
The Crypto Giant Takes a Blow: Coinbase Sinks on S&P 500 Exclusion and Crypto-Summit Setbacks
Coinbase stock dropped 5% amid a week of unmet expectations and disappointing news. The anticipated high-profile crypto summit offered no groundbreaking announcements, highlighting a need for innovation. Coinbase missed inclusion in the S&P 500 index, affecting its market visibility and investor confidence.