Spencer Ventures Daily Newsletter Wednesday, May 7th

• Markets See Another Volatile Day With Trade Talks & Fed Meeting

  Markets end the day in the green as Bitcoin looks to break through $97,500

• Interest Rates Remain Unchanged As Powell Warns of Tariff Effects

  Federal Reserve Chair shows no signs of rate cuts & warns of potential inflation

• Trump’s Upcoming Announcement Likely Tied To Medicare

  Trump’s “earth shattering” news is reportedly on new Medicare drug prices

• Stocks Jump Off The Back of Lifted Restrictions on AI Chip Exports

  Trump rescinds restrictions on AI chips, causing stocks like $NVDA to surge

• More Confusion Arises Around Talks With China

  Trump now says U.S. never reached out & that 145% tariffs will remain on China

• Google Stock Plummets After News of Apple AI

  $GOOGL drops nearly 10% as Apple reveals plans to bring AI to Safari browser

• Trump Says U.S. Economy Is About To Boom

  U.S. President makes post about cutting taxes & upcoming “boom” for economy

• CFTC Drops Appeal on Popular Prediction Market

  Kalshi escapes legal trouble as CFTC shows positive sign for prediction markets

• IRS To Lose 1 in 3 Tax Auditors From Recent Cuts

  Government services are dwindling as DOGE cuts cause reduction in IRS staff

• Stripe Introduces Stablecoin Accounts Tied To Fiat Balances

  Stripe users can now interchangeably use stablecoins & fiat for money transfers

• Pectra Upgrade Goes Live For Ethereum

  Pectra turns wallets into smart contracts with features like batch transactions

• Robinhood Plans For Blockchain-Based Trading Platform in Europe

  Robinhood looks to bring U.S. securities onchain with talks of Solana & Arbitrum

• Jupiter Announces Universal Send For Jupiter Mobile

  Uses can now send tokens to friends via transfers, gift links, or using QR codes

• Strive Management To Build Bitcoin Treasury

  Vivek Ramaswamy’s asset management firm now plans for $1B Bitcoin Treasury

• Citi Bank Plans To Bring Pre-IPO Market Onchain

  Citi Bank partners with Swiss Firm SDX to offer tokenized shares for pre-IPOs

• NFTs See Several Multi-Million Dollar Sales

  Ape CryptoPunk trades in OTC deal as XCOPY’s ‘Last Selfie’ sells for $1.15M

• Democrats Walk Out of Recent Crypto Policy Hearing

  Political sides clash as Trump’s personal crypto gains cause trouble in Congress

• Bitcoin Dominances Reaches 4-Year High

  Bitcoin market dominance has broken 65% as BTC continues to outpace others

• Vibes TCG Shares More Set 2 Spoilers

  Vibes reveal preview of ‘Wizard of the Deep’ as latest Legend of The Lils spoiler

• Memecoins Hint At Potential News Around Joe Biden

  Rumors circulate of Biden health scare as new memecoins see random surge

• DeFi Dev Corp. Announces Stock Split Amid Plans To Build SOL Treasury

  DeFi Dev Corp. reveals 7-1 stock split to bring outstanding shares from 2-14M

• Movement Labs Announces Termination of Co-Founder

  Rushi Manche gets removed from Movement with new leadership coming soon

• Solana DEX Volume Surpasses $800B in 2025

  Trading on Solana remains hot as chain nears $1T in volume over last 5 months

• Revoult Enables Bitcoin Payments For EU Users

  Major bank uses Lightning network to offer Bitcoin payments for 50M users

• Over $45M Gets Stolen From Recent Coinbase Scams

  ZackXBT shares new data as $45M+ is stolen last week via social engineering

• Forbes Highlights Recent Performance of Various NFT Projects

  Pudgy, Azuki, Claynosaurz, & more get featured in new Forbes article on NFTs

• Scott Bessent Highlights Importance of Digital Assets

  Treasury Secretary says digital assets will help push demand for U.S. dollar

• Crypto.com CEO Says $CRO ETFs Are Coming Soon

  Cronos ETFs seem on their way as 21Shares launches new ETP on Euronext

• MetaMask Now Allows Users To Import Several Seed Phases

  MetaMask users can now add multiple accounts with separate seed phrases

• Rekt Drinks Sells Out New Flavor In 40 Minutes

  Rekt shows crazy demand & sells 220K cans of Abstract Apple in under an hour

• MEXC Exchange Previews Ability For 1000x Leverage

  MEXC announces plans to offer increased leverage trading options up to 1000x

• $DOOD Set To Arrive May 9th With Binance Listing

  Doodles token drops on Friday as trading goes live on Binance Alpha & Futures

• World Liberty Financial Holds Poll on USD1 Airdrop

  Trump’s DeFi project opens vote for a potential USD1 airdrop for $WLFI holders

• Zeus Network Previews Ability To Stake $SOL & Receive $BTC

  Traders will soon be able to increase $BTC holdings by staking $SOL on Solana

• The Arena Introduces New Token Launchpad

  Arena Launch & Arena DEX are live as SocialFi users can easily create tokens

• Wasabi Announces New Looping Ability For Tokens

  Users can now increase rewards by looping deposited tokens for higher APY

• OpenLedger Hints At Potential Token

  OpenLedger Foundation account appears on X for next-gen AI blockchain

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