

Equity Monday: Crypto's awful weekend, Apple v. Epic, and funding rounds galore
May 24, 2021
The cryptocurrency market faced a significant slump over the weekend, with Bitcoin and Ethereum struggling to regain their footing. In other news, the Epic Games trial against Apple intensifies, spotlighting the ongoing battle between startups and tech giants. Meanwhile, funding rounds are flourishing in fintech, with African and Indian startups making waves. As challenges in SPAC popularity loom, the conversation around tech disruption heats up, promising an intriguing week ahead for investors and enthusiasts alike.
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Crypto Sell-off Impact
- The cryptocurrency market experienced a significant sell-off over the weekend, with Bitcoin and Ethereum dropping substantially.
- This impacts the broader tech industry due to increasing integration of cryptocurrencies.
Epic vs. Apple Significance
- The Epic Games vs. Apple trial concludes arguments, highlighting the power dynamics between tech incumbents and startups.
- The lawsuit challenges Apple's control over its App Store and the fees it charges developers.
Funding Round Highlights
- Nigerian fintech startup Mono raised $2 million, pivoting to focus on financial inclusion in Africa.
- Zeta, operating in India and the UAE, raised $250 million, achieving unicorn status.