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

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

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, as just last year they sued Coinbase for "operating securities illegally," but now they tacitly allow it to enter the mainstream.