Spencer Ventures Daily Newsletter Wednesday, February 5th

Daily Market Movers

News & Current Events

• Crypto Markets Grind Lower As Bitcoin Falls Back To $96K

  Markets continue to chop as most tokens see falling prices after recent bounce

• FDIC To Revisit Guidelines & Allow Banks To Engage in Crypto Activities

  Banks may soon be able to custody crypto as FDIC officials discuss guidelines

• Elon Musk Suggests Putting U.S. Treasury On The Blockchain

  Musk looks to promote transparency by putting U.S. Treasury on the blockchain

• SEC’s Top Crypto Litigator Gets Reassigned To IT Department

  SEC begins to pullback crypto enforcement with new departmental changes

• Ethereum ETFs See Third Largest Day of Inflows

  Crypto ETFs show strength as ETH ETFs hit $308M of inflows on February 4th

• $PAIN Presale Sends Back 80% of Deposits

  After raising over $40M, $PAIN will send back 80% & use 20% for presale

• 1kx Reveals Thesis Behind Investment In Ronin

  Crypto investment firm becomes a top $RON holder through open market buys

• Hong Kong Legislator Pushes For Quicker Decision on Bitcoin Reserve

  Johnny Ng urges Hong Kong to speed up study on a Strategic Bitcoin Reserve

• MicroStrategy Updates Name To Strategy

  MicroStrategy drops the “Micro” and officially changes name to “Strategy“

• BlackRock Planning To Launch Bitcoin ETP in Europe

  BlackRock to expand Bitcoin offerings with upcoming ETP launch in Europe

• Discussions Arise Surrounding Bitcoin & Long-Term Plan

  Critics are coming for Bitcoin with worries on security & future mining incentives

• Gold Nears $3,000/oz Amid Continued All-Time Highs

  Gold maintains strength as current price reaches new high over $2,880/oz

• Standard Chartered Bank Gives New Bitcoin Prediction

  $870B asset manager says Trump can send Bitcoin to $500,000 by end of term

• Playember Launches Pudgy Penguin Game on Abstract

  Pudgy Life can now be downloaded as new game features Pudgy Penguins IP

• Coinbase Continues To See Issues With Solana Transactions

  More reports arise regarding Coinbase and delayed transactions on Solana

• Blast Provides Details Behind Yield Incentives

  Blast uses Maker yield & incentives for 78.8% APY on USDB for BLAST holders

Mints, Claims, Upcoming Events, & More

• Berachain Opens Wallet Checker & Releases Tokenomics

  Users can now check their $BERA allocations as 48.9% goes to community

• MegaETH Introduces Soul-Bound NFT Collection

  NFTs will be 1 ETH for whitelisted wallets & will equal 5% of MegaETH network

• Pudgy Penguins Burn 13.69% of Total $PENGU Supply

  Over $130M gets burned after Pudgy sends unclaimed tokens to burn address

• Vibes Joins SCG CON Tour To Host Several Learn-To-Play Events

  Vibes will be hosting events in Portland, Charlotte, Denver, & Minneapolis

• Defi Llama Launches Universal Airdrop Checker For SOL & EVM Wallets

  Users can now enter SOL or EVM wallets & see what airdrops they qualify for

• Kaito Teases Pudgy Penguins Integration Coming Tomorrow

  Users may soon be able to earn Yaps from posting about Pudgy or $PENGU

• Beeple Introduces Next Chapter of Human One With Hidden Prizes

  A seed phrase can be found in Beeple’s new video, giving access to two NFTs

• NFT Paris Takes Place Next Weekend

  NFT communities come together February 13-14th for events in Paris, France

• Player Claims Open For Sam Spratt’s Masks of Luci

  Claims are open for Masks of Luci as Sam Spratt shows off latest masterpiece