#加密概念美股 Coinbase Officially Becomes Component of S&P, Wall Street Admits Defeat

In the early hours of today, the crypto stock market welcomed an epic piece of good news—Coinbase (COIN) has officially been included in the S&P 500 index, with after-hours stock price soaring 10%. This marks not only the first time a crypto company has entered a mainstream financial index but also signifies Wall Street's complete capitulation: traditional capital must now concede 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 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, as just last year they sued Coinbase for "operating securities illegally," and now they tacitly allow its entry into the arena.