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Coinbase Soars 8% After Landing Coveted S&P 500 Slot—First Crypto Firm to Crack the Wall Street Club
Coinbase Soars 8% After Landing Coveted S&P 500 Slot—First Crypto Firm to Crack the Wall Street Club
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Wall Street finally caves—the crypto barbarians are inside the gates. Coinbase stock surged 8% as it became the first digital asset company added to the S&P 500, marking a symbolic victory for an industry regulators still treat like a back-alley poker game.
The inclusion signals institutional acceptance, but let’s not pretend this means crypto has gone mainstream. Traditional finance just realized they can’t ignore the $2 trillion elephant in the room anymore—especially when it’s printing them money.
Funny how a few billion in quarterly revenue makes even blockchain anarchists look ’respectable’ to suit-and-tie index committees. Welcome to the big leagues, Coinbase—now enjoy dancing to Wall Street’s tune.
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