Core Insights - The current environment is unfavorable for investors involved in cryptocurrencies, with indications that the crypto winter may persist for an extended period [1]. Group 1: Analyst Background - Dilantha De Silva is a seasoned equity analyst with over 10 years of experience in the investment industry, focusing on small-cap stocks often overlooked by Wall Street [1]. - He has contributed articles to various investment platforms, including Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, and has a notable following on Seeking Alpha [1]. - Dilantha is a CFA Level III candidate and holds qualifications from the Chartered Institute for Securities and Investment (CISI) [1]. Group 2: Market Context - The article suggests that empirical evidence points to a prolonged duration of the current downturn in the cryptocurrency market, referred to as the crypto winter [1].

Core Insights - Goldman Sachs has revealed a significant investment in digital currencies, totaling $2.36 billion, with a notable portion allocated to altcoins, including assets linked to the CoinShares Altcoins ETF (DIME) [1] - Despite a decline in the overall cryptocurrency market, Goldman Sachs increased its positions in spot XRP and Solana ETFs, holding $152.2 million and $108.9 million respectively at the end of the year [1] - The filing indicates that major investors are recognizing value in higher-tier altcoins, which aligns with the focus of the DIME ETF [1] Cryptocurrency Market Overview - The cryptocurrency market is currently facing challenges, with Bitcoin experiencing a decline from approximately $114,000 at the end of September 2025 to around $88,400 by year-end [1] - Ethereum also saw a drop, falling from $4,140 at the end of September to $2,970 by the end of the year [1] Investment Trends - Goldman's strategy of increasing altcoin ETF holdings during a market downturn suggests potential confidence in the long-term value of these assets [1] - The actions of Goldman Sachs may encourage other investors to consider similar moves in the altcoin space, highlighting a potential shift in investment strategies within the cryptocurrency market [1]

RT CoinDesk Data & Indices (@CoinDeskMarkets)The CoinDesk 20 is currently trading at 1920.47, up 2.0% (+36.77) since 4 p.m. ET on Thursday.Eighteen of the 20 assets are trading higher.Leaders: $UNI (+5.4%) and $BCH (+5.3%).Laggards: $ICP (-2.1%) and $BNB (-1.1%).https://t.co/ZVp3iN6qdp ...

Core Viewpoint - Coinbase's fourth-quarter financial results showed a significant decline in revenue and a net loss, but the company anticipates substantial growth in trading volume and profitability by 2025 [1] Financial Performance - Coinbase reported a 20% decrease in revenue to $1.8 billion, which was worse than market expectations [1] - The company recorded a net loss of $667 million for the quarter, compared to a net profit of $1.3 billion in the same period last year [1] - The losses were primarily attributed to impairment charges related to cryptocurrency holdings and investments [1] Future Outlook - Despite short-term performance challenges, Coinbase expects its total trading volume to exceed $5.2 trillion in 2025, representing a year-over-year growth of 156% [1] - The company projects a net profit of approximately $1.26 billion for the full year of 2025 [1] Market Share - Coinbase's market share in the spot market doubled, increasing from 3.2% at the end of 2024 to 6.4% [1]

Core Insights - Coinbase CEO Brian Armstrong expressed optimism about the company's future despite a significant downturn in the crypto market and legislative challenges in Washington, D.C. He emphasized that adoption continues to grow and regulatory clarity is approaching [1][2]. Financial Performance - Coinbase reported a net loss of $667 million for the quarter, marking its second-worst quarterly loss ever, primarily due to a $718 million paper loss on its crypto investment portfolio [2]. - The adjusted EBITDA was $566 million, reflecting a 56% decrease compared to the previous year and falling $89 million short of Wall Street expectations [2]. - Net revenue for Coinbase was $1.7 billion, down $487 million from the same period last year [2]. Market Dynamics - Coinbase's stock rose by as much as 9% following the earnings report, despite the overall crypto market suffering a decline of over 50% since its peak in October, with a total market capitalization loss of $2 trillion [4]. - Quarterly trading volume at Coinbase was $215 billion, a 51% decrease from $439 billion the previous year, with retail trading fees dropping more than 45% [5]. Strategic Initiatives - The company has repurchased $1.7 billion worth of its own shares over the past year, indicating a strategy to "buy the dip" during the downturn [5]. - Armstrong highlighted that Coinbase has made significant progress in diversifying its revenue streams, with 12 products generating over $100 million in annualized revenue [7]. - A recent product release included trading for stocks, tokenized stocks, futures, and prediction market contracts, aimed at reducing the company's dependency on crypto prices [6]. Regulatory Environment - Armstrong's public stance against a major bill that would integrate the crypto sector with mainstream finance has drawn attention, leading to the cancellation of a congressional hearing intended to advance the bill [8].

JUS T IN: Brazil’s Congress reintroduces bill to create a Strategic Bitcoin Reserve, allowing the country to acquire up to 1 million 🚀 https://t.co/jjsaSwy1jZ ...

BREAKING: BlackRock deposits 3,402 $BTC and 1,508 $ETH into Coinbase. https://t.co/aScgDbP1q4 ...

🚨BREAKING: MIXIN HACKER MOVES $117M IN $ETH AFTER 2 YEARS OF SILENCEThe notorious #MixinHacker, who previously stole $200M, is liquidating 59,854 $ETH (~$117M) following a long period of inactivity.2,005 ETH ($3.85M) were sent to Tornado Cash about 16 hours ago, signaling renewed activity.2,087 ETH ($4.03M) were quickly transferred to three new wallets and sold at approximately $1,933 perETH.The hacker still holds 57,849 $ETH (~$113.4M) and 891 $BTC (~$59.7M), indicating a significant amount remains in moti ...

Core Insights - Coinbase experienced a significant decline in stock price following a disappointing earnings report and trading stoppage, resulting in a 7.90% drop in one session [1][2] - The company reported a 20% revenue drop in Q4 2025, totaling $1.8 billion, and a net loss of $667 million due to unrealized losses from falling cryptocurrency prices [2] Financial Performance - Q4 2025 revenue decreased by 20% to $1.8 billion [1] - The net loss for the quarter was $667 million [2] Stock Market Reaction - Coinbase stock fell 7.90% before recovering slightly with a 4.55% correction, closing at $147.51 after an initial drop from $141.09 [3] - The stock is currently rated as a 'Moderate Buy' with a 12-month price target of $302.06, reflecting a bullish outlook despite recent losses [6] Analyst Ratings - Since January 1, there have been 14 rating revisions for Coinbase stock, with only three ratings as 'Hold' and one as 'Sell' [7] - Recent positive ratings include BTIG's 'Buy' with a revised price target of $280, down from $340, and William Blair's 'Buy' without a price target [9][10] - Moness' Gustavo Gala provided the only bearish forecast for 2026, rating the stock as 'Sell' with a price target reduction from $375 to $120 [10]

The Morning Minute (2.13)Powered by @yeet⏰Top News:-Crypto majors fall alongside metals & stocks; BTC at $67k-Coinbase misses Q4 earnings, revenue down 22% YoY-CFTC names dozens of crypto execs to its Innovation Advisory Committee-Solana announces Graveyard Hack to resurrect dead sectors-Aave Labs shares new proposal to send 100% of revenue to the DAO🌎 Macro Crypto and Markets-Crypto majors are red down 1-2% following a red day for metals, stocks and crypto; BTC -1% at $67.1K; ETH -1% at $1,960; SOL -2% at ...