Coinbase Becomes First Crypto Company To Join S&P 500, COIN Stock Jumps

Monicah W

Breaking: Coinbase Set To Join S&P 500, COIN Stock Jumps

Coinbase is again in the news following a recent announcement that the top crypto exchange will be joining the S&P 500. This development marks a huge milestone for the exchange, as it will become the first crypto company to achieve this feat. Meanwhile, the COIN stock price has jumped on the back of this development.

Coinbase To Replace Discover Financial In S&P 500

In a press release, the S&P Dow Jones Indices announced that Coinbase Global will replace Discover Financial in the S&P 500, effective before the opening of trading on Monday, May 19. The exchange is replacing Discover as Capital One Financial is acquiring the financial institution. The crypto exchange will trade under the ticker ‘COIN,’ in a move that will provide further exposure for the company and attract more investors.

Nasdaq data shows Coinbase’s stock surged 8% following the S&P 500 announcement. The COIN stock price is currently trading at around $224, up over 17% in the last month. However, the stock is still down over 16% year-to-date.

This announcement comes just days after the crypto exchange announced an agreement to acquire crypto options firm Deribit for $2.9 billion, making it the largest merger and acquisition in crypto history. Following the announcement, Bitwise CIO Matt Hougan predicted that the exchange could one day become a trillion-dollar company.

Strategy founder and Bitcoin maximalist Michael Saylor congratulated Coinbase and its CEO Brian Armstrong, stating that it is a major milestone for the exchange and Bitcoin.

The top crypto exchange has released a statement on its X account following the announcement. The X post read,

Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history.

Exchanges’ Execs React To The Announcement

In an X post, Brian Armstrong commented on the feat, remarking that his exchange just became the first and only crypto company to join the S&P 500. He added that this milestone represents what the true believers, both retail and institutional investors, and employees and partners knew all along, that crypto is here to stay.

Emilie Choi, the COO of the top crypto exchange, also stated that this development is a “big deal.” She remarked that the S&P 500 is arguably the most tracked and influential index in the world and a magnet for institutional capital. Choi added that it is a great day for Coinbase, its customers, employees, and retail and institutional investors.

The post Coinbase Becomes First Crypto Company To Join S&P 500, COIN Stock Jumps appeared first on CoinGape.

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SEC’s Crypto Task Force Announces 4 Key Roundtables on DeFi, Tokenization, and More

SEC Reveals Key Members Of The Crypto Task Force Know Here

The post SEC’s Crypto Task Force Announces 4 Key Roundtables on DeFi, Tokenization, and More appeared first on Coinpedia Fintech News

The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance.

The roundtables, running from April to June, are part of the SEC’s ongoing effort to establish clearer and more effective rules for the crypto industry.

SEC Kicks Off ‘Spring Sprint Toward Crypto Clarity’

The first roundtable of the Crypto Task Force marked the beginning of the SEC’s effort to bring more clarity to cryptocurrency rules, which Commissioner Hester Peirce called the “Spring Sprint Toward Crypto Clarity.” The event, held last Friday in Washington, D.C., brought together crypto lawyers to discuss whether tokens should be considered securities.

At the roundtable, Miles Jennings, a16z crypto’s general counsel, criticized the SEC’s past approach to crypto, saying it failed to protect investors, support capital formation, or create efficient markets.

“The Crypto Task Force roundtables are an opportunity for us to hear a lively discussion among experts about what the regulatory issues are and what the Commission can do to solve them,” Peirce noted in a Tuesday announcement.

Key Topics For Upcoming SEC Roundtables-

The next roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” is all set to be held on April 11. Other topics will include crypto custody (April 25), tokenization (May 12), and decentralized finance (June 6). All events will be held in Washington, D.C., and livestreamed.

The Crypto Task Force, launched on January 21 by Acting SEC Chairman Mark T. Uyeda, was created to help the SEC set clear rules, offer practical paths for registration, build effective disclosure frameworks, and use enforcement resources wisely.

Furthermore, the SEC is also exploring how it could “provide some kind of framework or some kind of markers” to craft rules for NFTs as an asset category. This comes after the SEC announced last Thursday that crypto mining doesn’t violate securities laws.

Meanwhile, Paul Atkins, nominated by Trump to be the new SEC chair, will have his Senate hearing on Thursday. A former SEC commissioner from 2002 to 2008, Atkins is also a supporter of crypto.

The post SEC’s Crypto Task Force Announces 4 Key Roundtables on DeFi, Tokenization, and More appeared first on Coinpedia Fintech News
The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance. The roundtables, running from April to June, are part of …

SOL Builds Momentum As Solana Outperforms Other Blockchains

Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.

On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.

Solana Maintains Bullish Structure, but Momentum Faces Key Test

On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.

The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.

SOL Ichimoku Cloud. Source: TradingView.

The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.

If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.

BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.

Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.

Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth

Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.

DEX Volume by Chain.
DEX Volume by Chain. Source: DeFiLlama.

In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.

Protocols and Chains Fees.
Protocols and Chains Fees. Source: DeFiLlama.

When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.

Pump leads the pack with nearly $18 million in fees alone.

Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain

Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.

Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.

If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

The current structure favors buyers, with higher lows and strong support reinforcing the trend.

However, if momentum fades, a retest of the $136 support is likely.

A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.

The post SOL Builds Momentum As Solana Outperforms Other Blockchains appeared first on BeInCrypto.