Spencer Ventures Daily Newsletter Tuesday, February 4th

Daily Market Movers

News & Current Events

• Crypto Markets Fall Back After Short-Lived Rally
  Crypto majors are down 3-5% as market continues to see big price swings

• SEC Launches Crypto Task Force & Shares Areas of Focus

  U.S. government moves toward addressing crypto laws with list of current tasks

• Trump Considers Bitcoin Reserve Separate From Sovereign Wealth Fund

  Trump’s crypto czar says a Bitcoin Reserve will be one of their first evaluations

• SEC Looks To Reduce Crypto Enforcement Unit
  The SEC will be reassigning over 50 lawyers currently working on crypto cases

• FTX To Begin Claim Distributions on February 18th
  Claims under $50,000 will begin to be paid back by FTX starting in two weeks

• XRP Goes Offline & Momentarily Stops Producing Blocks
  XRP is back online after experiencing roughly an hour of network downtime

• SEC Commissioner Says Buying Tokens Should Be Up To Investor
  Hester Peirce says people should be free to buy tokens with no long-term value

• $ENRON Token Launches on Solana

  Enron “returns” to launch memecoin as token runs to $700M & quickly falls 70%

• China Fights Back With New Tariffs on U.S. Imports

  China imposes 10-15% tariffs on U.S. imports as retaliation for tariffs from U.S.

• David Sacks Says Stablecoins Will Help U.S. Dollar

  The head of crypto for Trump’s administration highlights benefit of stablecoins

• Taproot Wizards Raise $30M From Series A Round

  Bitcoin Ordinals team raises $30M to build OP_CAT & grow Bitcoin functionality

• Blur Updates NFT Royalties To 0%

  Blur royalties get removed as platform competes with new OpenSea campaign

• Ethereum Nears Inflation As Post-Merge Burn Effects Get Fully Reversed

  ETH supply is back at pre-merge levels as Dencun Upgrade causes supply shift

• Base Uses Farcaster Frames To Support Builders
  Base looks to back their builders with new integration of social app, Farcaster

• Adin Ross Host Stream on Crypto Memecoins

  Streamer, Adin Ross, joins Frank, ThreadGuy, & more to talk memecoins

• Helium Mobile Introduces First-Ever Free Phone Plan
  Helium makes headlines as they use their decentralized network to drop costs

• Speculation Grows Over Doodles Collaborating With The Weekend

  Recent Doodles posts seem to hint at a potential collab with The Weekend

• FaZe Banks Proposes Memecoin Trading Competition

  Popular gamer & streamer gives competition idea for top memecoin traders

Mints, Claims, Upcoming Events, & More

• $PAIN Presale Closes After Team Raises $40M
  Hide the Pain Harold raises 180K $SOL as largest memecoin presale on Solana

• Pudgy Penguins To Burn ~14% of $PENGU Supply Tomorrow
  Nearly 14% of $PENGU supply will be burnt tomorrow as tokens go unclaimed

• Berachain Set To Officially Launch on February 6th
  Berachain will go live in two days after securing billions in pre-launch deposits

• Abstract Releases First Week of XP Rewards

  Abstract users can visit the ‘Rewards’ tab to view their total XP earned so far

• PartnersDAO Reveals Presale Allocations
  More drama ensues after PartnersDAO releases details on upcoming presale

• Nifty Island Teases $ISLAND on Other Chains
  $ISLAND looks to expand as team says more chains are will be coming soon

$PENGU Claims Tracker (Last Day!)