A major whale/institution exchanged 163 BTC for 4,717 ETH via THORChain cross-chain today.

BTC0.41%
ETH2.28%

PANews December 13 News, according to chain analysis by on-chain analyst Yu Jin, recent large whales/institutions switching BTC to ETH have continued today by exchanging 163 BTC through THORChain cross-chain swaps for 4,717 ETH (14.68 million USD). Since 11/25, over 18 days, they have cross-chain swapped a total of 1,632 BTC into 48,364 ETH (145 million USD), with an average cost basis of $3,011 USD per ETH.

View Original
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

HIVE Digital shifts to the GPU computing sector: exits Bitcoin mining and invests in AI data center cash flow

HIVE Digital is accelerating business restructuring, reducing bitcoin mining in Sweden and pivoting toward Canadian AI data centers and high-performance computing to address tax pressures and market volatility. The new business model will shift revenue generation from block rewards to computing power service fees to improve cash flow stability, though it also faces intensifying competitive challenges. This transformation reflects industry trend shifts and may reshape the profitability logic of the mining ecosystem.

GateNews6m ago

France's Capital B, TOBAM, and UTXO Management Complete €3 Million Financing Round, Plan to Increase Holdings by Approximately 36 BTC

Gate News reports that on March 17, French listed companies Capital B, TOBAM, and UTXO Management jointly completed a 3 million euro financing round. At the same time, the three parties adjusted the conversion prices of the A-03, A-04, and A-05 convertible bonds subscribed by TOBAM to accelerate the implementation of the bitcoin treasury company strategy. Upon completion of this transaction, the company is expected to additionally hold approximately 36

GateNews12m ago

Bitcoin Breaks Through $75,000: Capital Inflow and Supply Tightening Create Momentum, Probability of Reaching $80,000 Rises to 56%

Bitcoin surged during Asian early trading, breaking through $75,000 and reaching new highs, with gains extending to an eighth consecutive trading day, signaling recovery in market sentiment. Declining exchange inflows and heightened whale trading activity reinforce the upward momentum. Capital is shifting from gold to Bitcoin, though macro uncertainty remains. $75,000 has become key support, and future trends face testing.

GateNews15m ago

SEC Plans to Cancel Quarterly Earnings Report System: US Stock Transparency May Be Reshaped, Bitcoin and Ethereum Face New Variables

The US SEC plans to abolish the requirement for listed companies to publish quarterly financial reports, replacing it with two reports per year, expected to be implemented in April 2026. This measure may lower compliance costs for companies but has also sparked controversy, as it could increase information asymmetry and market volatility, affecting stock and digital asset markets.

GateNews21m ago

Why Did MSTR Stock Surge? Strategy Splurges $1.57 Billion to Buy Bitcoin, BTC May Surge to $100,000

Strategy purchased 22,337 bitcoins at an average price of $70,194 between March 9-15, bringing its total holdings to 761,068 bitcoins and strengthening its position as the world's largest publicly listed bitcoin holder. This increase in holdings drove MSTR stock price up approximately 6%. Market sentiment toward bitcoin has turned more optimistic, with analysts pointing out that if bitcoin maintains above $72,500, it has the potential to challenge higher price levels, while macroeconomic factors will also impact the market.

GateNews25m ago

ETF Inflows Push Crypto Market Higher: Bitcoin Approaches $75,000, ZEC Surges 18% in a Single Day

On March 17, the cryptocurrency market rebounded significantly due to substantial ETF inflows, with total market capitalization breaking through $2.50 trillion and reaching a six-week high. Bitcoin price briefly approached $75,000, potentially facing pullback risks in the short term. Privacy asset Zcash performed exceptionally well, with gains reaching 18%. OpenSea delayed its token issuance plan to address market uncertainty. The U.S. SEC is considering easing corporate financial disclosure requirements, which could benefit risk assets. The market still faces headwinds and profit-taking pressure.

GateNews27m ago
Comment
0/400
No comments