Spencer Ventures Daily Newsletter Wednesday, April 30th

• Markets Rally To Close The Day Green

  BTC remains at $95K as stocks flip green after reports of trade-talks with China

• U.S. Faces Stagflation Worries Following PCE Data

  PCE shows prices are up 2.3% YoY as GDP data shows economy isn’t growing

• U.S. & Ukraine Reach Deal on Rare Minerals

  U.S. Treasury confirms Ukraine deal as sign of backing in fight against Russia

• Chinese Media Reports U.S. Has Reached Out For Trade Negotiations

  Reports say the U.S. has initiated talks with China over a potential trade deal

• U.S. Recession Looms As GDP Falls in Q1 2025

  Annualized U.S. GDP showed -0.3% today after expectations of a +0.3% growth

• Trump Puts Current Market Blame on Biden

  Trump says “This is Biden’s Stock Market” as U.S. economy takes another hit

• China Reduces Tariffs on Key U.S. Goods

  China has created a list of key U.S. goods to make exempt from 125% tariffs

• U.S. Tech Stocks Jump After Releasing Q1 Earnings

  Microsoft & Meta both surge 5-7% as Q1 earnings show strong performances

• Ripple Offers To Purchase $USDC Provider Circle

  Circle has rejected an offer from Ripple to acquire the company for $4-5B

• Movement Labs Under Fire After Shady Token Deals

  New findings show Movement at the front of a major pump and dump scandal

• SEC Receives Proposal To List & Trade Equity Securities on Solana

  Project Open looks to increase transparency & lower costs with equities onchain

• FIFA Plans To Launch EVM-Compatible Blockchain

  FIFA will now create their own EVM blockchain to house their digital collectibles

• Boopdotfun Shares More Information on Token Launchpad

  $BOOP stakers will receive 5% of new token supplies & 60% of SOL LP fees

• TON Foundation Announces $500M Tokenized Bond Fund

  TON partners with Libre to bring $500M of Telegram bonds to TON via $TBF

• SoFi Technologies Plans To Bring Back Crypto Trading

  SoFi says crypto trading will return for 10M clients after getting dropped in 2023

• Visa Brings Stablecoin Payments To U.S. & Latin America

  Visa expands stablecoin use with Fuse Card in U.S. & Bridge partnership in L.A.

• Bloomberg Analysts Share Expected Odds of Future Crypto ETFs

  ETF analysts give Solana & XRP the best chances at approval with 90% odds

• North Carolina’s Strategic Bitcoin Bill Passes The House

  More states join the race for a Bitcoin Reserve as North Carolina’s bill moves on

• Coinbase Offering Up To $1M $USDC in Bitcoin-Backed Loans

  U.S. Coinbase users (ex. NY) can borrow up to $1M using Bitcoin-backed loans

• MetaMask Integrates $XRP Through Latest Update

  Ripple is now supported & viewable on MetaMask with the XRPL EVM sidechain

• Moriusa NFTs Partner With Japan’s Largest Online Marketplace

  New NFT collection on ETH announces NFTs can now be bought on Mercari

• Magic Eden Integrates Avalanche Assets

  ME users can now trade assets on Avalanche as latest chain to join marketplace

• SEC Closes Investigation Into PayPal’s Stablecoin $PYUSD

  SEC will no longer pursue PayPal after ending investigation into their stablecoin

• Redacted Announces TGE on May 13th

  Long-awaited $RDAC arrives May 13th as Redacted team prepares for launch

• Goblintown Releases Flagship Video Game For Early Access

  Goblintown: Really Hard Driving Game is now playable on Steam & Epic Games

• 12 CryptoPunks To Be Included in Toledo Museum of Art

  Numerous CryptoPunks will be shown at an upcoming art exhibition on July 12th

• Grant Yun Puts 20 1/1 Art Pieces Up For Auction

  24-hour art auctions are underway on Grant Yun 1/1s with bids reaching 10 ETH

• Coinbase Announces New Additions To Listings Roadmap

  Worldcoin (WLD) & Mantle (MANTLE) have been added to Coinbase’s roadmap

• Onchain Foundation Adds Pudgy Penguins To Whitelist Allocations

  Pudgy joins Doodles as both communities gain spots for Founding Membership

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