Spencer Ventures Daily Newsletter - Friday, August 2nd

Daily Market Movers

News & Current Events

• Markets React As US Job Reports Miss Expectations

  Crypto and stocks fall as US employment data comes in worse than expected

• Stock Market Loses Almost $1 Trillion Of Value On The Day

  Stocks see major draw downs as US markets lose $879B in value

• Genesis Moves $1.5B As Creditor Repayments Are Underway

  Bankrupt crypto firm begins repayments with over $1.5B on the move

• Ethereum ETFs Get Another Day Of Net Inflows

  BlackRock inflows outpace Grayscale outflows, bringing net total to $27M

• Morgan Stanley To Now Offer Bitcoin ETFs To Clients

  $1.3 trillion asset manager now providing clients access to bitcoin ETFs

• Polymarket Now Favoring A September Rate Cut Of 50+ BPS

  Polymarket odds jump to 60%, now pricing in a September cut of 50+ bps

• Donald Trump Says Bitcoin Could Potentially Help Pay Off US Debt

  Trump mentions using Bitcoin as way to pay off $35 trillion debt

• Polymarket Volume Currently Beating Out Total NFT Volume

  Polymarket saw almost double the ETH volume of NFTs yesterday with $23M

• Scottie Pippen Launches New Memecoin And Dumps It For $330K

  Pippen sends new tweet promoting $BALL as dev wallet massively dumps token

Mints, Claims, Events, & More

• Fantasy Top Begins V2 Of Tactics Program

  Social fantasy game on Blast officially launches Tactics V2

• Pacmoon Teases Potential Bridge To Other Chain

  Top memecoin on Blast sends tweets hinting at upcoming bridge

• Adidas Shows Preview For New PFP Avatars

  ALTS by Adidas gives first look at avatars coming Q4 of this year

• Rekt Guys Holders To Receive Multiplier For DRANK Rewards

  Users can now earn multipliers for DRANK based on number of NFTs held