Weekly Market Report. September 27, 2024

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September 27, 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

openaibizz

OpenAI to Become For-Profit Company 😲

OpenAI is planning to convert from a nonprofit organization to a for-profit company at the same time it is undergoing major personnel shifts including the abrupt resignation Wednesday of its chief technology officer, Mira Murati.

13k to 2m DWS

Crypto investor turns $1,300 into $3.4M in 15 days 🤔

A cryptocurrency investor achieved a remarkable 2,554-fold return on a well-timed $1,300 investment in the hippo-themed Moo Deng (MOODENG) token.

bitcoinfuture

Biggest fears about Bitcoin’s future: Industry weighs in 🧐

Bitcoin  has achieved significant success since its inception, but some within the community remain concerned about its future.

📈 Market Data

md

🚨 Important News This Week

icon ai

AI

  • Google releases production-ready Gemini 1.5 for developers
  • Advanced AI system is already ‘self-aware’ — ASI Alliance founder
  • Achieving mass adoption in Web3 with personalized user experiences: X Spaces recap with Bluwhale
icon tech

Tech

  • Zuckerberg shows off new ‘Orion’ smart glasses at Meta Connect

  • AirPods 4 With Noise Cancellation: Your New Best Buds
  • FTC cracks down on ‘deceptive’ AI projects, including an AI lawyer

icon business

Business

  • The Celebrities Lending Their Voices to Meta’s New AI
  • How a Surfer Who Never Finished College Became a Biotech Billionaire
  • Business Tech Leaders Question Downstream Impact of California AI Bill
icon crypto

Crypto

  • Dogecoin Rips Bitcoin And Ethereum Surge Amid Strong ETF Inflows And Supportive Economic Data: King Crypto’s ‘New Uptrend’ Anticipated After Close Above $65K
  • Bitcoin’s climb to $70k could trigger $1.6 billion in short liquidations
  • New Ethereum Addresses have dropped by 43% in the last 3 months

🚨 Notable Companies Secure Impressive Investments

  • Celestia Foundation has raised $100M in a funding round led by Bain Capital Crypto
  • Smolbound has raised $6M in a Seed funding round led by Bitkraft Ventures
  • Daylight has raised $6M in a Seed funding round co-led by USV and 1kx

  • Meridian has raised $4M in a Seed funding round co-led by ParaFi Capital and Borderless Capital

  • Initia has raised $14M in a Series A funding round led by Theory Ventures

  • AminoChain has raised $5M in a sedd funding round led by a16z Crypto

  • Guggenheim has issued $20M of tokenized commercial paper on Ethereum blockchain

  • Mawari Network has raised $10.8M in a Strategic round co-led by Anfield Ltd, Borderless Capital and 1kx

  • Infinex has raised $65.29M via Patron NFTs sale backed by Wintermute

🔮 Singapore Token 2049

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🤣 Meme of the Week

🫰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]