Spencer Ventures Daily Newsletter April 19th, 20th, & 21st

• Bitcoin Attempts To Decouple From Stocks While Rest of Market Bleeds

  BTC remains green as it looks to follow gold’s strength & trend away from stocks

• Stocks Spike Down As Global Uncertainty Persists

  S&P 500 erases $1.5T today as $SPX returns to levels from before tariff delays

• Gold Remains Hottest Asset With Another All-Time High Broken

  Spot gold is up nearly $460 in 11 days as the price per ounce reaches $3,430

• China Escalates Feud With U.S. & Halts Private Equity Investments

  China recently threatened U.S. trade alliances & now pulls out of U.S. PE deals

• U.S. Dollar Falls To Lowest Levels Since March 2022

  $DXY continues to crash as U.S. dollar index drops to lowest level in 3+ years

• More Countries Respond To U.S. Tariffs

  Japan & Korea ease relations with U.S. while India imposes 12% tariffs on China

• Prediction Markets Show 85% Chance of No Rate Cuts in May

  Current rates will seemingly remain as Kalshi shows slimming odds of May cuts

• Strategy Reveals Latest Purchase of $555M Bitcoin

  Saylor smashes the buy button again with purchase of 6,556 $BTC for $555.8M

• Bybit CEO Shares Hack Update As 27% of Funds Become Untraceable

  Bybit gives update on $1.4B hack with 3% of funds frozen & 68.57% traceable

• Circle Looks To Build Payment Network Powered By USDC

  Circle Payments will offer support for invoices, payroll, remittances, & more

• SOL/ETH Ratio Reaches Another All-Time High

  Solana continues to outperform Ethereum while ratio touches new high of 0.088

• Major Global Banks Look To Expand U.S. Crypto Operations

  Deutsche Bank & Standard Chartered both plan to explore crypto in the U.S.

• 72 Crypto ETFs Currently Await SEC Approval

  ETFs involving Pengu, XRP, Doge, & more all look to soon gain SEC approval

• Coinbase Launches Futures Trading on $XRP

  Coinbase gains CFTC approval and brings $XRP regulated futures to market

• Meebits Introduce AI Agents Powered By $THINK

  NFTs will become the “body of your AI Agent” as Think Agents go live tomorrow

• Base Surpasses Solana in Token Launches For First Time Ever

  Base “coins everything” & passes Solana with over 50K daily tokens launched

• OpenSea Continues To Ship New Features For OS2

  Solana token trading is live as users can also now switch wallets with one click

• Hyperliquid Shows Strength During Recent Market Turmoil

  $HYPE jumps 15% on the week & shows strongest performance against $BTC

• Metaplanet Brings Bitcoin Holdings Over $400M

  Public companies are stockpiling $BTC as Metaplanet adds another 330 Bitcoin

• Crypto Casinos Bring in $80B+ in 2024 Revenue

  One product-market fit has revealed itself as crypto casinos make $80B in 2024

• Rare CryptoPunk Sells For $500,000

  Select NFTs are still catching bids after a 0-trait Punk goes for 317 ETH ($500K)

• Ethereum Founder Proposes Network Upgrade To Replace EVM

  Vitalik has proposed the move from EVM to RISC-V to make ETH more efficient

• Avalanche Introduces Debit Card For Crypto Purchases

  The Avalanche Card is now available & can be used anywhere Visa is accepted

• Zora Announces TGE Amid Coining Campaign on Base

  $ZORA will launch April 23rd as snapshots of past usage have now been taken

• Mantra Founder To Burn Token Allocation on April 29th

  Roughly $80M will be burnt as $OM founder looks to regain community trust

• Coinbase Announces Asset Recovery For Solana Tokens

  Coinbase users can now retrieve any SPL tokens accidentally sent to Coinbase

• Yuga Goes Live With Shadow NFTs on ApeChain

  Shadows let BAYC, MAYC, Koda, & BAKC holders verify assets on ApeChain

• Initia Foundation Reveals Tokenomics For $INIT

  $INIT to have a supply of 1B with 5% allocated to airdrops & 6% for Binance

• Multiplier Returns Funding & Keeps User Rewards Intact

  Abstract app returns $150K & says company’s revenue will support incentives

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