I Put $10K Into a Dead Altcoin

GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.

This week we have:

  • 🎙️Hot Off the Mic: Why I Put $10,000 Into This Dead Altcoin

  • 📰News: Bitcoin Breaks $100K Again

  • 🌟Narrative of the week: Ethereum’s Big Week

ftw success GIF
Crypto Market Overview
👻
Crypto Market Overview
GLOBAL MARKET CAP
$3.26T
5.60% (7d)
24H MARKET VOLUME
$203.69B
73.41% (24h)
BITCOIN'S DOMINANCE
62.65%
FEAR & GREED INDEX
70
Greed
Top Cryptocurrencies
Bitcoin (BTC)
$103,105.79
6.43% (7d)
Ethereum (ETH)
$2,350.23
28.11% (7d)

Data as of May 9, 2025 1pm UTC

NEWS📰

  1. 🟠 Bitcoin Breaks $100K Again

    Bitcoin has surged past $100,000 for the third time. Unlike past spikes, this move signals weaker BTC sentiment as altcoins like ETH are surging. Analysts link the rally to institutional ETF inflows, and Trump’s hint at a US-UK trade deal.

  2. 🔵 Coinbase to Acquire Deribit for $2.9B

    Coinbase is buying top crypto options platform Deribit for $2.9 billion. Deribit’s tech will integrate with Coinbase to boost onboarding and fiat access. The move mirrors Kraken’s recent $1.5B acquisition of NinjaTrader, signaling a broader exchange push into crypto derivatives.

  3. 🪙 Stripe Launches Stablecoin Accounts

    Stripe has introduced stablecoin based accounts in over 100 countries, enabling clients to send, receive, and hold USDC and USDB like traditional bank accounts. The move comes as global stablecoin demand rises, with market cap surpassing $231 billion.

  4. 🛠️ Ethereum Pectra Upgrade Goes Live

    Ethereum activated its Pectra upgrade on May 7, introducing smart accounts, higher validator staking limits, and improved scalability via more data blobs per block. The update improves UX and makes Ethereum more competitive with faster exits for stakers and cheaper L2 fees.

  5. 🇺🇸 New Hampshire Governor Signs Nation’s First Crypto Reserve Bill Into Law

    New Hampshire has officially become the first U.S. state to allow its government to invest in cryptocurrencies, including Bitcoin, after Governor Kelly Ayotte signed House Bill 302 into law on May 6. The bill permits the state treasury to invest in digital assets with a market cap over $500 billion.

Why I Put $10,000 Into This Dead Altcoin

In this week’s video, I’m sharing why I’ve been consistently buying this overlooked project for 2 years, why I’m so bullish, plus a quick update on altseason timing and the current macro outlook.

Narrative Of The Week: Ethereum’s Big Week

Ethereum had a huge week, Pectra went live, and the market finally responded. Here’s what happened:

Ethereum Meme GIF by Crypto Memes ::: Crypto Marketing

Pectra Upgrade Live: On May 7, Ethereum rolled out its biggest upgrade yet, introducing 11 EIPs focused on scaling, smarter staking, and smart account features.

ETH Price Action: ETH surged over 20% yesterday, breaking through $2,200 and flipping sentiment bullish.

EF Stays the Course: The Ethereum Foundation remains committed to scaling Layer 2s and improving UX while recents talks have been brewing on having a renewed focus on the Layer 1.

With momentum building and the EF staying focused, Ethereum’s run might just be getting started and if history repeats, that means an altseason could be right around the corner.

AIRDROPS 🪂

To Claim:

Dolomite (Users)
Zora (Platform Users)
Ethena (Season 3)
Initia (milkTIA and NFT holders)


To Farm:

Sonic: Formerly Fantom
Backpack: Spot and Futures Trading
Symbiotic: Restaking your ETH
Dolomite: Defi Looping
Contango: Defi Looping

 SOME TWEETS

MEME OF THE WEEK

TEMPERATURE CHECK📒

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