#加密概念美股 Coinbase is officially included in the S&P index, Wall Street officially concedes

This morning, the cryptocurrency stock market welcomed an epic positive development—Coinbase (COIN) was officially included in the S&P 500 index, with an after-hours stock price surge of 10%. This marks the first time in history that the cryptocurrency industry has entered a mainstream financial index, and it means that Wall Street has completely bowed down: traditional capital must give up pricing power over on-chain assets.

Data shows that Coinbase currently has a market value 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 accounting for over 60%. This move directly slaps the SEC in the face, after all, they sued Coinbase last year for 'operating securities illegally', but now they tacitly allow its entrance.