Major Whale Returns to HyperLiquid with $1.38M USDC for HYPE Short Position

GateNews
HYPE0,41%
USDC-0,02%

Gate News bot message, a significant crypto whale has returned to HyperLiquid after a 7-month hiatus, depositing $1.38 million in USDC. The whale proceeded to open a short position on HYPE with 1x leverage. Records show that this whale’s previous trading activities had generated profits of $1.14 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

TD Cowen: The U.S. may permanently ban CBDC, with the real estate amendment becoming a key factor

According to analysis, the U.S. Congress may push for a permanent ban on Central Bank Digital Currencies (CBDC). Senator Cruz has introduced an amendment to turn the temporary ban into a permanent one. This move reduces concerns about the Federal Reserve issuing digital dollars and benefits the stablecoin market. However, the ban could become an obstacle to advancing the CLARITY Act, lowering its priority.

MarketWhisper1h ago

Circle launches native USDC and cross-chain transfer protocol CCTP on EDGE Chain

Gate News Announcement, March 11 — According to official sources, stablecoin issuer Circle (CRCL) announced that starting March 9, the native USDC and its cross-chain transfer protocol (CCTP) are officially live on EDGE Chain. This integration will bring fully regulated, USD-backed stablecoins directly into the EDGE Chain ecosystem, offering seamless cross-chain functionality and eliminating the need for wrapped or bridged assets.

GateNews1h ago

USDC transfer volume surpasses USDT for the first time, with stablecoin trading volume reaching $1.8 trillion in February, a record high

By February 2026, the monthly trading volume of stablecoins reached $1.8 trillion, with USDC surpassing USDT for the first time, indicating institutional preference for compliant dollar facilities. Circle used USDC to complete a rapid cross-border settlement of $68 million, and investment institutions are optimistic about its prospects, rating it as outperforming the market. Competitive pressure comes from Tether, PayPal, and Stripe.

GateNews1h ago

Three measures in one week in South Korea raise concerns: selling Bitcoin, excluding stablecoins, and restricting exchange shareholdings

South Korea has recently introduced three cryptocurrency policies: the sale of 320.88 Bitcoins, the exemption of stablecoins (USDT and USDC) from corporate investment guidelines, and a 34% ownership cap for exchange shareholders. These measures have raised concerns in the market about the direction of regulation. While each measure has reasonable explanations, the cumulative effect could impact market confidence, especially during this sensitive period when new regulations are pending.

MarketWhisper2h ago

Mega Financial's Real-World Stablecoin Test: Large-Scale Cross-Border Remittances Still Favor Banks! NT Dollar Stablecoin Use Cases Need Clarification

Mega Bank conducted a real-world test of cross-border remittances to 17 countries. The results showed that small remittances like USDT are faster and have lower fees compared to traditional banks, while large remittances (over $7000) are more cost-effective with banks. Additionally, stablecoins face restrictions under multiple country regulations, so practical applications still require cautious consideration.

CryptoCity2h ago
Comment
0/400
No comments