#加密概念美股 Coinbase added to the S&P 500, Wall Street officially concedes

Early this morning, 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 prices jumping 10%. This is not only the first time the crypto industry has entered a mainstream financial index, but it also signifies Wall Street's complete capitulation: traditional capital must give up pricing power for 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 accounting for 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 its entry into the mainstream.