Naked Ethereum Underperforms US Dollar Cash, ETH Braces for "Lost Decade"

February 13th — Per Coinbob Popular Address Monitoring, the "Respected Whale Trader" wallet (0x894...) has fully exited its prior $40 million long positions in the Nasdaq index and copper prices. The trader has now shifted focus to U.S. tech stocks, holding a total position of ~$23.5 million, with a focus on the storage and AI sectors. Key long positions include: - 10x long on Micron (MU): ~$9.31M position size, average entry price $379.993, unrealized gain ~$830,000 - 5x long on NVIDIA (NVDA): ~$5.36M position size, average entry price $192.858, unrealized loss ~$140,000 - 7x long on Google (GOOGL): ~$4.63M position size, average entry price $312.51, unrealized loss ~$50,000 - 5x long on SanDisk (SNDK): ~$3.19M position size, average entry price $592.31, unrealized gain ~$230,000 The trader specializes in U.S. stocks and on-chain precious metals trading. Previously, they were the largest long holder of on-chain gold, before taking a $40 million position in Nasdaq and coppe

As of February 13th, per data from LookIntoBitcoin, a Bitcoin whale has transferred 8,200 BTC (valued at approximately $559 million) to Binance over the past two days. Bitcoin’s price has dipped following each of the whale’s deposits to the exchange.

**February 13: Perp DEX Extended—founded by ex-Revolut team members—has launched its first six stock perpetual contract trading pairs, per official sources.** The pairs include Google parent Alphabet, Nvidia, AMD, Tesla, Strategy, and Amazon. In a statement, Extended noted the main reason stock perpetual contracts haven’t scaled meaningfully on-chain is insufficient liquidity. The platform is actively addressing this gap and will share further updates down the line.

February 13th — Official sources confirm Hyperliquid has activated the cross-margin feature for its HIP-3 permissionless perpetual contract market on testnet (mainnet support is not yet live). Notably, this feature qualifies for Hyperliquid’s mainnet-level bug bounty program. For HIP-3 deployers: An asset must first have cross-margin enabled before users can utilize it for cross-margin trading. How it works: Under a unified account, all cross-margin perpetual contracts using the same collateral asset can share margin across multiple DEXs. Assets from different DEXs are protected up to their maintenance margin threshold to prevent automatic liquidation caused by sharp price swings on other DEXs. This “protective cross-margin” system balances system solvency with user experience. Key caveat: Cross-margin is not designed for DEX abstract interfaces, and such interfaces should not support cross-margin usage via abstract trades. Users should use a unified account or portfolio margi

Israeli prosecutors have indicted a reserve soldier and a civilian, charging them with using classified military information to place bets on blockchain-based prediction platform Polymarket, The Block reported on February 13. Prosecutors allege the soldier accessed sensitive operational intelligence through his military position and shared it with the civilian, who then used the information to wager on events tied to military operations on Polymarket. Authorities noted the suspects were arrested in a joint operation.

On February 13, official sources confirmed that Solana ecosystem trading platform Bullet has launched perpetual contract trading on its mainnet. Its base-layer architecture is built for high-speed trading, supporting up to 30,000 orders per second with latency as low as 1 millisecond. Currently, Bullet’s mainnet is restricted-access. Users looking to participate early need an invitation code, which can be obtained by reaching out to the team. Access for waitlist users will be rolled out gradually in batches, with the first batch of whitelisted users gaining entry today. It is reported that Bullet offers derivatives, spot trading, and lending products on a single platform, delivering a one-stop “trinity” service.