Spencer Ventures Daily Newsletter Friday, May 2nd

• Crypto Chops While Stocks Continue Winning Streak

  Bitcoin gets rejected at $98K as stocks make back ‘Liberation Day’ losses

• U.S. Trade Negotiations Show Promising Signs

  Canada & China both plan for potential U.S. visits to negotiate on trade deals

• S&P 500 Records Longest Streak of Gains In Over 20 Years

  $SPX has now closed green on 9 consecutive days for first time since 2004

• U.S. Economy Shows Strong April Jobs Report

  U.S. adds 177K jobs in May as unemployment rate remains unchanged at 4.2%

• Japan Threaten To Sell U.S. Treasuries If Trade Deals Aren’t Reached

  Japan Finance Minister says selling $1T U.S. Treasuries does “exist as a card”

• Jeff Bezos Files To Sell $5B Worth of Amazon Stock

  New filings show the Amazon founder will offload 25M $AMZN worth ~$5B

• Several Global Companies Respond To U.S. Tariffs

  Temu halts shipments out of China as Nike & others ask for tariff exemptions

• Odds of May Rate Cuts Quickly Evaporate

  Markets now give a 1% chance of any rate cuts at the Fed’s May 7th meeting

• Apple Updates Guidelines To Allow For NFTs & Crypto Payments

  IOS apps can now accept crypto payments & integrate buying/selling of NFTs

• Pudgy Penguins & Igloo Inc Visit With Congress in D.C.

  Pudgy meets with members of congress & shares mission with U.S. lawmakers

• Bitcoin Dominance Reaches 4-Year High

  Bitcoin’s market dominance nears 65% to reach highest level since 2021

• Claynosaurz Announce New NFT Collection on Sui

  The Solana NFTs will remain on SOL as a new 25k collection arrives on Sui

• Phantom Wallet Offers New Ways To Pay Gas Fees

  Phantom users can now pay gas fees using the token they’re swapping to

• Movement Labs Announces Suspension of Co-Founder

  Rushi Manche has been suspended after recent reports of shady token deals

• Cynthia Lummis Says Trump Supports Proposed Bitcoin Bill

  Senator Lummis says Trump is in favor of bill asking U.S. to buy 1M Bitcoin

• Dao5 Closes $222M Raise For Second Crypto Fund

  Crypto VC reveals $222M raise after initial investments in Berachain & Bittensor

• Brown University Discloses Bitcoin ETF Purchases

  More institutions show interest in BTC as Brown buys $4.9M of ETFs in March

• Gaming Company Announces Plans For Stablecoin on Sui

  Playtron will look to offer the ‘Game Dollar’ for onchain gaming through Sui

• Abstract Provides Ecosystem Update For Month of April

  Abstract shares April updates around launches, creators, & performance

• MicroStrategy Stock Continues To Outperform Bitcoin in 2025

  $MSTR is now up 33% on the year compared to Bitcoin being up just 4%

• Moonbirds Receive Some Unexpected Attention

  Adam Weitsman announces 1/1 purchase while other user burns rare NFT

• Sonic Gains Increasing Traction on New L1 Chain

  Active address double in 2 weeks as Sonic also tops chains in recent inflows

• Google Integrates ZK Proof Technology

  Google will add a well-known technology from the crypto space to their wallets

• U.K. Looks To Ban Investors From Buying Crypto With Debt

  New FCA rules will stop retail investors from borrowing money to buy crypto

• Europe Tightens Restrictions Around Digital Assets

  EU releases new AML regulations to ban anonymous cryptocurrencies by 2027

• Several Major Institutions Share 2025 Bitcoin Price Targets

  BlackRock, VanEck, & more give 2025 BTC prices, ranging from $122K-$700K

• 3 Days Remains To Buy Abstract Games Tickets

  Abstract Games takes place May 5th with a prize pool of $80,000 up for grabs

• Rekt Drinks Reveal Launch Date For New Flavor

  Rekt’s newest flavor, Abstract Apple will go on sale May 7th at 1:00pm EST

• Goblintown Parent Company To Launch New Collection on Abstract

  The Disease will feature a 1,000 supply generative art collection on Abstract

• OpenSea Announces New XP Shipment For NFT Holders

  Holders of several recent NFT drops can now view their updated XP rewards

• YEET Doubles Points on All Original Games For Next 48 Hours

  YEET users can now earn 2x points by playing games like Coin Rush & Limbo

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