Partnered With:

A certain whale address is using Aave's looped borrowing and lending to go long on the ETH/BTC exchange rate.

According to data from Look on Chain on October 9th, BlockBeats reported that a whale address starting with 0x111 is using Aave's flash loan to go long on the ETH/BTC exchange rate. The specific operation is as follows: Deposit ETH into Aave, borrow WBTC, exchange WBTC for ETH, deposit ETH into Aave again, and borrow WBTC. Currently, the address has accumulated 44,956 ETH (approximately $7.35 million) and borrowed 2,088 BTC (approximately $58.3 million).

Correction/Report

RelatedRecommended

Aave upgrades scrip economic model: release new scrip Aave, start mortgage and liquidity mining reward

Aave's original token LEND will be transferred into new tokens Aave at a ratio of 100:1

Aave Founder's Self-Narrative on Focus Areas for 2026: Aave V4, Horizon, and Mobile端

Regulation is just the starting point; Aave's victory lies in scale, assets, and real-world usage

Beyond Maker and Compound, what does AVE rely on?

Babylon has partnered with Aave Labs to introduce native Bitcoin support on Aave V4 lending services.

NewBloc: Review the benefits of DeFi unsecured loans from AAVE

On-Chain Activity

11min ago

Hacker who stole EU entity funds bought 27,553 ETH yesterday, worth approximately $62.83 million.

15min ago

A certain whale simultaneously took long positions in ZEC spot and futures, incurring a total loss of approximately $5.84 million.

48min ago

The top SHIB holder transferred out 1.07 trillion tokens today, worth approximately $4.94 million.

1h ago

BitMine again increases holdings by 5,000 ETH, valued at approximately $11.22 million.

24H Important News

2026-11-03

Hacker who stole EU entity funds bought 27,553 ETH yesterday, worth approximately $62.83 million.

Data: After opening withdrawals, Binance's Bitcoin balance dropped from 732,000 to 711,000, a decrease of less than 3%.

North Korea today simultaneously denied any connection to last year's Bybit hack, suggesting that the United States was behind it.

GPT-6 Begins 'Handwriting' Neural Networks: Turning Game Rules into Weights, Achieving 20 Times Higher Scores in Brick Breaker

Correction/Report

Submit

Add Library

Visible to myself only

Public

Save

Choose Library

Add Library

Cancel

Finish