Cryptocurrency exchange Coinbase Global, Inc. reported a net loss of $667 million for the fourth quarter of 2025, ending an eight-quarter streak of profitability. The loss underscores the rapid impact of crypto market downturns on even the largest industry players. Earnings per share came in at 66 cents, significantly missing Wall Street expectations of 92 cents.
Net revenue for the quarter fell 21.5% year-on-year to $1.78 billion, below analyst forecasts of $1.85 billion. The decline was driven primarily by a steep drop in transaction revenue, which plunged nearly 37% to $982.7 million. This reflects weaker trading activity as Bitcoin's price slid almost 30% during the same period. Partially offsetting this downturn, subscription and services revenue rose more than 13% to $727.4 million.
Amid this backdrop of exchange weakness, investor attention is reportedly shifting toward emerging presale projects. One such project, DeepSnitch AI ($DSNT), is building a Web3-native analytics platform described as a "Bloomberg Terminal" for crypto. The project has raised over $1.58 million in its ongoing Stage 5 presale, with the token price at $0.03985, marking an approximate 165% increase from its starting level.
The project's strategy involves a delayed public token listing while granting presale holders live access to its analytics suite. This creates a limited-access environment where early adopters can utilize institutional-style data tools. More than 35 million DSNT tokens are already staked, which the project suggests could constrain the circulating supply upon public launch, potentially influencing early price discovery.
Separately, a survey commissioned by OKX reveals shifting attitudes, particularly among Gen Z Americans. The survey of 1,000 US adults found that 31% find cryptocurrency an appealing Valentine's Day gift, and 76% view financial literacy as an attractive trait in a partner. However, only 13% have paid for a date with crypto, citing a lack of direct payment infrastructure as the main hurdle.
The news also touches on other assets. BlockDAG (BDAG), another Layer 1 project, has reportedly raised over $450 million in its presale but is seen by some commentators as entering a later stage with more modest return expectations. Solana (SOL) was trading near $79 after a 9% weekly drop, with on-chain data showing selective whale buying but derivatives metrics indicating low trader conviction. Shiba Inu (SHIB) was down 4% weekly, with some forecasts predicting long-term value decline, while Berachain (BERA) saw an 83% weekly increase amidst a market characterized by "extreme fear" on the Fear & Greed Index.
