Weekly Market Report. August 30, 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

Starlink Caught in Crosshairs of Elon Musk’s Battle With Brazil ??

Brazil is preventing Starlink, Elon Musk’s satellite-internet operation, from conducting financial transactions in the country, the business said Thursday in a post on X, further escalating an already fraught battle between Musk and Brazil’s highest court.

French president Macron says arrest of Telegram CEO was ‘in no way a political decision’ ??

French President Emmanuel Macron said Telegram CEO Pavel Durov's arrest was “in no way a political decision” and part of an ongoing judicial investigation.

PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana ??

The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain and DeFi reward programs reignited the token's growth.

?? Market Data

?? Important News This Week

AI

• ChatGPT’s weekly users have doubled in less than a year

• Gmail users on Android can now chat with Gemini about their emails

• Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others

Tech

• Gmail users on Android can now chat with Gemini about their emails
• Tencent , NetEase Rethink Japan Approach as Game Strategy Stalls
• X caught blocking links to NPR, claiming the news site may be ‘unsafe’

Business

• Zepto Hits $5 Billion Valuation in Latest Big India Commerce Bet
• Apple , Nvidia Are in Talks to Invest in OpenAI
• Dell attempts to sell cybersecurity firm SecureWorks again

Crypto

• Telegram CEO Pavel Durov charged and released, barred from leaving France
• South Korean tech giant Naver launches crypto wallet in partnership with Chiliz
• U.S. House Committee Plans for Heap of Crypto Hearings in September

?? Notable Companies Secure Impressive Investments

• Chainbound has raised $4.6M in a Seed funding round led by Cyber Fund
• Nectar AI has raised $3.9M in a Seed funding round co-led by Mechanism Capital and Karatage
• Microsoft-backed Space and Time has raised $20M in a Series A funding round
• Gameplay Galaxy has raised $11.17M in a Seed extension round co-led by Blockchain Capital and Merit Circle
• Solayer Labs has raised $12M in a Seed funding round co-led by Polychain Capital and Hack VC
• Streaming platform Myco has raised $10M in a Series A funding round
• Lemniscap has raised $70M for a new fund anchored by Accolade Partners
• ParaFi Capital has raised $120M to buy stakes in other crypto funds

?? 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: Ckogan.com .

If you have any questions, please contact me directly in my email.?

Sincerely,

Constantin Kogan

[email protected]