Coinbase and Block’s S&P 500 Inclusion Signals Crypto’s Mainstream Breakthrough

In a landmark moment for the cryptocurrency industry, Jack Dorsey's Block (formerly Square) has been added to the S&P 500, replacing Hess Corp. This development underscores the growing acceptance of crypto-centric companies in traditional finance. Block's shares surged nearly 9% following the announcement, reflecting market confidence in its aggressive Bitcoin strategy, which includes holding 8,584 BTC and advancing the Lightning Network. This milestone comes hot on the heels of Coinbase's own S&P 500 inclusion, collectively marking a decisive shift as digital assets cement their place in mainstream financial markets. As of July 2025, these moves highlight Wall Street's accelerating embrace of cryptocurrency innovation.

Block's S&P 500 Inclusion Marks Crypto's Wall Street Ascent

Jack Dorsey's Block, formerly Square, has secured a place in the S&P 500, replacing Hess Corp. The milestone sent its shares surging nearly 9% as markets recognized the company's assertive crypto strategy. Block holds 8,584 BTC and champions Bitcoin's Lightning Network, distinguishing itself from traditional fintech players.

This follows Coinbase's recent entry into the index, solidifying cryptocurrency's foothold in mainstream finance. The MOVE represents more than a technical adjustment—it signals trillions in passive investment flows warming to Bitcoin's infrastructure.

Dorsey's firm continues pushing crypto adoption, recently proposing to rename satoshis as 'bits' for broader appeal. As index funds absorb these assets, Wall Street's cultural resistance to decentralized finance weakens.

SEI Nears $0.36 Amid Diverging Signals: Bullish Technicals vs. Cautious Derivatives Activity

SEI's price action defies weakening derivatives volume, climbing toward $0.36 as technical indicators flash bullish signals. The token breached critical Fibonacci resistance at $0.26, now converted to support NEAR $0.2943—a structural shift confirming buyer dominance. Volume-weighted average price (VWAP) sits at $0.3490, with the asset trading above this key benchmark.

Futures markets tell a contrasting story: open interest and trading volume plummeted 62.5%, revealing trader hesitancy despite positive momentum. The $0.30-$0.32 zone emerges as consolidated support, while March's $0.40 peak looms as the next resistance test. Coinbase data shows SEI trading at $0.3526, with the Relative Strength Index (RSI) suggesting sustained upward potential.