$USDC ​​Coinbase is officially included in the S&P 500, Wall Street officially concedes​​

This morning, the crypto stock market received an epic boost — Coinbase (COIN) has been officially added to the S&P 500 index, with after-hours trading seeing a direct price surge of 10%. This not only marks the first time the crypto industry has entered a mainstream financial index, but it also signifies that Wall Street has completely bowed down:​​ traditional capital must give up pricing power over on-chain assets​​

Data shows that Coinbase currently has a market value of $65.4 billion, with 890,000 BTC held in custody (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", yet now they tacitly allow its entrance.