Weekly Market Report. September 6, 2024

September 6, 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

Trump family’s DeFi project wants to ensure US dollar dominance 😲

While not much is known about the Trump family’s crypto project, the latest statement from World Liberty Financial suggests it wants to spread the use of United States dollar-pegged stablecoins in decentralized finance.

“Bitfarms Needs to Halt its Defensive Tactics.” Says Riot Platform in Open Letter 🤔

Riot expressed significant concerns over Bitfarms’ decision to acquire Stronghold Digital Mining for $175 million, including $50 million in assumed debt.

Weekly Market Report. September 6, 2024 4

Blockstream launches third series of security token providing bitcoin mining exposure 🧐

On Thursday, Bitcoin infrastructure developer Blockstream launched series 3 of its security token, the Blockstream Mining Note 2 (BM N2).

📈 Market Data

🚨 Important News This Week

AI

Tencent unveils new AI innovations and global solutions
The World’s Center Capital is Gripped by AI Fever – and Fear
GPs using AI to apologise to patients, investigation finds

Tech

Japan’s Second City Can Finally Make Tokyo Jealous
Brazil Blocking Musk’s X Costs Millions of Users, Little in Sales
Air Taxi Startup Vertical Hunts for More Cash as Founder Withholds Some Funding

Business

Brazil Decides to Cancel the Elon Show
Worldcoin Aims for Global Scale, Seeking Facebook-Like Impact with New Tech
“They Have Stolen Our Business” When You Leave Russia, Putin Sets the Terms

Crypto

Trump-backed crypto project World Liberty Financial touts security partners, expresses interest in stablecoins
Analysts Caution 20% Bitcoin Decline as US Rate Cut Fuels Recession Fears
Exchange Chief: Japan’s Global Crypto Market Share Is Dwindling

🚨 Notable Companies Secure Impressive Investments

Robot Ventures has raised $75M for early-stage crypto capital fund
Hypernative has raised $16M in a Series A funding round led by Quantstamp
Legend of Arcadia has raised $4M in a Seed funding round
IDA has raised $6M in a Seed funding round co-led by Hashed Fund and CMCC Global

🤣 Meme of the Week

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