Weekly Market Report. March 15, 2024









March 15


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March 15, 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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Ethereum ecosystem needs a major mindset shift for global impact, says Vitalik Buterin 😲

Ethereum co-founder Vitalik Buterin is calling for a mindset shift toward building layer-2 (L2) decentralized applications and solutions following the successful completion of the Dencun hard fork.

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Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation 🤔

The Federal Open Market Committee will keep rates steady in the 5.25% to 5.5% range for a fifth consecutive meeting next week, with policymakers reducing rates for the first time in June, economists say.

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China Is Pressing Women to Have More Babies 🧐

Fed up with government harassment and wary of the sacrifices of child-rearing, many young women are putting themselves ahead of what Beijing and their families want. Their refusal has set off a crisis for the Communist Party, which desperately needs more babies to rejuvenate China’s aging population.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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AI

  • OpenAI Inks Deals With European Publishers

  • Amazon will let sellers paste a link so AI can make a product page

  • Together AI valued at $1.25 bln in Salesforce-led funding round

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Tech

  • Stripe in ‘no rush’ to go public as cash flow turns positive

  • Reddit introduces a new ad format that looks similar to posts made by users

  • Spotify says its iPhone app updates in the EU are getting held up by Apple


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Business

  • Biden Jump-Starts Electric-Vehicle Push With Massive Lithium Loan
  • UK to ban foreign state ownership of British newspapers
  • United Boeing 777 is forced to land after hydraulic fluid leak during takeoff

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Crypto

  • Binance Web3 Wallet Integrates Solana as Network Activity Soars

  • Who is ‘Mr. 100’? Mysterious Bitcoin whale becomes 14th biggest BTC holder

  • El Salvador is moving $400 million worth of bitcoin around its crypto piggy bank

🚨 Notable Companies Secure Impressive Investments

  • Eclipse has raised $50M in a Series A funding round co-led by Placeholder and Hack VC

  • Bluwhale has raised $7M in a Seed funding round backed by Cardano and others

  • NFTfi has raised $6M in a Series A funding round led by Placeholder

  • Elixir has raised $8M in a Series B funding round co-led by Maelstrom and Mysten Labs

  • MetaCene has raised $10M in a Series A funding round

  • MetalCore has raised $5M in a funding round backed by Delphi Digital and others

  • OrangeDX has raised $1.5M in a funding round

🎙️Revolutionizing Blockchain: The Fantom Foundation Journey with CEO Michael Kong

Revolutionizing Blockchain: The Fantom Foundation Journey with CEO Michael Kong | Ep. #74

🤣 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]