Weekly Market Report. March 8, 2024

unnamed 4

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

timthumb 1

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.

screenshot 20240308 at 101123pm

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.

screenshot 20240308 at 101323pm

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

screenshot 20240308 at 102126pm
screenshot 20240308 at 102103pm

2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

icon ai

AI

  • 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

icon tech

Tech

  • 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


icon business

Business

  • 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

icon crypto

Crypto

  • 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

screenshot 20240308 at 113857pm

🫰Love What You Read?

5d5cda9285554333a2e9994e798ee92e

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

Sincerely,

Constantin Kogan

[email protected]