#加密概念美股 Coinbase Becomes a Component of the S&P 500, Wall Street Officially Admits Defeat

In the early hours of today, the crypto stock market welcomed an epic boost—Coinbase (COIN) was officially included in the S&P 500 index, causing its after-hours stock price to surge by 10%. This not only marks the first time the crypto industry has entered a mainstream financial index but also signifies Wall Street's complete capitulation: traditional capital must yield pricing power of on-chain assets.

Data shows that Coinbase currently has a market capitalization of $65.4 billion, with a custody of 890,000 BTC (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, considering that last year they sued Coinbase for 'illegally operating securities,' yet now they tacitly allow its entry into the big leagues.