Weekly Market Report. November 15, 2024

November 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

Crypto firms push for SEC changes, crypto out of courts 😲

With Donald Trump’s reelection and a Republican majority in the Senate, crypto firms are ready to advocate for a “fresh perspective” on federal agencies.

President-elect Trump nominates bitcoin-friendly RFK Jr. for US Secretary of Health 🤔

Crypto-friendly ex-Democrat Robert F. Kennedy Jr. has been nominated for U.S. Secretary of Health and Human Services by President-elect Donald Trump.

Is Trump Really So Great for Bitcoin? 🧐

Bitcoin is now worth more than any U.S.-listed company other than the six biggest. Dogecoin, created as a joke and the first cryptocurrency to have a government department named after it, would make it to the top 200 stocks by value, larger than Johnson Controls International.

📈 Market Data

🚨 Important News This Week

AI

Lenovo Builds on AI Momentum With Earnings Beat
So Human It’s Scary: My Day Alone Talking to Bots That Sound Like Us
Near’s crosschain AI Assistant will soon book flights and order takeout for you

Tech

From AI to Hardware Costs: Enterprise Tech Leaders Prepare for Trump 2.0
Nvidia Readies Jetson Thor Computers for Humanoid Robots in 2025
Sonos Begins a Very Long Road Back

Business

Goldman Sachs holds $710M in Bitcoin ETFs — SEC filing
Coinbase acquires on-chain payments platform Utopia
Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes

Crypto

Trump trade over? Bitcoin, Ethereum ETFs see first outflow since election
Tap-to-pay crypto coming to Coinbase Wallet, L2 interoperability in months
PEPE rallies 78% to new all-time highs as memecoin market cap tops $116B

🚨 Notable Companies Secure Impressive Investments

Pharos has raised $8M in a Seed funding round co-led by Lightspeed Faction and Hack VC
TAC has raised $6.5M in a Seed funding round co-led by Hack VC and Symbolic Capital
StakeStone has raised $22M in a funding round led by Polychain Capital
mbd has raised $3M in a Pre-Seed funding round backed by a16z crypto CSX
Conflux commits 500M CFX to support PayFi Web3 payments solution
Brevis has raised $7.5M in a Seed funding round co-led by Binance Labs and Polychain Capital
Animoca’s Mocaverse [MOCA] has raised $10M in a funding round
0G Labs raised $40M in a seed round and received $250M token purchase commitment
Notaben has raised $14.5M in a Series B funding round led by DRW Venture Capital
Wyden has raised $16.9M in a Series B funding round led by Truffle Capital
Portal Ventures has raised $75M fund to invest in pre-seed crypto startups

🇹🇭 DevCon SEA

🤣 Meme of the Week

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