Weekly Market Report. June 28, 2024

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June 28, 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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Bybit Is Now the World’s Second-Largest Crypto Exchange 😲

Bybit surpassed Coinbase in March to become the world’s second-largest cryptocurrency exchange after Binance, according to a report from crypto research firm Kaiko.

Long Dormant Whale Sends $61M BTC to Coinbase, On-Chain Data Shows 🤔

Out of the blue, a whale wallet that had been inactive for six years sprung to life early Friday, moving bitcoin to Coinbase as the leading cryptocurrency faded the spike above $62,000.

social QsS

Biden Crashes in First Clash With Trump—and Other Takeaways From the Debate 🧐

President Biden, battling a hoarse voice and sometimes stammering, delivered an unsteady performance Thursday evening in his first debate against former President Donald Trump.

📈 Market Data

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🚨 Important News This Week

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AI

  • Andrew Ng plans to raise $120M for next AI Fund

  • Meta starts testing user-created AI chatbots on Instagram

  • SoftBank Raises $1.86 Billion Overseas as It Boosts AI Bets

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Tech

  • Apple Vision Pro launches in first countries outside the US

  • Snapchat is rolling out new safety tools aimed at protecting teens from sextortion
  • Tesla Investors Brace for Big Share Price Moves as Major Catalysts Loom


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Business

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Crypto

🚨 Notable Companies Secure Impressive Investments

  • Colosseum has raised $60M for its first fund

  • Covalent has raised $5M in a strategic funding round led by RockTree Capital

  • Crossover Markets has raised $12M in a Series A funding round

  • Ora has raised $20M in a Series A funding round backed by Polychain Capital

  • AnchorZero has raised $8M in seed funding round led by Bain Capital Crypto and Spark Capital

  • Vitalik Buterin took part in MegaETH’s $20M seed funding round led by Dragonfly

🤣 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]