Spencer Ventures Daily Newsletter Friday, May 23rd

• Markets Pull Back Amid Increased Trade Tensions

  Stocks and crypto both fall as financial markets respond to news around tariffs

• Trump Threatens Heavy Tariffs on The E.U. & Apple

  Trade war returns as Trump proposes 50% tariffs on E.U. & 25% tariffs on Apple

• U.S. Housing Market Continues To Worsen

  Inflation-adjusted home prices see new high as 30-year mortgage rates hit 7.5%

• Gold Jumps 2% As Stocks & Crypto Go In Opposite Direction

  Bitcoin and Gold seem to remain decoupled as crypto moves alongside stocks

• U.S. Banks See $482B in Unrealized Losses

  American banking see increased losses with 33% more than previous quarter

• Harvard Sues U.S. Over International Students Ban

  Conflict between Trump & Harvard continues over international students status

• Volvo CEO Says Consumers Will Pay Majority of Tariffs

  European car company respond to Trump’s tariffs and puts cost on customers

• U.S. Bond Yields Sharply Drop As Recession Odds Go Up

  Bond yields are finally dropping as odds of a U.S. recession hit 43% on Kalshi

• U.S. & India Set To Announce New Trade Deal

  The U.S. makes progress on a new deal with India as global trade talks continue

• Top U.S. Banks Look To Create Joint Stablecoin

  JPMorgan, BoA, Wells Fargo, Citi, & more are now exploring a joint stablecoin

• BlackRocks Bitcoin ETF Tops All ETFs in Daily Flows

  $IBIT hits nearly $900M in net flows yesterday to mark over $2B in last week

• Texas Governor Hints At Approving State Bitcoin Reserve

  Greg Abbott shows signs of approval after reposting article on bitcoin reserve

• Solana Introduces New Attestation Service

  Solana reveals permissionless protocol to link offchain data to any Solana wallet

• Kalshi Integrates Solana Deposits

  One of the top prediction markets leans into crypto with deposits on Solana

• PacMoon Team Looks To Run It Back on HyperLiquid

  The team from the popular SocialFi product on Blast teases Hyperliquid launch

• James Wynn Maintains $1B Leverage Bitcoin Long

  Wynn now holds a liquidation price just under $104K on their 40x Bitcoin long

• Azuki Shares First Look At Upcoming TCG

  Azuki previews new TCG with their first card reveal called Silver Current, Haruhi

• Ondo Launches Global Markets For Onchain Equities

  RWA platform looks to put stocks on Solana with new Ondo Global Markets

• Protesters Gather Outside Trump’s Memecoin Dinner

  $TRUMP memecoin dinner sees 100+ people protesting Trump’s personal gains

• ApeChain Provides New Update on Banana Bill

  ApeChain’s 100M $APE ecosystem fund has used 31% so far with 14.6M in Q1

• Conor McGregor Teases Presidential Run With Bitcoin Reserve

  McGregor says he’ll be ”first president to put Bitcoin on Europe’s balance sheet”

• Hyperliquid Submits Comment Letters To CFTC

  Hyperliquid chimes in on recent CFTC discussion over derivatives & 24/7 trading

• Frank Muller Introduces Limited Edition Solana Watch

  Popular watch company collabs with Solana for 1,111 Solana-themed watches

• Sophon To Launch $SOPH on May 28th

  New L2 gives token allocations to Pudgy Penguins, Good Vibes Club, & more

• Rekt Rewards Drink Buyers With NFTs & XP Points

  Buyers can claim an NFT from OSF & earn XP for Opensea, Abstract, & DRANK

• YGG Launches LoL Land on Abstract

  YGG’s online board game is now live as users have chance to win $YGG tokens

• $WCT Goes Live on Solana

  Wallet Connect uses Wormhole to go multichain & teases upcoming collabs

• Red Bull Goes Live With Racing Experience on Abstract

  Users can now earn an Abstract Badge by minting all 6 of Red Bull collectibles

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