Spencer Ventures Daily Newsletter Friday, April 11th

📰 News & Current Events 📰

• Markets Rebound As Bitcoin Fights Back To $84,000

  Both stocks & crypto are green on the day as Solana outperforms to over $120

• Gold Sky-Rockets As U.S. Dollar Suffers

  Gold climbs to $3,235/oz as U.S. dollar index hits lowest level since 2022

• Federal Reserve Says They’re Willing To Help Stabilize Markets

  Boston Fed President says they’re “absolutely” prepared to take action

• Another Inflation Metric Comes in Below Expectations

  Producer Price Index (PPI) dropped to 2.7% for first MoM decline in over a year

• Fartcoin Closes in on Solana’s Top Memecoin

  Fartcoin & BONK fight for top memecoin on Solana as both near $1B market cap

• 10-Year Yield Becomes Driver For Economic Policy

  U.S. bond yields hit new high over 4.5% as economic outlooks begin to shift

• Trump Signs Bill To Overturn Existing IRS Crypto Rule

  ‘DeFi Broker Rule’ gets reversed as first crypto bill signed into law by a president

• China Increases U.S. Tariffs As Chinese Embassy Trolls U.S. on X

  China bumps U.S. tariffs to 125% as Embassy posts cartoon mocking the U.S.

• New York Introduces Bill To Accept Crypto As New Form of Payment

  The bill would allow state agencies to accept crypto for taxes, fees, & fines

• $PROMPT Responds To Backlash With Massive Day

  Wayfinder’s $PROMPT surges to $350M FDV with token up ~100% on the day

• FTX Unstakes $22.5M Solana

  FTX/Alameda wallets withdrew a total of 186,326 $SOL from staking today

• U.K. School Announces Acceptance of Bitcoin For Tuition

  Lomond School plans for Bitcoin Reserve by allowing $BTC payments for tuition

• Confidence in U.S. Consumers Drops To 45-Year Low

  U.S. consumers now have the lowest confidence in the economy since 1980

• SEC Task Force Holds Roundtable on Regulating Crypto Trading

  SEC holds second roundtable meeting today on tailoring crypto regulation

• Company Raises $40M To Offer Life Insurance in Bitcoin

  Meanwhile completes Series A for BTC-denominated life insurance & annuities

• Abstract Memecoins Continue To Show Strength

  BIG, ABSTER, CHENGU, & YUP see 35-130% gains to lead memes on Abstract

• YEET Impresses on First Day With Over $2M in Volume

  Crypto’s newest casino totaled 2,000 sign ups & over 200K bets on launch day

• Ethereum Founder Releases Roadmap For L1 Privacy

  Vitalik shares ideas for privacy around, payments, activity, RPC calls, & networks

• Sweden Looks To Add Bitcoin To Foreign Exchange Reserves

  Swedish MP makes proposal to Finance Minister to add Bitcoin to their reserves

‼️ Airdrops, Events, & More ‼️

• Binance Concludes Another Community ‘Vote To List’

  ONDO, BIGTIME, & VIRTUALS all get voted to soon be listed on Binance

• YEET Offers 5x Points on Slots For Next 24 Hours

  Users can now earn 5x points for future airdrops by using slots on YEET

• Babylon Launches Mainnet With $BABY Now Live

  Bitcoin staking protocol opens mainnet as $BABY trades around $270M MC

• Grant Yun To Release 20 1/1 NFTs on May 1st

  Popular digital artist parters with Fellowship to auction off new artwork

• TRUMP Memecoin Approaches First Major Unlock

  Roughly $320M is set to be unlocked on April 18th with $4M/day afterwards

• Sugartown Reveals Several Ways To Earn Rewards

  CORES will let users collect $WIN + Abstract XP by playing, staking, & betting

• Berachain To Finalize New Set of Reward Vaults on Monday

  Berachain looks to improve reward system with new Vaults coming April 14th

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