Spencer Ventures Daily Newsletter Tuesday, April 29th

• Bitcoin Looks To Break Out As Prices Creep Up

  Bitcoin hovers at $95K while U.S. stocks see another green day on the market

• U.S. GDP Expected To See First Quarterly Decline Since 2022

  Prediction markets like Kalashi are now forecasting negative growth for Q1 2025

• Trump Eases Auto Tariffs After Complaints From Manufacturers

  A new executive order has been signed to remove overlapping auto tariffs

• More Companies Share Plans To Raise Prices As A Response To Tariffs

  Adidas & Porsche to raise prices as Amazon considers displaying tariff charges

• U.S. Increases Q2 Federal Borrowing Estimates

  The U.S. is expected to borrow $514B in Q2 after previous estimates of $123B

• China Lightens Tariffs on U.S. Imports

  China announces their 125% tariff on U.S. ethane imports has been removed

• Tensions Rise Between Pakistan & India

  Pakistan says military intelligence shows an India attack within 24-36 hours

• Commerce Secretary Says Trump Is Not Focused on Markets

  Howard Lutnick says financial markets are not a top concern for the President

• White House Says Trump’s 2028 Talks Were “Trolling”

  Trump will seemingly settle for two terms as recent 2028 campaign was a joke

• U.S. Senate To Vote on Stablecoin Legislation Before Memorial Day

  Crypto legislation is coming with stablecoin framework shared before May 26th

• Truth Social Exploring Utility Token & Digital Wallet

  Trump’s social platform looks to create token & wallet for subscriptions/rewards

• SEC Delays Decisions on Several Crypto ETFs

  The SEC has delayed ETF decisions on $DOGE, $XRP, & staking on ETH ETFs

• Left-Facing Pudgy Penguin Sells For 200 ETH ($350,000)

  Rare Pudgy Penguin trades for 200 ETH after selling 3 years ago for 400 ETH

• Bitcoin ETFs See Another Day of Impressive Inflows

  BTC ETFs recorded $591M in net inflows yesterday led by BlackRock’s $971M

• DEX Aggregator 1Inch Announces Launch on Solana

  Solana users now have more options on swaps as 1Inch expands to new chains

• PancakeSwap Founder Announces New Token Launchpad on Solana

  Dingaling shares new plans for Boopdotfun including realtime rewards to users

• South Korea Promises To Approve Crypto ETFs

  Ruling party of South Korea has promised crypto reform & spot ETF approvals

• AI Tokens Come Back Strong As Total Market Cap Quickly Doubles

  The AI sector’s total market cap grew from $4.5B to $9.1B over last 3 weeks

• Yeet Casino Surpasses $50M in Lifetime Volume

  Crypto casino continues to see big volume with over $2.6M/day in first 19 days

• Camp Network Announces $30M Raise For IP Blockchain

  Camp looks to build an autonomous IP layer with latest $30M raise led by 1kx

• United Kingdom Partners With U.S. To Expand Crypto Adoption

  U.K. announces partnership with U.S. & also reveals new drafted crypto laws

• Trump Towers To Now Accept Crypto Payments

  Trump Tower in Dubai has announced that they will accept crypto for bookings

• Cardone Capital Announces Plan To Purchase 1,000 Bitcoin

  More companies pile into Bitcoin as Grant Cardone looks to buy $100M or more

• Pudgy Penguins Partner With Walrus For Decentralized Storage

  Pudgy will now leverage the Sui blockchain to store their stickers and GIFs

• Nasdaq Submits Proposal To List Dogecoin ETF

  A rule change was filed by Nasdaq allowing them to list 21Share’s $DOGE ETF

• Miden Raises $25M For Zk Blockchain Through Polygon Labs

  Miden comes out of incubation from Polygon with new raise led by a16z & 1kx

• Europe’s Second Largest Bank Partners With Kraken For Crypto Trading

  Neobank Bunq teams up with Kraken to offer crypto trading on its banking app

• Loopscale Says All Exploited Funds Have Been Returned

  Solana DeFi protocol has $5.8M in stolen funds returned following negotiations

• Federal Court Blocks U.S. Treasury From Pursuing Tornado Cash

  Another crypto company escapes government crackdown with new court ruling

• Circle Receives Financial Services Approval in Abu Dhabi

  Circle grows operations in Abu Dhabi with new license & partnership with Hub71

• Ethereum’s Fusaka Upgrade Planned For Q3-Q4 2025

  A new upgrade designed to boost security & efficiency is planned for late 2025

• Abstract Distribute Another Week of XP Rewards

  Abstract users can view their latest XP earnings as weekly rewards are now out

• Raydium Announces More Rewards For LaunchLab Users

  Another 50K $RAY has been added in rewards for LaunchLab traders & creators

• Hyperliquid To Integrate New Fee Structure & Staking Tiers

  A new fee system & updated staking tiers will go live on Hyperliquid May 5th

• Magic Eden Offers $ME Rewards For Staking & Bridging

  Magic Eden users can now earn $ME by staking or bridging between chains

• Onchain Foundation Partners With Doodles For Mint Allocations

  Doodles have received mint allocations to Onchain’s Founding Membership

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