Let’s do a weekly report on what happened last week in crypto 🧵

Coinbase Joins the S&P 500

Coinbase is set to be added to the S&P 500 index on May 19, replacing Discover Financial Services. This milestone follows a 9% surge in after-hours trading and reflects Coinbase’s growing institutional profile, bolstered by its $2.9 billion acquisition of Deribit and expectations of a more crypto-friendly U.S. regulatory environment.

Farcaster Users Receive WCT Airdrop

WalletConnect has initiated a $WCT airdrop for active Farcaster users. Eligibility is based on engagement metrics within the Warpcast app. Users can check their notifications in Warpcast to claim their tokens.

Monad, a high-performance Layer 1, dropped MON testnet tokens to 77,000 eligible Farcaster users.
Distribution was based on activity within the Warpcast ecosystem.

Bitcoin nears ATH 🚀
BTC is trading at ~$105K — just 3% below its all-time high.
Driven by:
• U.S. tariff relief
• Institutional buys
• Rate cut anticipation

✨ Bonus Alpha:
Stay active on Warpcast — it’s not just vibes.
They literally reward active users 💰 (shoutout to $WCT and MON 👀).
Post, reply, cast, engage.

SEC Plans New Crypto Rules

SEC Chair Paul Atkins announced plans to modernize regulations for crypto tokens. The initiative aims to provide clear guidelines for the issuance, custody, and trading of digital assets, aligning with President Trump’s pro-crypto stance.