Weekly Market Report. November 1, 2024

November 1, 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

Why is Bitcoin price down today? 😲

Bitcoin’s price fell today as the market’s attention turned to the drop in Donald Trump’s winning odds in the upcoming United States presidential elections.

NYSE seeks to list Grayscale crypto index ETF 🤔

NYSE Arca, a securities exchange, asked United States regulators for permission to list a Grayscale exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, according to an Oct. 29 filing.

Big Tech Sees AI Bets Starting to Pay Off 🧐

Microsoft, Google and Amazon all reported strong quarterly growth in cloud revenue but warned of increased capital spending.

📈 Market Data

🚨 Important News This Week

AI

OpenAI Adds Search Engine to ChatGPT, Challenging Google
Why Joseph Gordon-Levitt Is Worried About AI
Apple’s AI Success Hinges on the iPhone

Tech

Elon Musk Wants to Operate Thousands of Cellular Starlink Satellites
Proton Promises Secure Streaming With VPN App for Apple TV, Apple Vision Pro
AI Now Writes Over 25% of Code at Google

Business

Apple Sales Hit Quarterly Record as iPhone Business Rebound
Elon Musk’s xAI in Talks to Raise Funding Valuing It at $40 Billion
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

Crypto

Radiant Capital $58M hack an expensive ‘lesson’ for DeFi
Spacecoin XYZ unveils plans for first blockchain network in outer space
VanEck invests in Web3 gaming startup Gunzilla

🚨 Notable Companies Secure Impressive Investments

bitSmiley [SMILE] has raised $10M in Round 2 funding
Gelato [GEL] has raised $11M in a Series A+ funding round led by Hack VC
PumpBTC has raised $10M in a Seed funding round co-led by SevenX Ventures and Mirana Ventures
Nillion [NIL] has raised $25M in a funding round led by Hack VC
Sapien has raised $10.5M in a Seed funding round led by Variant
OKX Ventures launched $10M Telegram Growth Hub in partnership with TOP and Folius Ventures
Termina has raised $4M in a Seed funding round led by Lemniscap
Alliance Games has raised $5M in a Series A round co-led by Animoca Brands and Asymm Ventures
Glow has raised $30M in a funding round co-led by Framework Ventures and USV
Spire Labs has raised $7M in a Seed funding round co-led by Maven 11 Capital and Anagram
Citrea has raised $14M in a Series A funding round led by Founders Fund
Ellipsis Labs has raised $21M from Haun Ventures to launch its Layer 2 blockchain

🇦🇪 Binance Blockchain Week 2024!

🤣 Meme of the Week

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