A newly created address deposited 12.88 million USDC into Hyperliquid, going long on ETH with 20x leverage
February 10th, per LookOnChain monitoring, the new address 0x6C85 deposited 12.88 million USDC into Hyperliquid to open a long ETH position with 20x leverage. As of now, the user holds an open long position of 16,270 ETH (valued at $33.38 million).
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「Crypto Trader CBB」 continues to build a long position on the Nasdaq 100, with a position size of over $2.06 million
February 10th — Per HyperInsight monitoring (https://t.me/HyperInsight), cryptocurrency trader CBB (X: @Cbb0fe) has opened a new long position in XYZ100: 81.89 contracts, valued at approximately $2.0654 million, with an average entry price of $25,209.56.
The position’s current liquidation price is $22,049.20, while XYZ100 trades at $25,220.99 — leaving the long position slightly profitable.
CBB is a veteran trader and on-chain participant with roughly 100,000 followers on X. He gained widespread attention for organizing a 2025 hunt targeting a multi-billion-dollar BTC short whale. Currently, he engages in high-frequency commodity trading on Hyperliquid, primarily holding short positions.
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Fed Governor Mester: The Fed Does Not Have Absolute, 100% Pure Independence
On February 10, Federal Reserve Governor Milan noted that while the Fed’s balance sheet needs to shrink, policymakers should not be deterred from launching large-scale asset purchases during economic crises.
“Even as the balance sheet contracts, the central bank must still retain the ability to deploy quantitative easing (QE) in a crisis,” he said. He emphasized that the U.S. dollar would need to see a “truly significant fluctuation” to have a meaningful impact on inflation.
Turning to Fed independence, Milan stated that central bank independence delivers better policy outcomes—but it is a means to an end, not an end in itself.
“During crises, the Fed and Treasury will cooperate extensively,” he noted. “There is no absolute, 100% pure independence; however, making decisions based on economic needs is critical: we tighten when the economy requires it, loosen when it needs it, and not for any other reason.”
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Binance will conduct wallet maintenance for Tron (TRC20) tomorrow
**Binance to Suspend Tron (TRC20) Deposits/Withdrawals for Wallet Maintenance**
Per an official announcement on Feb. 10, Binance will conduct Tron (TRC20) wallet maintenance at 3:00 PM UTC+8 on Feb. 11.
To support the work, Tron (TRC20) deposits and withdrawals will be suspended starting at 2:55 PM UTC+8 on Feb. 11, 2026. The maintenance is expected to take approximately one hour, with services resuming automatically once completed.
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Polymarket Chief Legal Officer: Lawsuit Filed Against Massachusetts in Federal Court
On February 10, Polymarket Chief Legal Officer (CLO) Neal Kumar took to X to announce the firm has filed a lawsuit against the state of Massachusetts in federal court.
Kumar emphasized that U.S. Congress has granted the Commodity Futures Trading Commission (CFTC) exclusive federal jurisdiction over event contracts—superseding state authority. Since these markets operate nationally, he noted, key issues must be resolved in federal court.
States like Massachusetts and Nevada’s attempts to shut down Polymarket US and other prediction markets via state courts cannot override federal law and would cause them to miss out on opportunities to build future markets, Kumar added.
While pursuing resolution in federal court, Kumar stated he remains willing to engage with other states and advocate for user rights.
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「Wood Sister」: Bitcoin is a key asset embodying three major changes, and its low correlation with gold will promote its attribute diversification
On February 10, Cathie Wood—often nicknamed “Wood Sister”—said in her latest podcast that Bitcoin isn’t the traditional “digital gold” in a literal sense, so its short-term performance doesn’t align with gold’s.
Since 2019, the correlation coefficient between Bitcoin and gold returns has been just 0.14. That’s exactly Bitcoin’s value as a diversifying asset: low-correlation assets boost a portfolio’s risk-adjusted returns. She noted the key to successful diversification is adding new assets with low correlation, and Bitcoin fits that bill.
Moreover, Wood defines Bitcoin as an asset embodying “three revolutions in one”:
- A global digital sovereign monetary system;
- A new layer for the internet stack supporting native currency, intelligent agents, and commerce;
- A new asset class (with Bitcoin as the most secure, largest network representing crypto assets).
She describes Bitcoin as being in the early stages of the innovation S-curve. Like all historically disruptive tec
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