Weekly Market Report. November 17, 2023

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November 17, 2023

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

Citadel’s Ken Griffin Says Work-From-Home May Fuel Corporate Job Cuts 😲

Citadel founder Ken Griffin sees one side effect of years of working from home: companies may find it easier to fire people. “What worries me in a hybrid work environment or work-from-home environment, the cultural or social contract that holds people together in a company is unquestionably weaker,”

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Bitcoin Dips 5% to Under $36K as Crypto Rally Runs Into Wall 🤔

It was just 24 hours ago that bitcoin was surging and within a few dollars of crossing the $38,000 level for the first time in more than 18 months. As has been a familiar trend during the upswing over the past six weeks, a wave of sell orders was likely sitting close to a round number.

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Goldman CEO and predecessor Blankfein talk careers as analysts compete

Solomon interviewed former CEO Lloyd Blankfein, who handed over the reins in 2018, for an audience of junior employees and senior partners that drew laughter and smiles in the auditorium at its New York headquarters.

📈 Market Data

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2024 Halving Date ETA: April 12, 2024

🚨 Important News This Week

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AI

  • Menlo Ventures closes on $1.35B in new capital for AI startu

  • Microsoft is bringing its AI Copilot to Windows 10 soon

  • Airbnb acquires AI startup for just under $200 million

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Tech

  • ByteDance testing content paywall on TikTok’s sister app

  • Apple’s effort to replace Qualcomm chip

  • SpaceX aiming for Saturday for Starship’s second flight test

  • Amazon will allow auto dealers to sell cars on its site

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Business

  • Alibaba’s shares drop 10% after it shelves cloud spinoff

  • Buffett traded own account, there isn’t the slightest chance

  • U.S. business leaders meet with Chinese President Xi Jinping

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Crypto

  • Bitcoin options open interest reaches all-time high of $15 billion

  • Tether now wants to become a major Bitcoin miner

  • Coinbase boosts Commerce product with OCP

  • Proton Mail CEO calls new address verification feature

🤣 Meme of the Week

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💰 Notable Companies Secure Impressive Investments

  • Fnality has raised $95M in a funding round led by Goldman Sachs and BNP Paribas

  • Web3 K-pop startup Modhaus has raised $8M in a Series A funding round led by Sfermion

  • Blockchain.сom has raised $110M in a Series E funding round led by Kingsway Capital

  • EthXY has raised $1.6M in a Pre-Seed funding round backed by a16z CSS

  • Baton has raised $4.2M in a funding round led by Bitkraft Ventures

  • Beoble has raised $2M in a Pre-Seed funding round led by Digital Currency Group and Samsung Next

  • Kinto has raised $5M in a funding rounds led by Kyber Capital, Spartan Group and ParaFi

🫰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]