GM Explorer,

Coinbase’s new "Coin50" index tracks the top 50 assets, offering a more complete view of the crypto market.

Here’s what we got for you today:

• 🤩 Crypto’s own version of the S&P 500!

• 🧱 Around The Block: The U.S. government is one step closer to holding 1 million Bitcoins.

🤩 Crypto’s own version of the S&P 500!

Imagine being able to gauge the performance of the crypto market, much like how you track the equity markets through the S&P 500!

Coinbase is making that a reality with their exciting new launch.

They’ve launched the Coinbase 50 Index (or “Coin50”), a broad and accessible tool allowing investors to better understand how the entire crypto market is performing.

Here’s how it works:

Instead of relying on Bitcoin alone, which often doesn’t capture the full picture, Coin50 tracks the aggregated performance of the top 50 cryptocurrencies by market capitalization.

This way, you get a well-rounded view of the crypto landscape by distilling thousands of digital tokens to a select 50 based on fundamental standards and market size.

The index currently weighs Bitcoin at 50%, Ethereum at 28%, Solana at 6%, XRP at 3%, Dogecoin at 2%, and the remaining 45 tokens at 11%.

Pretty handy, right? We think it's a game-changer for the crypto industry!

Coinbase believes so and that, in time, this index could become the go-to benchmark for crypto investors.🤞

Want to give it a go? Don’t worry—anyone can dive in.

You can access this invaluable tool on the Coinbase website or through their app, whether you have a Coinbase account or not.

As for those outside the U.S., you can still get in on the action with the perpetual futures contracts available via the Coinbase Advanced application.

For more insights, click here!

🧱 Around The Block

• The U.S. government is one step closer to holding 1 million Bitcoins.

• Bitcoin has had a lot of good days—It just had its best one ever.

• Dogecoin is now larger than Ford, Adidas, Lululemon, Roblox: 15 companies worth less than meme crypto.

• NFL star was paid in Bitcoin now worth $20M after Donald Trump sparked surge.

• Ripple’s price explodes above $0.7 as XRP bull run takes off.

• Bhutan's Bitcoin holdings surpass $1 billion amid price surge.

• Trader who lost $26M to copy-paste error says it’s been ‘max pain.’

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.