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Coinbase Makes History as First Crypto Company to Join S&P 500: Market Implications and Future Outlook

In a landmark development for the cryptocurrency industry, Coinbase Global Inc. (NASDAQ: COIN) is set to join the prestigious S&P 500 index, effective prior to market opening on Monday, May 19, 2025. This historic inclusion marks the first time a cryptocurrency-focused company will be represented in what is widely considered the most important stock market index in the United States. Coinbase will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial Corp. (NYSE: COF).

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UAE Financial Giants to Launch Central Bank-Regulated Dirham Stablecoin

In a significant move for the UAE’s digital finance landscape, Abu Dhabi’s ADQ, International Holding Company (IHC), and First Abu Dhabi Bank have announced plans to launch a UAE dirham-backed stablecoin. This digital currency will operate under the complete regulatory oversight of the UAE Central Bank, establishing new benchmarks for trust and compliance in the nation’s financial sector.

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