Table of Contents

• Gold surges as Middle East tensions spur safe-have …

• Investing in the future: The electrifying potentia …

• Top Tickers

• Bitcoin is suddenly cool again for VCs

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Gold surges as Middle East tensions spur safe-haven rush

As geopolitical uncertainties escalate, gold prices have soared, reaching new highs

Gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets. Last week, amid rising tensions in the Middle East and global economic unease, gold hit a record $2,419.79 per ounce before settling at $2,353.35. This trend underscores gold's enduring appeal as a safe haven during turbulent times.

Strong purchasing by central banks and sustained demand from individual investors – particularly in China and India – continue to provide solid support for gold, attracting speculative investors and maintaining high prices, Sucden Financial analysts said in a note. Goldman Sachs recently elevated its year-end forecast for gold to $2,700 per ounce, indicating a robust market sentiment.

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Investing in the future: The electrifying potential of Formula E

A unique investment opportunity for high-net-worth sports individuals?

As global interest in sustainable technologies accelerates, Formula E emerges as an interesting opportunity in the sports investment landscape. With a valuation significantly more accessible than Formula 1 – team spots going for €20-30 million and an annual cap of $14 million on team spending – Formula E offers a more financially viable entry into motorsports.

Key investors like Liberty Global and Saudi Arabia’s sovereign wealth fund back the series, signaling strong market confidence. Formula E isn't just a sport; it's also a movement towards sustainable mobility, attracting a young, eco-conscious demographic crucial for future growth. The series boasts a global footprint, with races across continents and major partnerships with brands like Maserati and Porsche, enhancing brand visibility and creating cross-promotion opportunities.

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Top Tickers

Some of the most active and relevant securities and quotes (compared to previous day's closing price)

Bitcoin is suddenly cool again for VCs

Pre-seed Bitcoin startup deals rose 360% in 2023, a TVP report shows

Venture capital has reignited its passion for Bitcoin, signaling a robust comeback not seen since 2014. This year, we've observed a staggering 360% increase in pre-seed funding for Bitcoin startups, dramatically outpacing general crypto venture funding which has declined significantly.

Why this matters:

• Beyond Transactions: Bitcoin's evolving beyond mere currency with layer-2 technologies enabling functionalities like DeFi and staking for Bitcoin holders.

• Investor Insights: Ventures are diving back into Bitcoin, prioritizing security and potential over hype, as seen with the scrutinization of layer-2 solutions.

• Tech Innovation: The rise of Bitcoin ordinals and utility-focused applications like Mezo underline a broader trend of harnessing Bitcoin for diverse technological solutions.

This surge is not just about capital but about paving the way for innovative financial technologies that promise enhanced security and functionality.

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Deniz Undav, who was recently called up to the German national team, was asked before yesterday's game against Eintracht Frankfurt what his pre-game ritual looks like. His answer: relax and drink Red Bull. And? Did it work? Sure, played a great game and scored a goal himself.

But much more important is today's game Bayer Leverkusen vs. SV Werder Bremen. Bayer can crown an outstanding season by winning the Bundesliga championship. The last 11 championships went to FC Bayern. It would be the first title win for Bayer Leverkusen. Of course, many people who made this possible could be mentioned here. Who should certainly be highlighted is Bayer's coach Xabi Alonso, who took over Bayer last season in difficult waters and has now led Bayer to the top. Awesome, Xabi!

Have a great Sunday!

Irg

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