Weekly Market Report. November 23, 2024

November 22, 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

Savvy memecoin trader makes $988K in 3 hours despite rug pull 😲

A savvy trader made an over 2,100-fold return on investment in just three hours despite trading a scam token that turned out to be a rug pull — a scam where developers abandon a project and steal investor funds.

US spot bitcoin ETFs top $30 billion in cumulative inflows as BTC nears $100,000 🤔

U.S. spot bitcoin exchange-traded funds have reached over $30 billion in cumulative total net inflow for the first time since launching in January.

DOJ to push Google to sell Chrome, uncouple Android from Play Store 🧐

Alphabet Inc.’s Chrome browser could go for as much as $20 billion if a judge agrees to a Justice Department proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies.

📈 Market Data

🚨 Important News This Week

Nvidia sees bright future in agentic AI amid record Q3 revenue
US needs ‘Manhattan Project-like’ AI plan to vie with China, says govt commission
AI and big data tokens surge 131% amid Bitcoin rull run

Tech

Huawei’s Chip Advances Threaten Apple in China
It Isn’t Just Data Centers—AI’s Plumbing Needs an Upgrade
How AI Could Help Bring Down the Cost of College

Business

Most Venture Investors Want Their Startups to Go Public. Not This One.
Six Months, Thousands of GPTs and Some Big Unknowns: Inside OpenAI’s Deal With BBVA
Sam Altman’s Startup Appoints Former X Executive as Policy Chief

Crypto

XRP surges to hit 3-year high as Gensler announces SEC departure
Solana jumps 11% to reach all-time high amid market rally
Ethereum onchain volume hits $7.13 billion amid November’s market surge

🚨 Notable Companies Secure Impressive Investments

Alluvia l has raised $4.3M in a Strategic funding round led by Variant
a16z-backed Bitfinity Network has raised $12M in a funding round
Noble has raised $15M in a Series A funding round led by Paradigm
OpenLayer has raised $5M in a Seed funding round backed by a16z crypto CSX
Monkey Tilt has raised $30M in a Series A funding round led by Pantera Capital
Valantis Labs has raised $7.5M in Pre-Seed and Seed funding rounds

🤣 Meme of the Week

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