Weekly Market Report. June 14, 2024

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June 14, 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

Tesla shareholders approving Elon Musk’s $56 bln pay package 😲

Tesla, opens new tab shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth.

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MicroStrategy and Michael Saylor are unstoppable: They made an additional $200 Million Bitcoin move 🤔

MicroStrategy, a Nasdaq-listed software company and the largest institutional holder of Bitcoin (BTC), has increased its convertible bond offering by 40%, or $200 million, to $700 million, in addition to its $500 million initial plan.

ckr

Microsoft’s Nadella Is Building an AI Empire 🧐

Chief Executive Satya Nadella bet the future of Microsoft pointing triangle on the potential of artificial intelligence when he forged a groundbreaking partnership with OpenAI, the creator of ChatGPT.

📈 Market Data

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🚨 Important News This Week

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AI

  • Microsoft to delay launch of AI Recall tool due to security concerns

  • Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not Cash

  • Yahoo resurrects Artifact inside a new AI-powered News app

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Tech

  • GameStop Shareholder Meeting Is Adjourned After Glitch Disrupts Call

  • Roaring Kitty’ Appears to Have Exited GameStop Call Options

  • Microsoft exec vows to fix security gaps that let China-linked hackers get federal emails


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Business

  • Judge Likely to Reject $30 Billion Visa, Mastercard Fee Deal

  • Houston in talks with FIFA to become 2026 World Cup hub site

  • Apple is now the most valuable US public company

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Crypto

  • Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

  • Toncoin price risks correction after TON’s 34% surge in 2 weeks

  • Wall Street must be accountable for Bitcoin mining emissions

🚨 Notable Companies Secure Impressive Investments

  • Nexus has raised $25M in a Series A funding round co-led by Lightspeed Venture and Pantera Capital

  • Squads has raised $10M in a Series A funding round led by Electric Capital

  • Symbiotic has raised $5.8M in a Seed funding round co-led by Paradigm and Cyber Fund

  • Ava Protocol has raised $4.5M in a Seed+ funding round backed by Electric Capital and others

  • Layer3 has raised $15M in a Series A round co-led by ParaFi and Greenfield Capital

  • Paradigm has raised $850M for a third fund focused on early-stage crypto projects

🚀 Transforming the Future of Blockchain and AI with NEAR Protocol

⛓️🔐 Transforming the Future of Blockchain and AI with NEAR Protocol | Ep. #77

🤣 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]