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Daily Brief

ETH's Best Day Since 2021

Citizen Brief: Crypto markets exploded today and there's bullish news everywhere you look.
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May 8, 20253 min read
ETH's Best Day Since 2021
Published on May 8, 2025
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Sponsor: Mantle — Mantle is building the largest sustainable hub for onchain finance.

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NEED TO KNOW
Bullish Momentum
  1. 💸 Stripe Launches 'Stablecoin-Powered' Accounts. The payments giant completed its $1.1B acquisition of Bridge in February.
  2. 💰 Coinbase is Buying Deribit for $2.9B in Record Deal. The mostly-stock deal for the derivatives exchange is the largest crypto acquisition ever.
  3. 🟠 Bitcoin Crosses $100K for First Time Since February. Juiced by hope of a trade deal, BTC once again crossed the significant barrier.
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Daily Market Snapshot: BTC back above $100K, ETH's best day since 2021, the biggest crypto acquisition of all time, and Meta back to building a stablecoin??? All in a day's work.
Prices as of 6pm ET 24hr 7d
Crypto $3.23T ↗ 7.9% ↗ 7.0%
BTC $102,973 ↗ 6.0% ↗ 6.5%
ETH $2,175 ↗ 20.6% ↗ 17.8%
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CHEAT SHEET
Superstacks

Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇

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PLAY OF THE WEEK
The Hottest Altcoins to Watch in May
Bankless Analyst: Jack Inabinet

Crypto thrives on chaos, and in April, five altcoins stole the spotlight with price swings that were anything but subtle.

From AI-fueled agent economies to penguin-powered memetic machines and scandal-scarred blockchains, the markets didn’t sleep – and neither should you! Whether you’re hunting the next moonshot or dodging the next rug, these five tokens that defined April are worth paying attention to in the month ahead.

Today we’re diving into the biggest winners, the hardest losers, and the wild catalysts behind April’s most explosive altcoin stories. 👇


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CITIZEN-ONLY TOKEN RATING
May of the Penguins?
Bankless Analyst: Jack Inabinet

Every week, our analyst team gives bullish or bearish ratings on new tokens. Get access to our PENGU rating in the Token Hub by becoming a Citizen! 👇

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.