ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 8 May 2026
⏱️ 60 minutes
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| 0:00.0 | Bankless Nation is the first week of May. |
| 0:06.3 | We've got another all-time high week with the S&P 500 and the NASDAQ, dragging Bitcoin, ether, and the rest of crypto up with it. |
| 0:14.2 | I think the question, though, is with all the corporate earnings, with all the stocks at all-time high, is are things getting a little too frothy out there? |
| 0:21.3 | And I think the price of crypto might depend on the answer to that question. |
| 0:26.6 | Not just that, though, but also the Clarity Act got over a huge hurdle this week, which also |
| 0:30.8 | caused a bump in the crypto markets. The fight's not quite over yet. There are some still |
| 0:35.1 | hurdles that we need to get over. What is left to get |
| 0:38.1 | clarity signed by the new date of July 4th. It's also layoff season. It seems like big |
| 0:43.5 | announcement from Coinbase laying out four, laying off 14% of its staff. But at the same time, |
| 0:49.0 | we've got fundraise season. Two multi-billion dollar VC raises deployed directly into crypto. What's the counter-balast |
| 0:56.3 | here? Like, what's going to outweigh the other? Also, David, Michael Saylor? Is he selling? |
| 1:01.6 | Did he say that? Speaking of raising funds. Yeah. We also have an update on the Bitcoin |
| 1:07.4 | Strategic Reserve, the U.S. Strategic Reserve, and David, Ethereum Layer 1, it might be |
| 1:12.7 | back, David, okay? And that's a thing that you wanted to happen. You were talking about scaling |
| 1:16.6 | that one. I do want the layer one to come back. It looks like it's scaling. There was a meeting |
| 1:20.3 | of the devs in the Arctic Circle. This is real, actually. And out of that comes more, |
| 1:26.2 | ETH scaling. We'll talk about all that and more. |
| 1:28.3 | But first, let's get to crypto prices on the week. They've been okay, a little bit down at the |
| 1:34.7 | time of recording. What are we looking at? Yeah, the morning of recording, but really the week was |
| 1:39.1 | pretty good for Bitcoin up 4.5% this week. We cleared $80,000 yesterday with confidence. We got up to like $82,000 |
| 1:47.0 | at the peak yesterday. A little bit below that at the time of recording, but still overall a good |
| 1:51.2 | week. ETH up 1.2% on the week, a little bit more of a modest week for Eith. Like Ryan said, |
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