Spencer Ventures Daily Newsletter - November 20th & 21st

Daily Market Movers

News & Current Events

• Bitcoin Inches Closer To $100K As Solana Tests All-Time Highs

  Crypto majors run as BTC & SOL flirt with new highs while ETH jumps 10%

• SEC Chair Gary Gensler To Step Down January 20th

  The anti-crypto SEC Chair is now expected to resign on January 20th, 2025

• 21Shares, Bitwise, & VanEck All File For Spot Solana ETFs

  Solana ETFs are coming as two major ETF providers file with CBOE

• CHILLGUY Memecoin Takes Over Timeline As Token Hits $700M

  New Tik Tok memecoin runs to $700M market cap with over 100,000 holders

• FTX Plans For Reorganization With Customer Repayments By March 2025

  FTX will look to begin reorganization in January with repayments shortly after

• Charles Schwab To Offer Crypto Services As CEO “Feels Silly”

  Schwab to offer crypto trading as CEO says he feels silly for not owning any

• Trump’s Crypto Advisors Expected To Make Strategic Bitcoin Reserve

  A U.S. BTC reserve is becoming more of a reality as Trump’s council backs idea

• U.S. National Debt Reaches New All-Time High

  The United States debt has now hit a new record high over $36 trillion

• Nvidia Earnings Beat Expectations As Stock Market Pumps

  Stocks find strength as Nvidia beats expectations with $35.1B in Q3 revenue

• Donald Trump Now Considering Crypto Role For White House

  Trump’s team is now looking at adding a crypto-specific role at the White House

• Justin Sun Buys Famous Banana Art Work For $6.2M

  Sun just paid $6.2M for a banana taped to the wall, that he now plans to eat

• Magic Eden Announces Beta For Runes Swaps

  Users can now buy runes by swapping BTC instead of only buying listed lots

• Azuki Partners With Aniplex To Bring Fate Stay Series To Anime.com

  Azuki teams up with subsidiary of Sony Music for new Anime partnership

• DWF Launches $20M Memecoin Fund

  Web3 investor & market maker announces $20M fund focus on memecoins

• MicroStrategy Raises $3B For Even More Bitcoin

  Saylor add to BTC stockpile with $3B raise from convertible notes due in 2029

• Trump’s Media Group Files Application For Crypto Payments Platform

  New filings reveal an application for TruthFi, a crypto payments platform

• Bitcoin Miner Marathon Digital Raises $1B To Buy Bitcoin

  More companies are now raising funds in order to expand Bitcoin exposure

• North Korea Accused of Stealing $42M ETH From Crypto Exchange

  South Korea has now confirmed North Korea stole $42M ETH from Upbit

• MetaMask Introduces Swaps Without Requiring ETH For Gas Fees

  New MetaMask features allows gas fees to be taken from swapped tokens

• Coinbase Adds USDC Rewards For Coinbase Wallet

  Coinbase Wallet users can now earn 4.7% APY by simply holding USDC

• Moonshot Records Highest Daily Revenue

  Memecoin trading platform see biggest day ever as Tik Tok memes go wild

Mints, Claims, Action Items, & More

• Rekt Coin Set To Launch November 22nd

  $REKT will go live on Ethereum on November 22nd at 10:00am UTC

• Pudgy Penguins To Host Event At Art Basel

  Registration is now open for Pengu Party in Miami on December 5th

• Mantra Announces GenDrop Claim Details

  Claimers will have to bridge $OM to Mantra chain by November 24th

• Otherside Project Dragon Returns November 23rd

  Project Dragon will take place in The Swap as users battle for BAYC clubhouse

• Abstract Reminds Users Of Waitlist Signups For Mainnet Launch

  Abstract waitlist remains open as 350,000+ users have already signed up

• Chimpers Release Digital Trading Card Packs

  26 special edition trading cards are now available from NFT collection, Chimpers