1d ago
Coinbase Posts $667M Quarterly Loss as ETF Outflows Mount and Custody Role Faces Scrutiny
Coinbase reported quarterly revenue of about $1.78 billion but ended the period with a net loss of $667 million, while adjusted EBITDA remained positive at $566 million. Trading income dropped to roughly $983 million as spot Bitcoin ETFs, which collectively hold about 7% of Bitcoin's maximum supply through Coinbase custody, saw billions in outflows. Subscription and services revenue climbed to $727 million, driven mainly by stablecoin-related activity, and the company highlighted ongoing political negotiations over market structure and stablecoin rewards.
BTC
BTC-1.73%
1d ago
1d ago
Matrixport's Extreme Fear Reading for Bitcoin Points to Potential Market Turning Point
Matrixport reported on February 17 that its Greed and Fear Index 21-day average for Bitcoin has dropped below zero, reaching one of its most pessimistic levels in recent years. The firm noted that such extreme fear has previously appeared near market bottoms, although further price declines remain possible. Bitcoin was trading around $68,000 with notable weekly and multi-month losses, while institutional products saw $380 million in outflows over the past seven days.
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BTC
BTC-1.73%
1d ago
1d ago
Harvard 13F Shows $265.8M Bitcoin ETF Stake and $86.8M Ethereum Trust Position as of December 2025
Harvard Management Company's 13F report dated December 31, 2025 indicates that BlackRock's iShares Bitcoin Trust (IBIT) remains its largest disclosed crypto-related holding at roughly $265.8 million. The filing also notes a reduction of about 21% in IBIT shares during Q4 and the launch of an approximately $86.8 million allocation to the iShares Ethereum Trust (ETHA), suggesting a broader institutional shift toward a multi-asset crypto approach.
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ETH
ETH-2.38%
1d ago
2d ago
Binance Stablecoin Reserves Shrink by Nearly $9B After Three Months of Outflows
On 17 February 2026, data showed Binance had logged three consecutive months of net stablecoin outflows, with February's withdrawals nearing -$3B by mid-month. Since November, the exchange's stablecoin reserves have fallen from roughly $50.9B to about $41.8B, indicating reduced on-exchange liquidity and an extended de-risking phase. This sustained drain in stablecoin balances points to more cautious positioning among market participants.
2d ago
2d ago
DeFi lender ZeroLend to wind down after losses from inactive and illiquid blockchains
Decentralized lending protocol ZeroLend will fully shut down after roughly three years of operation, with founder Ryker citing inactive and low‑liquidity blockchains and oracle providers dropping support as key reasons. The protocol, which focused on Ethereum layer‑2 networks, has seen its total value locked plunge from nearly $359 million in November 2024 to $6.6 million, while its ZERO token dropped 34% in the last 24 hours as users are urged to withdraw remaining funds.
2d ago