The inclusion of Coinbase in the S&P 500 is an important milestone for the cryptocurrency industry, marking an acceleration in the recognition of crypto assets by mainstream financial markets. Here are the key points:

​​Industry Significance​​: The first crypto company to enter the S&P 500 reflects the trend of traditional finance integrating with crypto infrastructure, which may attract more institutional capital inflow.

​​Policy Benefits​​: The Trump administration promoted crypto-friendly policies (such as the dismissal of SEC cases), creating a relaxed regulatory environment for the industry and boosting market confidence.

​​Market Reaction​​: The news stimulated Coinbase's stock price to rise over 10% in a single day, bringing its market value to $53 billion, with a 260% increase over the past two years, indicating that investors are optimistic about the long-term prospects of the crypto sector.

​​Accelerating Industry Consolidation​​: Coinbase plans to acquire Deribit for $2.9 billion, Robinhood's crypto revenue accounts for over 43%, and leading platforms are expanding their ecosystems through mergers and acquisitions.

​​Future Focus Points​​: The IPO processes of crypto platforms like eToro, the growth of spot ETF sizes (currently $41 billion), and regulatory dynamics will influence the next steps for the industry.

This event may further promote the integration of crypto assets with the traditional financial system.