Bitcoin's march to $100,000 brings crypto closer to mainstream

Author

Noel Moldvai
November 21, 2024

TL;DR

  • Bitcoin's march to $100,000 brings crypto closer to mainstream

  • Elon Musk’s xAI raises $5 billion and doubles valuation

  • Oura valued at $5B following deal with medical device firm Dexcom

  • The Exploration Company raises $160M as it looks to compete with SpaceX

Bitcoin's march to $100,000 brings crypto closer to mainstream

Bitcoin surged past $98,000, fueled by optimism over President-elect Trump’s pro-crypto stance and approval of U.S.-listed bitcoin ETFs. The rally signifies mainstream acceptance of the cryptocurrency, with $4 billion flowing into ETFs post-election. Critics highlight energy concerns, regulatory uncertainty, and crime risks despite the bullish outlook.

Elon Musk’s xAI raises $5 billion and doubles valuation

Elon Musk’s xAI raised $5 billion, doubling its valuation to $50 billion. The funds will enhance AI model training with 100,000 additional Nvidia chips. Generative AI spending surged sixfold in 2024, signaling its integration into business strategies as a critical priority..

Oura valued at $5B following deal with medical device firm Dexcom

Oura secured a $75 million investment from Dexcom, raising its valuation to over $5 billion. The partnership aims to integrate Oura's smart rings with Dexcom’s glucose monitoring technology, enhancing users' health insights. App integration launches in 2025, marking a step toward comprehensive biometric tracking.

The Exploration Company raises $160M as it looks to compete with SpaceX

The Exploration Company raised $160 million in Series B funding to develop its Nyx space capsule, a reusable spacecraft aiming to rival SpaceX's Dragon. With $230 million in total funding, TEC targets human and cargo space transport, reflecting growing investments in the space industry.

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Until next week.

Cheerio,
-Noel

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