Weekly Market Report. September 15, 2023

WEEKLY MARKET REPORT

Market Trends

Industry Insights

Top Reads

Circle integrates Web3 platform into Singapore ‘Super App’ Grab 💰

In a significant move towards realizing the potential of digital asset innovation, Circle is set to pilot Web3 customer experiences in Singapore through a strategic partnership with Grab, Southeast Asia’s super app for transport, deliveries, payments, and more.

Deutsche Bank partners with Taurus to offer digital asset custody and tokenization services 🏦

Banking giant Deutsche Bank has entered into a global partnership agreement with the Swiss-based crypto infrastructure firm Taurus SA to provide digital asset custody and tokenization services to its clients.

Franklin Templeton files for spot Bitcoin ETF 🤵‍♂️

Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission on Sept. 12 to launch a spot Bitcoin exchange-traded fund (ETF).

Market Data

Headlines

Microsoft publishes AI article with offensive language about deceased NBA player.
Anthropic and BCG partner to provide enterprise AI solutions.
Databricks secures $500M funding, raises valuation to $43B.

Tech

Unity closes offices due to death threat
Amazon enhances visual and AR search, challenging Google.
Adobe provides cautious sales outlook despite AI optimism.
WhatsApp denies reports of exploring ads.
X introduces account verification via government ID.
Microsoft’s Nadella and Oracle’s Ellison discuss Cloud and AI future.

Business

Disney to lower Disney+ subscriber target.
ECB raises record rates, hints at possible peak.
Nexstar holds initial talks with Disney about buying ABC.
United Auto Workers Strike at Detroit’s Big Three.

Crypto

Google to allow NFT game ads, metaverse ‘hot’ in Asia.
MetaMask expands compatibility beyond Ethereum with Snaps.
Deutsche Bank partners with Taurus for crypto services.
Axie Infinity‘s AXS price surges as unique wallets rise.
Vitalik Buterin‘s worries about Hong Kong’s crypto stance.

Upcoming Events (ET)

Monday, Sept. 18
10:00 am – US Home Builder Confidence Index

Tuesday, Sept. 19
5:00 am – Euro Area Core Inflation Rate
8:30 am – US Building Permits

Wednesday, Sept. 20
2:00 am – UK Core Inflation Rate
2:00 pm – US Fed Interest-Rate Decision
2:30 pm – US Fed Chair Powell Press Conference

Thursday, Sept. 21
7:00 am – UK BoE Interest Rate Decision
8:30 am – US Initial Jobless Claim
10:00 am – US Existing Home Sales
11:00 pm – Japan BoJ Interest Rate Decision

Friday, Sept. 22
8:30 am – US S&P Flash Services PMI
8:30 am – US S&P Flash Manufacturing PMI

Crypto Insights Unveiled – Is Crypto Correlated to Anything?

Meme of the Week

Love What You Read?

• 👍 Follow me on Facebook, Twitter, Instagram , YouTube , and LinkedIn.
• 🎧 Subscribe to my Apple Podcasts , Spotify , Radio Public , Google Podcasts , and Castbox .
• 👀 Watch my talk shows with top industry experts, investors, and other remarkable personalities: GamesHub , BullCaster , and Ckogan.com.

Upcoming Events (ET)

Crypto Insights Unveiled – Is Crypto Correlated to Anything?

Subscribe for my newsletter