Coinbase Loses Big, Ethereum Eyes Quick Comeback

Coinbase slipped into a $667 million loss in its latest quarter, ending an eight‑quarter run of profits. The exchange earned 66 cents per share, falling short of analysts’ 92‑cent forecast by a full quarter. Revenue fell 21. 5 % to $1. 78 billion, missing the $1. 85 billion expected by experts. Transaction income dropped nearly 37 % to $982. 7 million, while subscription and services revenue grew more than 13 % to $727. 4 million. Meanwhile, Ethereum’s developers are pushing a new privacy idea. Ethereum Foundation AI lead Davide Crapis and co‑founder Vitalik Buterin propose using zero‑knowledge proofs to keep AI interactions private. They argue that users should be able to make many anonymous API calls while the provider still gets paid and protects against spam. In France, three people were arrested after breaking into a Binance employee’s home. Police say the suspects entered an apartment, stole two phones, and then fled. Elon Musk announced that X Money will enter a limited beta in the next one to two months. Musk says the payment system is meant to become “the place where all money is, ” a key part of his vision for an all‑in‑one app.Bitcoin spot ETFs saw $410 million drain as Standard Chartered cut its 2026 Bitcoin forecast. The funds are losing money for a fourth straight week, with assets under management near $80 billion. Cryptocurrency analyst Tom Lee believes Ethereum will rebound quickly after recent drops. He points out that since 2018, the coin has fallen over 50 % eight times and always bounced back in a V‑shaped pattern. Bitcoin sits at about $70 k, Ethereum around $2 060, and XRP near $1. 58, with the total market cap at roughly $2. 4 trillion. Top weekly altcoin winners include Pippin, Humanity Protocol, and Kite, while losers are MYX Finance, MemeCore, and Aptos. A U. S. judge sentenced the chief of Praetorian Group International to 20 years for running a $200 million Bitcoin Ponzi scheme that defrauded over 8, 000 investors. Chainalysis reports a sharp rise in crypto flows to suspected human‑trafficking networks, especially in Southeast Asia. Israel has arrested two individuals for allegedly using insider information to bet on Polymarket predictions about a future military strike.