PLUS: Coinbase Buys $2.9B Deribit

May 8, 2025

The biggest crypto news and ideas of the day 

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Welcome to The Node! This is Ben Schiller to take you through the latest crypto news. 

 

Here are the top stories from CoinDesk's reporters today:
Bitcoin Tops $100K for First Time in 3 Months; Are Upside Targets Too Low?
In $2.9B Deal, Coinbase Buys Deribit to Expand in U.S. Crypto Options Market

98% of Tokens on Pump.Fun Have Been Rug Pulls or an Act of Fraud, New Report Says
Sei Wants to Cut Cosmos Compatibility and Go All-In on Ethereum

In Depth: Senate Stablecoin Measure Hits a Snag
Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.