Investors faced a sobering quarter as Coinbase reported a net loss for Q4 2025, snapping an eight-quarter streak of profitability as the crypto market cooled. The company posted earnings per share of 66 cents, missing consensus of 92 cents, while revenue slipped 21.5% year over year to $1.78 billion. A mixed revenue mix underscored the shift in the business: transaction-related revenue declined sharply, while subscriptions and services advanced, highlighting a bifurcated earnings trajectory in a tighter crypto ecosystem. The quarter arrived against a backdrop of a broader crypto price retreat, with Bitcoin (CRYPTO: BTC) enduring meaningful pressure through the period and into year-end. Key takeaways Q4 2025 net loss of $667 million ends Coinbase’s run of eight straight profitable quarters, reflecting a weaker quarterly mix and softer market conditions. Total revenue dropped to $1.78 billion, down 21.5% year over year, underscoring a broader demand slowdown in trading activity. Tr...
Decibel Foundation is moving to embed an on-chain stablecoin into its Aptos-native derivatives ecosystem. The protocol-native token, USDCBL, issued by Bridge, is set to back on-chain perpetual futures trading as Decibel gears up for its February mainnet launch. The dollar-denominated asset is designed to internalize reserve economics, reducing dependence on third-party stablecoin issuers and giving the protocol more control over collateral dynamics. Decibel, incubated by Aptos Labs , plans to debut in February with a fully on-chain perpetual futures venue that relies on a single cross-margin account. The platform’s December testnet reportedly attracted more than 650,000 unique accounts and exceeded 1 million daily trades, figures that have yet to be independently verified. Key takeaways Decibel will launch a protocol-native stablecoin, USDCBL, issued via Bridge’s Open Issuance platform, ahead of its Aptos-based perpetual futures exchange mainnet. USDCBL reserves will be backed by a...