Weekly Market Report. April 19, 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

Meta Unveils Llama 3 ??

Meta's Llama 3 is the latest iteration in its series of large language models, boasting significant advancements in AI capabilities.

This Bitcoin Halving Is Different ??

The Bitcoin halving, expected to take place late Friday night or early Saturday (April 20), comes with heightened expectations. In each previous case so far, the halving preceded massive sector-wide rallies.?

Netflix ‘Juggernaut’ Faces High Bar After $112 Billion Rally ??

Netflix Inc. investors have big expectations for the streaming giant’s first-quarter results due Thursday, which bulls hope will support a rally back toward record levels for the stock.

?? Market Data

2024 Halving Date: April 19, 2024

?? Important News This Week

AI

• AI Computing Is on Pace to Consume More Energy Than India
• US Air Force Confirms it Held the First Successful AI Dogfight
• AI Detects Mysterious Detail Hidden in Famous Raphael Masterpiece

Tech

• Chinese Real Estate Start-Up Paved the Way to TikTok
• Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuation
• Meta gives the Quest 2 its second permanent price cut in four months

Business

• Apple deletes WhatsApp, Threads from China app store on orders from Beijing
• Oil prices get short-lived boost from attack on Iran
• Netflix cracked down on password sharing. The result? Millions of new subscribers

Crypto

• Bitcoin Whales Bought $1.2B BTC Amid the Price Dip
• Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction
• Michael Saylor unloaded 400,000 MicroStrategy shares in 2024

?? Notable Companies Secure Impressive Investments

• Gull Network has raised $1.6M in private funding co-led by OZARU Ventures and Morningstar Ventures
• Avalon has raised $10M in a funding round co-led by Bitkraft and Hashed
• Restaking protocol Puffer Finance has raised $18M in a Series A funding round co-led by Brevan Howard Digital and Electric Capital
• Centrifuge has raised $15M in a Series A funding round co-led by ParaFi Capital and Greenfield Capital?
• Aark Digital has raised $6M in a Seed funding round?
• Usual Labs has raised $7M in a strategic funding round co-led by IOSG and Kraken Ventures
• Blast-based DEX Thruster has raised $7.5M in a Seed funding round led by Pantera Capital

???? Paris Blockchain Week - an amazing experience meeting movers and shakers of the industry

?? Meme of the Week

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Sincerely,

Constantin Kogan

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