Weekly Market Report. March 29, 2024

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March 29, 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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Why BlackRock Could Bet On This RWA Token 😲

Just last week, BlackRock, the world’s largest asset manager, has positioned itself at the forefront of this movement with the launch of a $100 million tokenization fund, which has already attracted over $240 million in investment within its first week.

Bankman-Fried gets 25 years for fraud 🤔

A federal judge in New York on Thursday sentenced Sam Bankman-Fried to 25 years in prison for defrauding customers, money laundering and other crimes tied to the collapse of his cryptocurrency exchange FTX.

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Baltimore bridge collapse: Insurance loss could hit $3bn 🧐

The collapse of a bridge in the US city of Baltimore will result in the largest single marine insurance loss ever, a British insurance marketplace said. Six people were presumed dead after a ship crashed into the bridge, and divers have recovered two bodies.

📈 Market Data

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S&P500 Close, S&P Futures, and Gold values based on March 28, 2024.

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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AI

  • Elon Musk Makes Grok AI Available to All Paying X Subscribers

  • Adobe’s Firefly Services makes over 20 new generative and creative APIs available to developers

  • China turns to AI in propaganda mocking the ‘American Dream’

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Tech

  • BYD posts slowest quarterly profit growth in 2 years

  • Dell Laid Off 13,000 Workers Over the Past Year

  • Amazon launches same-day prescription delivery in New York and Los Angeles


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Business

  • Home insurance market is crumbling
  • US inflation ticked higher last month, reversing some recent progress
  • Kia recalls more than 400,000 Telluride SUVs that can move while in park

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Crypto

  • MicroStrategy: unjustified premium compared to Bitcoin

  • Dogecoin Explodes 50% as Bitcoin Bitcoin Bulls Return in Force

  • Bitcoin Miner’s shocking $800 offering sends stocks plummeting

🚨 Notable Companies Secure Impressive Investments

  • Gunzilla Games has raised $30M in a funding round co-led by CoinFund and Avalanche’s Blizzard Fund

  • 0G Labs has raised $35M in a Pre-Seed funding round backed by Animoca Brands and others

  • Reya Network has raised $10M in a funding round backed by Coinbase Ventures and Framework

  • ALEX has raised $10M in a Strategic funding round led by Spartan Capital

  • peaq has raised $15M in a pre-launch funding round led by Generative Ventures and Borderless Capital

  • Illuvium [ILV] has raised $12M in a Series A round and teased a token airdrop

  • AI platform MyShell has raised $11M in a Pre-Series A funding round led by Dragonfly

  • Hybrid L2 network BOB has raised $10M in a Seed funding round

  • Parallel has raised $35M in a funding round backed by Solana Ventures and others

😎  My Forbes Feature: The April 2024 Bitcoin Halving – To Invest Or Not To Invest?

🙋 Meet Me at the Paris Blockchain Week

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Join us for a one-of-a-kind event – TDeFi | Web3 Incubator & Consulting Startup House with Psalion on April 10th 2024. Set against the backdrop of the historic “Hotel de la Marine” blending Parisian elegance with crypto innovation.

This invitation-only gathering during the Paris Blockchain Week is dedicated to nurturing startups, guiding them on their journey to become leading enterprises through impactful collaboration and mentorship.

🔗 Register Here

Happy to meet amazing founders and our partners 🙌

🤣 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]