Spencer Ventures Daily Newsletter Tuesday, May 13th

• Markets Show Strong Performances After Positive Inflation Data

  Stocks & crypto both have big days following news around CPI & trade deals

• April CPI Data Shows Falling Inflation

  CPI comes in below expectations at 2.3% to mark 3rd straight monthly decline

• S&P 500 Records 3rd Best Day Over Last 5 Years

  Stocks continue to soar as the S&P 500 now sit roughly 4% off all-time highs

• Trump Signs $600B Investment Deal With Saudi Arabia

  Saudi Arabia seemingly breaks away from BRICS after new deal with the U.S.

• Global Debt Reaches New All-Time High

  The total debt around the world has now hit $324T led by the U.S. and China

• Long-Term Bond Yields Hit 18-Year High

  Investors continue to sell long-term bonds as rising yields show U.S. uncertainty

• Trump to Reveal Latest Trade Deal After Return From Middle East

  More trade deals will soon be announced as Trump shows progresses on tariffs

• Markets Now Pricing In Only Two Rate Cuts For 2025

  Trump continues to call on Powell for rate cuts as Kaslhi predicts 2 cuts in 2025

• Microsoft Announces Plans To Cut 3% of Workforce

  Microsoft fires 7,000 employees for “organizational changes” amid growth in AI

• Fear & Greed Index Returns To Greed

  Fear has left the markets as S&P 500 officially flips green since the start of 2025

• U.S. Trade Representative Says Chinese Tariffs Could Return

  Jamieson Greer says Chinese tariffs can go back up if things don’t work out

• UnitedHealth Stock Plummets After Unexpected News

  $UNH falls over 45% this month & loses $300B in value as CEO steps aways

• Trump Brags About Current Market & Says Stocks Will Go Higher

  U.S. president expect markets to continue gains following more trade deals

• Japanese Stocks Sees Longest Winning Streak Since 2009

  Japan’s stock market hits 13th green day in a row for longest streak in 16 years

• Alt Coins Outperform Current Market Led By Ethereum

  ETH jumps 50% over the last week as XRP & SOL both see over 20% gains

• Yuga Labs Sells CryptoPunks IP To Infinite Node Foundation

  CryptoPunks get acquired by a non-profit as reported sale comes in at $20M

• Twenty One Capital Buys $458M Bitcoin

  Jack Mallers’ new company announces purchase of 4,812 Bitcoin for $458M

• Robinhood Acquires Canada’s Top Crypto Platform

  Robinhood buys WonderFi for $180M to grow their crypto presence in Canada

• VanEck Introduces Tokenized U.S. Treasury Fund

  VanEck’s $VBILL will now be available for trading on SOL, AVAX, BNB, & ETH

• Trump Family’s American Bitcoin Announces Plans To Go Public

  ‘American Bitcoin’ merges with Gryphon Digital Mining with public launch in Q3

• GD Culture Group Announces Plans For Crypto Reserve

  The company will sell up to $300M shares to fund a Bitcoin & $TRUMP treasury

• Dubai To Accept Crypto Payments For Government Services

  Dubai & Crypto.com partner to allow government services to be paid in crypto

• Coinbase Wallet Introduces Encrypted Messaging

  Users can soon talk to AI Agents, make trades, & use mini apps all within chats

• SEC Delays Decision on Spot Solana ETF

  Grayscale’s spot Solana ETF gets delayed as market awaits potential approval

• Abraxas Capital Buys $500M Worth of Ethereum

  A London-based asset manager has now bought 211,030 $ETH over last 6 days

• Another Crypto Kidnapping Attempt Takes Place in France

  Daughter of a crypto company CEO gets attacked & almost kidnapped in Paris

• U.K. Launches First Institutional Grade Crypto Derivatives Exchange

  GFO-X goes live in the U.K. to offer government-cleared BTC futures & options

• Trump Family Confirms No Plans For Truth Social Memecoin

  Donald Trump Jr. denies rumors of plans to launch a memecoin for Truth Social

• Vibes TCG Expands Partnership With Star City Games

  SCG CONS will now feature $1K tournaments along with sales of Vibes singles

• Animoca Brands Plan For U.S. Public Listing

  Animoca Co-founder reveals plans to go public with previous valuation of $6B

• DeFi Development Corp Makes Largest Solana Purchase To Date

  The public company adds $23.6M worth of $SOL to bring treasury over $100M

• Doodles Launch Creative Music Studio

  ‘Take Your Medicine’ officially launches with work from Pepsi, Disney, & more

• Open Interest on Hyperliquid Reaches Another All-Time High

  Activity on Hyperliquid continues to grow as open interest hits new high of $6.7B

• Solana Releases 26 Page Report on Internet Capital Markets

  Solana tries to bring traditional finance onchain with report on tokenized equities

• Sui Network Is Now Live on Phantom Wallet

  Phantom users can now access the Sui network with apps, swaps, & more

• Perpl Raises $9.5M For Perp DEX on Monad

  Perpl looks to be the trading hub on Monad with new round led by Dragonfly

• Country of Bhutan Partners With Binance To Integrate Crypto Payments

  Bhutan reveals world’s first crypto tourism payment system using Binance Pay

• Curve Finance Responds After Users Get Redirected To Malicious IP

  Curve updates website domain after previous domain led users to exploited site

• Another Celebrity Memecoin Lawsuit Gets Dismissed

  Caitlyn Jenner has legal case dismissed after court notes lack of jurisdiction

• Refik Anadol Sells Out Art Collection in 25 Minutes

  1,000 digital art pieces were sold at $5K each as ‘Biome Lumina’ raises $5M

• Virtuals Introduce Staking To Unlock New Rewards

  AI protocol on Solana & Base opens staking for Virgen Points & future Airdrops

• Vibes Prepare For American Championship This Weekend

  Vibes share more Set 2 spoilers ahead of $20K tournament in Hartford, CT

• Pudgy Penguins Partner With Adam Bomb For ‘The Hundreds’ Release

  ‘The Hundreds’ reveal new collection set to be released May 14th at 9PM PST

• Abstract Token To Go Live In Q4 This Year

  Luca gets asked about $ABS launch and says before end of year makes sense

• Redacted Opens Claims & Trading For $RDAC

  $RDAC is now live as token launches on Base with current market cap of $60M

• Solana Name Service Goes Live With $SNS

  Solana domain holders (.sol) can now claim $SNS allocations for their holdings

• Coinbase Teases Several New Tokenized Products

  Coinbase says cbADA, cbDOGE, cbLTC, & cbXRP will all be available soon

• LaunchCoin Surges to $185M After +900% Day

  LaunchCoin nears $200M market cap after sitting at $7.5M just two days ago

• Meebit Wearables Now Available on Opensea

  Meebits open mint for digital wearables alongside a new Bits Rewards program

• Viral App Developer Launches Snake Game on Solana

  $NOODLE jumps to $19M MC as ‘internet capital markets’ narrative heats up

• Upcoming Pudgy Penguins Game on TON Nears 1M Signups

  Pengu Clash opens pre-registration with 600K signups as game launchs at 1M

• Monster Capsules Launch on Abstract May 21st

  AI Agent battler reveals 750 Capsules will be minted on May 21st for 0.125 ETH

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