[IMPORTANT: #Coinbase Rises to Record High Despite June Inflation Data Impacting Other Crypto Stocks]

🤖 The S&P 500’s sole #crypto stock, Coinbase, hit an all-time high of $400.88 despite elevated June inflation figures dampening hopes for early Fed rate cuts. While Coinbase and #Robinhood stocks showed resilience, most other crypto stocks, including major #Bitcoin miners and stablecoin issuers, experienced declines. The report highlights growing institutional acceptance of crypto via Coinbase’s entry into the S&P 500 and mixed market reactions to inflation data. $BTC