Spencer Ventures Daily Newsletter Wednesday, May 28th

• Markets Pull Back As Global Trade War Picks Back Up

  Stocks & crypto are red across the board as Trump makes new tariff comments

• Prediction Markets Show Decreasing Odds For Rate Cuts

  Kalshi predicts the U.S. will now cut rates less than 2 times for the rest of 2025

• Friction Continues To Build Up Between The U.S. & China

  Trump has now ordered U.S. technology chip designers to stop sales to China

• U.S. Home Prices Drop For First Time in 2 Years

  Average home prices see the first decline in years as March numbers come in

• Top Companies Impress With Q1 Earnings Reports

  Nvidia & SalesForce both beat expectations as stock prices jump off the news

• Florida Signs Bill To Recognize Gold & Silver As Legal Tendor

  Gold & Silver can now be used as legal tendor at the state level in Florida

• GameStop Announces Purchase of 4,710 Bitcoin

  The gaming company spent over $500M as they look to build their BTC treasury

• Circle Freezes Funds Tied To $LIBRA Scandal

  $57M USDC has been frozen after a court order was requested by Burwick Law

• U.S. Labor Department Removes Warning Against Crypto

  The U.S. has now withdrawn a 2022 warning against having crypto in a 401k

• BlackRock Looks To Acquire 10% of Circle IPO

  The asset manager has disclosed plans to raise up to $624M to acquire shares

• VivoPower Raises $121M To Build XRP Treasury

  VivoPower will look to create the first XRP treasury among public companies

• Pakistan Announces Launch of Strategic Bitcoin Reserve

  Pakistan thanks the U.S. for inspiration as they create their own Bitcoin Reserve

• 21Shares Files For Dogecoin ETF

  Traditional investors may soon be able to gain exposure to DOGE through ETFs

• Hyperliquid Trader Goes Negative After $80M in Profits

  Jame Wynn drops to -$1.5M after sitting on over $80M in profit just last week

• New Jersey Signs Deal To Tokenize Property Deeds on AVAX

  Bergen County, NJ makes 5-year deals with Balcony to tokenize 370K deeds

• JD Vance Says Non-Crypto Regulators Will Be Fired

  The VP takes the stage at Bitcoin Vegas and shares importance of digital assets

• Square Looks To Integrate Bitcoin Payments

  Block will soon launch Bitcoin payments on Square using the Lightning Network

• Cantor Fitzgerald Officially Launches Bitcoin-Backed Loans

  The company has completed the first transactions of their $2B loan program

• ETH ETFs See Highest Inflows in Months

  ETF ETFs had $273M of inflows over last 5 sessions with $110M on May 22nd

• Senator Lummis Says Bitcoin Act Hits Congress Next Week

  Congress will soon review the new bill that would allow the U.S. to buy 1M BTC

• FTX Prepares For $5B in Creditor Distributions

  The bankrupt crypto exchange will send out $5B worth of claims on May 30th

• Strive CEO Calls on Meta To Buy Bitcoin

  Matt Cole advises Mark Zuckerberg & Meta to put $BTC on their balance sheet

• NYC Mayor Reveals Plan To Issue Bitcoin Bonds

  Eric Adams says NYC will look to offer Bit Bonds as an alternative to treasuries

• Travel Swap Introduces Flights Paid Through Crypto

  The travel agency says users are now able to pay for flights & hotels with crypto

• Claynosaurz To Launch Popkins Tomorrow on Sui

  Claynosaurz expand to Sui with new 25k collection for $200 USDC each

• Myriad Rewards Users With $140,000 Worth of $WCT

  Myriad partners with Wallet Connect and sends out $WCT tokens to top users

• Sophon Launches $SOPH on Layer 2 Chain

  $SOPH claims are now live as token comes out the gate around $800M FDV

• Wallet Connect To Airdrop Tokens To Jupiter Users

  Select Jupiter users on Solana will soon be able to claim an allocation of $WCT

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