Coinbase launched its Agentic Wallets feature, allowing AI agents to autonomously trade, earn and spend cryptocurrencies using the x402 protocol. The rollout introduces an on-chain machine-driven transaction workflow where AI-operated wallets interact with crypto markets and payments without direct user execution, the project description shows.

Global markets face a heavy data and event calendar next week, with the Federal Reserve set to publish minutes of its January monetary policy meeting at 03:00 on Thursday and the initial reading of Q4 U.S. GDP and core PCE price index due Friday at 21:30, Jin10 reports. Central bank activity includes speeches by Fed officials, release of the Reserve Bank of Australia's meeting minutes and an interest rate decision from the Reserve Bank of New Zealand, where markets widely anticipate no change. The U.S. Supreme Court will issue a ruling on February 20 that includes a decision on Trump's "Liberation Day" tariff policy, while Walmart is scheduled to report its fiscal Q4 earnings as reporting season nears its end.

Benchmark analyst Mark Palmer lowered Coinbase's (COIN) price target to $267 from $421, a 37% reduction, while maintaining a Buy rating following the company's fourth-quarter earnings, The Block reports as cited by ChainCatcher. Coinbase reported Q4 2025 net revenue of $1.71 billion, down 5% sequentially, and a GAAP net loss of $6.67 billion, driven primarily by $7.18 billion in unrealized losses on its crypto asset portfolio and $3.95 billion in losses from strategic investments. Palmer cut his FY2026 EPS forecast by 21% to $5.34 and set a Q1 2026 EPS estimate of $0.96, about 19% below consensus, noting the new target implies roughly 60% upside based on a current stock price near $164. The analyst said the business mix is becoming more diversified and resilient, with institutional trading revenue up 37% sequentially to $185 million, supported by the August acquisition of derivatives platform Deribit for $2.9 billion; stablecoin revenue rose 3% sequentially to $364 million with USDC average balance at an all-time high; subscription and services revenue reached $727.4 million, about 43% of net revenue, and full-year subscription and services revenue grew 23% year over year to $2.8 billion; the company expects Q1 2026 subscription and services revenue of $550 million to $630 million and reports trading revenue through February 10 of approximately $420 million; it ended 2025 with $11.3 billion in cash, repurchased $1.7 billion of shares in Q4 and early February, and its board approved an additional $2 billion share repurchase authorization.

More than $147 million in short positions were liquidated in under 24 hours, data show. The rapid liquidation highlights a sharp price move against leveraged traders during that period.

Garrett Jin, identified as #BitcoinOG1011short, transferred 261,024 ETH valued at $543M to Binance, resuming selling activity. The deposit marks renewed activity by the holder on the exchange platform.

On-chain data show 96,116 ETH valued at $199,692,986 was transferred from an unknown address to Binance. The transaction moved the Ether directly from the unidentified wallet to the exchange.

An unknown address transferred 95,526 ETH, valued at $199,078,974, to Binance. The transaction moved the Ethereum directly to the centralized exchange.

A long-standing Bitcoin whale has transferred thousands of BTC to Binance in a series of large transactions. The moves by this early holder have drawn attention among market participants and sparked discussion over potential implications for Bitcoin trading.

Benchmark lowered its price target on Coinbase by 37% while describing the exchange's business as "more diversified and durable than ever." The firm said Coinbase now has a stronger operational profile despite the significant target reduction.