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

In the early hours of today, the crypto stock market welcomed an epic positive development—Coinbase (COIN) has been officially included in the S&P 500 index, with after-hours stock price soaring by 10%. This not only marks the first time the crypto industry has entered a mainstream financial index but also signifies Wall Street's complete capitulation: traditional capital must give way to on-chain assets' pricing power.

Data shows that Coinbase currently has a market capitalization of $65.4 billion, holding 890,000 BTC (4% of the circulating supply), with Q1 trading revenue of $1.26 billion and institutional clients accounting for over 60%. This move directly counters the SEC, considering they sued Coinbase for "operating securities illegally" last year, yet now tacitly allow its entry into the mainstream.