Coinbase Swings to $667M Q4 Loss as Crypto Portfolio Markdowns Bite

Coinbase reported a $667 million net loss for the fourth quarter of 2025, its first quarter in the red since 2023. The loss, which was largely driven by non-cash write-downs on the company’s crypto holdings and strategic investments, landed far below analyst expectations and reversed a $1.3 billion profit...
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Crypto ATM regulation bill advances to Virginia governor

Virginia’s crypto ATM regulation bill passed both state chambers and now awaits the governor’s signature. The legislation creates statewide licensing requirements, consumer protections, and transaction limits while prohibiting operators from marketing kiosks as ATMs or using ATM-related language. Delegate Michelle…...
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Aaron Klein: The Fed’s payment system is stuck in the past | Macro Musings

The Fed’s development of new payment systems has been significantly delayed. Payment system improvements by the Fed are often reactive rather than proactive. Current payment systems operate like batch processes, which are outdated. The post Aaron Klein: The Fed’s payment system is stuck in the past | Macro Musings...
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