Weekly Market Report. March 8, 2024

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March 8, 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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Breaking: Bitcoin (BTC) Price Breaches $70,000 ATH 😲

According to data from CoinMarketCap, Bitcoin (BTC) price is now changing hands for $70,083.05, up by 2.62% in the past 24 hours. The growth of the digital currency has been on a consistent parabolic surge since the start of the year.

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House committee unanimously supports forcing TikTok divestiture 🤔

A bipartisan panel of lawmakers unanimously approved a controversial bill on Thursday that could lead to TikTok being blocked in the U.S. if it doesn’t break with Chinese parent ByteDance.

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Rivian surprise announces the R3 hatchback 🧐

Rivian just surprise-announced an all-electric hatchback called the R3 — giving the company a big Apple-esque “one more thing” announcement at the event that was ostensibly supposed to be all about its new R2 SUV.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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  • OpenAI execs flagged concerns about Sam Altman before his ouster

  • Google Pixel 8 users will miss out on this advanced AI feature

  • Microsoft confirms Surface and Windows event for this month

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  • Reddit eyes late March debut on NYSE

  • Amazon will no longer underwrite loans for sellers in its $140 billion Marketplace business

  • LinkedIn says premium subscriptions bring in $1.7 billion

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  • Chinese ‘spy cranes’ in US shipping ports ARE equipped with secret modems that could be used for espionage
  • Apple is about to make it much easier to switch to Android
  • Fed’s Powell: “Not far” from confidence needed to cut rates

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  • Polygon Active Addresses Surge 60% in 30 Days

  • Ethena becomes highest earning DApp in crypto

  • Dogwifhat trader turns $1.8k into $11 million in 3 months

🚨 Notable Companies Secure Impressive Investments

  • Privasea has raised $5M in a Seed funding round backed by Binance Labs and others

  • Stack has raised $3M in a Seed funding round led by Archetype

  • Baanx [BXX] has raised $20M in a Series A funding round backed by Ledger and Tezos

  • Firewall has raised $3.7M in a Pre-Seed funding round co-led by Breyer Capital, North Island and Hack VC

  • Cosmology has raised $5M in a Seed funding round co-led by Lemniscap and Galileo

  • Blackwing has raised $4.5M in a strategic funding round co-led by Hashed and Gumi Cryptos

🎙️What are the differences between Layer 1 and Layer 2 blockchains?

Go check the latest interview with Zenobia Godschalk!

🤣 Meme of the Week

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🫰Love What You Read?


If you have any questions, please contact me directly in my email.


Constantin Kogan

[email protected]