Spencer Ventures Daily Newsletter Thursday, May 29th

• Stocks Hold Steady As Crypto Slides Lower

  Crypto prices look to maintain recent uptrend as Bitcoin falls back under $105K

• Trump Battles With U.S. Court Over Global Tariffs

  U.S. appeals court reinstates Trump’s tariffs after a former ruling banned them

• Federal Reserve Chair Meets With Trump on Several Issues

  Powell recently visited Trump to talk about U.S. growth, inflation, & employment

• U.S. Treasury Secretary Shows Concerns Over Negotiations With China

  Scott Bessent says trade talks with China have “stalled” & show little progress

• U.S. Dollar Usage Reaches 12-Year High

  The Dollar is now used in ~50% of global payments while the Euro lacks interest

• Bond Yields Are Back on The Rise Following More Trade Talks

  The 30-year bond yield rises back above 5% as investors sell off U.S. Treasuries

• White House Says U.S. Deficit Isn’t Affected By Trump’s Spending Bill

  After estimates suggested a $3.8T increase, WH says deficit won’t change

• Nvidia Passes Microsoft To Claim World’s Most Valuable Company

  Nvidia hits $3.4T MC to briefly pass Microsoft after a strong earnings report

• SEC Dismisses Case Against Binance

  Binance & Founder celebrate as SEC officially ends case against the exchange

• Jupiter Announces Partnership To Explore New IPO Mechanism

  Jupiter reveals plans to offer duel listing IPOs with tokenized shares on Solana

• Ripple Launches OTC Crypto Swaps in The U.S.

  Hidden Road goes live in the U.S. with institutional access to crypto swaps

• SEC Says Protocol Staking Doesn’t Classify As A Security

  New SEC comments show increasing odds of staking included in crypto ETFs

• Leading Candidate For U.K Prime Minister Proposes Bitcoin Reserve

  Nigel Farage introduces new bill to create a Strategic Bitcoin Reserve in the U.K.

• DeFi Dev Corp Becomes First Public Company To Invest in Liquid Staking

  DFDV leans further into Solana with new liquid staking token through Sanctum

• Spain’s Largest Bank To Launch Native Stablecoin

  Santander announces plan to launch a stablecoin & expand crypto services

• Paris Saint Germain Soccer Club Announces Bitcoin Reserve

  One of the largest soccer clubs has now revealed plans for a Bitcoin Treasury

• OpenSea Leaves Beta & Introduces Full OS2 Release

  OpenSea sets OS2 as default experience with updates on trading & rewards

• SEC Commissioner Compares Memecoins To Collectibles

  Hester Pierce says memecoins aren’t securities and are more “like collectibles”

• Tether Shares Details on Current Holdings

  USDT issuer says they now own more than 100K Bitcoin & over 50 tons of gold

• NFTs on Ethereum See Several Big Sales

  Skeleton Meebit sells for 18.88 ETH as Good Vibes Club has 1/1 go for $120K

• Hyperscale Data Looks To Buy $10M XRP

  More institutions pile into crypto treasuries with latest focus on Ripple $XRP

• Bitcoin Sees All-Time High in Open Interest For Options

  More people are betting on $BTC price direction as open interest hits new high

• Panama Shows Increasing Interest in Digital Assets

  Panama City Mayor says state-run bank will soon offer Bitcoin savings accounts

• Las Vegas Bitcoin Conference Breaks World Record

  The world record for most daily BTC payments has been broken with over 4,000

• Norway Crypto Firm Adopts Bitcoin Treasury

  K33 has announced a new raise of $5.5M in order to fund their Bitcoin reserve

• Abstract Introduces New Bridge Powered By LI.FI

  Abstract shares new and improved bridging experience using LI.FI protocol

• SEC Delays Decision on Several Crypto ETFs

  SEC pushes back decisions on Grayscale’s AVAX & ADA ETFs until July 15th

• Bybit Gains MiCA License in Austria

  Bybit gets approval for financial services in Austria as adoption grows in the EU

• Gemini Exchange Uses Cybertruck To Mine Bitcoin

  Gemini shares new way to mine $BTC during recent demo at Bitcoin Vegas

• Orange Cap Games Tease Upcoming Announcement

  The team behind the Pudgy TCG advises followers to turn on post notifications

• Claynosaurz Go Live With Popkins Mint

  Users can now mint their packs for $200 for a chance at an NFT or full refund

• Loud Takes Over Timeline With Upcoming Presale

  InfoFi heats up as Loud plans $70K raise using an Initial Attention Offering (IAO)

• Coinbase Adds $HYPE To Perpetual Future Listings

  Hyperliquid’s token will be listed for futures trading on Coinbase on June 5th

• FTX To Distribute $5B To Creditors Tomorrow

  Roughly 2% of the total stablecoin supply will be sent to FTX creditors tomorrow

• Kaito Genesis NFTs Have Surprise Art Reveal

  Kaito NFTs have now revealed with new art as Yapper-themed Capybaras

• Nansen Announces Season 1 of Points Program

  Season 1 of Nansen Points begins June 17th as company looks to reward users

• Yeet Begins Another Chairman’s Cup Amid Airdrop Campaign

  Top crypto casino begins new $15K tournament on top of current points system

• Abstract Hosts Upcoming Poker Event With Sugartown

  World Series of Abstract gets introduces as a multi-week poker tournament

• Wallet Connect Continues Recent Community Airdrops

  More communities including Solana Mobile & Rainbow Wallet will receive $WCT

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