Wells Fargo and Bank of America Refuse To Reimburse $863,000,000 To Customers

  • Michael Saylor is Looking for a Government Bitcoin Bailout

🚨 Notable Companies Secure Impressive Investments

  • Etherfuse has raised a $3M Seed round co-led by White Star Capital and North Island Ventures

  • NPC Labs has raised $21M in Pre-Seed and Seed funding rounds

  • Bitlayer has raised $11M in a Series A funding round co-led by Franklin Templeton, ABCDE and Framework Ventures

  • Igloo has raised $11M in a Strategic funding round led by Founders Fund

  • Web3 AI firm Network3 has raised $5.5M in Pre-Seed and Seed funding rounds

  • Kintsu has raised $4M in a Seed funding round backed by Brevan Howard Digital

🚀 Inside Blockchain Builders

Fund with Gil Rosen

🎓Inside Blockchain Builders Fund with Gil Rosen | Ep. #78

🚀 Speaking at Scotland’s First

Web3 Major Event

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  • I will be speaking at Scotland’s First Major Web3 Event

  • August 1-2, 2024, at Barras Art & Design in Glasgow

  • Check out more about the event here: BlockStartScot

🤣 Meme of the Week

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🫰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]