Odaily News According to Arkham monitoring, Michael Saylor's average BTC purchase price has decreased. Strategy purchased BTC with $168.4 million, lowering MSTR's average cost basis by $29 to $76,027. This marks the first decline in this data point in nearly two and a half years, since September 25, 2023.

Odaily News According to a 13G filing submitted to the SEC, Peter Thiel and his affiliated entity Founders Fund have fully divested their 7.5% stake in Ethereum financial strategy company ETHZilla (ETHZ).

ETHZilla was renamed and pivoted to an Ethereum treasury model from biotechnology company 180 Life Sciences Corp. in August 2025. News of Peter Thiel's participation in the investment at that time drove its stock price up over 90% in a single day. The stock is currently priced around $3.2, down approximately 97% from its high of $107 in August last year.

In December last year, ETHZilla sold 24,291 Bitcoin, valued at $74.5 million, to redeem senior secured convertible notes. The company is now shifting towards RWA tokenization business. It recently acquired a portfolio of 95 housing loans for $4.7 million and plans to tokenize them on an Ethereum Layer 2. Additionally, it has acquired two CFM56-7B24 aircraft engines for asset tokenization. Currently, ETHZilla still holds 69,802 Ethereum, valued at approximately $139 million.

Odaily News Binance Alpha will conduct an airdrop at 18:00 today. Users with at least 242 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event concludes. More details will be announced soon.

Odaily News The International Monetary Fund (IMF) released a report on February 17, warning the Japanese government to maintain the independence of the Bank of Japan, control fiscal expansion, and avoid addressing livelihood issues by cutting consumption taxes. The release of this report coincides with the nomination election for Japan's next prime minister. It is reported that the market is closely watching whether Sanae Takaichi will oppose further interest rate hikes by the central bank, as well as her previously proposed two-year commitment to "zero food consumption tax." Regarding monetary policy, the IMF pointed out that maintaining the independence and credibility of the Bank of Japan helps stabilize inflation expectations, and stated that the Bank of Japan "should continue to exit monetary easing, aiming for the policy rate to reach a neutral level by 2027." On fiscal policy, the IMF believes that further fiscal easing is not advisable in the short term. This contradicts Takaichi's proposal of "responsible proactive fiscal policy." The IMF believes that although Japan currently has some fiscal space, it still needs to maintain fiscal restraint to solidify fiscal buffers and preserve its ability to respond to shocks. The IMF predicts that in the long term, Japan's government fiscal deficit will widen, expenditure pressures will increase, and total public debt will further grow. (Jin10)

Odaily According to industry insiders, Ethereum is currently in a "gap between narratives." Markets tend to price in uncertainty first when lacking a clear long-term value logic. Over the past few years, the dominant market narrative has been that scaling primarily occurs on Layer 2, while the mainnet maintains security, decentralization, and a lean architecture. This path successfully attracted capital and developer resources. However, current market focus is shifting towards zero-knowledge technology and privacy capabilities returning to the base layer, leading to a mismatch in expectations for some investors who built valuation models based on the old roadmap. Full on-chain transparency presents practical barriers for institutional capital, as large corporate treasuries or funds are unwilling to have their trading strategies tracked in real-time. If Ethereum aims to attract trillion-dollar scale institutional capital, protocol-level privacy capabilities will become a key competitive variable. Furthermore, the expansion of the options market around spot ETFs is also altering Ethereum's price formation mechanism, with the influence of covered call strategies and market maker hedging behavior continuously increasing. (Forbes)

Odaily According to a post by 10x Research on X, despite Bitcoin's 46% decline, Bitcoin ETFs have only recorded $8.5 billion in net outflows. Based on the latest Q4 2025 13F filings, an estimated 55%-75% of IBIT's $61 billion in assets are held by market makers and hedge funds focused on arbitrage, with most of their positions being hedged or market-neutral, rather than expressing directional views. In Q4 2025, as Bitcoin consolidated around $88,000, market makers reduced their exposure by approximately $1.6 billion to $2.4 billion, reflecting a decline in speculative demand and a reduction in arbitrage inventory needs.

Odaily News Renowned analyst Willy Woo stated that he has bad news for the perpetual bull market optimists: Bitcoin's bearish trend is still ongoing and should be divided into three phases:

Phase One — The Beginning. At this stage, Bitcoin liquidity has already collapsed, a situation that occurred in Q3 2025, and prices begin to fall. Bitcoin, as a small-scale asset, is extremely sensitive to liquidity. For this reason, it tends to lead the global macroeconomy into a bear market, often by several months. In other words, when smart money exits, Bitcoin reacts quickly. During this phase, die-hard bulls will blindly claim this is a correction within a bull market, but they cannot provide any solid evidence of capital inflows, only fabricating narratives.

Phase Two — Global stock markets turn bearish. This is a massive entity worth 100 trillion USD, like a giant supertanker — it moves slowly. This is the mid-phase of the Bitcoin bear market, where all risk assets are declining. There is no doubt we are in a bear market.

Phase Three — The Dawn. In this phase, liquidity begins to improve, capital outflows peak and stabilize. Investors are returning. The final price crash typically occurs during this phase, either just before or shortly after the peak of capital outflows.

Under the current bear market framework, Bitcoin is currently in Phase One and is about to enter Phase Two.

Odaily According to Mark Spitznagel, Founder and Chief Investment Officer of the "black swan fund" Universa Investments, the multi-year upward trend in U.S. stocks is far from over—at least for now.

In a recent letter to investors, Spitznagel wrote that over the next year, the market will remain in a "Goldilocks zone—with inflation and interest rates declining, the economy slowing but not excessively, and market sentiment turning euphoric—stocks will continue to climb and end with a surge." However, he added that the "largest bubble in human history" has now entered its final stage.

Spitznagel's hedge fund, with nearly two decades of history, focuses on tail risk hedging, which protects investor portfolios from the next major crash. He stated that as long as the economy remains resilient, the stock market will continue to rise—a view he has held since late 2022. In an interview, he claimed that market euphoria could drive the S&P 500 index to 8,000 points or even higher—followed by a sharp reversal.

The concern is: if the Federal Reserve maintains current interest rates for an extended period, companies will begin to struggle with fundraising. Spitznagel noted that although the economy appears resilient, monetary policy has lag effects, and the Fed's excessive focus on lagging indicators like inflation has left it behind the curve.

"The Fed is currently on hold, and as the economy gradually deteriorates, the market will expect more easing measures," he said. In this context, stocks will climb on expectations of more rate cuts, only to fall rapidly when the economy slows. "At some point, the Fed will be powerless to intervene, exactly as happened in 2007 and 2008."

Odaily News According to CCTV, on February 18 local time, in the first round of voting for the Prime Minister designation election in Japan's House of Representatives, Liberal Democratic Party President Sanae Takaichi received more than half of the votes, winning the election. Subsequently, the Prime Minister designation election will be held in the House of Councillors. Since the Japanese Constitution stipulates that the results of the House of Representatives election have "priority," it can be confirmed that Sanae Takaichi will become Japan's Prime Minister. (CCTV)

Odaily News DeFi lending protocol Moonwell has incurred approximately $1.78 million in bad debt due to an oracle configuration error. After Moonwell activated Chainlink's OEV wrapper contract via governance proposal MIP-X43 on February 15th, a critical misconfiguration occurred in the price oracle for cbETH, which at one point valued it at only $1. On-chain trading bots and liquidators quickly took action, seizing cbETH collateral by repaying debts of around $1.

This configuration error led to the liquidation of a total of 1,096.317 cbETH, wiping out the vast majority of collateral for many borrowers and leaving the protocol with a significant amount of bad debt. The Moonwell team immediately reduced the cbETH borrowing and supply caps to 0.01 to limit further losses upon discovering the issue, but the official team has currently declined to comment further on the source of the error or the details of the vulnerability.

1. Machi Big Brother has increased his long positions in ETH, HYPE, and others once again;

2. AI Agent startup Temporal completed a $300 million Series D funding round at a $5 billion valuation, led by a16z;

3. Arthur Hayes deposited 1,000 ETH into Bybit;

4. Two addresses purchased another 2,600 ETH, currently holding 4,200 ETH with an unrealized loss of $2.133 million;

5. Bitcoin spot ETFs saw a total net outflow of $105 million yesterday, with Grayscale BTC leading with a net inflow of $35.9735 million;

6. Ethereum spot ETFs saw a total net inflow of $48.6305 million yesterday, with none of the nine ETFs experiencing a net outflow;

7. U.S. SOL spot ETFs saw a total daily net inflow of $2.1938 million;

8. Three major Japanese securities firms are considering entering the cryptocurrency trading business;

9. Zora launched an attention market on Solana and is recruiting "attention economists".

According to Onchain Lens monitoring, Machi Big Brother continues to increase and open new positions with maximum leverage despite suffering significant losses. His current unrealized losses exceed $27.8 million.

As of now, Machi Big Brother's long positions include:

A $13.08 million ETH long position with 25x leverage;

A $1.69 million BTC long position with 40x leverage;

A $1.29 million HYPE long position with 10x leverage;

A $38,000 VVV long position with 3x leverage.

According to data from SoSoValue, Bitcoin spot ETFs experienced total net outflows of $105 million yesterday (US Eastern Time, February 17).

The Bitcoin spot ETF with the highest single-day net inflows yesterday was the Grayscale Bitcoin Mini Trust ETF (BTC), with net inflows of $35.9735 million. Currently, BTC's historical total net inflows have reached $2.086 billion.

This was followed by the Fidelity ETF (FBTC), with single-day net inflows of $5.8937 million. FBTC's historical total net inflows have now reached $10.988 billion.

The Bitcoin spot ETF with the highest single-day net outflows yesterday was the BlackRock ETF (IBIT), with net outflows of $120 million. Currently, IBIT's historical total net inflows stand at $61.487 billion.

As of the time of writing, the total net asset value of Bitcoin spot ETFs is $85.52 billion. The ETF net asset ratio (the proportion of ETF market value to Bitcoin's total market cap) has reached 6.31%, and the historical cumulative net inflows have reached $54.224 billion.

According to data from SoSoValue, Ethereum spot ETFs recorded a total net inflow of $48.6305 million yesterday (U.S. Eastern Time, February 17).

The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a daily net inflow of $22.8947 million. ETHA's historical total net inflow has now reached $12.000 billion.

This was followed by Fidelity's ETF FETH, with a daily net inflow of $14.4129 million. FETH's historical total net inflow has now reached $2.488 billion.

As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.467 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) reaching 4.76%. The historical cumulative net inflow has reached $11.697 billion.

Odaily News AI Agent startup Temporal announced the completion of a $300 million Series D funding round at a $5 billion valuation, led by Andreessen Horowitz (a16z), with participation from Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital, among others. It is reported that OpenAI, Snap, Netflix, and JPMorgan Chase are among its users. The company stated that this funding round is not about "chasing the AI hype," but rather to build a platform to address the common reliability challenges faced by AI Agents in complex, long-running processes. (Reuters)