Jeff Bezos overtaking Elon Musk as the Richest Person😯 Nikki Haley Ends White House Bid🏘️

Good morning. It's Thursday, Mar. 7, and we're covering Jeff Bezos overtaking Elon Musk as the Richest Person on Earth, Apex Space Successfully Deploys First Satellite, Nikki Haley Ends the White House Bid, and much more. First time reading? Sign up to get this newsletter: Sign up here.  

We always Listen and respond to questions and feedback, email us at [email protected]

MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.49 Trillion, a 1.53% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $172.72B, which makes a 30.27% decrease.

• The total volume in Defi is currently $13.05B, 7.55% of the total crypto market 24-hours.

• The volume of all stablecoins is now $159.71B, which is 92.42% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 52.02%, a decrease of 0.55% over the day.

Crypto Prices Today March 7th: Bitcoin Nears $66K, Ethereum Closer To $3800 As SOL, XRP, PEPE Gain ( Read Deeper )

BUSINESS & FINANCE

Jeff Bezos Overtakes Elon Musk As The Richest Person on Earth

Jeff Bezos has once again ascended to the top of the wealth pyramid, surpassing Elon Musk to reclaim the title of the richest person on Earth. According to the Bloomberg Billionaires Index released on Monday, Bezos, the founder of Amazon, boasts a staggering net worth of $200 billion, edging past Musk's $198 billion valuation.
Takeaway: The constant jockeying for the top position highlights the inherent volatility of financial markets and the unpredictable nature of wealth accumulation. Both Bezos and Musk have seen substantial fluctuations in their net worth, driven by factors such as stock market movements, regulatory challenges, and business performance. ( Read Deeper )

Egypt floats Its Currency And Agrees With The IMF Loan Increase

The decision to float the Egyptian pound, coupled with a substantial increase in the main interest rate, addresses inflationary pressures and attracts foreign investment. These measures come in response to a series of economic setbacks, including government austerity measures, the impact of the COVID-19 pandemic, regional conflicts, and disruptions to shipping routes in the Red Sea.

Why it matters: These reforms are crucial for stabilizing Egypt's economy, which has been impacted by a range of factors including inflation, currency shortages, and external conflicts. ( Read Deeper )

TECHNOLOGY & SCIENCE

Apex Space Successfully Deploys First Satellite, Aries, into Orbit

Apex Space has achieved a great milestone with the successful deployment of its first satellite, named Aries, into orbit. Backed by prominent investors including a16z and Shield Capital, Apex Space aims to revolutionize satellite bus manufacturing and pave the way for advanced space exploration.

Market Disruption: With its productized satellite buses, Apex Space aims to disrupt the traditional satellite manufacturing market, offering reliable and scalable solutions for various space missions. ( Read Deeper )

Accenture's Acquisition of Udacity Signals Focus on AI Learning Platform

Accenture has announced its acquisition of the learning platform Udacity. The acquisition is part of Accenture's initiative to develop a technology learning platform dubbed LearnVantage, with a significant emphasis on AI training.

Why it matters: As AI continues to reshape the workforce, investing in AI education is crucial for developing a talent pipeline equipped to meet the demands of the digital economy. ( Read Deeper )

AROUND DE WORLD & POLITICS

Nikki Haley Ends White House Bid, Paving the Way for a Trump-Biden Rematch

Nikki Haley has officially withdrawn her bid for the White House, conceding the Republican presidential nomination to former President Donald Trump. With her departure, Trump is now assured of becoming the party's candidate.

Why it matters: Haley's withdrawal highlights the deep divisions within the Republican Party between those aligned with Trump's brand of politics and those seeking a more moderate, inclusive approach. ( Read Deeper)

Elon Musk Reportedly Met with Donald Trump in Florida

Elon Musk, the CEO of Tesla, reportedly met with former President Donald Trump on Sunday in Palm Beach, Florida, alongside wealthy Republican donors. As Trump seeks support for a potential 2024 campaign against President Joe Biden.

Takeaway: This meeting suggests potential political alignments and collaborations as Trump seeks support for a potential 2024 campaign against President Joe Biden. Musk's increasing involvement in the political space, coupled with his past disagreements with Trump and criticisms of the Biden administration. ( Read Deeper )

Millions of Sudanese Grapple with Hunger As War Disrupts Food Supply

As conflict continues to ravage Sudan, millions of its citizens face a dire humanitarian crisis marked by widespread hunger and malnutrition. From the capital Khartoum to the war-torn region of Darfur, families are struggling to secure basic sustenance amidst dwindling supplies and ongoing violence.

Impact on Communities: The food crisis extends beyond mere statistics, impacting real families and communities across Sudan. Mothers are forced to make agonizing choices about feeding their children, while elderly individuals struggle to survive on minimal sustenance. ( Read Deeper )

ENTERTAINMENT & SPORTS

Manchester City Secures Quarterfinal Spot in Champions League

Manchester City continued its dominant run in the UEFA Champions League, securing a spot in the quarterfinals after a commanding 3-1 victory over Copenhagen. The win at Etihad Stadium on Wednesday sealed a 6-2 aggregate triumph for the English side. ( Read Deeper )

Bob Marley: One Love' Offers Safe, Yet Uninspired Tribute

Bob Marley: One Love" presents a familiar tune in the realm of biopics, offering a sanitized glimpse into the life of the iconic reggae star. Despite Kingsley Ben-Adir's compelling portrayal of Marley, the film ultimately falls short of delivering the depth and authenticity expected from a biographical drama. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

• Elon Musk's OpenAI Lawsuit, EU's Big Tech Regulation, and Guest Tom Scocca ( Listen )

EXTRA BREVITI

• Politicians seek new alliances to lead Haiti as gangs take over and the premier tries to return home ( Read More )

• The Satoshi mystery, Bitcoin's anonymous creator and a $70 billion fortune. ( Read More )

• Apple terminates Epic Games developer account calling it a ‘threat’ to the iOS ecosystem. ( Read More )

• Patient capital, diverse exits: Verod-Kepple’s vision for the future of African startups. ( Read More )