Whale "0x960" Deposits $1.22M USDC to HyperLiquid, Opens Leveraged Long Positions

Visa enables on-chain settlement of Ethereum stablecoins, with USDC annual trading volume exceeding $3.5 billion

February 10 News, global payments giant Visa has officially launched an on-chain settlement system based on the Ethereum network, using USDC as the settlement medium. The service was quietly launched in December 2025, but its on-chain annualized transaction volume has already exceeded $3.5 billion, marking an acceleration of the traditional financial system's migration to blockchain infrastructure. By transferring some cross-border and institutional payments on-chain, Visa provides corporate clients with 24/7 fund settlement capabilities, eliminating delays caused by banking hours and multiple intermediaries. The settlement cycle has been compressed from several days to just a few minutes, while also enhancing the traceability and transparency of fund flows. This change demonstrates that Ethereum is no longer just a smart contract platform but is evolving into a global settlement network.

An address with a loss of over $1.3 million USD deposited $3.85 million USD in USDC into Hyperliquid and placed an order to short 3000 ETH.

ChainCatcher reports that, according to Lookonchain monitoring, an address with a loss of over $1.3 million (0x15a4) has resumed trading. This address deposited $3.85 million USDC into Hyperliquid and placed a short order for 3,000 ETH, worth $6.09 million. The trader quickly returned after a brief absence.

A certain whale has deposited an additional 26.3 million USDC and increased its ETH short position once again.

PANews February 10 News, according to Onchain Lens monitoring, a certain whale "0x6c8" further deposited 26.3 million USDC and increased its ETH short position, currently with an unrealized loss of $1.15 million. Its current ETH short position is approximately $78.41 million.

A major whale has deposited an additional 26.3 million USDC to increase their ETH short position, currently with an unrealized loss of approximately $1.19 million.

BlockBeats News, February 10 — According to Onchain Lens monitoring, the whale address 0x6c8 has deposited an additional 26.3 million USDC, further increasing its ETH short position. Currently, this address is approximately $1.19 million in the red. It is currently short 38,999 ETH, worth about $78.48 million.

Vitalik criticizes the DeFi industry! USDC lending is pseudo-decentralized; over-collateralization is the real deal

Vitalik and c-node discuss the essence of DeFi. c-node criticizes USDC lending as "commodity worship" that is superficial. Vitalik believes that over-collateralized algorithmic stablecoins are true DeFi and require diversification of counterparty risk. The criticism of USDC strategy is just about centralized coin deposit protocols, calling for a shift away from the US dollar toward decentralized accounting.

Global prediction platform Polymarket launches Chinese version, drawing attention. What are the risks for domestic participants?

Polymarket's launch of a Simplified Chinese interface has attracted attention, but due to its business model potentially being classified as illegal financial activity and online gambling, participants face legal risks. Ordinary users and promoters should exercise caution to avoid legal issues. It is recommended to cease promotion to protect your legal and financial safety.