Disruptiv Newsletter: Reddit 🤖 Nvidia 📱Saudi Arabia 💰 and more

Welcome to the Disruptiv newsletter! You're about to get this week's top tech and innovation insight that we saw this week. Enjoy! [disruptivflow-header] Hello FlowBankers Welcome to the Disruptiv newsletter! A weekly aggregate of relevant tech-focused quick takes. Saturday 27th January, 2024 [Start trading](113/cXx8Z04/VWlL3Q5r5DBdW6gwC1t5P4m7wVpK0y35b_L4zN3hBC622-ZVTW6N1vHY6lZ3mqN9by6Kx1mqJ2VQvwj58CzFT7W6W9Bsq4bR9fXW71yQ7w251F4RW474x035L5L-yW1S0qGS8NdTssW6lWH5P6Z4qcmW7t-5ff1VWC3BW3wVp635c-FHPW8BnHt23gv8qZW8CXw9k1Pm9JtW1N5JsX6JKKZJW2-vZ9R5wkFNLN4JmpFs_m4-wW6wZFlB6fnLVGW7jKwTj4X3cX8W51VCD54m66D-W5x4JBr6BvZzNW4Fyxy091wlTtW69yrbw7SdmlVV1SGYn8RgK1DF7vmV8V5BG1f6B_8Nl04) FlowBank tech articles 📚 Bitcoin and Ether's Rally: A Closer Look at the Recent Market Surge [Bitcoin_Ethereum photo](113/cXx8Z04/VWlL3Q5r5DBdW6gwC1t5P4m7wVpK0y35b_L4zN3hBC5s2-ZVTW5BW0B06lZ3l1W8-VXZd96BLQFW5zrgYZ9lv1ncW6nbRsk6-w0j8N8bchklRzKnlW2Hbfzl3w8WBTW6ll59F3_dzS1W58CqTC2xTvmCW7znQxC289zPVN65SGjsrwygNV6kn7V6ngg9yW41Hrnt5sfPhRVKNy_62frHlPW47GS1v7lw6J6W5lmX271LPN0WW44ymXx6V85CNVJL5Mt4jLTT6N1jSVYM35cW0N6qZjc943PGLdqJcr204) In early March 2024, the cryptocurrency market witnessed an extraordinary surge, with Bitcoin and Ether leading the rally. The financial world watched in awe as Bitcoin shattered previous records by soaring above $72,000, while Ether marked a significant milestone, achieving a new high for 2024 at $4,065. This surge reflects a confluence of favorable market dynamics, technological advancements, and evolving regulatory landscapes. [Read me](113/cXx8Z04/VWlL3Q5r5DBdW6gwC1t5P4m7wVpK0y35b_L4zN3hBC5s2-ZVTW5BW0B06lZ3p3W6vry1y8vxCfnW5FNgCS35TCJQW7xZBfz6mwZh1W54TYy61ZtRd6VXs_kZ1RgQ3mW4LXYMJ1cpvV2W5SpHn18hvv-qW8BGG876_XvNFN5lVq9pj7phNN20t15LB4bq4VzCb445s0pyrW8282532x3qXXW7dtqsS1mX39KW1WTgx55fnVF0W8C6wJz3BLrvTW5sZ-Vr72FNHvW8Kbrxl48cXt8Vq-GTM8tYKbqf4hkjYR04) Big Technology 🍎 - Reddit saw its shares soar by 48% during its NYSE debut with the ticker "RDDT" after setting its IPO price at $34 per share, raising $750 million in total, of which $519 million went to the company. Despite the tech IPO market's recent challenges, Reddit's successful launch demonstrates investor confidence in its growth prospects, underscored by strategies like data licensing for revenue enhancement. - Johnson & Johnson's MedTech unit and Nvidia are joining forces to develop AI applications for surgery, aiming to improve pre- to post-operative processes. This partnership focuses on utilizing AI for surgical video analysis and documentation automation, marking a significant push towards integrating AI into healthcare to enhance surgical precision and efficiency. - Saudi Arabia's Public Investment Fund (PIF) is in talks with venture capital firm Andreessen Horowitz to create a $40 billion AI-focused investment fund. This move aligns with Saudi Arabia's Vision 2030 goal of diversifying its economy beyond oil. Collaborating with Andreessen Horowitz, which has a strong tech and AI investment portfolio, signals Saudi Arabia's ambition to become a leading player in the global AI sector. VC + Startups 🎯 - Nukoko, the world’s first ‘bean-to-bar’ cocoa-free chocolate maker, today announced that it has raised over €1.3 million in Seed funding, led by Oyster Bay Venture Capital with participation from SOSV and The Mills Fabrica and an Innovate UK grant to scale their ground-breaking technology. - - Cemvision, a Swedish company re-inventing cement, announced a €10 million seed round, led by Polar Structure and Backing Minds, and SF-based Zacua Ventures. The news comes soon after Cemvision announced its first official customer contract and is part of a plan to accelerate the company’s short-term momentum. - Frontline Ventures, a leading venture capital firm focusing on B2B software companies, announced it has raised €182 million across two funds: Frontline Growth and Frontline Seed. These new funds will propel the transatlantic expansion of B2B software companies, fostering innovation in both North America and Europe. Crypto 👾 - BlackRock has announced its first tokenized asset fund called 'BUIDL,' which will be built on the Ethereum network. The fund aims to provide investors with benefits such as on-chain offerings, transparent settlement, and transfers across platforms. Bank of New York Mellon will serve as the custodian of the fund's assets, while Securitize Markets will act as the transfer agent. - Bitcoin's price dropped by 4% in 24 hours, trading at $64,696 on the 19th of March 2024. This decline comes after reaching an all-time high of $73,737 just five days prior. While some attribute the drop to expectations of the Federal Reserve's meeting and potential interest rate cuts, other factors such as market instability on BitMEX and outflows from Grayscale's crypto fund also contribute to the decline. Law and regulation 🕵️ - Disgraced tech entrepreneur Do Kwon, founder of Terra, will be extradited to South Korea after a Montenegro court ruling. Do Kwon is facing charges of violating capital markets rules in both the US and South Korea. Terra, once a popular DeFi platform, collapsed in May 2022, causing significant losses for investors. - The U.S. Securities and Exchange Commission has filed charges against two investment advisors, Delphia and Global Predictions, for misleading statements about their use of artificial intelligence. The SEC accused Delphia of falsely claiming its technology used client data for smart investments, while Global Predictions made deceitful statements about being a regulated AI advisor. Both companies agreed to settle the charges and pay a total of $400,000 in civil penalties. Disruptiv Figure 📊 U.S. IPO Market Shows Signs of Revival After a notable slump, the U.S. IPO market is stirring back to life, marked by Reddit's successful IPO, which raised about $520 million, and Astera Labs' impressive 72% share price jump on its debut. With IPOs like Instacart, Klaviyo, and Birkenstock also entering the market in 2023, there's a budding optimism. Last year, the market saw $22.6 billion raised across 128 IPOs, signaling a rebound from 2022's low. This resurgence, amid cooling inflation and a bullish stock market, suggests brighter days ahead for public offerings, sparking renewed interest and optimism in the U.S. IPO landscape. Source: Statista [Screenshot 2024-03-22 072413] [INSTAGRAM](113/cXx8Z04/VWlL3Q5r5DBdW6gwC1t5P4m7wVpK0y35b_L4zN3hBC5s2-ZVTW5BW0B06lZ3lFW8FwJcW2dwldpW4lpqcc39GmRsVYCcwd79x1T_N2Wrvd_S95jcW2RQNYH7-_Z7ZW2s418v7mTg4sN4WH37p1MCZQW30Xr7c48WPVJW4btPS_4YjsctVTp3fM4d46zKW6W-kfP2RQYM5W4HkTS_8mPB02W4g0gvh4h-WL3W3bvhq72XFfHTW6yVsKK7vP4zMN5tTH4qyCSpsW232Rfr3HF4fGW3s1kM64PJ004f8LflFH04)Highlights Click [here](113/cXx8Z04/VWlL3Q5r5DBdW6gwC1t5P4m7wVpK0y35b_L4zN3hBC5s2-ZVTW5BW0B06lZ3nWW5XNTC644dP1qW1NWj1Y7kKFRHW8qDPv92M2qP6MwHzvjw71V7W5sf76j3dzL3wW4TLp2m4XTFFbW94dXd24J9jqWW66x44l25XGRcW67njXY6Yz6hTW7NqS0V3gQbwgN5RVflV4cf-mW7Nj1Hy3dySCxW8mCxCd2nFdw-W6PmSxP5bdvx-N1XyzdqZnlrSW6jlsFd9dwp32W14G9SW91TzcVW5PYmp-979Z73f1jPqs804)to see our page. [ambass] Don't forget to... 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