US Senate advances crypto bill with SEC; Coinbase posts $667M Q4 loss; Fear & Greed Index hits record low of 5

The US Senate Banking Committee is working with SEC Chair Paul Atkins on a crypto market structure bill to position the US as a global hub, while the CFTC named a 35-member Innovation Advisory Committee including CEOs from Coinbase, Polymarket, Ripple, Kraken, Gemini, Chainlink Labs and Robinhood. Coinbase added $39 million in Bitcoin in Q4 2025 but posted a $667 million loss on a 20% revenue decline, missing Q4 estimates, as Polymarket launched 5-minute $BTC price prediction markets and Aave Labs proposed routing 100% of product revenue to the Aave DAO under its "Aave Will Win" framework. BIP 360 was added to Bitcoin's official repository to strengthen defenses against quantum threats, Standard Chartered projected $BTC could drop to $50,000 and $ETH to $1,400 on ETF outflows and macro pressure, SWIFT joined the Bank of England Synchronisation Lab to test cross-border FX and DvP tokenized securities settlement, and the Crypto Fear & Greed Index fell to 5, its lowest reading on record.