Weekly Market Report. December 22, 2023

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

Apple Stops Online Sales of Watches??

The newest Apple Watch models were no longer available for purchase from the company’s website as of about 3 p.m. Thursday in New York. The company previously said it would end sales at its about 270 physical retail stores in the US on Dec. 24

Stripe Swings to a Profit as Business Rebounds ??

Payments giant Stripe, a bellwether of the startup world,kept a lid on spending for engineers and salespeople this year after business slowed in 2022. Now it’s reaping the benefits: as revenue growth has re-accelerated, it’s making money again.

Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear ??

Tencent Holdings Ltd. led an $80 billion selloff in some of China’s biggest online names, after the surprise imposition of new gaming curbs revived fears Beijing may again be targeting the country’s giant internet sector.

?? Market Data

2024 Halving Date ETA: April 12, 2024

?? Important News This Week

AI

• Fujitsu speeds aircon deal, sees AI helping ￥700 billion sales
• Large AI training data set removed after study finds child abuse material
• UK top court rejects patents for two inventions birthed by AI

Tech

• Tesla Acquires Land for Shanghai Megapack Battery Factory
• Blue Origin, looking to buy rocket firm United Launch Alliance

Business

• Nike sinks 12% after it slashes sales outlook
• IRS Offers Deal to Employers Who Regret Claiming Pandemic Tax Credit
• White House Says $14.1 Billion U.S. Steel Sale Deserves Serious Scrutiny

Crypto

• Coinbase secures crypto license in France
• Solana Nears $100 as Meme Coin Frenzy Continues to Drive Rally
• Stablecoin Issuer Circle Conditionally Registered for Digital Asset Services in France

?? Meme of the Week

?? Notable Companies Secure Impressive Investments

• Tap Protocol has raised $4.2M in a funding round backed by Animoca Brands and others
• Metis [METIS] has introduced its $120M Ecosystem Development Fund
• Wynd Network has raised $3.5M in a Seed funding round
• Formless has raised $2.2M in a Pre-Seed funding round backed by a16z CSS
• Web3mine has raised $6M in a Seed funding round led by 1kx?

?? Mobile Security, Sim Swap, Data Privacy

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Sincerely,

Constantin Kogan

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