Crypto News Highlights This Week: Coinbase, Metaplanet & More
The post Crypto News Highlights This Week: Coinbase, Metaplanet & More appeared on BitcoinEthereumNews.com.
The week ending May 18th, 2025, was marked with major developments in the crypto news. Undoubtedly, Coinbase’s entry into the S&P 500 was a milestone. Other significant developments include an inflation surprise in the US, Robinhood’s acquisition of WonderFi, among others. Here’s all that was important to crypto during May 11th and May 18th. This week was indeed big for crypto news in the American market. Galaxy Digital finally got listed on Nasdaq, with Novogratz highlighting a painful listing process. Galaxy had been listed in a major Canadian market way back in 2020. Undoubtedly, this week might have been a milestone week for Crypto in the US, marking a regulatory shift. Coinbase Enters S&P 500, Later, Reports Data Theft US-based cryptocurrency exchange Coinbase got listed on the S&P 500, the hottest index of stocks in the US. The exchange is the first cryptocurrency company to make the highly sought-after index. The S&P 500 is a weighted index of the top stocks in the United States. Weighted means that bigger stocks – those with bigger market capitalization – influence the index more than those with smaller market capitalizations. Brian Armstrong, the CEO and founder of the exchange, noted in an X post that crypto would soon be part of Americans’ 401K plans. However, the high from the big development did not last long. On Thursday, Coinbase reported that a malicious actor had bribed the exchange’s officials to gain customer identity data and account details. The bad actors threatened to release the stolen identity data into the pubic domain. Instead of caving in to the bad actors’ $20 million ransom demand, the exchange bravely started a $20 million fund (bounty) for information that would lead to the arrest of the bad actors. The breach highlights a major challenge that crypto companies are…
