The Crypto Assets market welcomes Favourable Information: Coinbase selected for the S&P 500

Recently, the Crypto Assets market has been filled with Favourable Information. On a macro level, the easing of China-US trade relations has led to a general rise in global financial markets. Although Bitcoin has seen a pullback, Ethereum and other altcoins have performed strongly, reaching highs of 2700 USD. The DeFi sector has risen across the board, sparking market expectations for the return of altcoin season.

In addition to the improvement in the external environment, new trends are also emerging within the industry. On May 13, a well-known Crypto Assets trading platform will be included in the S&P 500 index, replacing Discover Financial Services, which is about to be acquired. This change will take effect on May 19, marking an important step for the encryption industry towards the mainstream market.

On May 12, China and the United States reached a temporary agreement on tariffs, suspending some mutual tariffs for 90 days. As a result, U.S. stocks surged, with S&P 500 futures rising over 3% and Nasdaq closing up 4.35%. Although Bitcoin has retreated from its highs, the overall encryption market rebounded rapidly, with mainstream coins like ETH, SOL, and BNB showing significant increases. With the temporary easing of trade disputes, the market began to return to normal, and the bottom prices of most coins showed an upward trend.

Favourable Information also frequently appears in the industry. New Hampshire has passed a bill allowing the state government to purchase Bitcoin and other digital assets as reserves. The new SEC chairman has stated that a reasonable regulatory framework for Crypto Assets will be prioritized. A large asset management institution is reportedly discussing an ETH staking proposal with the SEC, boosting market confidence.

Against this backdrop, crypto enterprises are ushering in a favorable opportunity for development. On May 13, a well-known trading platform became the first crypto enterprise to be included in the S&P 500, marking a new era for the industry. Established 13 years ago, this platform has experienced multiple bull and bear cycles and has become an important window for traditional finance to observe the crypto industry.

In 2021, the platform landed on NASDAQ, with the stock price hitting a high of $429.54 on the first day of trading. Since then, it has fluctuated with the industry cycle, achieving new heights this year by being selected for the S&P 500. After the news was announced, its stock price surged by 24%, closing at $256.90.

This milestone is significant, representing the mainstream market's recognition of the encryption industry and laying the foundation for the integration of the industry with traditional finance. In the long run, this is not only favourable for attracting index allocation funds but will also enhance the overall awareness of the industry, attracting more traditional investors. At the same time, this further fuels the IPO boom in crypto enterprises, with multiple companies advancing their listing plans.

At the same time, the financial sector in Hong Kong is also actively making arrangements. Following the Hong Kong Monetary Authority's launch of the tokenized sandbox pilot, the RWA( physical asset tokenization) track is accelerating again. Large technology companies are getting involved, such as a certain e-commerce giant forming a team to explore new energy assets RWA and collaborating with virtual banks to study cross-border payment solutions for stablecoins. Another technology giant has completed the first domestic RWA case based on photovoltaic assets.

Local institutions in Hong Kong are also not falling behind. A certain blockchain company has reached intentions for RWA on-chain cooperation with over 200 institutions. Many brokerages and fund companies are also actively laying out tokenized securities and Crypto Assets related businesses.

Overall, whether it is the IPO of American encryption companies or Hong Kong promoting RWA, it reflects the confidence of enterprises and institutions in the industry's prospects. The American market is more aggressive, with institutions heavily buying ETFs and listed companies actively laying out their strategies in crypto assets. Hong Kong, on the other hand, focuses more on compliance and steadily advances based on business as the main line.

As the mainstreaming of Crypto Assets increases, the number of enterprises participating will continue to grow. Funds, attention, and resources are continuously flowing in, and institutional investors' FOMO(Fear of Missing Out) sentiment is also on the rise. This wave of institutional participation has only just begun.