Weekly Market Report. June 21, 2024

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June 21, 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

Konami partners with Avalanche for Resella NFT platform launch 😲

Japanese game developer and publisher Konami Digital Entertainment has announced its collaboration with the Avalanche blockchain to launch its new non-fungible token (NFT) solution, “Resella.”

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Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment 🤔

Bitcoin’s (BTC) slow bleed lower over the past weeks has sped up Friday, the price dipping more than 3% in the past 24 hours to slide to about a five-week low of $63,700, now lower by 9% over the past month.

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Apple Says Regulatory Concerns Might Prevent Rollout of AI Features in Europe 🧐

Apple said it likely won’t roll out AI features to millions of customers in Europe this year because of concerns over the EU’s technology industry regulations.

📈 Market Data

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🚨 Important News This Week

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AI

  • HeyGen Valued at $500 Million in Funding Round

  • Broadcom’s AI surge challenges Nvidia’s dominance

  • Poolside is raising $400M+ at a $2B valuation to build a supercharged coding co-pilot

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Tech

  • Nvidia Sheds $200 Billion in Value After Short Run as Top Stock

  • OpenAI Buys Enterprise Startup to Help Customers Sift Through Data

  • Bugatti’s new car is a $4 million, 1,800 horsepower hybrid


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Business

  • Amazon will stop using those little plastic pillows in its packaging

  • Elon Musk’s $56 billion pay: Tesla, critics clash over how to resolve legal dispute

  • TikTok ramps up attacks on Biden administration in challenging prospective ban

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Crypto

  • MicroStrategy Acquires 11.9K More Bitcoin for $786M

  • CFTC is probing Jump Crypto, previously one of the sector’s biggest players

  • Solana ETF Proposal Aims to Be First in North America

🚨 Notable Companies Secure Impressive Investments

  • Memecoin leverage trading protocol Wasabi has raised $3M in a Seed funding round

  • Renzo [REZ] has raised $17M in two funding rounds

  • Sonic has raised $12M in a Series A funding round led by Bitkraft Ventures

  • Particle Network [PARTI] has raised $15M in a Series A funding round

  • Gudchain has raised $5M in a funding round led by Mechanism Capital

  • Fantom Foundation has allocated up to 200M FTM to Sonic Labs Innovator Fund

  • Mystiko Network [XZK] has launched a $5M Ecosystem Grants program

🤣 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]