The recent earnings report from Cloudflare (NET), a major player in internet infrastructure and security, has sent ripples through both the stock and cryptocurrency markets. On May 8, 2025, Cloudflare released its latest earnings snapshot, which revealed a strong performance exceeding analyst expectations for revenue and user growth, as shared by Brad Freeman on social media via StockMarketNerd. The stock surged by 8.3% in after-hours trading, reaching a price of $82.45 per share by 6:30 PM EST on the same day. This bullish momentum in NET, a company deeply tied to internet scalability and Web3 infrastructure, has sparked interest among crypto traders, particularly for tokens associated with decentralized cloud services and blockchain scalability solutions. As Cloudflare’s services underpin many blockchain projects and decentralized applications (dApps), this earnings beat signals potential growth in the adoption of Web3 technologies. The broader stock market context also plays a role, as the S&P 500 gained 0.7% on May 8, 2025, closing at 5,187.67, reflecting a risk-on sentiment among investors at 4:00 PM EST. This positive momentum in traditional markets often correlates with increased appetite for high-growth assets like cryptocurrencies, setting the stage for potential cross-market opportunities. For crypto traders, this event underscores the importance of monitoring stock market developments, especially for companies like Cloudflare that intersect with blockchain infrastructure. The trading volume for NET spiked by 12% in after-hours trading, with over 1.2 million shares exchanged by 7:00 PM EST, indicating strong institutional interest that could spill over into related crypto sectors.

From a trading perspective, the Cloudflare earnings beat has direct implications for crypto assets tied to decentralized infrastructure and scalability. Tokens like Filecoin (FIL), which focuses on decentralized storage, saw a 4.2% price increase to $6.85 by 8:00 PM EST on May 8, 2025, with trading volume surging by 18% to $320 million across major exchanges. Similarly, Arweave (AR), another token linked to permanent data storage, climbed 3.9% to $38.50 during the same timeframe, with a notable volume increase of 15% to $95 million. These movements suggest that traders are rotating capital into crypto projects that align with Cloudflare’s domain of internet infrastructure. Cross-market analysis reveals a growing correlation between NET’s stock performance and these tokens, as institutional investors often view them as complementary investments in the broader digital transformation narrative. For traders, this creates opportunities to capitalize on momentum in pairs like FIL/USDT and AR/USDT, especially on exchanges like Binance and Coinbase, where volume spikes were most pronounced by 9:00 PM EST. However, risks remain, as a potential pullback in NET’s stock price could trigger profit-taking in these crypto assets. Monitoring NET’s opening price on May 9, 2025, will be critical to gauge whether the bullish sentiment sustains and continues to fuel crypto market inflows.

Diving into technical indicators, Filecoin (FIL) is showing bullish signals on the 4-hour chart as of 10:00 PM EST on May 8, 2025, with the Relative Strength Index (RSI) at 62, indicating room for further upside before overbought conditions. The 50-day moving average (MA) for FIL stands at $6.50, and the price breaking above this level at 7:30 PM EST confirms short-term bullish momentum. For Arweave (AR), the RSI is slightly higher at 65 on the same timeframe, with a key resistance level at $40.00 yet to be tested. On-chain metrics further support this momentum, as FIL’s daily active addresses increased by 9% to 45,000 by 11:00 PM EST, signaling growing network activity. AR’s on-chain transaction volume also rose by 11% to $12 million in the past 24 hours ending at midnight EST. In terms of stock-crypto correlation, NET’s 8.3% surge aligns with a 3-4% uptick in related crypto tokens, reinforcing the interconnectedness of these markets. Institutional money flow appears to be a driving factor, as crypto market inflows reached $180 million on May 8, 2025, according to data shared by industry analysts on social platforms. This suggests that hedge funds and large players are diversifying between tech stocks like NET and crypto assets, especially those tied to Web3 infrastructure. Traders should watch for volume changes in crypto-related ETFs like BITO, which saw a 5% increase in trading volume to 2.1 million shares by 5:00 PM EST, as a proxy for institutional sentiment. Overall, the Cloudflare earnings event highlights a unique trading window for crypto assets, provided traders remain vigilant of stock market volatility and broader risk appetite shifts.