Skybridge Capital has been accumulating Bitcoin in tranches at $84,000, $63,000, and the current range

February 11 – Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (SAR), announced Wednesday that the Hong Kong Monetary Authority (HKMA) is actively reviewing stablecoin issuer license applications, with the first batch expected to be issued next month. Speaking via video at the **Consensus Hong Kong Conference 2026**, Lam highlighted Hong Kong’s unparalleled advantages: the “One Country, Two Systems” framework, an open and transparent market, and its role as a magnet for international capital, talent, and information. She noted the SAR government is committed to building Hong Kong into a global hub for digital asset innovation. Lam also emphasized Hong Kong’s strong edge in advancing Web3 development, stating the city will maintain its leading position in financial technology (fintech). She welcomed institutions worldwide to collaborate with Hong Kong to shape a stronger digital future. (Source: Golden Finance)

Payment giant Stripe, active in crypto and AI lately, officially launched x402 protocol support on February 11th—letting developers charge AI agents directly with USDC stablecoin settlements on the Base chain. Stripe has integrated the preview version of x402 via its PaymentIntents API, enabling developers to build machine payments with just a handful of lines of code. Use cases include API calls, tool usage, web scraping, and content access. Human-to-agent transactions appear together on the Stripe dashboard, with near-zero fees, instant settlement, and no chargebacks. Stripe Product Manager Jeff Weinstein noted the rollout starts with Base + USDC, with plans to add more protocols, blockchains, and currencies later. Stripe is also ramping up its stablecoin infrastructure: it’s incubating Tempo, a Layer 1 blockchain in partnership with Paradigm, focused on global stablecoin payments (with ambitions to replace systems like SWIFT). The Tempo testnet is live now, and the mainnet is

On February 11, Binance Futures is set to launch pre-market trading for its USD?-margined AZTECUSDT perpetual contract.

February 11 — Goldman Sachs sharply cut its holdings of spot Bitcoin and Ethereum ETFs in Q4 2025, per the latest 13F filing with the U.S. Securities and Exchange Commission (SEC). As of Dec. 31, 2025, the firm held ~21.2 million spot Bitcoin ETF shares, worth ~$1.06 billion — a 39.4% drop from its Q3 2025 stake. For spot Ethereum ETFs, it held 40.7 million shares (valued at ~$1 billion), down 27.2% from the prior quarter. During the quarter, Goldman launched new positions in spot XRP and Solana ETFs, holding ~$152.2 million in XRP ETFs and ~$108.9 million in Solana ETFs. The moves came amid a broader crypto market slump in Q4 2025. Bitcoin’s price fell from ~$114,000 at end-September 2025 to ~$88,400 by year-end; Ethereum dropped from $4,140 to $2,970. Spot Bitcoin ETFs saw net outflows of $1.15 billion in the quarter, while spot Ethereum ETFs recorded net outflows of $1.46 billion.

On February 11, Robinhood released its Q4 2025 earnings report, posting a record quarterly net revenue of $1.28 billion—up 27% year-over-year (YoY)—but missing Wall Street’s consensus estimate of $1.34 billion. As a result, HOOD shares fell as much as 7.66% in after-hours trading to $79.04, marking a 42% drop from their October 3 high of $148.67. **Segment breakdown**: - Crypto revenue declined 38% YoY to $221 million, weighed by a sustained crypto market pullback since October. - Quarterly net profit totaled $605 million (down 34% YoY), while earnings per share (EPS) hit $0.66—slightly topping the Street’s $0.63 forecast. **Trading volumes**: - Crypto transaction volume (including subsidiary Bitstamp) rose 3% quarter-over-quarter (QoQ) to $82.4 billion. - Stock trading volume climbed 10% QoQ to $710 billion. - Options contract volume increased 8% QoQ to 659 million. **Key highlight**: “Other” trading revenue—fueled by forecast markets and futures—surged 375% Yo

February 11 — According to Coinbob Popular Address Monitoring, the largest on-chain gold short whale (address: 0xfc66..., nicknamed "On-chain Stockholder") recently held ~$80M in short positions across various on-chain stocks and commodities, plus ~$40M in crypto positions (ETH, SOL, etc.). The address has realized ~$12.7M in profits this month. Over the past few days, the whale has continued to boost its PAXG (on-chain gold) short position, growing from $24.9M to $30.3M. Its short position in GOLD (tokenized gold asset) has also held steady at ~$10.5M. Notably, the whale has built a ~$36M short position on the "ETH/SOL exchange rate" by shorting ETH and longing SOL simultaneously—this position has already generated significant unrealized profits. Current key holdings: - 5x PAXG: ~$30.3M position, avg entry $4974, ~$520k unrealized loss - 20x ETH: ~$18.8M position, avg entry $2043, ~$270k unrealized gain - 20x SOL: ~$18M position, avg entry $80.6, ~$610k unrealized gain - 5