Weekly Market Report. June 28, 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

Bybit Is Now the World’s Second-Largest Crypto Exchange ??

Bybit surpassed Coinbase in March to become the world’s second-largest cryptocurrency exchange after Binance, according to a report from crypto research firm Kaiko.

Long Dormant Whale Sends $61M BTC to Coinbase, On-Chain Data Shows ??

Out of the blue, a whale wallet that had been inactive for six years sprung to life early Friday, moving bitcoin to Coinbase as the leading cryptocurrency faded the spike above $62,000.

Biden Crashes in First Clash With Trump—and Other Takeaways From the Debate ??

President Biden, battling a hoarse voice and sometimes stammering, delivered an unsteady performance Thursday evening in his first debate against former President Donald Trump.

?? Market Data

?? Important News This Week

AI

• Andrew Ng plans to raise $120M for next AI Fund
• Meta starts testing user-created AI chatbots on Instagram
• SoftBank Raises $1.86 Billion Overseas as It Boosts AI Bets

Tech

• Apple Vision Pro launches in first countries outside the US
• Snapchat is rolling out new safety tools aimed at protecting teens from sextortion
• Tesla Investors Brace for Big Share Price Moves as Major Catalysts Loom

Business

• Dealmakers optimistic on global M&A prospects despite sluggish growth
• Korean web comic giant set for $2.7bn market debut
• Hitachi Digital and Singtel collaborate to promote industrial AI solutions

Crypto

• Bitcoin-powered Core DAO debuts its own ETP on Sweden’s stock exchange
• Bitcoin Bill Introduced To Congress After Crypto Price Crash
• Coinbase Is Suing the SEC and FDIC

?? Notable Companies Secure Impressive Investments

• Colosseum has raised $60M for its first fund
• Covalent has raised $5M in a strategic funding round led by RockTree Capital
• Crossover Markets has raised $12M in a Series A funding round
• Ora has raised $20M in a Series A funding round backed by Polychain Capital
• AnchorZero has raised $8M in seed funding round led by Bain Capital Crypto and Spark Capital
• Vitalik Buterin took part in MegaETH’s $20M seed funding round led by Dragonfly

?? Meme of the Week

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Constantin Kogan

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