1️⃣ Coinbase’s Chaotic Week
Coinbase yet again dominated crypto news headlines this week.

After the U.S. stock market close on Monday, S&P Global announced that Coinbase (COIN) would replace Discover Financial Services (DFS) in its S&P 500 index, effective May 19. COIN’s inclusion in the capitalization-weighted index should trigger $9B of passive inflows, sending the stock soaring with 25% gains during Tuesday’s trading session.

On Thursday, the company’s fortunes deteriorated, with its stock selling off as much as 8.4% amid a concerning leak of the personal info of a large swath of customers including ID cards, contact info, and transaction histories. While the company said the total leak amounted to less than 1% of total customers, that's still a hell of a leak. Amid all of that ruckus, news also emerged of a long-standing SEC inquiry into alleged misstated user metrics in its 2021 IPO filing.

Despite the chaotic developments, Coinbase did end up recuperating the entirety of its Thursday