Spencer Ventures Daily Newsletter Friday, May 9th

• Crypto Extends Gains While Stocks Remain Flat

  Crypto remains green as stocks fall slightly after Trump’s comments on China

• Trump Hints At Bringing Chinese Tariffs Down To 80%

  China “firmly oppose” Trump’s suggestion to drop tariffs from 145% to 80%

• U.S. To Announce Several New Trade Deals Soon

  Donald Trump says there’re 4 or 5 new trade deals that will be announced soon

• Long Term Bond Yields Show No Signs of Pulling Back

  U.S. bond yields remain high as inflation & interest rates cause more uncertainty

• U.S. & China Plan For Meeting in Switzerland

  Swiss President states U.S. & China will visit the country for trade negotiations

• Global Liquidity Points Towards Higher Bitcoin Prices

  Global M2 continues to rise as recent data indicates Bitcoin will soon follow

• Trump Considers Increasing Taxes on Individuals Making Over $2.5M

  Trump is looking into raising taxes from 37%-39.6% for high income earners

• Canada’s Unemployment Rate Hits Highest Level Since 2021

  The country’s unemployment rate jumps to 6.9% as tariff effects begin to show

• Meta Reveals Plan To Launch Stablecoin For Social Platforms

  Meta considers stablecoin for payments on Facebook, Instagram, & WhatsApp

• BlackRock Meets With SEC Crypto Task Force

  BlackRock & the SEC met to discuss staking, tokenization, options, & ETFs

• Rumble Teams Up With Tether To Launch Crypto Wallet

  Rumble introduces their non-custodial crypto wallet for Bitcoin & stablecoins

• JD Vance Set To Speak At 2025 Bitcoin Conference

  U.S. Vice President now plans to speak at Bitcoin2025 conference in Las Vegas

• Ramp Partners With Stripe For Stablecoin Payment Cards

  More institutions adopt stablecoins as Ramp looks to unlock global payments

• Doodles See Rocky Token Launch As Prices Quickly Drop

  $DOOD goes south as users get 2x airdrops while others wait hours for tokens

• Ethereum Shows Massive Strength Following Pectra Upgrade

  $ETH supply flips deflationary again as price jumps 25% over the last week

• Coinbase Introduces 24/7 Futures Trading

  U.S. Coinbase users can now trade BTC & ETH futures 24/7 with Perps up next

• Numerous Memecoins Skyrockets Amid Market Pump

  PEPE, PNUT, MOODENG, GOAT, MOG, & CHILLGUY all see gains of 40-200%

• Steak ‘N Shake Announces Bitcoin As New Payment Method

  Enjoyers of the popular fast food chain can now pay for their meals using Bitcoin

• Coinbase Shares Q1 Earnings Report

  Coinbase shows $2B in Q1 revenue with lower profits & cash reserves of $9.9B

• Bitcoin Dominance Begins To Fall While Memes & Others Gain Traction

  Bitcoin’s market share drops nearly 2% as alt coins and memes see big gains

• Zerebro Founder Seen Alive With Parents Following Faked Death

  Memecoin founder get noticed with parents after token in his honor hits $100M

• Diddy Launches Memecoin With Support From Kanye

  Diddy memecoin reaches $180M after promotion from his X account & Kanye

• CryptoPunks Floor Surpasses Bitcoin Price

  Punks continue to see big sales as floor creeps higher after $230K Hoodie sale

• Hyperliquid Hits All-Time High in Open Interest

  $HYPE grows 10% as leverage traders flock to platform & push OI to $4.9B

• Pudgy Penguins Reach 120B Views Across Social Media

  Pudgy expands social reach as IP now reaches 300-500M people every day

• Doodles Shares More Info on DreamNet & Potential New Collection

  DreamNet shares new post on rewards as Doopies get noticed on Doodles site

• Vibes Previews Saucy Actions For Set 2 Cards

  Vibes TCG shares more Set2 spoilers with ‘Not Toady!’ as new Saucy Action

• $PENGU Now Available For Trading on Upbit

  Pudgy strengthens partnerships in Korea with new token listing for $PENGU

• Rekt Brands Announce $100K Token Buy Back

  Rekt Brands share latest purchase of tokens & brings holdings to 2.46T $REKT

• Abstract Games Ends With Winners Announced Soon

  First ever Abstract Games has concluded as winners will be revealed next week

• Sugartown Opens Wallet Checker For Upcoming Mint

  Users can now check their eligibility status for Sugartown’s mint on Abstract

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