According to @EmberCN, after a UNI top-chase long was liquidated and nearly wiped the account again, the trader deposited 709,000 USDC from Binance to Hyperliquid roughly one hour before the post, then added to ETH and UNI long positions, source: @EmberCN on X. According to @EmberCN and the linked Hyperliquid hyperbot page, the account now shows approximately $6.2 million in ETH longs and about $200,000 in UNI longs on Hyperliquid following the deposit, source: @EmberCN on X; source: Hyperliquid hyperbot.

According to @lookonchain, Machi Big Brother deposited 709,142 USDC on HyperLiquid to continue adding long exposure in ETH and UNI, source: @lookonchain. According to @lookonchain, the current reported positions are 1,750.7 ETH valued at 6.2 million dollars and 25,002 UNI valued at 201 thousand dollars, source: @lookonchain. Based on figures provided by @lookonchain, total reported open exposure is approximately 6.401 million dollars, making the new deposit about 11 percent of that amount, source: @lookonchain.

According to Onchain Lens, a whale deposited $8,000,000 USDC, opened a 25x long on ETH, and fully closed the position with a realized profit of $336,169. Source: Onchain Lens X post https://x.com/OnchainLens/status/1988631791994044500 and https://x.com/OnchainLens/status/1988858571329839339 The wallet identified as 0x93c841b243178bb0584d9d688b7f6cd5143c5a5e reflects the trade closure and PnL on-chain. Source: Hyperbot Network trader page https://hyperbot.network/trader/0x93c841b243178bb0584d9d688b7f6cd5143c5a5e Based on the figures reported, the realized profit equals roughly 4.2% of the $8M deposit. Source: Onchain Lens X post https://x.com/OnchainLens/status/1988631791994044500 and https://x.com/OnchainLens/status/1988858571329839339

According to @BinanceResearch, stablecoins are crypto’s killer app and key to global adoption, with the latest research mapping major issuers and on-chain usage patterns that anchor market liquidity, source: Binance Research. The report directs focus to market structure and adoption dynamics, emphasizing that tracking stablecoin supply growth, market share shifts between USDT and USDC, and chain distribution can inform views on spot and derivatives liquidity and potential altcoin rotations, source: Binance Research. It also outlines business models and policy themes shaping the sector, noting that issuance frameworks, settlement use cases, and operational revenues may influence spreads, funding rates, and market depth across exchanges and networks, source: Binance Research. The Stablecoin Business report provides data-driven coverage of major players and emerging themes, offering traders a framework to interpret stablecoin flows as leading indicators for crypto market activity, source: Binance Research.

According to @lookonchain, an attacker withdrew 3M USDC from OKX, split the funds across 19 wallets, deposited them into Hyperliquid, and opened 125.14M HYPE longs valued at $26.28M (source: @lookonchain). According to @lookonchain, the attacker then placed an approximately $20M buy wall near $0.21, canceled the orders, and triggered a liquidity collapse that caused mass liquidations (source: @lookonchain). According to @lookonchain, the Hyperliquidity Provider (HLP) absorbed the positions and lost around $4.9M, while the attacker’s entire $3M stake was wiped out (source: @lookonchain). According to @lookonchain, the tactic involved manipulating POPCAT to attack Hyperliquid, resulting in significant venue-side losses (source: @lookonchain).

According to @lookonchain, a newly created wallet 0x93c8 deposited 8M USDC into Hyperliquid and opened a 25x long on 10,695 ETH with $37M notional, setting a liquidation price at $2,808.2 (source: @lookonchain; source: Hypurrscan address shared by @lookonchain). Based on the reported position size and notional, the implied average entry is approximately $3,459 per ETH and the liquidation level is about 18.8% below that entry, highlighting a high-leverage risk point for ETH traders on Hyperliquid (calculated from figures reported by @lookonchain).

According to the source, Visa is piloting USDC payouts for creators and gig workers. USDC is a dollar-pegged stablecoin issued by Circle, Circle states. Visa has previously explored USDC settlement with partners as part of its stablecoin strategy, Visa has stated. USDC is widely used as a base asset on crypto exchanges and in DeFi, making payout adoption relevant to trading liquidity and pricing spreads, according to Circle.

According to the source, Circle reported $740M in Q3 revenue and beat analyst forecasts, indicating stronger earnings momentum tied to USDC (USDC). Source: user-provided source. Circle’s revenue is primarily driven by interest on USDC reserves held in cash and short-duration U.S. Treasuries via the Circle Reserve Fund, so elevated front-end yields bolster earnings quality. Source: Circle disclosures; BlackRock Circle Reserve Fund documentation; Federal Reserve policy statements. For trading impact, monitor USDC market cap trends, USDC versus USDT share on exchanges, and DeFi lending rates to assess potential shifts in stablecoin liquidity, basis spreads, and cross-venue depth. Source: CoinMarketCap circulating supply data; DeFiLlama stablecoin and lending dashboards. Verify the reported figure against Circle’s official financial communications before positioning, as confirmation or revisions can affect expectations for USDC liquidity programs and spillover flows into BTC and ETH. Source: Circle investor communications.

According to @ai_9684xtpa, ETH swing wallet 0x54d...e6029 spent 10 million USDC in the past 3 hours to purchase 2,908 ETH, with transactions visible on-chain. Source: x.com/ai_9684xtpa/status/1988509337153941853; explorer.cow.fi/address/0x54d250405d22e858D125Ce2c1aFFC7D73AFe6029 Including the Oct 20 tranche, the address has accumulated 5,419.3 ETH with a total outlay of $20 million, an average cost of $3,690.5, and an unrealized loss of approximately $1.33 million at the time of posting. Source: x.com/ai_9684xtpa/status/1988509337153941853; explorer.cow.fi/address/0x54d250405d22e858D125Ce2c1aFFC7D73AFe6029

According to Lookonchain, address 0x9992 borrowed 10M USDC from Aave roughly two hours prior to the post and purchased 2,909 ETH; source: Lookonchain on X https://x.com/lookonchain/status/1988501287936422209. According to Lookonchain, the whale currently has 83,816 ETH valued at approximately $288.6M deposited on Aave and has borrowed $122.89M in stablecoins; source: Lookonchain on X https://x.com/lookonchain/status/1988501287936422209. According to Lookonchain, the related addresses can be monitored for position changes via Arkham Intelligence; sources: https://intel.arkm.com/explorer/address/0x99926Ab8E1B589500aE87977632f13cF7f70F242 and https://intel.arkm.com/explorer/address/0x54d250405d22e858D125Ce2c1aFFC7D73AFe6029. According to Lookonchain, this flow indicates leveraged long ETH exposure via Aave borrowing and spot accumulation; source: Lookonchain on X https://x.com/lookonchain/status/1988501287936422209.

According to @simplykashif, JPMorgan launched JPM Coin, a blockchain-based institutional deposit token that runs on Base Chain and enables 24/7 USD transfers (source: @simplykashif). Base is an Ethereum Layer 2 developed by Coinbase, designed for low-cost, high-throughput settlement, making the reported deployment relevant to ETH ecosystem infrastructure (source: Coinbase). Trading takeaway: monitor Base network USD transfer volumes, weekend settlement activity, relative stablecoin transfer share versus USDC and USDT, and ETH Layer 2 gas usage to assess on-chain dollar settlement trends following this report (source: @simplykashif).

According to @lookonchain, Circle minted another $500M USDC, reported in a Nov 11, 2025 update (source: @lookonchain). According to @lookonchain, Tether and Circle have minted a combined $12.25B in stablecoins since the 10/11 market crash, indicating a substantial post-crash expansion in USDC and USDT supply (source: @lookonchain).

According to @OnchainLens, wallet 0xB29 deposited $1.19M USDC into HyperLiquid and opened a UNI long with 5x leverage, with the position valued at $4.47M and a liquidation price of $7.40, source: @OnchainLens; hyperbot.network/trader/0xB2929cD026A23AAc1b5D5699E56C9dFf26b60eB3. Traders can track UNI’s price relative to the $7.40 liquidation level and the reported $4.47M notional when assessing risk on UNI derivatives, source: @OnchainLens; hyperbot.network/trader/0xB2929cD026A23AAc1b5D5699E56C9dFf26b60eB3.

According to @OnchainLens, Tether minted 1B USDT on Ethereum and Circle minted USDC on Solana within the past six hours, with a combined total of $1.5B; sources: @OnchainLens post on X, Etherscan address 0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828 token transactions at https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828#tokentxns, and Solscan account 7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE activity at https://solscan.io/account/7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE?activity_type=ACTIVITY_SPL_MINT&token_address=EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v#transfers. For trading impact, monitor whether newly minted balances move from issuer treasury addresses to exchanges or market makers via the above Etherscan and Solscan pages to gauge potential stablecoin liquidity flows; sources: Etherscan at https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828#tokentxns and Solscan at https://solscan.io/account/7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE?activity_type=ACTIVITY_SPL_MINT&token_address=EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v#transfers.

According to @OnchainLens, the ETH whale who previously borrowed 66K ETH to sell and later bought 257,543 ETH ($896M) during the dip appears to be rebuilding exposure, corroborated by Arkham wallet explorer data for address 0xE5C248D8d3F3871bD0f68E9C4743459C43BB4e4c (intel.arkm.com/explorer/address/0xE5C248D8d3F3871bD0f68E9C4743459C43BB4e4c). According to @OnchainLens and Arkham, recent transactions include depositing 34,156 ETH ($120.3M) into Aave, borrowing $60M USDT and sending it to Binance, buying 23,500 ETH ($82.62M) and supplying it to Aave V3, borrowing $40M USDC and sending it to Binance, and buying 20,787 ETH ($73.81M) and supplying it to Aave V3 (intel.arkm.com/explorer/address/0xE5C248D8d3F3871bD0f68E9C4743459C43BB4e4c). According to @OnchainLens and Arkham, this sequence totals 78,443 ETH supplied as collateral on Aave V3 and $100M in stablecoins moved to Binance, aligning with @OnchainLens’s characterization that the wallet is building its position again (intel.arkm.com/explorer/address/0xE5C248D8d3F3871bD0f68E9C4743459C43BB4e4c). According to @OnchainLens and Arkham, the prior accumulation of 257,543 ETH ($896M) provides scale context for traders assessing order book liquidity and potential flow impact from this ongoing activity (intel.arkm.com/explorer/address/0xE5C248D8d3F3871bD0f68E9C4743459C43BB4e4c).

According to Binance, its USDC Flexible Products offer up to 5.6% APR for USDC as announced on Nov 10, 2025, based on Binance’s official X post. Binance states the product is flexible and simple with a 5,000 USDC limit available, per Binance. Binance links to a support announcement for additional details on the offer, according to Binance.

According to Lookonchain, Tether minted 1B USDT with transactions referenced via Etherscan and Solscan for verification, source: Lookonchain on X; Etherscan; Solscan. Lookonchain reports that Tether and Circle collectively minted $11.75B in stablecoins over the past month, source: Lookonchain on X. The post includes specific Ethereum and Solana explorer pages that allow traders to confirm the mint events and monitor subsequent transfers for liquidity tracking, source: Lookonchain on X; Etherscan; Solscan.

According to @Andre_Dragosch, stablecoin markets show a clear split between issuance by systemically important stablecoins and issuance by smaller, non-systemic names, highlighting concentration risks. Source: @Andre_Dragosch on X, Nov 10, 2025. Regulators define systemically important or global stablecoin arrangements as those whose disruption could threaten financial stability, making issuance and redemption flows a primary monitoring metric for market risk. Source: Financial Stability Board, High-level recommendations for global stablecoin arrangements (2023). Stablecoins are the dominant quote and settlement asset in crypto trading, so issuance trends materially influence exchange liquidity and price discovery for majors like BTC and ETH. Source: Bank for International Settlements, Quarterly Review on crypto and DeFi (2023); Federal Reserve, Financial Stability Report (2023). Trading takeaway: track net issuance and redemptions from major issuers via public disclosures (e.g., Tether Transparency for USDT and Circle’s USDC attestations) to gauge near-term liquidity conditions and potential basis or funding shifts across BTC and ETH markets. Source: Tether Transparency reports; Circle USDC attestation reports.

According to @OnchainLens, a newly created wallet deposited $3.62M USDC to HyperLiquid and opened 10x long positions in ZEC and HYPE perpetual markets. Source: @OnchainLens on X, Nov 10, 2025; hyperbot.network/trader/0x8AAE8A240f0C97cB542C7B199EF14f9cC6352503 @OnchainLens also reports the funds came from a wallet that previously traded on HyperLiquid and realized $2.3M in losses across multiple positions. Source: @OnchainLens on X, Nov 10, 2025

According to Lookonchain, a newly created wallet 0x8AAE deposited 3.62M USDC into HyperLiquid to take a 10x leveraged long position on ZEC, as reported on X on Nov 10, 2025 with a reference to the Hypurrscan address 0x8AAE8A240f0C97cB542C7B199EF14f9cC6352503. Source: Lookonchain on X; Hypurrscan. Based on the reported capital and leverage, the position implies potential gross exposure of about $36.2M to ZEC if fully utilized at 10x. Source: Lookonchain on X. Lookonchain did not disclose the entry price, liquidation threshold, or current funding rate for this position. Source: Lookonchain on X.