Coinbase (Coin) for the first time on NYSE

Welcome to Mooring Crypto News – the main blaming of the most important developments in encryption for next day.

Get coffee and we are exposed to what it carries today for Coinbase, the largest exchange of US -based, dependent on the scale of trading volume. Despite the expectations of the first quarter profit from the stock exchange, Coinbase made history by joining the S&P 500, and new developments in the pipeline later today.

Crypto News of the Day: Coinbase’s Coin Stock Doing on the Nyse after joining S&P 500

Beincrypto mentioned Coinbase Exchange’s Historical ascension to S&P 500 specifically, will Coinbase Global Inc. Replace Discover Financial Services on S&P 500The in effect before the market was opened on Monday, May 19.

The report sent Coinbase shares, Coin, an increase of approximately 10 % on May 12, and now it has another emerging emerging Crypto shares that provide Tailwind on Tuesday.

Coin was opened on the New York Stock Exchange (NYSE) at 9:30 am today, May 13, after its inserts in the S&P 500. In the aftermath of the first appearance, the currency price increased by more than 16 % and is circulated for $ 241.23 to this writing.

NYSE is one of the largest exchanges in the world, providing a market for trading, bonds and other securities.

It is worth noting that NYSE has strict list requirements, which means that currency shares trading there are Coinbase Global Inc. It can attract more institutional investors.

The presence in the S&P 500 and NYSE means index boxes and tracking the investment funds traded in the index will buy currency shares, which increases the demand and may enhance the share price.

BitWise data highlights that $ 5.3 trillion of institutional investors and $ 1.6 trillion of trading investment funds will contribute to $ 15 billion in the purchases of the estimated Coinbase. This reflects the increasing prevailing acceptance of the encryption companies in Traditional financing (tradfi).

Beincrypto recently News of the United States Covering coverage on how the circulating investment boxes (traded boxes on the stock exchange) continued to increase institutional access to encryption.

Today’s scheme

Wall Street companies review interest rate expectations in the Federal Reserve

Elsewhere, the BLS Statistics Office has just released the latest consumer price index data, Inflation showed a 2.3 % annual rate in April.

Accordingly, the leading Wall Street companies pushed their expectations to reduce the upcoming interests of the Federal Reserve.

• JPMorgan now expects the first reduction in December, a transformation from its previous drop in September. The bank also states that the possibility a The recession of the United States Less than 50 % decreased.
• Citigroup also delayed their calls, and transferred the expected reduction to July.
• Goldman Sachs, supported by optimism on a The truce of the tariff of the United States and the United States of the United StatesIt was postponed to reduce it in July to December while reducing the chances of the American recession for 2025 to 35 % of 45 %.
• Barclays also sees a first step in December, as it fell again from the forecast in the previous July.

Completely, these revised expectations reflect the increasing confidence that the economy can bear the current Politics settings Long longer than he was previously thought.

Alpha

Here is a summary of more American encryption news that must be followed today:

• CPI data for April showed the cooling of inflation to 2.3 %This prompted an increase in the price of bitcoin as the market reaction was positive.
• Bitcoin tops $ 100,000 and strikes Ethereum $ 2500This sparked a discussion about whether retail investors are really returning to the market.
• Trump’s social truth and entity denies rumors about the launch of the Mimi social currencyAnd described them as misleading.
• Animoca Brands converts its focus into the US public subscriptionQuoted from favorable digital asset regulations under the Trump administration.
• Metaplanet exports $ 15 million in 0 % interest bonds to acquire BitcoinIt aims to 10,000 BTC by 2025.
• The American -Chinese introductory relief deal increased the market, however Bitcoin’s investment funds have witnessed only $ 5 million of net flowThe lower April 14.
• XRP price 3 % rose, to become the best winners in the market Amid the growing ups and open ups and open rise.
• PI plan to announce the main ecosystem in consensus 2025 On May 14, highlighting Web3 aspirations.
• The Governor Katie Hobbes maintained two projects of encrypted currenciesSB 1373 and SB 1024, Stop Pusing Arizona to integrate digital assets in general financing.
• Institutional interests and the origins of the real world Distinguished symbol Enhance ETH case to bypass Bitcoin in value and interest.

Overview of stocks before the market