SHELL Buyback Address has once again withdrawn 1 million tokens from Binance, and the buyback progress has reached 81.2%.

**Neil Shen’s H&H International Files 13F: Q4 2025 US Holdings Hit $17.5B, AI Allocation Surges** On February 18, Neil Shen’s investment firm H&H International Investment filed its 13F form disclosing its U.S. stock holdings as of the fourth quarter of 2025. The quarter-end portfolio value reached approximately $17.49 billion, up roughly 19% from $14.7 billion in the third quarter (Q3). The firm held 14 U.S. stocks, with its top 10 positions accounting for 99.66% of the portfolio. Its investment style remained heavily concentrated in value stocks and AI-focused opportunities. The top five holdings were: Apple (AAPL) at 50.30%, Berkshire Hathaway Class B (BRK.B) at 20.63%, NVIDIA (NVDA) at 7.72%, Pinduoduo (PDD) at 7.48%, and Alphabet Class C (GOOG) at 3.33%. ### Key Q4 Position Changes - **Apple (AAPL):** Reduced holdings by 7.09%, selling 2.47 million shares. - **NVIDIA (NVDA):** Boosted positions by over 1100%—from ~600,000 shares in Q3 to ~7.24 million shares—becoming t

Binance Alpha Airdrop Goes Live Today (Feb 18) at 18:00 UTC+8 Users holding at least 242 Alpha Points can claim tokens on a first-come, first-served basis—until the airdrop pool is fully distributed or the event concludes. More details coming soon.

On February 18, per HTX market data, Bitcoin topped $68,000, with its 24-hour price change narrowing to 0.74%.

On February 18, cryptocurrency research firm 10X Research noted that while Bitcoin has fallen 46% from its all-time high, Bitcoin ETFs have seen net outflows of just $8.5 billion—a relatively moderate pullback relative to their total assets under management (AUM). ETF ownership structure reveals market makers and arbitrage-focused hedge funds are the dominant holders, with most positions hedged or market-neutral rather than directional bets on Bitcoin. Additionally, a large share of holdings belong to long-term institutional investors with low turnover and extended investment horizons. Per the latest 13F filings for Q4 2025, an estimated 55-75% of the $61 billion in assets under BlackRock’s IBIT remain held by market makers and arbitrage-focused hedge funds. During Q4 2025, as Bitcoin consolidated around $88,000, market makers reduced their exposure by roughly $1.6-$2.4 billion—reflecting diminished speculative demand and fewer arbitrage opportunities.

February 18th — Mark Spitznagel, founder and CIO of Universa Investments (the firm behind the "Black Swan Fund"), said the long-term uptrend of U.S. stocks is far from over, at least for now. Over the next year, markets will stay in the "Goldilocks range": inflation and interest rates declining, the economy slowing but not sharply, and market sentiment turning euphoric — pushing stocks higher and ending in a blow-off top. However, Spitznagel added that the "largest bubble in human history" has entered its final stage. Euphoria could lift the S&P 500 to 8,000 points or even higher — followed by a sharp reversal.

Feb 18: DeFi lending protocol Moonwell incurred a roughly $1.78 million default due to an oracle misconfiguration. On Feb 15, Moonwell activated Chainlink’s OEV aggregator contract for cbETH price oracles via governance proposal MIP-X43. A critical configuration error temporarily valued cbETH at just $1. On-chain bots and liquidators acted swiftly, repaying only $1 of debt to seize cbETH collateral worth thousands of dollars. The mistake triggered the liquidation of 1,096.317 cbETH, wiping out most or all collateral for many borrowers and leaving the protocol with heavy losses. The Moonwell team immediately reduced cbETH’s borrowing and supply caps to 0.01 to contain further damage. A spokesperson declined to disclose details about the error’s source or underlying vulnerability.