#加密概念美股 Coinbase becomes a component of the S&P, Wall Street officially concedes

Early this morning, the crypto stock market welcomed an epic positive development — Coinbase (COIN) was officially included in the S&P 500 index, and its after-hours stock price surged by 10%. This is not only the first time the crypto industry has entered a mainstream financial index, but it also signifies that Wall Street has completely bowed down: traditional capital must give way to the pricing power of on-chain assets.

Data shows that Coinbase currently has a market capitalization of $65.4 billion, with a custody of 890,000 BTC (accounting for 4% of the circulating supply), and Q1 trading revenue of $1.26 billion, with institutional clients making up over 60%. This move directly slaps the SEC in the face, especially since last year they sued Coinbase for "operating securities illegally," yet now they tacitly allow it to enter the arena.