Bitcoin Blasts Past $104K, Coinbase Joins S&P 500, and Saudi Arabia's $600B Blockchain Bet

Cryptocurrency News Today: Market Updates & Analysis podcast.

Hey crypto crew, Crypto Willy here with your essential rundown on all things blockchain and digital assets for the week leading up to May 20, 2025. Let’s dive right into the whirlwind of market moves, tech updates, and headline-grabbing plays making waves from Manhattan to the Middle East.

The big story this week? Bitcoin regained its bullish swagger, surging past the $104,000 mark as traders latched onto global M2 money supply trends. Analysts are keeping a keen eye on the $105,720 resistance, but with sentiment this upbeat, the “Omega Bull” phase might just be kicking in for the long haul. Gone are the crash fears for now—Bitcoin treasury companies are scooping up liquidity, serving as digital safes that seem to keep price dips at bay.

Ethereum, not to be outdone, closed in on $2,600, and traders are placing bold bets for ETH to reach $6,000 by year’s end. Altcoins like Solana and XRP kept pace, reflecting the broad industry optimism. Speaking of XRP, XenDex made headlines by rolling out its platform mockup and prepping for its first security audit, sparking a run on their $XDX token.

Now, here’s a first: Coinbase officially joined the S&P 500! This is a huge deal—seeing a crypto-native company embedded into traditional finance’s elite is another sign that digital assets are becoming part of the mainstream investment fabric.

Meanwhile, the meme coin craze is alive and well. The $TRUMP coin saw an influx of over $140 million, with top whales making headlines for dropping sometimes millions, apparently just for a dinner invite with Donald Trump. It’s a reminder that the intersection of pop culture and crypto can still move serious sums.

Across the globe, Saudi Arabia made waves with a staggering $600 billion investment plan aimed at AI and infrastructure, promising fresh capital for blockchain projects that connect these futuristic dots. YZi Labs, formerly Binance Labs, threw its hat into the innovation ring, launching a $500,000 program to support startups tackling Web3, AI, and healthcare—applications close soon, so founders, take note.

On the technical side, Bitcoin and Ether’s resilience contrasted sharply with traditional assets. As the S&P 500 tiptoed back into positive territory, and gold stumbled post-Moody’s U.S. credit downgrade, crypto looked like the place to be for bold investors.

One final nugget: Strategy’s STRK token outperformed both Bitcoin and the S&P 500 since its debut, turning heads with its yield and market differentiation.

That’s the pulse for this week, straight from the blockchain frontier. Whether you’re a HODLer or a quick-flipping degenerate, stay sharp—Crypto Willy’s got your back for every pump, dump, and everything in between. See you on the chain!

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