Spencer Ventures Daily Newsletter Tuesday, February 25th (Yesterday)

News & Current Events

• Fear & Greed Index Hits Extreme Fear As Bitcoin Falls Under $87K

  Crypto see major liquidations as SOL nears $130 & ETH touches $2,320

• Crypto ETFs Continue To See Major Outflows

  BTC ETFs recorded -$539M in net flows yesterday as ETH ETFs see -$78M

• SEC Drops Investigation Into Uniswap Labs

  World’s top DEX has SEC case dropped as government overreach diminishes

• Grayscale Files For Spot Polkadot ETF

  More crypto ETF are now on the table as Grayscale submits Polkadot filing

• GameStop Receives Letter Asking Company To Buy $BTC With Reserves

  GameStop CEO says they’re now being urged to use $5B of cash on Bitcoin

• SEC Acknowledges Staking For Grayscale Ethereum ETF

  ETH ETFs see increasing hope for staking as SEC shows interest in filings

• Ohio Introduces Bill To Remove State Taxes on Crypto Payments

  Blockchain Basics Act would make payments made through crypto tax-free

• ByBit Begins Repaying ETH Loans

  Bybit is on the road to recovery as they pay back 40K ETH loan from Bitget

• Strategy Stock Falls 55% From Peak As “Liquidation” Talks Resurface

  $MSTR holds $8.2B debt & over $43B $BTC as insolvency odds remain low

• Aya Miyagotchi Gets Named President of Ethereum Foundation

  The former executive director will now transition to President of the EF

• PayPal Announces Plans For More Stablecoin Integrations

  PayPal will look to integrate their stablecoin into more of their products in 2025

• Bitwise Presents Bitcoin Case To 350 Wealth Managers

  Bitwise says 53% of wealth managers are now planning to allocate to crypto

• Memecoin Mania Begins To Lose Steam

  Pump Fun metrics start to decline as more traders lose interest in memes

• Ethena Raises $100M For New TradFi Stablecoin

  Ethena Labs completes private sale of $ENA & secures $100M in funding

• Sam Bankman-Fried Makes Post From Prison

  SBF’s X account makes long post about challenges with firing employees

• CZ Discloses Portfolio Holdings With 98.48% In $BNB

  Binance founder says he’s “boring” with 1.32% of portfolio held in Bitcoin

• Bitwise Secures $70M To Support Crypto Asset Management

  Bitwise announces latest raise with backing from Electric Capital, MIT, & more

• Europe Seemingly Blocks High Value Crypto Transfers

  EU Coinbase users are being blocked from external transfers over 1,000 euros

Mints, Claims, Upcoming Events, & More

• Week Four of Abstract XP Reward Are Now Live

  Abstract users can now visit the ‘Rewards’ tab to view their Week four XP

• Last Day of Early User Badges For Monad Testnet

  Today is the last chance to be an earlier user for Monad’s testnet program

• Stakeland Adds New Requirement For $PAIN Eligibility

  Submitting wallets must hold at least 1 $PAIN to participate in Stakeland burn

• Pudgy Penguins Introduce Official Pengu Event For ETH Denver

  Temple Rave will be a multi-level rave on Friday, February 28th in Denver

• Portal Coin & Wasabi Set To Reveal Partnership Tomorrow

  More competitions are on the way as Wasabi & Portal tease announcement

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