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- Spencer Ventures Daily Newsletter Friday, March 28th
Spencer Ventures Daily Newsletter Friday, March 28th
Nick
March 28, 2025
📈 Daily Market Movers 📉
TradFi 💸 | Crypto Majors 🪙 | NFTs 🐧 | Memes 😹 |
|---|---|---|---|
S&P 500: 5,581 (-1.97%) | BTC: $84,200 (-3.71%) | BAYC: 14.29ETH (-1.04%) | SPX: $483M (-18.72%) |
GOLD: $3,084 (+0.94%) | ETH: $1,890 (-6.18%) | PUDGY: 9.99ETH (-3.01%) | Fartcoin: $464M (-17.63%) |
DXY: 104.01 (-0.26%) | SOL: $129.50 (-7.12%) | Doodles: 3.10ETH (-7.80%) | FWOG: $43M (-20.38%) |
📰 News & Current Events 📰
Markets Bleed Lower Amid Inflation & Tariffs
Stocks & crypto both see big losses today following PCE data & tariff news
Fed’s Preferred Inflation Metric Comes In Higher Than Expected
Core PCE MoM comes in at 0.4% as YoY was 2.8%, both above expectations
Elon Musks xAI Acquires X in Full Equity Deal
X gets valued at $33B while XAI is valued at $80B in latest Musk acquisition
Grayscale Applies For Avalanche ETF
Grayscale is now looking to expand ETF offerings with latest AVAX ETF filing
Bitcoin Dominance Continues To Go Higher
BTC dominance hits 60% as Bitcoin continues to outperform most of the market
Trump Pardons Founders of BitMex Crypto Exchange
Trump gives free pass to BitMex founders as president leans more into crypto
FDIC Allows Banks To Engage in Crypto Without Needing Approval
Adoption grows among institutions as banks become more accepting of crypto
Donald Trump Announces Tariffs on Pharmaceuticals
More tariffs come down as Trump continues to put pressure on other countries
Hawk Tuah Girl Escapes SEC Investigation
The SEC sets their precedence on celebrity memecoins with $HAWK dismissal
Myriad Markets Surpass $1M in USDC Volume
Myriad stays hot as the prediction market reaches $1M in USDC volume
DOGE Gets Access To SEC Databases
Musk & DOGE now has access to SEC databases to investigate waste & fraud
Bitwise Shows Change in NFT Sales Volume For Several Collections
Pudgys & Doodles increase while Punks & Apes decrease over last year
Ross Ulbrichit Teases Silk Road 2
The founder of Silk Road made new post hinting at potential for Silk Road 2.0
Coinbase User Gets Scammed For 400 BTC
New reports suggest a Coinbase user has lost $34.9M $BTC in a likely scam
South Carolina Introduces Strategic Digital Assets Reserve
South Carolina representatives look to create a state-ran crypto reserve
Taproot Wizards Fall Below Mint Price As Secondary Trading Begins
Bitcoin ordinals mint now trades at 0.20 BTC after auction ends at 0.31 BTC
Abstract Global Wallet Adds Transaction Simulations
Transactions are easier to read on Abstract now with simulated wallet results
‼️ Airdrops, Events, & More ‼️
Terraform Labs Plans To Open Bankruptcy Claim on March 31st
Terraform is expected to pay back $185M-$442M in creditor claims
Backpack Distributes 10M Points For Week 1 of Season 1
Crypto exchange gives out first batch of reward points for user activity
BitcoinOS Adds Crypto Communities To $BOS Airdrop
Top communities from BTC, ETH, SOL, & ADA will all receive $BOS
Ethereum Pectra Update Expected To Deploy April 30th
Ethereum next upgrade is now planned to take place at the end of April
Coinbase Adds Support For BNB Futures & Keycat
BNB perps go live April 3rd as Keycat also gets added to listings roadmap
Steady Teddys Prepare For Mint on April 1st
The hottest NFT mint on Berachain plans for launch on April 1st
Kaito Introduces Rewards Station For Earn Program
Kaito users can now go to the reward station for existing & future rewards
Defi Dungeons To Launch Game on April 2nd
Crypto gaming project looks to launch upcoming game in the coming days