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A whale bought 1390 ETH at an average price of $4000 and used it as collateral to leverage the ETH/BTC exchange rate.

By: theblockbeats.news|2025/08/08 15:02:04

BlockBeats News, August 8th, according to LookIntoChain's monitoring, when ETH surpassed $4000, whale 0xaf6c just bought 1,390 WETH at a price of $4000 each ($5.56 million).

Subsequently, the whale deposited these 1,390 WETH into Aave, borrowed 52.83 WBTC ($6.17 million) from Aave, and swapped it for 1,539 WETH ($6.17 million).

The United States and Russia plan to reach an agreement on the Ukraine issue

Due to the fact that the mining rigs were determined by the United States to be of Chinese origin, CleanSpark faces up to a $185 million punitive tariff.