The crypto market continues to gain momentum thanks to a wave of positive news — from major Bitcoin acquisitions and Coinbase entering the S&P 500 to declining U.S. inflation and new steps toward global crypto integration.
Twenty One Capital Buys $458M Worth of BTC
Institutional interest in Bitcoin has once again been confirmed in practice: investment firm Twenty One Capital purchased 4,812 BTC worth approximately $458 million. This transaction ranks among the largest in 2025 and further solidifies the company’s position as one of the biggest public holders of BTC.
Notably, Twenty One Capital is a joint venture between Tether, SoftBank, and Cantor Fitzgerald. The company was formed through a SPAC merger with Cantor Equity Partners. At launch, the firm already held $3.6 billion in Bitcoin, making it the third-largest public company by BTC holdings, right after MicroStrategy and Tesla.
Analysts suggest this kind of institutional activity could act as a catalyst for the next leg of crypto growth — especially against the backdrop of improving macroeconomic indicators.
U.S. Inflation at Lowest Level Since 2021
A key macroeconomic driver boosting market optimism was the latest data from the U.S. Bureau of Labor Statistics. For April, the annual inflation rate stood at 2.3%, the lowest level since February 2021. For comparison, inflation was 2.4% in March, and analysts had also forecasted 2.4%.
The drop in inflationary pressure strengthens the case for the U.S. Federal Reserve to cut interest rates in the coming months. This, in turn, boosts investor appetite for risk assets, including cryptocurrencies.
Coinbase Becomes First Crypto Exchange in the S&P 500
May 19 will mark a historic milestone for the crypto industry — Coinbase will officially be included in the S&P 500 index, becoming the first cryptocurrency exchange** to achieve such recognition.
The S&P 500 includes the largest public companies in the U.S. and serves as a benchmark for investment funds, pension systems, and institutional investors. Coinbase’s inclusion not only elevates its market reputation but also makes its stock available to billions of dollars in passive capital.
According to analysts, this event represents the final stamp of legitimacy for crypto as a mature and integral part of the global financial system.
Dubai Approves Crypto Payments for Government Services
The Dubai Department of Finance has signed an agreement with crypto exchange Crypto.com, enabling residents of the emirate to pay for government services using cryptocurrency.
This includes the ability to use crypto assets to pay taxes, fees, fines, and other government-related charges. The move positions Dubai as one of the world’s leaders in blockchain and digital asset integration at the governmental level.
TRON ETF in the Works: Cboe Files Application
Another noteworthy development came as U.S. exchange Cboe filed an application with the U.S. Securities and Exchange Commission (SEC) to list an ETF based on the TRON (TRX) cryptocurrency. The proposed fund, developed in collaboration with Canary Capital, would be the first ETF of its kind built on the TRON network.
If approved, it could mark a major step forward in the institutionalization of altcoins and the expansion of crypto investment products in the traditional financial market.
The crypto market is showing increasing strength and maturity: inflation is falling, institutions are buying Bitcoin, major exchanges are joining top stock indexes, and cities like Dubai are embracing digital assets. Together, these developments form a strong foundation for a potential continuation of the bull trend.
