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According to The Block, Benchmark analyst Mark Palmer has lowered the target price for Coinbase (COIN) from $421 to $267, a decrease of 37%, while reiterating a "buy" rating. This adjustment comes after the company announced its fourth-quarter financial results, which fell short of expectations due to an overall pullback in the crypto market, impacting both revenue and earnings.Palmer has reduced the fiscal year 2026 earnings per share (EPS) forecast by 21% to $5.34, with the EPS expectation for the first quarter of 2026 at $0.96, approximately 19% lower than the market consensus. However, based on the current stock price of about $164, the new target price still implies about 60% upside potential.The financial report shows that Coinbase's net revenue for the fourth quarter of 2025 was $1.71 billion, a 5% decrease quarter-over-quarter; the GAAP net loss was $667 million, primarily due to an unrealized loss of $718 million on crypto asset holdings and a strategic investment loss of $395 million. Despite short-term pressures, Palmer noted that the company's business structure is becoming "more diversified and resilient":Institutional trading revenue increased by 37% quarter-over-quarter to $185 million, benefiting from the acquisition of the derivatives platform Deribit for $2.9 billion last August;Stablecoin revenue grew by 3% quarter-over-quarter to $364 million, with USDC average balances reaching an all-time high;Subscription and services revenue reached $727.4 million, accounting for about 43% of net revenue, with full-year subscription and services revenue increasing by 23% year-over-year to $2.8 billion.The company expects subscription and services revenue for the first quarter of 2026 to be between $550 million and $630 million, with trading revenue for the period as of February 10 estimated at about $420 million. As of the end of 2025, the company held $11.3 billion in cash and had repurchased $1.7 billion in stock in the fourth quarter and early February, with the board also approving an additional $2 billion repurchase authorization.

Blockworks researcher Kunal Doshi posted on the X platform that Polymarket's newly launched 5-minute BTC market has generated $25.2 million in trading volume within 40 hours of its launch. The average trading volume per window is approximately $52,000, reaching 10% to 20% of the 15-minute market's trading volume.Data shows that 7.1% of unique addresses simultaneously purchased Yes and No in a single window, with only 4.2% of addresses executing this in more than 50 windows. Although the number of such addresses is small, their trading volume accounts for 7.5% of the total, and the number of trades represents 23.4% of the total. Among these, 92.6% of the orders are buy orders, and 72.3% are executed as limit orders.These addresses achieved profitability in 80% of the windows, with the median transaction price for Yes and No at $0.9823. Currently, the market is exhibiting early arbitrage behavior, and if structural liquidity is introduced, the trading volume in the 5-minute market is expected to exceed that of the 15-minute market.

According to DL News, U.S. Treasury Secretary Scott Bessent stated in an interview with CNBC that advancing long-stalled cryptocurrency legislation such as the "Clarity Act" will help stabilize the currently weak market and restore investor confidence.Bessent pointed out that Bitcoin has a history of volatility, but some of the current fluctuations are "self-inflicted." He mentioned that a group of Democrats wishes to collaborate with Republicans to advance market structure legislation, but some cryptocurrency companies have been obstructing this.He stated that providing clarity for the "Clarity Act" during a time of historic market volatility and sell-offs would bring great comfort to the market, and it is crucial to complete this work as soon as possible. The cryptocurrency industry and the banking sector must reach an agreement on the market structure legislation before March 1.Bessent indicated that there is a wealth of innovation in the cryptocurrency and its derivative fields like blockchain and DeFi, and the legislation should be pushed for submission to the President for signing in the spring.

According to Jinshi News, Coinbase's stock price has increased by 15.1%.

According to Coinmarketcap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows, with the top five gainers: Kite (KITE) up 20.32%, current price $0.2256; Humanity Protocol (H) up 18.11%, current price $0.1985; Decred (DCR) up 12.86%, current price $24.76; Pi (PI) up 10.16%, current price $0.1495; Midnight (NIGHT) up 9.64%, current price $0.05449.The top five losers: LayerZero (ZRO) down 9.36%, current price $1.97; River (RIVER) down 3.77%, current price $18.94; World Liberty Financial (WLFI) down 3.01%, current price $0.1046; Internet Computer (ICP) down 2.81%, current price $2.35; PancakeSwap (CAKE) down 1.58%, current price $1.27.

According to Bloomberg, Coinbase's stock price rebounded the day after the release of its weak quarterly earnings report. Some bottom-fishing funds believe that the market has already fully priced in the negative factors, and the crypto market may be approaching a temporary bottom.The earnings report shows that the company's trading volume has weakened and trading revenue is under pressure, highlighting its performance's high sensitivity to fluctuations in digital asset prices and retail trading activity. Previously, affected by the overall weakening sentiment in the crypto market, Coinbase's stock price had fallen for several consecutive weeks and had significantly corrected before the earnings report was released. Market analysts believe that, with expectations having been downgraded and positions becoming more defensive, some investors chose to buy on dips, driving the stock price to stabilize and rebound in the short term.

According to the disclosure by Gem Resources, a company listed on the London Stock Exchange, it has purchased 9 bitcoins as reserve assets through its wholly-owned subsidiary Gem Resources Hong Kong Limited, at a total cost of approximately $633,200, with an average price of about $70,355.56 per coin (excluding transaction fees). The transaction was completed through the regulated digital asset trading platform HashKey Exchange in Hong Kong, with funding sourced from the company's existing cash resources.Including approximately $1,484.6 in transaction fees, the total expenditure reached $634,684.6. The company's Executive Chairman Louis Ching stated that this transaction took advantage of the "recent pullback in bitcoin prices" to establish a "moderate and controllable position."

According to the weekly report released by Matrix on Target, the price of Bitcoin has fallen below the key level indicated by analysts, confirming the downward trend. The current retracement of Bitcoin in both magnitude and pace is quite similar to the downward phases of historical cycles. The market's focus has shifted from "Has the trend reversed?" to "When will the next more favorable allocation window arrive?"Looking back, analysts successfully identified the starting point of the Bitcoin bull market and predicted that the peak of this cycle could reach $125,000. Between the end of 2024 and October 2025, Bitcoin has repeatedly shown characteristics of the fifth round of the bull market nearing its end, indicating that the bullish momentum is gradually waning. As the price has fallen below key levels, the market has entered the confirmation phase of a bear market.

Bubblemaps disclosed on platform X that Trove Markets has quietly refunded the KOLs who participated in the presale, while other presale participants suffered heavy losses. By monitoring wallets associated with the TROVE token deployer, it was discovered that one day after the token crash, $100,000 worth of USDC and $350,000 worth of USDT were transferred to a newly funded wallet. On-chain evidence and leaked chat records have now been obtained, proving that the project team has engaged in improper behavior by treating investors differently.After raising $11.5 million through an ICO in January, Trove stated that it would retain $9,397,403 to continue building PerpDEX on Solana. This move sparked strong dissatisfaction within the community, with the token price dropping over 95%, resulting in severe losses for ICO participants, who accused the team of a rug pull. According to community feedback, the project has issues such as "paying KOLs for promotion, with funds flowing to entertainment platform deposit addresses."

JPMorgan analysts stated that based on a comparison adjusted for volatility with gold, the long-term target price for Bitcoin is $266,000. The main reasons for the decline in hash rate are the severe winter storms in the U.S. and high-cost miners exiting the market, but signs of a hash rate rebound have been observed.Despite short-term fluctuations, the JPMorgan team remains optimistic about the crypto market in 2026, expecting institutional investors to dominate market growth.

Standard Chartered Bank has lowered its target price for Ethereum by the end of 2026 from $7,500 to $4,000, expecting the price of Ethereum to drop to around $1,400 before rebounding later this year.

According to Bloomberg, Standard Chartered Bank has lowered its Bitcoin price forecast for the second consecutive time, reducing the target price from $150,000 to $100,000, a decrease of 33%. In a report released on Thursday, the bank warned that the price of Bitcoin could drop to $50,000 before rebounding.It is worth noting that this is the second time Standard Chartered Bank has lowered its Bitcoin forecast within three months. Last December, the bank had already reduced its original target price from $300,000 to $150,000.

Binance founder Zhao Changpeng (CZ) expressed confidence in the decision to convert the $1 billion SAFU fund into BTC, inviting everyone to verify the results together in the future. "I might be wrong, but I feel that in the end, this could be beneficial for the SAFU fund. Save this tweet for later."Today, the Binance SAFU fund address bought an additional 4,545 BTC, worth $304.58 million, completing the $1 billion Bitcoin purchase plan. It currently holds 15,000 BTC, and based on the price at the time of transfer to the fund address, Binance has spent a total of $1.03867 billion, with an average purchase price of approximately $69,245 per Bitcoin.

An investor re-entered the market after a loss of $531,000 and opened a 25x leveraged long position of 9,365.68 ETH today.The opening average price of the trade is $1,967.03, with a liquidation price of $1,735.53. Currently, the position has an unrealized loss of approximately $59,000. The investor had previously gone long on ETH today and incurred a loss.

The Binance SAFU fund has accumulated an investment of 1 billion USD to purchase approximately 15,000 Bitcoins, with an average cost of 66,666.66 USD. The Bitcoins acquired by the fund have been transferred to the address 1BAuq...mWQkD, while an equivalent amount of USDC has been transferred from an address holding a reserve of 1 billion USDC stablecoins to the Binance exchange.

According to on-chain analyst Yu Jin's monitoring, Binance's $1 billion SAFU fund purchase has now been completed, totaling 15,000 BTC, with an average purchase price of approximately $70,000, as follows:315 BTC ($100 million), price $76,045;1,315 BTC ($100 million), price $76,045;3,600 BTC ($250 million), price $69,444;4,225 BTC ($300 million), price $71,006;4,545 BTC ($300 million), price $66,006.

According to Bloomberg, Bitfury founder Val Vavilov stated that the recent plunge in cryptocurrency is a great opportunity to buy again. He commented on WhatsApp: "For us, the drop in Bitcoin is an opportunity to rebalance our portfolio and purchase a certain amount of Bitcoin at a low price." However, he did not disclose the investment amount or the quantity purchased.Vavilov said: "We believe in Bitcoin and its growth potential, and we hold part of our assets in Bitcoin, but it is just one component of our portfolio." He emphasized that his company has long expanded from cryptocurrency mining to the field of artificial intelligence infrastructure.

According to Bloomberg, Strategy CEO Phong Le stated in an interview that the company will issue more perpetual preferred shares to alleviate investor concerns about the volatility of its stock price. Le mentioned that the company provides investors with a tool through the issuance of perpetual preferred shares (product name "Stretch") that offers "exposure to digital capital while avoiding volatility risk."The product has a monthly reset dividend yield, currently at 11.25%, aimed at stabilizing its trading price around the $100 par value. So far, preferred shares have made up a small portion of Strategy's financing. The company has sold approximately $370 million in common stock and $7 million in perpetual preferred shares to fund its recent Bitcoin purchases over the past three weeks.Le's statement aligns with the previous public remarks of Executive Chairman Michael Saylor. Saylor stated in an interview with CNBC on Tuesday that concerns about the market forcing the company to sell its holdings due to Bitcoin's decline are "unfounded," and reiterated the company's plan to "continue buying Bitcoin every quarter."

According to HyperInsight monitoring, as the cryptocurrency market declines, Huang Licheng has reduced his long position by 1,800 ETH in the past hour. His 25x long position in ETH has decreased to 500 ETH, approximately $869,000, with a liquidation price of $1,886.59. The account now has only $43,000 left, with a total loss of $25.9 million.

According to Jinshi reports, traders have fully priced in the possibility of the Federal Reserve cutting interest rates in July, after the market previously expected the cut to occur in June.