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- Spencer Ventures Daily Newsletter Wednesday, March 12th
Spencer Ventures Daily Newsletter Wednesday, March 12th
Nick
March 12, 2025
Daily Market Movers
Stock Market 📈 | Crypto Majors 🪙 | NFTs 🐧 | Memes 😹 |
|---|---|---|---|
S&P 500: 5,599 (+0.49%) | BTC: $83,500 (+1.05%) | BAYC: 12.99ETH (+0.08%) | TOSHI: $180M (+32.51%) |
GOLD: $2,936 (+0.71%) | ETH: $1,900 (-1.09%) | PUDGY: 8.80ETH (-0.98%) | Pwease: $40M (+41.08%) |
DXY: 103.57 (+0.15%) | SOL: $125.90 (+0.35%) | Azuki: 2.30ETH (-6.07%) | PAIN: $20M (+47.44%) |
News & Current Events
Crypto Markets Chop Around CPI Report
Crypto majors are relatively flat on the day as Bitcoin remains above $83K
U.S. Inflation Comes In Lower Than Expectations
CPI data shows YoY U.S. inflation at 2.8%, beating expectations of 2.9%
Hyperliquid Decreases Leverage Options After User Profits $1.8M
Hyperliquid vault losses $4M after wallet longs $270M ETH on 20X leverage
Binance Receives $2B Investment From Abu Dhabi’s MGX
The Abi Dhabi-based AI & tech investor backs Binance with $2B investment
Coinbase Suspends Trading on Several Memecoins in New York
$FLOKI, $TURBO, & $GIGA will be removed from trading in NY on April 14th
Rumble Announces Purchase of 188 Bitcoin For $17.1M
Rumble bought 188 Bitcoin for their treasury at an average price of $91K
SEC Plans To End Ripple $XRP Lawsuit
The SEC is now preparing to drop another high-profile crypto investigation
Bank of Russia Introduces Crypto Buying For Investors
Limited-crypto purchases will now be allowed for clients at the Bank of Russia
Bitwise Shows Increase in Bitcoin Held By Corporations
Corporations owned 591,817 BTC ($49B) in 2024, up from 272,106 in 2023
White House Announces No More Crypto Summits
Future events will be for smaller gatherings with more focused discussions
Deutsche Bank Says Many May Follow U.S. Strategic Reserve
Major banks are taking notice of $BTC as Deutsche Bank compares it to gold
Franklin Templeton Files For Solana ETF With CBOE
SOL sees more action on the ETF front as Franklin Templeton files with CBOE
ETH/ BTC Falls To Levels Last Seen in May 2020
The ratio continues to drop as 1 Bitcoin is now equal to roughly 44 Ethereum
Cantor Fitzgerald Introduces Bitcoin-Backed Lending For Institutions
The U.S. Secretary of Commerce has his company expand into DeFi lending
Three Blockchains Sees Increase in TVL Over Last Week
Sei, Berachain, & Sonic were only chains with increases in total value locked
Abstract NFTs Show Strength During Market-Wide Pullback
NFTs on Abstract are a sea of green while the rest of the market sees red
OpenSea Adds Ronin Blockchain To Platform
OpenSea is now up to 17 supported chains as Ronin becomes latest addition
Alameda Unstakes & Disperses $23M $SOL
Alameda funds are on the move as $22.9M is unstaked & sent to 37 wallets
Mints, Claims, Upcoming Events, & More
Gutter Cat Gang To Launch $GANG on March 31st
$GANG will be on Apechain as team releases tokenomics for upcoming launch
WildCard Gives Community 100% of $WC Supply
WildCard completes initial airdrop as trading is suspended during “Airlock”
My Pet Hooligan Brings Game To Xbox
My Pet Hooligan’s game can now be added to wishlists in the Xbox store
Sugartown Tells Holders To Check Their Wallets
Ora holders receive soulbound airdrops on Abstract for future rewards
Parallel TCG Plans Mobile Release March 19th
Mobile will launch in the Philippines on March 19th with global release soon
Playember Announces Another Licensing Opportunity For Pudgy Holders
‘Penguin Life’ is looking for more Pudgy IP with latest licensing opportunity
NBA Top Shot Announces Free Pack Claim For NBA ID Members
NBA Top Shot reveals free exclusive packs & a chance to meet Paul Piece