The crypto US stocks are on fire! Coinbase enters the S&P 500, who will the institutional reapers cut this time?

#CryptoConceptUSStocks

Coinbase becomes a component of the S&P, Wall Street officially concedes

This morning, the crypto US stocks welcomed an epic positive development—Coinbase (COIN) has been officially included in the S&P 500 index, with a post-market price surge of 10%. This not only marks the first time the crypto industry has entered a mainstream financial index but also signifies that Wall Street has completely bowed down: traditional capital must give up the pricing power of on-chain assets.

Data shows that Coinbase currently has a market capitalization of $65.4 billion, holding 890,000 BTC (accounting for 4% of circulation), with Q1 trading revenue of $1.26 billion, and institutional clients accounting for over 60%. This move directly challenges the SEC, as last year they sued Coinbase for 'illegally operating securities', but now they are tacitly allowing its entry.