Coinbase Loses Big, Ethereum Eyes Quick Comeback

Coinbase slips into a loss after an eight‑quarter streak of profits.

• Earnings: 66 ¢ per share, down from the 92‑¢ forecast.
• Revenue: $1.78 billion, 21.5 % lower than expected $1.85 billion.
• Transaction Income: ↓37 % to $982.7 million.
• Subscription & Services Revenue: ↑13 % to $727.4 million.

Ethereum’s New Privacy Proposal

• Key Players: Davide Crapis (AI lead) & Vitalik Buterin.
• Idea: Zero‑knowledge proofs to keep AI interactions private while still compensating providers and preventing spam.

Legal & Regulatory Highlights

• France: Three arrested for breaking into a Binance employee’s home, stealing two phones.
• US Judge: Sentenced Praetorian Group International chief to 20 years for a $200 million Bitcoin Ponzi scheme defrauding over 8,000 investors.
• Israel: Two arrested for insider trading on Polymarket predictions about a future military strike.

Emerging Risks

• Chainalysis Report: Sharp rise in crypto flows to suspected human‑trafficking networks, especially Southeast Asia.