Apple Hit with €1.84 Billion Fine 😯 Anthropic Unveils Claude 3 🤖

Good morning. It's Tuesday, Mar 5, and we're covering, the latest MacBook Air laptops, Anthropic unveil Claude 3, Apple hit with a €1.84 billion fine, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.5 Trillion, a 5.0% change in the last 24 hours.

• The total crypto market volume over the last 24 hours is $183.21B, which makes a 66.49% increase.

• The total volume in DeFi is currently $11.7B, 6.38% of the total crypto market 24-hour volume.

• The volume of all stable coins is now $162.62B, which is 88.76% of the total crypto market 24-hour volume.

• Bitcoin’s dominance is currently 52.82%, a decrease of 0.45% over the day.

Crypto Funds Experience Record $30 Billion Trading Volume, Led by Bitcoin Dominance

• Last week, global digital-asset investment products achieved an unprecedented trading volume of $30 billion, marking a significant milestone in the cryptocurrency market, according to CoinShares.(Read Deeper)

BUSINESS & FINANCE

Mews, The Hotel SaaS Startup, Books $110M At A $1.2B valuation

• Mews, a hotel SaaS startup, has secured $110 million in funding at a valuation of $1.2 billion, indicating strong investor confidence in its business model and growth prospects. The funding round, led by Kinnevik, the revival of the tourism industry post-COVID-19, and the increasing importance of technological innovation in hospitality.

• Why it Matters: As global travel rebounds, startups like Mews play a crucial role in providing essential tools and solutions to support the hospitality sector's resurgence. (Read Deeper)

Apple Unveils Next-Generation MacBook Air Laptops Featuring M3 Chip

• Tech giant Apple has announced the release of its latest MacBook Air laptops equipped with the latest M3 chip. The newly introduced MacBook Air models come in both 13-inch and 15-inch variants, offering consumers a versatile range of options to cater to their diverse needs and preferences.

• Takeaway: The inclusion of the latest M3 chip represents a significant technological advancement, offering users improved performance and efficiency compared to previous models.(Read Deeper)

Transcorp Power Lists on NGX with N1.8 Trillion Market Cap

• Tony Elumelu, the Chairman of Transcorp, made the announcement at the stock market in Lagos state on Monday. He revealed that Transcorp Power listed with a market capitalization of N1.8 trillion but closed trading at N1.98 trillion.

• Why it matters: By listing on the NGX, TPP gains access to a broader pool of capital, allowing it to finance its growth initiatives, invest in renewable energy projects, and expand its operations. This access to capital is essential for executing strategic objectives and driving long-term sustainability. (Read Deeper)

TECHNOLOGY & SCIENCE

Apple Hit with €1.84 Billion Fine by EU Over Antitrust Violations

• The European Union has fined tech giant Apple a staggering €1.84 billion (equivalent to just under $2 billion) for violating antitrust rules within the market for music streaming services on its iOS platform.
  

• Why it matters: The EU's enforcement action demonstrates its commitment to enforcing antitrust rules and protecting competition in digital markets. (Read Deeper)

Anthropic Unveils Claude 3: Its Most Advanced Chatbot Yet

• Anthropic, the AI startup backed by tech giants Google, Salesforce, and Amazon, has launched its latest innovation: the Claude 3 model family, comprising Opus, Sonnet, and Haiku, each offering unparalleled intelligence, speed, and cost-effectiveness.

• Why it matters: With the emergence of Claude 3 as a formidable competitor to existing AI models like ChatGPT, the competitive landscape in the AI industry is evolving. This competition fosters innovation and drives companies to continually improve their offerings to stay ahead in the market. (Read Deeper)

ENTERTAINMENT & SPORT

Beloved Eagles Center Jason Kelce Announces Retirement After 13 Seasons

• Philadelphia Eagles center Jason Kelce announced his retirement from the National Football League (NFL) on Monday, marking the end of a remarkable 13-year career. Kelce, who spent his entire NFL journey with the Eagles, leaves behind a legacy as one of the premier players in his position and a cherished figure among the team's fanbase.

• What he is saying: He reflects on the motivation he gained from proving doubters wrong, a sentiment instilled by his mother. Kelce highlights his statistical achievements, including a Super Bowl victory, Pro Bowl selections, and franchise records for consecutive starts and games played.(Read Deeper)

AROUND DE WORLD & POLITICS

Sexual Violence Likely Occurred During Hamas Attack on Israel Says UN Team

• A recent report by a team of United Nations experts has shed light on the grim reality of sexual violence during the Oct. 7 attack on Israel by Hamas militants. Led by U.N. special envoy for sexual violence in conflict Pramila Patten, the investigation revealed "reasonable grounds to believe" that instances of sexual violence, including rape and gang rape, took place at various locations during the attack.

• Takeaway: The findings highlight the urgent need for accountability, justice for the victims, and measures to prevent similar acts of sexual violence in conflict zones in the future. (Read Deeper)

Former Trump CFO Allen Weisselberg Pleads Guilty to Perjury in Civil Fraud Trial

• The legal proceedings surrounding the Trump Organization, Allen Weisselberg, the former chief financial officer, has pleaded guilty to two counts of perjury on Monday. This plea is related to testimony he provided during former President Donald Trump's civil fraud trial.

• Takeaway: The guilty plea adds to the mounting legal troubles faced by Trump and his associates, as they navigate various legal battles and investigations. (Read Deeper)

Fox, Disney, Warner Bros Discovery Sports Venture Foresees 5 Million Subscribers in Five Years

• Sports streaming market, a consortium comprising Walt Disney, Warner Bros Discovery, and Fox Corp has unveiled ambitious projections for its upcoming sports-centric service. According to Fox CEO Lachlan Murdoch, the venture anticipates attracting 5 million subscribers within its initial five years of operation.

Why it matters: With traditional cable subscriptions on the decline, media conglomerates are increasingly pivoting towards streaming services to capture consumer attention.

PODCAST(WHAT WE ARE LISTENING TO)

• Knowledge is power - Invest Like The Best. (Listen)

EXTRA BREVITI

• Over $115 billion of ether is now staked on the Beacon Chain.( Read )
  

• Google co-founder Sergey Brin says in a rare public appearance that the company ‘definitely messed up’ the Gemini image launch. ( Read )
  

• China vows to 'transform' economy, sets ambitious growth target. ( Read )