Weekly Market Report. October 11, 2024

October 11, 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

Epic wants Fortnite, Minecraft, Roblox to become interoperable metaverse ??

Epic Games CEO Tim Sweeney recently described a long-term plan for Unreal Games and Fortnite that could finally create the kind of game-agnostic digital assets marketplace Web3 gamers have been dreaming of since the advent of the metaverse.

SEC commissioner confesses its crypto approach has fueled 'disaster for the whole industry' ??

As markets have embarked into the new frontier of cryptocurrency in recent years, the top federal agency that oversees financial services is admitting its crypto approach has been wrong.

Trump Widens Lead Over Harris In Betting Odds On Prediction Markets —Sets A New High On Crypto-Based Polymarket ??

Republican presidential candidate Donald Trump set an all-time high in presidential betting odds against Vice President Kamala Harris on Polymarket.

What happened: Punters on the so-called decentralized prediction market gave the former President more than a 55% chance of regaining power, up from 49% last week.

?? Market Data

?? Important News This Week

AI

• Aethir launches $100M fund to accelerate AI, gaming innovation
• OpenAI accuses Elon Musk of harassment in legal filing
• AI startups draw record $11.8B funding in Q3

Tech

• Tesla Launches Optimus Humanoid Robots at We, Robot' Events
• Meta Introduces AI-Driven Video Ad Creation Tool
• Nvidia 's AI Chips Facing Design Challenges, Vivo TWS 3e Set To Launch In India, More

Business

• Best ?Cryptocurrencies to Invest in Right Now October 9 – Monero, Flare, Arweave
• Gemini ?is exiting the Canadian market, plus more crypto news
• $10M in 72 Hours : BlockDAG in Talks with Top Exchanges; XRP ETF & TAO Prices Make News

Crypto

• Crypto market grew by 8% in September, returning more than some major assets
• Dogecoin Investors Allocating Bags Of $ To New Memecoin Cutoshi (CUTO) Inspired By Satoshi Nakamoto’s Teachings!
• Meme Coins ?Predicted To Outperform The Crypto Market in 2025

?? Notable Companies Secure Impressive Investments

• Moonray Studio has raised $4.75M in a funding round backed by Animoca Brands
• Bitlayer has raised $9M in a Series A extension round co-led by Polychain Capital and Franklin Templeton?
• APRO Oracle has raised $3M in Seed funding co-led by Polychain, Franklin Templeton and ABCDE
• Bitlayer has raised $9M in a Series A extension round co-led by Polychain Capital and Franklin Templeton
• Gate has announced a $10M investment in TON blockchain
• Kiva Ai has raised $7M in a Pre-Seed funding round led by CoinFund
• delta has closed its $11M Pre-seed funding round led by Figment Capital and Maven 11
• OpenGradient ?has raised $8.5M in a Seed funding round backed by a16z CSX
• Yala has raised $8M in a Seed funding round co-led by Polychain Capital and Ethereal Ventures

??? TDX Welcomes Anu Phanse from Coinbase Singapore

?? Navigating Tess Ventures, Web 3, AI: Tess Hau In-Depth Interview

?? Meme of the Week

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Sincerely,

Constantin Kogan

[email protected]