ETH's largest long position's unrealized loss doing a martingale to lower its average price, current position size is approximately $116 million

February 13th, official sources confirm that Tether Gold has launched a new measurement unit called Scudo, designed to offer a fresh, intuitive way to gauge on-chain gold value. One Scudo is defined as equivalent to 1/1000 of an XAUT (gold ounce), giving users a more practical, user-friendly option for microtransactions—making sending and receiving on-chain gold simpler. Tether notes this move will boost the everyday usability of gold-backed digital assets, delivering a more flexible operational experience for investors and traders.

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.