Spencer Ventures Daily Newsletter - Thursday, September 12th

Daily Market Movers

News & Current Events

• Markets Reacts To U.S. Producer Price Index & Employment Data

  Markets rally as inflation & un-employment data comes in around expectations

• Fed Swaps Price In Rate Cuts Totaling 100BPS By End Of Year

  Following PPI data & jobless claims, total expected 2024 rate cuts sit at 100BPS

• Coinbase Launches Wrapped Bitcoin On ETH & BASE

  Coinbase adds WBTC as exchanges start to integrate more ways to use Bitcoin

• U.S. Government Pays $1 Trillion In Interest This Year On National Debt

  For the first time ever, U.S. gov paid $1T in 2024 interest on their $35.3T debt

• eToro Settles With SEC & Ends Almost All Crypto Trading Activity

  eToro will cease trading on nearly all crypto assets after recent SEC settlement

• Spot Gold Prices Hit Another All-Time High

  Gold per ounce reaches over $2,550 as many expect to see upcoming rate cuts

• Grayscale Preparing To Launch XRP Trust In Hopes Of Eventual ETF

  An XRP Trust is on it’s way as investors get one step closer to a potential ETF

• Claynosaurz Partner With Gameloft To Build Out Mobile Game

  Clayno looks to branch into the gaming sector with an upcoming mobile game

• Bianance Introduces BNSOL For Solana Staking

  Users can now stake their SOL with Binance and earn rewards via their LSTs

• Fantasy.top Partners With Predict.it To Bring Prediction Markets To Social-Fi

  Blast dapps team up to expand prediction markets to Fantasy.top cards

• Grayscale Launches $SUI Trust For Accredited Investors

  $SUI is up over 15% on the day as a new $SUI Trust is introduced by Grayscale

• Magic Eden Will Now Be Supported On Monad

  Magic Eden continues to expands across chain as they now venture into Monad

• Euopean Central Bank Cuts Interest Rates By 25BPS

  Rate cuts are starting around the world as many expect U.S. to see them next

• Ice Skin Lil Pudgy Sells For 5 ETH (5.7x Floor)

  One of the best Lil Pudgys in the entire collection gets bought for 5 ETH

• XCOPY Stays Hot With Another Sale Over 200 ETH

  XCOPY sees another major sale this week as a 1/10 edition goes for 220 ETH

• Stocks In China Fall As Prices Hit Lowest Levels In Five Years

  Chinese index fund, $CSHZ falls to 3,172 after peaking at 5,800 around 2021

Mints, Claims, Action Items, & More

• Donald Trump Launching World Liberty Financial September 16th

  Trump’s de-fi platform to go live this upcoming Monday live via twitter/x spaces

• Pudgy Penguins 1st Edition Pre-Launch Event Taking Place In Three Days

  Orange Cap Games shows off the official Pudgy TCG on 9/16 in Singapore

• Pudgy Studio Goes Live As The Customizable Content Hub For Holders

  Holders can access Pudgy Studio for custom PFPs, memes, banners, & more

• Ethervista Previews New Update Coming This Sunday

  Memecoin launchpad on ETH hints at something coming Sunday at 5:00pm EST

• Pirate Nation Reveals New In-Game Boss, Anglerfish

  Pirate Nation shows off new boss to battle in their web3 campaign