#cryptouniverseofficial
🚀 Crypto Goes Mainstream! Block Inc., led by Jack Dorsey, joins the S&P 500, becoming the second crypto-facing firm in the index after Coinbase. 📈
🔑 Key Points:
• Block replaces Hess Corp in the S&P 500, effective Wednesday.
• Allocates 10% of monthly Bitcoin service profits to buy more $BTC , holding over 8,500 $BTC .
• Regulatory shifts, like the GENIUS Act, are driving crypto's acceptance in traditional finance.
• Block’s Cash App, Spiral, and TBD push Bitcoin adoption and blockchain innovation.
💬 "Block's inclusion signals TradFi's growing trust in crypto-aligned companies," says Hang Huang, CEO of Kronos Research.
🌍 Crypto is no longer fringe—it's a staple in global markets!