Spencer Ventures Daily Newsletter - Thursday, November 7th

Daily Market Movers

News & Current Events

• Bitcoin Climbs Higher As Price Nears $77K

  $BTC maintains post-election strength as price hangs out above previous highs

• Federal Reserve Lowers U.S. Interest Rates By 25bps

  Interest rates get cut again as current rates now sit at 4.5% - 4.75%

• Detroit, Michigan To Now Accept Crypto For Taxes

  Detroit now becomes the largest city in the U.S. to accept crypto for taxes

• Robinhood Chief Legal Officer Still Front-Runner For SEC Chair

  According to Reuters, Dan Gallagher is most likely to replace Gary Gensler

• Solana Market Cap Breaks New All-Time High

  $SOL MC hits new high but with inflation, $SOL price still remain 33% off ATH

• Bitcoin ETFs See Over $600M of Net Inflows Yesterday

  BTC ETFs record $621.9M of net inflows even with negative flows by BlackRock

• Chinese Media Reports On Trumps Crypto Ambitions

  China takes notice of Trump’s statements on crypto & a Bitcoin reserve

• Vladmir Putin Says Russia Will Maintain Use of U.S. Dollar

  President Putin has now said Russia has no plans to abandon the U.S. dollar

• Coinbase Introduces cbBTC On Solana

  cbBTC can now be sent to Solana on Coinbase and is backed 1:1 by Bitcoin

• Phantom Wallet Users Can Now Buy Crypto With Venmo

  Venmo can now be used on Phantom to purchase crypto in the U.S.

• $MOG Reaches $1B Market Cap Following Binance Perp Listing

  ETH sees another $1B meme as widely popular $MOG goes to new highs

• Skulls of Luci NFT Sells For 100 ETH ($290,000)

  One of the 49 Skulls of Luci by Sam Spratt has now sold for close to $300K

• Magic Eden Introduces Global Currency For NFT Mints

  Users can now buy NFTs on Magic Eden with any EVM supported currency

• Azuki Releases New Mini Short On X

  Azuki #55 & Beanz #101 both get featured in new Azuki mini short

Mints, Claims, Action Items, & More

• Vibes Announces Official Release At Art Basel In Miami

  Registration in now open as the Pudgy Penguin TCG launches December 5th

• Magic Eden $ME Tokenomics Set To Be Revealed October 18th

  Details on the long-awaited marketplace token $ME will be shared the 18th

• Abstract Announces Devcon Schedule In Bangkok

  Abstract Chain will host events November 11th - 14th during Devcon in Bangkok

• Mocaverse x OG Labs Node Sale Now Live

  The AI Alignment Node Sale will remain open for MocaList until November 13th

• Doodles Drop Certified Viral #8 On Zora

  “Dog People” can be minted on Zora as Doodles put their content onchain

• One Week Remains To Purchase Founder’s Edition Ethereum Phone

  Anyone who mints a dGEN1 before November 15th will be airdropped an NFT