🌙 Ethereum Leads Crypto Rally

ETH jumped 13% as the ETH/BTC ratio surged to a six-week high. BTC, XRP, and SOL also gained 2%, 5%, and 7%, respectively.

Crypto Roundup - May 9

Ethereum outpaced Bitcoin this week, leading a broader crypto market rally as investors reposition around its growing narrative post-Dencun. Meanwhile, Marathon Digital’s stock surged on optimism around cost efficiencies despite weak earnings, and the Trump family drew attention after profiting over $320M from a controversial memecoin—now down nearly 90% since launch.

Top Stories

  • Ethereum posts strongest rally against Bitcoin since May 2024, fueled by renewed institutional interest and Dencun-driven scaling optimism.

  • Marathon Digital’s stock jumps over 12% after analysts back its aggressive cost-cutting strategy, despite a quarterly earnings miss.

  • Trump family nets $320M from a now-plummeting memecoin, sparking backlash over transparency and token distribution fairness.

SPONSORED BY

Private Markets Aren’t Just for the 1% Anymore.

Institutions invest billions into private markets because they may provide superior market positions and steady cash flow, even in a shaky market–now you can too.

For the first time ever, elite private assets are available to all investors for as little as $500 with Hamilton Lane Private Infrastructure Fund.

*Source: Hamilton Lane data, Bloomberg as of January 2024. Past performance is not a guarantee of future returns.
All securities come with specific risks not limited to a total loss of your investment. Past performance is not indicative of future results. Please review the risks specific to this investment on the HLPIF deal page hosted on Republic.com/hlpif

TOP STORIES

FUNDRAISING

OTHER HEADLINES

CRYPTO TWITTER (X)

FOLLOW US ON SOCIAL

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 110,000 investors and crypto degenerates who read Midas Crypto Daily!