#鲍威尔发言 The encrypted US stock market is going crazy! Coinbase enters the S&P 500, who will the institutional reaper cut this time?

#Crypto Concept US Stocks

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

In the early hours of today, the encrypted US stock market received an epic boost—Coinbase (COIN) was officially included in the S&P 500 index, and its after-hours stock price surged by 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 way to on-chain asset pricing rights

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 accounting for over 60%. This move directly slaps the SEC in the face, since they sued Coinbase last year for 'illegally operating securities,' yet now they tacitly allow it to enter the room.