Spencer Ventures Daily Newsletter Thursday, April 17th

📰 News & Current Events 📰

• Stocks Chop While Crypto Sees Slightly Green Day

  U.S. stocks settle after yesterday’s selloff as BTC looks to break through $85K

• Governments & Sovereign Wealth Funds Start Eyeing Crypto

  Binance says several governments & SWFs are asking about crypto reserves

• Trump Secretly Plots To Fire Federal Reserve Chair

  Trump holds private talks to fire Jerome Powell & looks to nominate Kevin Warsh

• European Central Bank Cuts Interest Rates

  Attention shifts to the U.S. Federal Reserve after Europe cuts rates by 25 bps

• Base’s Latest Token Launch Rebounds As Chain Still Faces Criticism

  Base is for everyone finds new highs after Coinbase begins “coining” content

• Panama City Allows Government To Accept Crypto Payments

  Residents can now pay taxes, fines, & permits with BTC, ETH, USDC, or USDT

• Trump Remains Confident in Progressing Trade Negotiations

  Trade deals are now expected to be made with China, Japan, Italy, and the E.U.

• Yeet Finishes First Week With $30M in Volume

  Crypto’s top casino shows strong opening week with 1.5M bets & 3,500 sign ups

• U.S. Mortgage Rates Experience Largest Jump in a Year

  30-year fixed mortgage rates spike to 6.83% as tariff-effects begin to unfold

• Nvidia CEO Travels To China With Hopes of Ending Trade War

  Jensen Huang notes importance of Chinese markets amid recent visit to China

• MELANIA Memecoin Team Continues To Sell Tokens

  The team behind Melania Trump’s token has now sold $8M over the last month

• Base Introduces Mini Apps Along With Playbook For Launching on Base

  Base grows onchain gaming with Mini Apps & offers guide for launching tokens

• Arbitrum Announces New Chain For Onchain Finance & RWAs

  Converge will be built on Abritrum with help from Ethena Labs & Securitize

• Coinbase Enhances Solana Support After Community Complaints

  Coinbase looks to cut processing times on SOL transactions with new upgrades

• a16z Announces Additional $55M Investment Into LayerZero

  a16z continues support for LayerZero & buys $55M $ZRO with a 3-year lockup

• Bitcoin Mining Company Raises $153M To Expand Into AI

  Auradine has now raised a total of $300M+ for their BTC mining & AI solutions

• MegaETH Shows Real-Time Transactions With New Blockchain Game

  CrossyFluffle previews MegaETH speed with every in-game action put onchain

• SOL/ETH Nears New Highs As Ethereum Continues To Underperform

  Assets against ETH are back on the rise as Solana & Bitcoin continue to outpace

• Node Announces $25M Grant To Expand Digital Art Space

  Node looks to focus on presentation, education, & preservation of digital art

• Data Shows Solana With Majority Share of Chain & Application Revenue

  Solana dominates Q1 2025 revenue & surpasses all L1 & L2 chains combined

• Slashing Goes Live on EigenLayer Mainnet

  EigenLayer enhances network security with Slashing to prevent bad behavior

• Galaxy Digital Seemingly Swaps Large Amounts of ETH For SOL

  Galaxy has now sent $100M ETH to exchanges with withdrawals of $58M SOL

‼️ Rewards,Tokens,& Events ‼️

• Magic Eden Completes Airdrop & Starts Season 2 of Rewards Campaign

  ME airdrops S1 rewards as staking & platform volume will play into S2 rewards

• Creepz Open Playground With Opportunities To Spin For Prizes

  Users can buy spins to win tokens, NFTs, & more from the Creepz ecosystem

• $TRUMP Token Unlocks Begin Tomorrow

  4% of the total supply gets added to circulation tomorrow as large unlocks hit

• Ledger Teases Pudgy Penguins Collab on The Way

  Ledger provides coordinates in Dubai with “something cool and secure” coming

• Several Tokens Announce Upcoming Exchange Listings

  $BNB gets Kraken listing as $WCT, $PROMPT, & others land Coinbase futures

• VanEck Economy ETF Expected To Go Live May 14th

  $NODE will offer exposure on stocks tied to crypto such as exchanges or miners

• Wayfinder Releases Weekly $PROMPT Claims

  Cachers can now claim their weekly $PROMPT rewards for staking $PRIME

• Vibes TCG Holds $1K Tournament This Saturday

  Vibes visits Cherry Hill, NJ on April 19th to host a tournament with $1K in prizes

• Plooshies Give More Details Around Upcoming Game & Mint on Abstract

  Plooshy Island beta arrives next month as Plooshy Apartments mint in early May

• Kaito Adds NEAR Protocol To Post-TGE Leaderboard

  Users can now earn upcoming rewards by talking about NEAR on X

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