Weekly Market Report. June 21, 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

Konami partners with Avalanche for Resella NFT platform launch??

Japanese game developer and publisher Konami Digital Entertainment has announced its collaboration with the Avalanche blockchain to launch its new non-fungible token (NFT) solution, “Resella.”

Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment ??

Bitcoin's (BTC) slow bleed lower over the past weeks has sped up Friday, the price dipping more than 3% in the past 24 hours to slide to about a five-week low of $63,700, now lower by 9% over the past month.

Apple Says Regulatory Concerns Might Prevent Rollout of AI Features in Europe??

Apple said it likely won’t roll out AI features to millions of customers in Europe this year because of concerns over the EU’s technology industry regulations.

?? Market Data

?? Important News This Week

AI

• HeyGen Valued at $500 Million in Funding Round
• Broadcom’s AI surge challenges Nvidia’s dominance
• Poolside is raising $400M+ at a $2B valuation to build a supercharged coding co-pilot

Tech

• Nvidia Sheds $200 Billion in Value After Short Run as Top Stock
• OpenAI Buys Enterprise Startup to Help Customers Sift Through Data
• Bugatti’s new car is a $4 million, 1,800 horsepower hybrid

Business

• Amazon will stop using those little plastic pillows in its packaging
• Elon Musk's $56 billion pay: Tesla, critics clash over how to resolve legal dispute
• TikTok ramps up attacks on Biden administration in challenging prospective ban

Crypto

• MicroStrategy Acquires 11.9K More Bitcoin for $786M
• CFTC is probing Jump Crypto, previously one of the sector’s biggest players
• Solana ETF Proposal Aims to Be First in North America

?? Notable Companies Secure Impressive Investments

• Memecoin leverage trading protocol Wasabi has raised $3M in a Seed funding round?
• Renzo [REZ] has raised $17M in two funding rounds
• Sonic has raised $12M in a Series A funding round led by Bitkraft Ventures
• Particle Network [PARTI] has raised $15M in a Series A funding round
• Gudchain has raised $5M in a funding round led by Mechanism Capital
• Fantom Foundation has allocated up to 200M FTM to Sonic Labs Innovator Fund
• Mystiko Network [XZK] has launched a $5M Ecosystem Grants program

?? Meme of the Week

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Constantin Kogan

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