Bitcoin surpasses $100k for the first time in history. This marks a defining moment in global finance. On the same day, U.S. crypto regulations send mixed signals. Major institutions continue to invest in crypto. Meanwhile, Bill Gates announces plans to donate nearly all his personal fortune. Here’s a concise summary of the key financial and global news from May 9, 2025.
Bitcoin Surpasses $100K: A Milestone in Crypto History
The cryptocurrency market surged sharply as Bitcoin (BTC) broke past the $100,000 mark. It is now trading around $103,600. This rally follows months of price consolidation. It has been driven by institutional inflows and improving investor sentiment.
Ethereum (ETH) has slightly corrected to $2,383 after a strong run due to the Pectra upgrade. Dogecoin (DOGE) rose by 14%, reaching $0.212. XRP also gained attention for its growing use in healthcare, with some analysts predicting a rise to $4.85.
U.S. Crypto Policy: Progress Meets Resistance
The U.S. Office of the Comptroller of the Currency (OCC) has approved crypto custody services for national banks. This move brings cryptocurrencies closer to mainstream finance.
Treasury Secretary Scott Bessent voiced support for new stablecoin laws. He claims they could boost demand for U.S. government bonds by up to $2 trillion. Still, the Senate rejected the GENIUS stablecoin bill, disappointing many in fintech and investment sectors.
At the same time, Democratic lawmakers introduced a proposal. It would ban government officials from holding or profiting from crypto. Many see it as a direct response to allegations involving former President Donald Trump.
Institutional Investment: Capital Keeps Flowing
Major institutions continue to pour money into crypto. Fidelity recently added $35.3 million worth of Bitcoin. BlackRock’s Bitcoin ETF is seeing $69 million in daily inflows.
Coinbase acquired Deribit, a crypto derivatives exchange, in a $2.9 billion deal. This expands Coinbase’s reach into the derivatives market.
Stripe launched a stablecoin account service in 101 countries. This move supports wider adoption of crypto in global payment systems.
U.S. States Turn to Bitcoin for Financial Reserves
Arizona and Texas announced plans to build state-level digital asset reserves. These will include Bitcoin. This reflects growing acceptance of crypto at the state level.
More states may follow as they see Bitcoin not just as an investment, but as a strategic reserve asset.
Global Trade: Recovery and Renewed Cooperation
Trade data released in May shows China’s exports rose by 8.1% in April. The growth was driven by strong demand from Southeast Asia. This offset export declines to the U.S. and Europe.
In another key development, the U.S. and UK signed a new trade agreement. The U.S. agreed to reduce tariffs on cars and metals. The UK lowered duties on American beef and ethanol. This deal strengthens economic ties between the two nations.
Bill Gates Pledges 99% of Personal Wealth to Philanthropy
Bill Gates announced that he will donate 99% of his personal wealth, worth an estimated $200 billion. He also confirmed plans to close the Bill & Melinda Gates Foundation by 2045.
The announcement sparked global discussions. People are debating the role of billionaires and private charities in wealth redistribution and development.
Political Shake-Up and a Historic Moment in Religion
President Donald Trump dismissed Carla Hayden, the Librarian of Congress. This move drew sharp criticism from Democrats. They accuse him of politicizing a traditionally independent position.
In Vatican City, Cardinal Robert Prevost was elected as Pope Leo XIV. He is the first American in history to hold this position. In his first speech, he called for peace and global unity. The message inspired renewed hope within the Catholic community.
Conclusion
May 9, 2025, stands out as a day of major shifts in finance, politics, and philanthropy. With Bitcoin surpassing $100k, institutional investments growing, and historic global events unfolding, the world is entering a new era.
Digital assets are gaining legitimacy. Governments are facing policy challenges. And individuals like Bill Gates are reshaping legacies. Together, these changes are redefining the foundations of global finance and leadership.
