Spencer Ventures Daily Newsletter May 24th, 25th, 26th, & 27th

• Stocks Rally While Bitcoin Hopes To Maintain Recent Strength

  Stocks respond nicely to tariff delays as crypto majors chop over the weekend

• Trump Delays EU Tariffs Until July

  The U.S. president has agreed to delay upcoming tariffs on the EU until July 9th

• Money Market Funds Record New High in AUM

  Investors are holding record amounts of cash as “sidelined” capital hits $7.24T

• U.S. Consumer Confidence Beats Expectations

  Consumer confidence among American’s comes in at highest level in months

• Germany Surpasses Japan For World’s Top Creditor

  Japan’s no longer the world’s largest creditor after holding spot for last 34 years

• Gold Marks Highest Weekly Close Ever While U.S. Dollar Falls

  Gold remains slightly off all-time highs as U.S. dollar hits lowest level since 2023

• Short Interest on S&P 500 Stocks Reach 5-Year High

  Median short interest jumps to recent highs as traders expect stock prices to fall

• Tensions Rise Between Donald Trump & Vladimir Putin

  Trump says Putin has “gone absolutely crazy” & that he’s “playing with fire”

• India Becomes World’s 4th Largest Economy

  India jumps Japan to claim 4th largest economy behind U.S., China, & Germany

• Trump Says Canada Is Considering Offer To Become 51st State

  According to Trump’s latest post, Canada may join the U.S. in order to cut costs

• Global Economy Prepares For Several Big Events This Week

  Key data to be shared this week including Q1 GDP, April PCE, & NVDA earnings

• Trump Media Announces Plans For $2.5B Bitcoin Treasury

  The president’s company will look to raise $2.5B for a Strategic Bitcoin Reserve

• Echo Hopes To Being Back ICO’s With Sonar Release

  Sonar offers a new way to “go public” by letting anyone host a public token sale

• Circle Files For IPO on NYSE

  The company behind $USDC will now go public with an expected open at $5B

• Solana Co-Founder Doxed Using Famous Rap Group’s Social Media

  Migos instagram gets hacked as Solana co-founder is blackmailed over 40 BTC

• SharpLink Gaming Announces $425M $ETH Treasury

  SharpLink also brings on Ethereum co-founder as new chairman of the board

• Hyperliquid Trader Loses Over $60M

  James Wynn loses millions in 5 days after numerous leveraged Bitcoin trades

• Strategy Buys More Bitcoin As Saylor Opposes Proof of Reserves

  Strategy buys 4,020 BTC for $427M as Saylor says PoR hurts more than helps

• Tom Brady Invests in New Crypto Startup

  Cetena raises $18M as Circle co-founder plans to use AI for crypto transactions

• Celebrity Presales Return With Hasbulla

  The popular internet celebrity has raised over $20M for his memecoin on BNB

• Luxury Web3 Clothing Brand Announces Plans To Shut Down

  9dcc & gmoney reveal plans to wind down over struggles with external factors

• Solana Goes Live on MetaMask

  MetaMask users can now trade $SOL & connect to their favorite Solana apps

• Sam Bankman-Fried To Be Released Four Years Early

  SBF receives 4-year reduction on his prison sentence with new release in 2044

• Several Major CryptoPunk Loans See Action

  Seedphrase re-finances Punk for $2.75M at 17% as gmoney pays off $1M loan

• Dubai Launches Tokenized Real Estate Platform on XRP

  Dubai will now use the XRP Ledger to tokenize their $16B real estate market

• 21Shares Files For Spot Sui ETF

  The SEC has a new ETF filing as 21Shares applies for a SUI ETF with Nasdaq

• Strive Management Announce $750M Bitcoin Investment

  Institutions continue to plan for BTC treasuries as Strive funds first wave of buys

• Cetus Protocol To Refund Sui Users From Hack

  Liquidity provider on Sui will use their treasury + a loan from Sui to refund users

• Abstract Experiences Drama Over Recent Presale

  Abstract & Blast’Em go back and forth after recent token presale goes south

• New Pokemon-Inspired NFTs Surge Following Initial Sell Out

  Supremon 151 goes from 0.019 to over 1.6 ETH as Abstract-Pokemon take off

• SOL Strategies Files For Up To $1B in Financing

  The company will now have easier access to secure funding around Solana

• Sohpon Gets Ready For $SOPH TGE Tomorrow

  $SOPH goes live tomorrow as the new L2 launches their ecosystem token

• Myraid Offers New Badge For Power Users

  A new badge is now available for Myriad traders with $500+ USDC volume

• Bitcoin Vegas Begins First Day of Conference

  Top names gather in Vegas with talks from JD Vance, Cynthia Lummis, & more

• Rekt Drinks Reveal Mint For Latest Release

  The newest Rekt Drinks flavor will be available on OpenSea by minting an NFT

• Infinex Opens Claims For Top 500 Yaprunners

  Top social contributors from Season Zero can now claim their µPatrons points

• Abstract Reminds Users To Activate AGW

  Users with the “Elite Chad” discord role are reminded to stay active or lose role

• Upcoming Memecoin on Abstract Includes 21 Partner Communities

  The team from The Plague NFTs says numerous communities will join $GRIND

• Arbitrum Joins Kaito Mindshare Rewards

  The popular layer 2 blockchain will offer ~$150K in $ARB to top social Yappers

• Rekt Brands To Host LA Event in June

  Rekt teases upcoming news as a secret event takes place June 19-21 in LA

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